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# How Does An Exacta Payout?

An Exacta is a type of bet in horse racing where the bettor must select the first and second place finishers in a race in the exact order of finish. This type of bet requires the bettor to pick the correct horses in the exact order of finish, meaning a bettor must select the first and second place finishers in the race in order to win the bet.

## How Does an Exacta Payout?

The payout for an Exacta bet is determined by the odds of the horses finishing in the exact order that the bettor has chosen. For example, if the odds are 4-1 on the first horse and 6-1 on the second horse, the possible payout for an exacta bet could be 24-1. This means that if the bettor correctly picks the first and second place finishers in the race, they would receive 24 times the amount of the wager.

## Calculating Exacta Payouts

When calculating the payout for an Exacta bet, the odds of the two horses must be multiplied together. This is done by taking the first horse’s odds and multiplying them by the second horse’s odds. For example, if the odds of the first horse are 4-1 and the odds of the second horse are 6-1, the calculation would be 4 x 6 = 24. This means that the possible payout for an Exacta bet is 24-1.

## Factors That Affect Exacta Payouts

There are several factors that can affect the payout of an Exacta bet. The most obvious factor is the odds of the horses, which will affect the potential payout of the bet. Additionally, the size of the field can also have an effect on the payout. If there are more horses in the race, the potential payouts will be lower.

## Types of Exacta Wagers

There are several different types of Exacta wagers that can be made. The most common wager is the Straight Exacta, which requires the bettor to select the first and second place finishers in the exact order of finish. Other types of Exacta wagers include the Box Exacta, which requires the bettor to select the horses in any order of finish; the Key Exacta, which requires the bettor to select the first and second place finishers in one of two orders of finish; and the Part Wheel Exacta, which requires the bettor to select the first and second place finishers in one of three orders of finish.

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Exacta wagers offer several advantages compared to other types of wagers. Exacta bets are relatively easy to make and don’t require the bettor to select a large number of horses in order to win the bet. Additionally, Exacta bets can offer higher payouts than other types of bets, such as win, place, or show wagers.

Despite the advantages of Exacta wagers, there are also some disadvantages. Exacta bets are more difficult to win than other types of bets, as the bettor must select the first and second place finishers in the exact order of finish. Additionally, the payouts for Exacta bets can be lower than other types of bets due to the difficulty of picking the correct horses in the correct order.

## Tips for Picking Exacta Bets

### Research the Horses

When picking an Exacta bet, it is important to do thorough research on the horses in the race. Researching the horses’ past performances and form can help the bettor determine which horses are most likely to finish first and second in the race. Additionally, researching the track conditions and the jockeys can also help the bettor make an informed decision.

### Pay Attention to the Odds

The odds can provide valuable information when picking an Exacta bet. Paying attention to the odds of the horses can help the bettor determine the potential payouts of the bet. Additionally, the odds can also provide an indication of which horses are most likely to finish first and second in the race.