The Preakness Stakes is an American flat thoroughbred horse race held annually on the third Saturday in May at Pimlico Race Course in Baltimore, Maryland. The Preakness is a Grade I race run over a distance of 9.5 furlongs (1 3/16 miles, 1870 m) on dirt. It is the second leg of the Triple Crown of Thoroughbred Racing, and traditionally draws the second-largest field of three-year-olds of any race in the United States.
What is an Exacta?
An exacta, also known as a perfecta, is a form of pari-mutuel betting where the bettor must select the first and second place finishers in a race in the correct order. This type of bet is more difficult to win than a win bet, but the payouts are much higher.
History of the Preakness
The Preakness Stakes was first run in 1873, and has been held annually at Pimlico Race Course since 1909. The Preakness is one of the oldest and most prestigious races in North America and is the second leg of the Triple Crown of Thoroughbred Racing.
How Much Did the Exacta Pay in the Preakness?
The exacta payout for the 2020 Preakness Stakes was $360.90 on a $2 wager. The 2020 Preakness Stakes winner was Swiss Skydiver, with runner-up Art Collector coming in second.
Previous Exacta Payouts for the Preakness
The exacta payouts for the Preakness Stakes have varied from year to year, with the payouts ranging from a low of $14.00 in 2016 to a high of $142.00 in 2009. The exacta payouts for the past few years have been as follows:
- 2019: $75.60
- 2018: $134.20
- 2017: $47.20
- 2016: $14.00
Factors That Impact the Exacta Payout
There are several factors that can affect the exacta payout in the Preakness, such as the size of the field and the amount of money wagered on the race. A larger field of horses can lead to higher payouts as there are more possible combinations of horses that could finish in the top two spots. Similarly, the more money wagered on the race, the higher the payout will be.
Other Types of Exotic Bets
In addition to the exacta, there are other types of exotic bets available at the Preakness Stakes. Some of these include the trifecta, superfecta, pick 3, pick 4, and pick 6. Each of these bets is slightly different, but all involve picking the top finishers in a race in the correct order.
Strategies for Betting Exotic Bets
When betting exotic bets, it is important to understand the different types of bets and the strategies that can be used to maximize your chances of winning. It is also important to research the horses in the race and to have a good understanding of the track and the conditions of the race. Additionally, it is important to have a solid betting bankroll so that you can cover any losses and still have funds left for future bets.
The Benefits of Exotic Bets
Exotic bets can offer a much higher payout than a traditional win or place bet. This is due to the fact that the bettor must pick the top two finishers in the correct order, which is a much more difficult task than picking a single horse to win or place. Additionally, some exotic bets, such as the pick 3 or pick 6, can offer even higher payouts.
The Risks of Exotic Bets
It is important to understand that exotic bets can be very risky and should only be attempted by experienced bettors who understand the risk. Additionally, exotic bets require a larger bankroll than win or place bets as the payouts can be much higher.
Conclusion
In conclusion, the exacta payout for the 2020 Preakness Stakes was $360.90 on a $2 wager. The exacta payouts for the Preakness Stakes have varied from year to year, with the payouts ranging from a low of $14.00 in 2016 to a high of $142.00 in 2009. Exotic bets can offer a much higher payout than a traditional win or place bet, but they are also much riskier and should only be attempted by experienced bettors.