Exactor Betting Strategies

What is a Exacta Bet?

Exacta betting requires you to pick the first two finishers in a race in exact order — thus the title exacta. Also known at some tracks as the exactor or perfecta, exactas are attractive betting propositions to a lot of players due to the potential for large payoffs. Exacta wagering also offers an opportunity to make a fantastic profit on race where a heavy favourite makes win betting a bad value proposition.
Whereas a horse might only pay $5 to win for a $2 bet, an exacta combining that winner using a longshot could pay more. Some players like to bet exactas not simply due to the potential for large payoffs, but also because the tote board at most racetracks will show the likely exacta payoffs prior to a race runs. Having the ability to see what you can win before a race runs is a really attractive option to a lot of bettors. Furthermore, exacta boxes of a couple of horses are an alternative used by many bettors when their handicapping can not distinguish the winner from their top contenders.
There are basically three distinct exacta wagering choices, some more effective than others.
Straight Exacta Betting
The first exacta wagering alternative is the straight exacta bet, generally extended in minimum denominations of $2. A $ two straight exacta bet 3-4 would require that horse 3 win the horse and race 4 complete second to allow you to cash a winning ticket.
Exacta Boxes
The second and hottest exacta wagering strategy is the exacta box combining 2 or more horses to finish first or second in order. Generally provided in a minimum denomination of $1, an exacta box of horses 3-4 would signify 2 potential combinations — 3-4 and 4-3, at a price of $2. The expense of a $1 exacta box descends directly to the number of horses and possible combinations from the box.
For example, a $1 exacta box of 3 horses (2-3-4) represents 6 potential $1 winning mixtures that include 2-3, 2-4, 3-4, 3-2, 4-2 and 4-3. While any of these combinations would allow you to cash a ticket, remember that your payout will be half the actual $2 directly exacta payout, since you played with a $1 box.
A box could be performed in almost any denomination of $1 or more, but the greater the denomination played, the greater the cost. A $2 exacta box of the exact same three horses (2-3-4) could cost $12, twice as much as a $1 exacta box, but would also offer the full $2 exacta payout as displayed on the tote board.
To determine the cost of a $1 exacta box take the number of horses you want to box and multiply that amount by the number of horses at the box minus 1. A $1 exacta box of four horses would be computed as 4 * (4-1) * $1 $12, which equates to 12 $1 exacta bets.
Below are some added exacta box calculations with prices:
$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
$1 exacta box of 5 horses = 5 * (5-1) = 20 combinations * $1 = $20
$1 exacta box of 6 horses = 6 (6-1) = 30 mixes * $1 = $30
$1 exacta box of 7 horses = 7 * (7-1) = 42 combinations * $1 = $42
$1 exacta box of 8 horses = 8 * (8-1) = 56 mixes * $1 = $56
You can box as many horses as you like in an exacta, however this isn’t generally a wise betting strategy only because all the horses at the box don’t have exactly the identical chance of finishing first or second.
Generally, but not most cases, exacta boxes represent poor value, but since they are relatively easy to understand, mentally easier to perform (you don’t need to pick the horses in exact order) and also supply the best probability of cashing a ticket (even at a loss), they’re the most popular method of enjoying exactas.
Because exacta boxes rate each combination in the box as having the specific same odds of winning (which is never true ) they produce inefficiencies from the exacta betting pools. It’s those inefficiencies that clever bettors search for and try to make the most of.
Exacta Wheels and Exacta Part-Wheels
The next way of playing exactas is to wheel a single horse (or more than 1 horse) in one position with almost any number of horses in another position. For instance, if you were to play a $1 exacta wheel 3-with-All within an eight-horse area (3 with 1,2,4,5,6,7,8 — seven $1 combinations) it would cost you $7. The three 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 a ticket. Or, if you believe the 3 horse gets a better prospect of finishing second, you could play a $1 exacta wheel All-with-3 (1,2,4,5,6,7,8 with 3 — again seven $1 combinations) at a cost of $1. In this case any horse at the race could acquire and the 3 horse would have to finish second in order for you to cash a ticket.
