An Exacta is a type of wager in horse racing where the bettor must select the first and second place finishers in the exact order. It is also known as a Perfecta or a Exactor. Exacta wagers are a popular way to bet on horse racing and can provide great rewards for those who pick the correct finishers.
Where Can I Place an Exacta?
Exacta bets can be placed at most racetracks and horse racing simulcast centers around the world. They can also be placed online through websites such as TwinSpires, HorseRacingNation and BetAmerica.
How to Place an Exacta
Placing an exacta is easy. First, you must select the two horses that you believe will finish in first and second place in the exact order. Then, you must decide how much you want to wager on the exacta. Most tracks accept exacta wagers of $2 or more.
Types of Exacta Wagers
Straight Exacta: A straight exacta requires you to pick the first and second place finishers in the exact order.
Box Exacta: A box exacta allows you to pick two or more horses to finish first and second place in any order.
Key Exacta: A key exacta is a combination of a straight exacta and a box exacta. You select one horse to finish first and two or more horses to finish second in any order.
Calculating Exacta Payouts
Exacta payouts vary depending on the number of horses competing in the race and the amount of money wagered on the exacta. Generally, the more horses that are in the race and the more money that is wagered on the exacta, the higher the payout will be.
Odds of Winning an Exacta
The odds of winning an exacta depend on the number of horses competing in the race and the amount of money wagered on the exacta. Generally, the more horses that are in the race and the more money that is wagered on the exacta, the lower the odds of winning will be.
Advantages of Exacta Betting
Exacta betting can be a great way to make money if you are able to accurately pick the first and second place finishers in the exact order. Exacta bets also provide the opportunity to win big payouts with small wagers.
Disadvantages of Exacta Betting
The biggest disadvantage of exacta betting is that it is difficult to accurately pick the first and second place finishers in the exact order. This can make exacta betting a risky proposition and can result in large losses if you are not careful.
Tips for Exacta Betting
- Do your research: Before placing an exacta bet, it is important to thoroughly research the horses that are running in the race and their past performances. This will help you make an informed decision about which horses have the best chance of finishing first and second.
- Pay attention to the odds: Paying attention to the odds can help you determine which horses are most likely to finish first and second. Generally, the higher the odds, the more likely the horse is to win.
- Be patient: Don’t rush into placing an exacta bet. Take your time and carefully consider your options before making a decision.
- Manage your bankroll: It is important to manage your bankroll when placing exacta bets. Only bet what you can afford to lose and don’t chase your losses.
Conclusion
Exacta betting can be a great way to make money if you are able to accurately pick the first and second place finishers in the exact order. However, it is important to do your research and manage your bankroll when placing exacta bets. With patience and a little luck, you can be successful at exacta betting.