This is the third part of seven articles that will cover the essentials to betting on horses. Wagering on horses is one of the most exciting betting opportunities available in the gambling world today. Every where you look offshore they are starting racebooks that give the bettor the option to wager on horses at nearly any track at any time around the globe. To take advantage of this new phenomenon Bang the Book.com has established a series of articles that will chronicle the basics of betting on horses all the way up to the most complicated of wagers. In part three of this series we look at how to bet the Exacta.
The Exacta is by far the most popular bet in the horse racing world and thousands of dollars are bet daily on exacta wagering. The Exacta is an “exotic” wager and is simply defined as picking the first two horses to win a race. Like some of the other exotic wagers there are three types of exacta wagers; the straight, the boxed, and the wheel.
The straight exacta is simply picking the horse that will finish first and the horse that will finish second in the exact order. There is no deviation to this wager and it will cost you two dollars for a straight ticket. This will have the higher payout odds but will be the hardest to hit. A horse bettor that is very confident of the order of finish should be the only bettor to place this type of bet while others should look at the boxed wager and the wheel wager.
The boxed exacta is selecting more than just two horses to finish first and second and the order of finish is not relevant. For example if you believe that the 1 horse and the 2 horse will finish first and second if you put them in an exacta box then they could finish in any order. In essence you are placing two bets the 1, 2—and the 2, 1. Therefore the bet will cost four dollars and not two dollars. With a boxed exacta the horse bettor can include more than just two horses. However when the number of horses increase so will the price of the ticket. To include more horses will cost more but will increased the odds of winning. Finally if the boxed wager is not what the bettor is looking for with the exacta they can use the last option, the wheel wager.
In an Exacta wheel the bettor is selecting one horse that they believe will finish first and they wheel it with other horses that they believe will finish second. For example if the bettor believes that the 1 horse will finish first but not sure of the horse that will finish second the 2 or the 3 horse an exacta wheel would be placed. The exacta wheel wager would be 1 with a 2,3. This would mean the 1 horse has to win but then either the 2 horse or the 3 horse could finish in second place for the ticket to be a winner. If the bettor includes three horses on the wheel then the ticket would cost six dollars but the odds of winning would increase. The trick is to increase the odds of winning the wager without spending too much on the ticket that the cost of the ticket will out weigh the winnings.
This part of the series covered the exacta wager. It covered the three types of wagering the straight, the boxed and the wheel. It covered the way to place the wagers, the odds to win and the possible payouts for all of the types of Exacta’s.
This bet is common and available at all of the best sportsbook in the industry today to include Boomaker.com, Diamond Sports International, and Bet Jamaica, 3 of the top five online racebooks as listed by Bang the Book.com. If this is your first time trying this wager it is highly suggested that the bettor uses one of these racebooks for the safety, security and professionalism they provide.
Below are some additional exacta box calculations with costs:
· $1 exacta box of 3 horses = 3 x (3-1) = 6 combinations x $1= $6
· $1 exacta box of 4 horses = 4 x (4-1) = 12 combinations x $1 = $12
· $1 exacta box of 5 horses = 5 x (5-1) = 20 combinations x $1 = $20
· $1 exacta box of 6 horses = 6 x (6-1) = 30 combinations x $1 = $30
· $1 exacta box of 7 horses = 7 x (7-1) = 42 combinations x $1 = $42
· $1 exacta box of 8 horses = 8 x (8-1) = 56 combinations x $1 = $56
Now that you are familiar with Exacta betting the next part of the series will cover the Quinella wager.
Next: Part 4 — Quinella Betting
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