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. This type of wager is also referred to as a “perfecta” or a “quiniela”. With an exacta, the bettor is trying to predict the exact order of the top two finishers in a race.
An exacta is a more difficult wager than a win, place, or show bet because it requires the bettor to accurately predict the first two finishers in the exact order. However, it can also provide a bigger payout than a win, place, or show bet if the bettor is able to correctly predict the correct order of the top two finishers in a race.
How Much is a $1 Exacta?
The cost of a $1 exacta wager will depend on the racetrack and the size of the field. Generally, a $1 exacta wager will cost anywhere from $2 to $6 depending on the racetrack and the size of the field.
For example, a $1 exacta wager at a racetrack with a large field (10 or more horses) could cost as much as $6. However, a $1 exacta wager at a racetrack with a smaller field (less than 10 horses) could cost as little as $2.
Payouts for a $1 Exacta
The payout for a $1 exacta wager will depend on the racetrack and the size of the field. Generally, the payout for a $1 exacta wager will range between $2 and $10 depending on the racetrack and the size of the field.
For example, a $1 exacta wager at a racetrack with a large field (10 or more horses) could payout as much as $10 if the bettor is able to correctly predict the first two finishers in the exact order. However, a $1 exacta wager at a racetrack with a smaller field (less than 10 horses) could payout as little as $2 if the bettor is able to correctly predict the first two finishers in the exact order.
Factors That Affect the Cost and Payout of a $1 Exacta
Racetrack: The cost and payout of a $1 exacta wager will vary depending on the racetrack. Generally, racetracks with larger fields (10 or more horses) will have higher cost and higher payouts than racetracks with smaller fields (less than 10 horses).
Size of the Field: The cost and payout of a $1 exacta wager will also vary depending on the size of the field. Generally, larger fields (10 or more horses) will have higher cost and higher payouts than smaller fields (less than 10 horses).
Tips for Betting a $1 Exacta
- Do Your Research: Before placing a $1 exacta wager, it is important to do your research. Research the racetrack, the horses, and the jockeys to determine which horses have the best chance of winning.
- Set a Budget: Before placing a $1 exacta wager, it is important to set a budget and stick to it. Determine how much you are willing to spend on the wager and only bet what you can afford to lose.
- Bet Strategically: When placing a $1 exacta wager, it is important to bet strategically. Try to pick the top two finishers in the exact order, but also consider box and wheel bets to increase your chances of winning.
- Manage Your Bankroll: When betting on horse racing, it is important to manage your bankroll. Track your wins and losses and adjust your wagers accordingly.
Advantages of a $1 Exacta Wager
- Potential for Bigger Payouts: One of the main advantages of a $1 exacta wager is the potential for bigger payouts. If the bettor is able to correctly predict the first two finishers in the exact order, they can potentially win more money than with a win, place, or show wager.
- More Challenging Wager: Another advantage of a $1 exacta wager is that it is a more challenging wager. This can add an element of excitement to the wager as the bettor is trying to accurately predict the first two finishers in the exact order.
- Multiple Betting Options: With a $1 exacta wager, there are multiple betting options available. The bettor can place a straight exacta bet, box their bets, or wheel their bets to increase their chances of winning.
Disadvantages of a $1 Exacta Wager
- More Difficult Wager: One of the main disadvantages of a $1 exacta wager is that it is a more difficult wager. The bettor must accurately predict the first two finishers in the exact order in order to win the wager.
- Higher Cost: Another disadvantage of a $1 exacta wager is that it is a more expensive wager. The cost of a $1 exacta wager will depend on the racetrack and the size of the field, but generally it will cost anywhere from $2 to $6.
- Lower Payouts: The final disadvantage of a $1 exacta wager is that the payouts are usually lower than other wagers. The payout for a $1 exacta wager will depend on the racetrack and the size of the field, but generally it will range between $2 and $10.
Conclusion
A $1 exacta wager is a type of wager in horse racing where the bettor must select the first and second place finishers in the exact order. The cost of a $1 exacta wager will depend on the racetrack and the size of the field, but generally it will cost anywhere from $2 to $6. The payout for a $1 exacta wager will depend on the racetrack and the size of the field, but generally it will range between $2 and $10.
While a $1 exacta wager can provide potential for bigger payouts than a win, place, or show wager, it is also a more difficult wager and has higher costs and lower payouts than other wagers. It is important to do your research, set a budget, bet strategically, and manage your bankroll when placing a $1 exacta wager.
References
- Britten, T. (2018, June 25). How to Bet on Horse Racing. Retrieved from https://www.wikihow.com/Bet-on-Horse-Racing
- Gersh, B. (2019, April 8). Everything You Need to Know About Horse Racing Exactas. Retrieved from https://www.thebalance.com/horse-racing-exactas-betting-explained-3158203
- Millman, G. (2018, May 28). The Pros and Cons of Exacta Betting. Retrieved from https://www.horseracingsense.com/the-pros-and-cons-of-exacta-betting/
- Thompson, G. (2018, August 5). A Guide to Horse Racing Betting. Retrieved from https://www.bovada.lv/horse-racing/how-to-bet