Horse Betting: What is an Exacta?
Exacta or Exactor
At the ticket window, choose the two horses which will finish in second and first place in the precise order. You win your bet when the horses you pick finish in second and first position in the precise order. The minimum amount that can be wagered is $1 but keep in mind that payouts would be paid out at half as the odds are calculated in a $2 bet worth.
Exacta Box
Having an Exacta Box you will win your bet when the horses that you select finish in first and second place in order with as many horses as you wish.Exacta boxes they’re the most popular method of playing exactas because they’re easier to understand and offer the best possibility of cashing a ticket.
It’s necessary to note that this is not a wise gambling strategy only because each one of the horses at the box do not have exactly the identical chance of finishing first or second. Your ticket may pay out in a reduction.
Because exacta boxes rate each combination from the box as having the exact same odds of winning (that is never true ) they produce a bias in the exacta betting pools. It is this bias that smart bettors search for and attempt to make the most of.
Exacta Wheels
Decide on a horse to finish either first or second and wheel it in the exacta, you cover each combination to ensure if your horse finishes at the second or first position, you’ll have the winning combination.
By way of example, if you were to play a $1 exacta wheel with a’key’ horse of #3 to come first, the 3 horse would have to win and any of 1,2,4,5,6,7,8 would have to complete second to allow you to cash the ticket.
Or, if you believe that the’key’ horse #3 has a better chance of finishing second, you could play with a $1 exacta wheel. In this case any horse in the race could acquire along with the three horse would need to finish second in order for you to cash your ticket.
Either way, in an eight-horse area it might cost you $7 as you’re wagering 7 different $1 exactas gambling horses 3-1, 3-2, 3-4, 3-5, 3-6, 3-7, 3-8 or horses 1-3, 2-3, 4-3, 5-3, 6-3, 7-3, 8-3.
Exactas may also be played as part-wheels where you might play with a $1 exacta part-wheel horse #3 with 2, 4, 5 (three potential winning combinations of 3-2, 3-4, 3-5) at a cost of $3. Or you might play with the part-wheel the other way, 2, 4, 5 (additionally three possible winning combinations of 2-3, 4-3, 5-3) in a price of $3. Part exacta wheels decrease some of the prejudice of gambling exacta boxes.
Exacta Betting Strategies
Through handicapping you determine horse #5 has a 50% chance of winning the race, horse #6 has a 20% chance of winning and horse #7 includes a 10% chance of winning. You will be spending $60 with this particular race.
Option 1.
You play with an exactor box of 5-6-7 that will be 6 exactas at $10 each.
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