Often abbreviated to CFC.
You may bet on three or more entrants (usually horses or dogs) in a race, of which any two must finish 1st and 2nd in any order to get a return on your bet.
For example, if you choose 3 dogs for one race, you are effectively placing 3x2 = 6 separate bets (or lines) to get a return if any two of your selections finish 1st and 2nd. If you choose 4 dogs, you'll be pacing 4x3=12 lines on the bet to achieve a return.
The wager is priced per bet, so the more entrants you choose, the lower chance of your winnings exceeding your stake.
See also Forecasts and Combination Tricasts.