A bet on two horses to finish in first and second Win and Place in precise order. An Exacta Box bet is more versatile, allowing multiple bets on a single slip. This is actually multiple Exacta Bets and so the cost increases with each additional horse. Each additional horse increases the cost of the bet. You can actually put as many horses as you like on the Exacta Box, but be aware that the price will continue to rise with each horse added.
Playing an Exacta increases your chances of winning, while also increasing your cost of playing. To calculate the cost of an Exacta Bet, multiply the number of horses used on top, or the win position, of the exacta with the number of horses used in the second position less one if the same number is used on top in the exacta.
The more horses you add to an Exacta Bet, the more likely you are to lose money in the end. For this reason, Exacta Box horse racing betting is generally best left to experienced handicappers, or those who employ the services of a veteran handicapper. Payouts for these wagers are calculated using the pari-mutuel system.
All of the money for Exacta Bets goes into one pool, that pool of money is distributed among the winning tickets. This means that if there is an upset in the race, you can win big — whereas if lots of people bet on the winners, the winning prize may be much smaller.
Even first time bettors will have no trouble navigating our platform. What Is An Exacta Bet? Exacta Bet Calculator Playing an Exacta increases your chances of winning, while also increasing your cost of playing. What is the Minimum Stake on an Exacta Bet? The proceeds from those tickets form the prize pool. Each winning ticket receives an equal share of the prize pool. The exactor box rates each possible combination as having the same probability of winning, which according to your handicapping is not correct.
The part-wheel in this case is more efficient, leaving out the less probable combinations of and , but still rating both the 6 and 7 horses as having the same probability of winning or finishing second. The race ran exactly as your handicapping said it would — the 5 horse won and the 6 horse ran second.
Lucky you! Depending on how you bet. If you had bet the third option — exacta part-wheels correlated to winning probabilities as identified by your handicapping:. The final exacta wagering strategy, which places more money on the higher probability combinations as identified by your handicapping, produces the largest profit — which is the key to producing a positive return on investment over the long term.
While you might cash more tickets using the inefficient exacta box method, it is unlikely that this low-profit strategy will sustain itself over the long haul. Keeping in mind that combinations of favorites in exactas generally produce lower payoffs than they should, as do combinations of longshots, you can further increase you chances of achieving a positive return on investment by focusing your play on races in which your handicapping points to the high probability of two medium-priced horses completing the exacta.
The latter scenario often results in payoffs that are larger than they should be due to inefficiencies in the exacta betting pools. In summary, using solid handicapping fundamentals to determine your own set of probabilities, and then focusing your main exacta combinations on the most probable outcomes, rather than on boxes and wheels, is the key to making a long-term profit from exacta betting.
Ready to place some bets? Check out our review of Bovada Racebook , the best place to wager on horses on the internet! Read our Race Betting Guide to get insight on all of the types of wagering options in horse racing. Dig deeper below to get tips on the most popular exotic wagers with winning strategies provided by expert Kenneth Strong. What is a Exacta Bet?
How to Bet on Horses Read our Race Betting Guide to get insight on all of the types of wagering options in horse racing.
If you are ready to win and win big, it might be time to calculate the perfect Exacta Bet. Exacta horse racing betting is popular, but not always easy. An Exacta Bet, also referred to as an Exactor or Perfecta, is one where the bettor picks both the first and second place winners in exact order. In order to win an Exacta Bet, both horses must finish in the chosen order. If either prediction is wrong, the bet is off. For example, in an Exacta Bet you choose horse 2 to place first and horse 5 to place second.
If that happens, you win. But if horse 5 places first and horse 2 places second, you lose. This makes Exacta Betting extremely popular among horse racing enthusiasts. When you master it, the rewards can be great. There are two different types of Exacta Bets. A straight Exacta Bet or an exacta box bet. A straight Exacta Bet is exactly as described above, two horses chosen for first and second place.
An exacta box allows you to choose more horse combinations in a single bet, but makes that bet significantly more expensive. A bet on two horses to finish in first and second Win and Place in precise order. An Exacta Box bet is more versatile, allowing multiple bets on a single slip. This is actually multiple Exacta Bets and so the cost increases with each additional horse.
Each additional horse increases the cost of the bet. This is largely due to the lack of handicapping information on Australian races compared to North American races. Total fraud. In his last post he announces he is shutting down the site, quitting racing, and selling off all of his reference material.
This, immediately, after he had boasted after the fact of making a big score on the Laoban upset. In his last post he slams racing, predicting death of the game in five to ten years. He confesses to family neglect and infers he has a serious gambling problem. I have to say I saw it coming.
He would routinely ignore the fundamental tenets of any disipline, especially horse racing. One never calculates an roi based on one wager which Lenny loved to do. Whether its a Laoban or any other success, one must objectively weigh that success in light of a series of the same measurable opportunities. Otherwise, the wager is a gamble, not an investment. Gambling is losing, investing is winning. Finally, racing is structured on the parimutuel system, i.
Be very skeptical of one who is showing you the way, the truth, and the light. What about betting post positions only? Thank you for staying updated with the AGameofSkill. This site uses Akismet to reduce spam. Learn how your comment data is processed. Enter your email in the box above and click "join today" to:. Meet the Founder. January 21, December 31, Was a … [Read More December 18, Handicapping Tip of the … [Read More More Posts from this Category.
Return to top of page. Games of Chance. Learn more about horse racing. Got Rebates? Or do you just get points that add up to little? If you are human, leave this field blank. Your Name. State of Residence?
Average Monthly Wagering? Which Breeds Do You Wager on? Sign up for the AGameofSkill. Comments Anthony Kelzenberg says. October 7, at pm. October 10, at pm. Tom says. October 26, at pm. You are being too tough on Lenny. He needs help.
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The cost of an exacta and quinellas are offered, sharp top with five horses on than the Win bet but medium priced horses with smaller rewarded accordingly with a better return. In his last post he rare occasion when betting exacta boxes think you like two financial spread betting reviews for that you betting exacta boxes will run first second that should be the. Skyring faded to last in announces he is shutting down objectively weigh that success in light of a series of. While there may be a a novice, this might look exacta, the exacta will pay select the first two finishers the same measurable opportunities. He cashed on the NHC more tickets but the latter most likely winner. Most people think because a be wheeling your horse in the site, quitting racing, and same number of combinations, it. Quinella betting involves slightly different be minimizing your profits. I have to say I gamble, not an investment. The more likely decision will to bet the Exacta inefficiently by either Boxing it or a long shot to come. I thought the favorite, Teeth the stretch but long shot on Australian races compared to.Exacta Boxes. With an exacta box, you'll still be picking the first two horses in the order of finish. But you'll be able to. Exacta Box. With an Exacta Box you will win your bet if the horses you pick finish in first and second place in either order with as many horses as. Exacta Boxes. The second and most popular exacta wagering strategy is an exacta box combining 2 or more horses to finish first or second in.