How do you read horse race payouts?

What is the Exacta in horse racing?

The exacta is a special (exotic) type of horse racing bet where you as a punter put your money on 2 horses that you believe will finish first and second. In horse racing terms, it’s a bet on win and place.

How many horses should be in an exacta box?

You don’t have to limit your exacta boxes to just two horses. If there are a handful of horses that you feel could be in the mix of a particular race, you could include them all in a larger exacta box.

What does exacta mean in horse racing betting?

The exacta is a special (exotic) type of horse racing bet where you as a punter put your money on 2 horses that you believe will finish first and second. In horse racing terms, it’s a bet on win and place. However, unlike the win place show bet, the exacta requires both your horses to finish in the right order.

What is the Exacta wheel and how does it work?

The Exacta Wheel is also known as an Exacta Key. We can use it to “key” one or two horses in first position, and cover multiple other horses in second position. It’s more efficient than the Exacta Box because we don’t have to spend so much money.

Why should you key an exacta horse?

By keying an exacta, you are emphasizing your confidence in a particular horse, and leaving open the possibilities for many other horses to fill out your exacta horse betting ticket. This can come in handy when you feel good about who is going to win but aren’t sure who will finish second.

Why should you use the multiple-horse exacta box?

By using the multiple-horse exacta box, you’ll give yourself a good chance at the payback if you handicapped the race well. By keying an exacta, you are emphasizing your confidence in a particular horse, and leaving open the possibilities for many other horses to fill out your exacta horse betting ticket.

How much does an exacta key bet cost?

A $2 exacta key bet requires you to select one horse to win and others to place, and would cost you $12. Another common exacta key would be two horses over four horses, which would also be a $12 investment on a $2 increment.

How do you win a boxed exacta?

With a boxed exacta, you can pick 2 or more horses to finish first and second. For example, you can pick horses nr. 3, 5, 7 to finish first, and horses nr. 2, 4, 6 to finish second. As long as 2 of these horses win and finish second, you win your bet.

How much does an exacta bet in the Kentucky Derby pay?

A winning Exacta Bet from the 2009 Kentucky Derby generated an even bigger $2,074.60 payout when 50-1 runner Mine That Bird beat Pioneer of the Nile . However, in the 2016 Kentucky Derby, the favorite Nyquist beat the second favorite Exaggerator and the Kentucky Derby Exacta returned just $30.60 for each successful $2 exacta bet.

Is the Exacta part wheel a good bet?

The Exacta Part Wheel is a step in the right direction. This bet involves wheeling your horse over a few other horses. This is a much better strategy than wheeling the entire field second because it costs less.

How much is an exacta key bet?

A $2 exacta key bet requires you to select one horse to win and others to place, and would cost you $12. Another common exacta key would be two horses over four horses, which would also be a $12 investment on a $2 increment. “The exacta is probably my favorite wager.

How much is a $2 exacta box worth?

A $2 wager in a three-horse exacta box would cost you $12. If two of the three horses finish first and second, the ticket is a winner. A $2 exacta key bet requires you to select one horse to win and others to place, and would cost you $12.

How do Kentucky Derby exotic bet payouts work?

Payouts for exotic bets can be huge for the Kentucky Derby. Each exotic betting pool pays out differently based on how much money was bet. The payouts are made by taking the total money wagered in the (exacta, trifecta, superfecta) pool and subtracting the track takeout, then dividing the remainder of the money by the number of winning tickets.

How much money do bettors make on the Kentucky Derby?

Over $150 million is won by bettors wagering on the Kentucky Derby each year. Learn how to bet on the Kentucky Derby here; with tips fro our experts, important information on contenders, and of course the best place to bet on the Kentucky Derby in our official partners and sister site, TwinSpires.com!

How much do two horse Exacta bets cost?

The two horse exacta bets cost the same regardless of how the example wager is placed. A $2 wager made twice will cost $4. The process of boxing horses is simple with a two-horse example. However, it’s very helpful when more horses are included in an exacta, trifecta, or superfecta box.

How much is a $1 exacta box of 4 horses?

A $1 exacta box of four horses would be calculated as 4 * (4-1) * $1 = $12, which equates to 12 $1 exacta bets. Below are some additional exacta box calculations with costs: $1 exacta box of 3 horses = 3 * (3-1) = 6 combinations * $1= $6 $1 exacta box of 4 horses = 4 * (4-1) = 12 combinations * $1 = $12

What is a key box exacta bet?

The Key Box exacta bet is very useful when you have one runner you are focusing on and wish to cover more options in your exactas, at a lower total cost than boxing all your selections. a $2 Exacta Key Box: 1/3,7,9,10 would cost $16 and is made up exacta box bets of 1 & 3; 1 & 7, 1 & 9 and 1 & 10.

How many horses can you box in an exacta box?

$1 exacta box of 5 horses = 5 * (5-1) = 20 combinations * $1 = $20 You can box as many horses as you like in an exacta, but this is not generally a wise betting strategy simply because all of the horses in the box do not have the same chance of finishing first or second.

How much is a $1 exacta box?

To determine the cost of a $1 exacta box take the number of horses you want to box and multiply that number by the number of horses in the box minus 1. A $1 exacta box of four horses would be calculated as 4 * (4-1) * $1 = $12, which equates to 12 $1 exacta bets.

What is exacta box horse racing betting?

Exacta Box Horse Racing Betting. An Exacta Box bet is more versatile, allowing the bettor to place two wagers on a single betting slip, choosing the two horses they believe will finish first and second in any order.

What is the difference between an exacta and a horse?

Whereas a horse might only pay $5 to win for a $2 bet, an exacta combining that winner with a longshot could pay substantially more. Some players like to bet exactas not only because of the potential for high payoffs, but also because the tote board at most racetracks will show the probable exacta payoffs before a race runs.

How much does the Exacta wheel cost?

If the race had ten horses the Exacta wheel would cost $9 (1 x 9 = 9) for each $1 bet. In a ten horse field the Exacta will usually pay more than $9 for a $1 bet so if your horse wins you will most likely make a profit but at what cost?