The exacta box is a popular wager in horse racing that involves betting on two horses to finish first and second in exact order. To win the wager, the two chosen horses must finish in the exact order as bettor predicted. An exacta box bet allows bettors to choose more than one horse for each position, thus increasing the chances of success. This type of bet is also known as the ‘box’ bet due to the fact that all of the horses are combined into a single box. So, how much does a 3 horse exacta box cost?
The Cost of a 3 Horse Exacta Box
The cost of a 3 horse exacta box depends on the total amount of money wagered on the wager. Generally, the cost is equal to the total amount of money wagered multiplied by the number of horses in the box, plus one. So, if the total amount of money wagered is $2, the cost of the 3 horse exacta box would be $7 ($2 x 3 + 1).
The cost may also be affected by the type of track, as some tracks offer different pricing structures. For example, some tracks may charge a flat fee, while others may charge a percentage of the total amount of money wagered. It’s important to check the rules and regulations of the track before placing a wager.
Calculating Payouts on a 3 Horse Exacta Box
Payouts on exacta box wagers are determined by the total amount of money wagered and the odds of the horses chosen. The total amount of money wagered is divided by the number of horses in the box and then multiplied by the odds of the horses chosen. For example, if the total amount of money wagered is $2 and the odds of the horses chosen are 10-1, the payout would be $20 ($2/3 x 10 = $20).
It’s important to note that exacta box payouts are calculated differently than traditional exacta wagers. With traditional exacta wagers, the total amount of money wagered is multiplied by the odds of the horses chosen. For example, if the total amount of money wagered is $2 and the odds of the horses chosen are 10-1, the payout would be $20 ($2 x 10 = $20).
Understanding the Risks of a 3 Horse Exacta Box
Although exacta boxes offer bettors an increased chance of success, they also involve more risk. This is because the cost of the wager increases significantly with each additional horse added to the box. For example, the cost of a 3 horse exacta box is much higher than the cost of a 2 horse exacta box. Therefore, bettors must weigh the risks and rewards before placing a wager.
Advantages of a 3 Horse Exacta Box
The biggest advantage of a 3 horse exacta box is the increased chance of success. By choosing more than one horse for each position, bettors can increase their chances of winning. Additionally, exacta boxes offer bettors greater flexibility when making their selections. For example, bettors can choose a single horse for both positions, or they can choose two different horses.
Conclusion
A 3 horse exacta box is a popular wager in horse racing that involves betting on two horses to finish first and second in exact order. The cost of a 3 horse exacta box depends on the total amount of money wagered and the type of track. Payouts on exacta box wagers are determined by the total amount of money wagered and the odds of the horses chosen. Although exacta boxes offer bettors an increased chance of success, they also involve more risk. The biggest advantage of a 3 horse exacta box is the increased chance of success.