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Horse Racing Betting Types
Exacta
With this bet you must
pick the first two finishing horses in the order
of their finish. In other words, you must pick the
horse that wins and the horse that finishes second.
Exact Box
A "box" on two
or more horses in a race means taking all the possible
combinations of those horses in each place of finish.
If you have determined that two horses are the best
in the race but you are not sure which one will
win and which one will finish second, then the safest
bet is to do the exacta box. You can box more than
two horses, but it is very important to remember
that with each additional horse you add to the box
that the cost of the wager goes up substantially.
The formula for calculating the cost of an exacta
box is (horses in box x (horses in box minus 1)
x dollar amount of bet). A $2 box of two horses
would be (2 x 1 x 2) = $4. A $2 box of three horses
would be (3 x 2 x 2) = $12. A $2 box of four horses
would be (4 x 3 x 2) = $24. As you can see the cost
of the exacta box increases greatly with each additional
horse. Also remember that you can wager a $1 exacta
box. This reduces the amount of your wager by 50%
but also reduces your earnings by 50%.
Exacta Wheels
If you are confident in
a horse winning a race, but may have several choices
as to the second place finisher, you may elect to
do an exacta wheel. If for example, you think the
#4 horse is going to win and either the #2, #5,
#7, or #10 horse will finish second, you could place
the following wager: ($2 exacta wheel the 4 WITH
the 2, 5, 7, 10). Following the same formula for
calculating the cost of the exacta wager as above
we have (1 x 4 x 2) = $8. So it will cost you $8
to do an exacta wheel with one horse to win and
any one of four horses to finish second. Another
point to note is that some horses do not like to
win. They allow other horses to pass them without
making an extra effort to win the race. This can
easily be determined by simply looking at their
past performances. If for example, their racing
record indicates that they have won one race and
have finished second six times, you may want to
place multiple horses in the win column and this
"seconditis" horse in the place column.
The previous wager might be ($2 Exacta Wheel the
2, 5, 7, 10 WITH the 4).
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