How is exacta box payout calculated?

How is exacta box payout calculated?

The Fair Payoff for an Exacta equals the size of the bet, such as a $2 Exacta, multiplied by the (win horse’s odds-to-1) multiplied by the (place horse’s odds-to-1 plus 1). The odds are each horse’s going-off win odds.

How much is an exacta wheel bet?

EXACTA WHEEL Since the exacta requires you to select the first and second horses in their exact order of finish, this would involve six combinations: 5-1, 5-2, 5-3, 5-4, 5-6 and 5-7. Instead of making all six combinations separately, you can ask for a “$2 exacta wheel, 5-ALL” for a cost of $12.

How does a wheel bet work in horse racing?

Wheeled bets allow you to wager on numerous combinations. Select more than one horse to finish in any position, and any number of other horses to finish in the remaining positions.

How much does a $20 exacta box cost?

Exacta Box

# of Horses $1 Base Bet Cost
4 $12.00
5 $20.00
6 $30.00
7 $42.00

What does a exacta box pay?

There’s no “average” payout for an exacta bet — it varies significantly depending on the race, horses, track and even the weather. If two horses who are heavily favored to compete, you’ll likely win less than $12 on a winning ticket. Larger fields will boost this to around $35.

How much is a $1 exacta box?

Exacta Box

# of Horses $1 Base Bet Cost
2 $2.00
3 $6.00
4 $12.00
5 $20.00

How do you place a wheel bet?

In a part wheel bet, you select only some of the horses in the field to finish in the remaining positions. For example, say you want to place an exacta wheel bet on a race that has six horses competing and select horse No. 1 to finish in second. In a full wheel bet, you will win if horse No.

What is a wheel trifecta?

Luckily, that’s simple – a trifecta is a bet you can make where you bet on the horses that will finish first, second and third in a race. In order to have a winning bet you not only have to pick the correct three horses, but also correctly pick the order in which they will finish.

How much is a $2 exacta box with 4 horses?

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%.

How much does an exacta box cost?

The exacta box costs more than a straight exacta because you must pay for each possible finishing combination. H = Total number of horses being boxed. C = Cost per Combination, usually $2. A 3 horse exacta box costs $12 for 6 combinations: 3 x 2 x $2.

How to calculate horse racing exacta cost?

To figure the cost: Multiply the number of horses used on top or the win position of the exacta with the number of horses used in the second position (less one if the same number is used on top in the exacta). You can also do a $1 exacta which pays half of the $2 exacta payout and therefore cuts your investment in half.

How does the Exacta horse racing wheel work?

When you select a horse to finish either first or second and wheel it in the exacta, you cover every combination so that if your horse finishes in the selected position, you will have the winning combination. Example: You like the #5 horse to win the seventh race, which has a seven horse field.

How many horses in an exacta box?

Since the exacta requires you to select the first and second horses in their exact order of finish, this three horse box example would involve six combinations: 4-5, 4-6, 5-4, 5-6, 6-4 and 6-5. Instead of making all six wagers separately, you can ask for a “$2 exacta box, 4-5-6” for a cost of $12.