exacta box payout
You select horse 5 as your key, and add the other three horses to your tickets. Exacta and exactor bets are two names for the same type of bet. The following are the three main types of exacta bet, with the requirements for each explained in detail. Because trifecta bets have such long odds, not as many people buy tickets for these kinds of bets. These are bets in which you select two horses that you think will finish in the top two slots. Like the quinella bet, an exacta bet is anything but one-dimensional — don’t worry, we’ll be comparing those two types of bets and clearing up a few misconceptions later on. Exacta box with horse 4 and horse 5 to finish first and second in any order = $4 minimum bet. Larger fields will boost this to around $35. The lower bet size coupled with greater odds for success make this a prime option for bettors looking to maximize their odds of getting a payout. The official winning numbers are those selected in the respective drawings and recorded under the observation of an independent accounting firm. These bets allow you to select more horses that you think will finish first or second. No. Unlike the popular quinella bets, exacta bets require you to select the correct finishing order of the top two horses. So, say you think horses 5 and 8 will win and place. There is simply no sport in the world quite like horse racing. You pick two horses and the order in which you believe they’ll win and place. This will substantially increase the odds of getting a payout, with the downside of exponentially increasing your bet size. After considering the differing odds between the two, the payouts typically don’t vary too much. If you’re right, you win. From a basic flutter and beyond, there are countless ways for you to bet on the big (and not so big) races out there. Most race tracks pay out exacta bets in $2 increments, starting at the minimum of a $2 payout. There’s no “average” payout for an exacta bet — it varies significantly depending on the race, horses, track and even the weather. Exacta keys are a popular way to maximize your chances of winning. Exacta Box. If it sounds simple, that’s because placing a straight Exacta bet pretty much is. If you get the order wrong, you lose, even if they both win and place. If you decide to go with two horses over four horses in an exacta key bet, then you’ll still have to pay $12, with an increment of $2 thereafter. Who won the 2020 Belmont Stakes? The prizes below are based on a $1 play amount. This type of exacta bet won’t limit you to the number of horses, but the significantly increasing odds of success are reflected in the price scheme for placing such bets. We highly encourage you to check your state’s laws on online gambling before you go placing bets. Quinella bets are often appealing to punters who are new to exotic bets, because the order in which their chosen horses finish does not matter at all. The format is as follows: You place a 3-6 exacta bet for $2. Find out the Belmont results and the betting payouts for exacta, trifecta and superfecta wagers. 3 to win, and horse No. Stakes start at $1 in some places, and $2 in others. You must also file a claim form for any winning Lottery ticket older than 180 days and greater than $100. For more details, see the official Derby Cash game rules. Each combination counts as a $2 bet. The retailer may pay valid lottery prizes up to and including $2,500 per ticket. For the Win/Place/Show, Quinella, Trifecta (includes Trifecta, Trifecta Box and Trifecta Wheel), Exacta (includes Exacta, Exacta Box and Exacta Wheel), and Superfecta (includes Superfecta, Superfecta Box and Superfecta Wheel) Bet Types, the probability and prize payout are derived from each horse’s probability of placing 1st. If you place a $2 exacta box with both combinations, that will cost you a total of $4, because it means that both combinations of showings can net you a payout rather than just one. What is the minimum stake on an exacta bet? This will cost you $12. This horse will serve as a common thread in a number of bets with different combinations of horses that you think will win. A winning Exacta Bet from the 2009 Kentucky Derby generated an even bigger $2,074.60 payout when 50-1 runner Mine That Bird beat Pioneer of the Nile. While you might have to crunch the numbers, there is nothing to fear with exacta bets; it just takes a little knowledge to get the best out of them. While the house might vary the percentage take between the two formats, in most cases exacta winds up costing you more. Exacta bets are when punters select two horses that they think will win and place, as well as the order in which they do so. In some places, the cost of the two has been equalized to account for the extra tickets exacta bets need to achieve the same odds of payouts as quinella bets. If two horses who are heavily favored to compete, you’ll likely win less than $12 on a winning ticket. A $2 Exacta box on three horses costs $12, as it’s covering six combinations. If you’re feeling lucky, you can bet on a “dark horse,” which can yield returns in excess of $1,000. If you place a $2 bet on a combination of three horses, this will now set you back $12 instead of $4. One key reason is because the lowest bet you can make is fixed at different amounts. A $2 exacta box of the same three horses (2-3-4) would cost $12, twice as much as a $1 exacta box, but would also offer the full $2 exacta payout as displayed on the tote board. 