An Exacta is a type of bet in horse racing that requires the bettor to select the first two horses in the correct order of finish in a race. This type of wager is also referred to as a “Perfecta,” “Quinella,” or “Exactor.”
How to Place an Exacta Bet?
When placing an Exacta bet, the bettor must specify the horses in the order in which they finish the race. For example, if the bettor selects horses “A” and “B” as the first two finishers in a race, they must specify “A” to finish first and “B” to finish second. The Exacta wager can be made on any type of race, whether it is a single race, a series of races, or a combination of races.
What are the Different Types of Exacta Bets?
The most common type of Exacta bet is the Straight Exacta, which requires the bettor to select the first two horses in the correct order of finish in a single race. Other types of Exacta bets include Box Exactas, Key Exactas, and Part Wheel Exactas.
Straight Exacta
The Straight Exacta requires the bettor to select the first two horses in the correct order of finish in a single race. This type of wager is the most common type of Exacta bet.
Box Exacta
The Box Exacta allows the bettor to select multiple horses in any order to finish in the top two positions in a race. This type of wager is more expensive than the Straight Exacta and is often used when the bettor is unsure of the exact order of finish.
Key Exacta
The Key Exacta requires the bettor to select one horse to finish in the top two positions in a race, and then select other horses to finish in any order behind the key horse. This type of wager is more expensive than the Straight Exacta and is often used when the bettor is confident of the key horse but unsure of the other horses in the race.
Part Wheel Exacta
The Part Wheel Exacta is a combination of the Straight Exacta and the Box Exacta. This type of wager requires the bettor to select a number of horses in the exact order of finish in a race, and then select other horses in any order to fill out the rest of the bet. This type of wager is more expensive than the Straight Exacta and is often used when the bettor is confident of some horses in the race but unsure of the exact order of finish.
How Much Do You Win on an Exacta?
The amount of money a bettor can win on an Exacta depends on the amount wagered, the type of Exacta bet, and the odds of the horses selected.
Straight Exacta
The payout for a Straight Exacta bet is determined by the total pool of money wagered on the race and the odds of the horses selected. For example, if the total pool is $100 and the odds of the horses selected are 3-1 and 5-1, the payout will be $100 x (3/1 + 5/1) = $500.
Box Exacta
The payout for a Box Exacta bet is determined by the total pool of money wagered on the race and the odds of the horses selected. For example, if the total pool is $100 and the odds of the horses selected are 3-1, 5-1, 6-1, and 8-1, the payout will be $100 x (3/1 + 5/1 + 6/1 + 8/1) = $1000.
Key Exacta
The payout for a Key Exacta bet is determined by the total pool of money wagered on the race and the odds of the horses selected. For example, if the total pool is $100 and the odds of the horses selected are 3-1 for the key horse and 5-1, 6-1, and 8-1 for other horses, the payout will be $100 x (3/1 + 5/1 + 6/1 + 8/1) = $1000.
Part Wheel Exacta
The payout for a Part Wheel Exacta bet is determined by the total pool of money wagered on the race and the odds of the horses selected. For example, if the total pool is $100 and the odds of the horses selected are 3-1, 5-1, 6-1, and 8-1, the payout will be $100 x (3/1 + 5/1 + 6/1 + 8/1) = $1000.
Tips for Winning Exacta Bets
- Do Your Research: Before placing an Exacta bet, it is important to do your research and get an understanding of the horses in the race and the track conditions. This will help you make an informed decision when selecting the horses in your Exacta bet.
- Know the Odds: It is important to know the odds of the horses you are betting on, as this will help you determine the potential payout of your Exacta bet.
- Understand the Different Types of Exacta Bets: It is important to understand the different types of Exacta bets and which type is best suited for your betting strategy.
Conclusion
Exacta betting is an exciting way to bet on horse races. With the right strategy and research, you can increase your chances of winning and maximize your potential payout. The amount of money you can win on an Exacta depends on the type of Exacta bet, the amount wagered, and the odds of the horses selected.