# Horse Betting: What is an Exacta?

Exacta or Exactor

At the ticket window, pick the two horses that will finish in first and second place in the EXACT order. You win your bet if the horses that you pick finish in second and first place in the precise order. The minimum amount that can be wagered is 1 but remember that payouts could be paid at half since the chances are calculated at a \$2 bet value.
Exacta Box
With an Exacta Box you’ll win your bet if the horses you select finish in second and first place in either order with as many horses as you wish.Exacta boxes they are the most popular way of playing exactas since they are easier to understand and extend the greatest chance of cashing a ticket.
It is necessary to be aware that this is not a wise betting strategy simply because all the horses at the box don’t have exactly the same prospect of finishing first or second. Your ticket may cover out in a loss.
Because exacta boxes rate each mix from the box as using the specific same probability of winning (that is not the case) they produce a bias in the exacta betting pools. It is this bias that smart bettors look for and attempt to make the most of.
Exacta Wheels
Pick a horse to finish first or second and wheel it in the exacta, you pay each mix so that if your horse finishes in the second or first position, you’ll have the winning combination.
For example, if you were to play a \$1 exacta wheel with a’key’ horse of #3 to come first, the 3 horse would have to win and any of 1,2,4,5,6,7,8 would need to complete second in order for you to cash your ticket.
Or, if you think the’key’ horse #3 has a better chance of finishing second, then you might play a \$1 exacta wheel. In this case any horse at the race could win along with the 3 horse would have to finish second to allow you to cash your ticket.
Either way, in an eight-horse area it might cost you \$7 because you are wagering 7 different \$1 exactas betting horses 3-1, 3-2, 3-4, 3-5, 3-6, 3-7, 3-8 or horses 1-3, 2-3, 4-3, 5-3, 6-3, 7-3, 8-3.
Exactas may also be performed as part-wheels where you might play with a \$1 exacta part-wheel horse #3 with two, 4, 5 (three possible winning combinations of 3-2, 3-4, 3-5) in a price of \$3. Or you might play the part-wheel the other way, 2, 4, 5 with 3 (additionally three potential winning combinations of 2-3, 4-3, 5-3) in a cost of \$3. Part exacta wheels reduce some of the bias of gambling exacta boxes.
Exacta Betting Strategies
Through handicapping you determine horse #5 includes a 50% chance of winning the race, horse #6 has a 20% probability of winning and horse #7 has a 10% probability of winning. You’ll be spending \$60 on this race.
Option 1.
You play an exactor box of 5-6-7 that is 6 exactas at \$10 each.