Exactas can also be performed as part-wheels, which differs from a full wheel so that you don’t use ALL the horses at one portion of this wheel. By way of instance, in an eight-horse area, you might play a $1 exacta part-wheel 3 with 2, 4, 5 (three possible winning combinations of 3-2, 3-4, 3-5) at a price of $3. Or you might play with the part-wheel the other way, 2, 4, 5 with 3 (also three possible winning combinations of 2-3, 4-3, 5-3) in a price of $3. While exacta wheels and part-wheels are not quite as inefficient as boxes, they still leave room for advancement, which brings us to our favored exacta betting strategy.
Preferred Exacta Betting Strategies Let’s say you like horses 5, 7 and 6 to finish first or second in a race. Your handicapping tells you that horse 5 includes a 50 percent chance of winning the race, horse 6 includes a 20 percent chance of winning and horse 7 includes a 10 percent probability of winning. Most bettors in this situation would play with an exactor box of 5-6-7 — six possible combinations. Other bettors might play an exactor part-wheel wheel of 5-with 7, 6 and an extra part-wheel of 7, 6 with 5 — four possible combinations. The exactor box rates each possible combination as having the exact same probability of winning, which according to your handicapping isn’t accurate. The part-wheel in this case is more efficient, leaving the probable mixtures of 6-7 and 7-6, but still score both the 7 and 6 horses as with the same probability of winning or finishing second.
Considering that you have $60 to spend and that you have rated the chances of each horse winning as follows: 5% — 50 percent, 6-20%, 7-10%, below are a few potential betting options:
Exacta Box — Least Efficient
$10 exacta box 5-6-7 = 6 possible combinations wager in equal percentage = $60
Resulting Exacta Tickets
$10 exacta 5-6 = 10 $10 exacta 5-7 = 10 $10 exacta 6-5 = $10 $10 exacta 6-7 = $10 $10 exacta 7-5 = 10 $10 exacta 7-6 = 10 Exacta Part-Wheels — Slightly More Efficient
$15 exacta part wheel 5 with 6, 7 and 6, 7 with 5 = 4 possible combinations = $60
Resulting Exacta Tickets
$15 exacta 5-6 = 15 $15 exacta 5-7 = 15 $15 exacta 6-5 = 15 $15 exacta 7-5 = 15 Exacta Part-Wheels Correlated to Winning Probabilities as Identified by Your Handicapping — Highly Efficient
$30 exacta 5-6
$20 exacta 5-7
$6 exacta 6-5
$4 exacta 7-5
Outcomes and Exacta Payoffs
The race ran exactly as the handicapping said it would — the 5 horse won along with the 6 horse ran second. The $2 exacta 5-6 paid $20. Lucky you! Based on the way you bet.
In the Event That You had bet the first option, the exacta box:
Cost: $60 Return: $10 exacta 5-6 = $100 – $60 = 40 Profit If you had bet the second choice, the exacta part-wheels:
Price: $60 Yield: $15 exacta 5-6 = $150 – $60 = $90 Gain If you had bet the next alternative — exacta part-wheels associated with winning probabilities as identified by your handicapping:
Price: $60 Yield: $30 exacta 5-6 = $300 – $60 = 240 Profit The concluding exacta wagering strategy, which places more income on the higher probability mixes as identified with your handicapping, produces the largest profit — that is the key to creating a favorable return on investment over the long run. As you might money more tickets utilizing the inefficient exacta box method, it is unlikely that this low-profit approach will sustain itself over the long haul.
Keeping in mind that mixtures of favorites in exactas generally produce lower payoffs than they need to, as do blends of longshots, you can further increase you chances of achieving a favorable return on investment by focusing on your play races in which your handicapping points to the higher probability of 2 medium-priced horses finishing the exacta. The latter scenario often results in payoffs that are bigger than they ought to be due to inefficiencies in the exacta betting pools.
In conclusion, using strong handicapping fundamentals to determine your own set of probabilities, and then focusing your main exacta combinations on the most probable results, rather than on wheels and boxes, is the key to creating a long-term profit from exacta gambling.
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