The exacta, quinella and boxed exacta are all popular bets when it comes to horse racing and other types of betting. But what is the difference between these three types of bets? Is a boxed exacta the same as a quinella? In this article, we will explore the key differences between an exacta, quinella and boxed exacta, and explain why a boxed exacta is not the same as a quinella.
What is an Exacta?
An exacta is a type of bet in which a bettor selects two horses to finish first and second in a particular race in the correct order. If the bettor’s selections finish in the correct order, they will win the bet.
What is a Quinella?
A quinella is a type of bet in which the bettor selects two horses to finish first and second in a particular race in any order. If the bettor’s selections finish first and second in any order, they will win the bet.
What is a Boxed Exacta?
A boxed exacta is a type of bet in which a bettor selects two or more horses to finish first and second in a particular race in any order. The bettor will win the bet if any combination of the selected horses finish first and second in the race.
Differences between an Exacta, Quinella and Boxed Exacta
Now that we have discussed the basics of an exacta, quinella and boxed exacta, let’s look at the key differences between them:
Odds
The odds for an exacta, quinella and boxed exacta are all different. An exacta will usually have the highest odds, followed by a quinella and then a boxed exacta. This is because with an exacta, the bettor is required to select the two horses in the correct order, which is a more difficult task than selecting two horses in any order or selecting multiple horses in any order.
Cost
The cost of an exacta, quinella and boxed exacta will also differ. An exacta will usually cost more than a quinella, which will usually cost more than a boxed exacta. This is because with a boxed exacta, the bettor is essentially making multiple bets, which can add up to a higher cost.
Payouts
The payouts for an exacta, quinella and boxed exacta will also differ. An exacta will usually have the highest payout, followed by a quinella and then a boxed exacta. This is because the bettor is taking on less risk when selecting two horses in any order or selecting multiple horses in any order, compared to selecting two horses in the correct order.
Is a Boxed Exacta the Same as a Quinella?
No, a boxed exacta is not the same as a quinella. While both involve selecting two or more horses to finish first and second in a particular race in any order, the key difference between them is in the cost and payouts. With a boxed exacta, the bettor is essentially making multiple bets which can add up to a higher cost, and the potential payout will usually be lower than a quinella.
Advantages of a Boxed Exacta
Despite the higher cost and lower potential payout, there are still some advantages to betting on a boxed exacta. Here are the key advantages of betting on a boxed exacta:
- A bettor can select multiple horses for a single bet, increasing their chances of winning.
- The bettor does not have to pick the two horses in the correct order, making it easier to win the bet.
- The bettor can spread their risk across multiple combinations, reducing the risk of losing their bet.
Conclusion
In conclusion, a boxed exacta is not the same as a quinella. While they both involve selecting two or more horses to finish first and second in a particular race in any order, the cost and potential payout of a boxed exacta are usually higher and lower, respectively, than a quinella. Despite this, a boxed exacta still has some advantages, such as the ability to select multiple horses for a single bet, and the ease of not having to pick the two horses in the correct order.