The Exacta Bet is the best place to start learning about betting. It belongs from the category of Exotic Bets. Through betting you can win big amount while investing a little one. The exacta bet will place, when you choose your front two finishers in the race in exact order. Exacta bet can be placed on famous horse racing events like Kentucky Derby, The Preakness Stakes, These are some well known championships and best place to bet on breeders cup!submitted by vickarkahn to horseracing [link] [comments]
The making of Exacta Bet
You can place your exacta bet on race track or also as OTB (Off-track Betting) via online betting sites and also see every update on those sites. The minimum stake value for an exacta bet is $1 and $2 on some race tracks. Betting online is completely legal in some countries i.e. you just need ensure your safest place and bet placing website. There are unlimited bet winning in exacta. For example if you place a bet of $2 and your exacta is correct you will be pay off multiple times. There can be seen different exacta pay off for different Championships. Nyquist, Exaggerator and The Kentucky Derby Exacta pay off just $30.60 for each successful $2 bet. On the other hand, an exacta bet from 2009 Kentucky Derby pays off unto $2074. So, we can’t determine the exact value, it’s all depends on number of bets.
Straight Exacta Bet
Straight exacta bet is same as exacta. A bet is placed on two horses in their exact finishing order as defined above. For example, straight exact bet of $2 is placed then it looks as: $2 Exacta (1-5) which states that $2 exacta bet is placed for #1 to finish first (win) and #5 for second (place). It can also be understood by win and place like combination of both.
Exacta Box Bet
For exacta you need to select two horses 1st and 2nd in exact order of their finishing but in box exacta you just need to select your horses order does not matter it may be 1st and 2nd or its vice-versa. And box exacta also allows you to select more than two finishers. For example if you select 4 runners, then any two of need to finish in any order and there will be twenty-four possible outcomes which will cost you total $24 in $1 boxed exacta.
For example, if you bet on #2 and #7 to finish 1st (Win) and 2nd (Place), then their order does not matter in exacta box but cost of you bet will be $4. If you also think that number 8 is also good and can be 1st or 2nd finisher then, you are allowed to add third horse in box exacta, your bet look as Exacta 2-7-8 and your probability of bet winning will be increased. There will be total 6 possible outcomes which are 2-7, 2-8, 7-2, 7-8, 8-2 and 8-7 which cost you total $6. I would like to define simple mathematical formula for this confusion which is Factorial of Number of Horses like there are 3 numbers of horses in exacta box then it will be (3! = 3*2*1= 6).
Exacta will pay you on the basis of total no. of betting. It contains like a simple Collection and distribution among total number of wager and bet winners.
For a particular race a total of 1000 $2 Exacta tickets are purchased for a race. Then from the prize pool the income generated. So the prize poll has $4,000 due to the multiplication of 2,000 x $2. The 50 tickets which were sold have the perfect finishing order of the first two horses. Every successful winning ticket gain equal share of the prize pool. At the end, if we divide the total money of prize pool by total wins then every winning ticket recovered $80. For example - $4,000 / 50 = $80
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