9 Dr. Post (7-1) finished second, meaning the winning exacta box combination was 8-9. Exacta bets used to require a $5 minimum versus just $2 for quinella, but this rule has been relaxed in some places. If the reverse happens, you win nothing. calculating a fair exacta payout; my art; the probability of a horse winning is (1/(odds+1))/ the races total book percentage . Check out the chart below to see the prizes and chances for all possible outcomes. You might think that horse 5 is the best, but horses 2, 6 and 8 might also be good choices to place. If you’re gambling online, the minimum amounts are the same as if you were betting in-person. Facebook Twitter Instagram YouTube Flickr RSS, © 2020 PA Lottery A player’s chances of winning can be increased based on the addition of more horses in a Box or Wheel bet, but each additional horse increases the player’s total cost by the underlying play amount for each additional horse selected. You can box your exacta bets to neutralize the odds, but this will cost you additional money for each bet you place. If you place a $2 exacta box with both combinations, that will cost you a total of $4, because it means that both combinations of showings can net you a payout rather than just one. The same win for a $2 play will result in a $10 prize. An exacta wheel bet involves bettors picking at least one horse that they think has what it takes to win reliably. A $2 Exacta Box on four horses would cover 12 combinations and cost $24. The $2 exacta dished out a whopping $3,009.60, the $1 trifecta produced $11,475.30, and the $1 superfecta topped them all with an astounding $51,400.10. Please Play Responsibly. The prizes below are based on a $1 play amount. If you’ve moved beyond the win, place and show side of betting — and we’re sure that if you are reading this article you likely have — it’s time to increase the potential returns with something more exotic or “exact.”. The sky’s the limit when it comes to exacta bets, and if you have a “go big or go home” attitude, you can make an exacta wager to rake in the cash. "The trademark 'Cash For Life' and 'Cash 4 Life', reg. While victory is virtually guaranteed with such odds, you’ll actually lose a lot of money making such a bet. In this scenario, any two of the three horses you bet on can win and place, and you’ll still get a payout. Here is a quick example of how the pricing scheme would work, as the cost scales exponentially with each horse you add to your betting pool: Since the cost does not scale linearly, it rapidly reaches the point where the cost of adding more horses onto your bet does not overcome the increased odds of winning. Alternatively, you can skip combinations that are less likely to pay out, and adjust your betting strategy accordingly. Good news — you don’t need to be at a major horse racing track to make exacta bets. If you place a $2 exacta key bet, then you will pick one horse to win in each race, and all the others must place. Exacta bets usually attract more bettors, but the risk/reward ratio of trifecta bets attracts some people who might have otherwise bet exacta on a race. Here are the calculations you’ll be looking at should you be looking at making an exacta bet: Due to the superficial similarities between the two bets, a lot of gamblers find themselves confused as to the difference between exacta and quinella bets. Once we start including more horses than that, the costs grow exponentially. This gives you a prime opportunity to inspect for possible overlaps or advantageous combinations of horses. If you choose horse 3 and horse 5, they can finish in either order and give you a payout, so long as they both take the top two spots. Quinella and exacta tickets both cost $2, but getting the same “coverage” with exacta bets requires you to buy two tickets rather than one, effectively doubling the cost to play with the same odds. This increases your odds of success, but it also increases the cost of placing a bet. On the surface, they appear to be the same — so why would a bettor choose one format over the other? The reason the exacta box costs more is because it is actually two tickets. This is an example of how to play a horse with low odds in a big field: if you liked the favorite and placed a $1 exacta key with Always Dreaming on top and the rest of the field in second, your bet would have cost $19 and would have paid $168. Kentucky Derby Betting Payouts: Win, Place & Show The following data is courtesy of NBC and is based on a $2 bet. However, in the 2016 Kentucky Derby, the favorite Nyquist beat the second favorite Exaggerator and the Kentucky Derby Exacta returned just $30.60 for each successful $2 exacta bet. In addition, the payouts are also determined by how much money was paid into them by all the combined bettors. Take your winning ticket to a PA Lottery Games retailer to validate. A $2 exacta paid out $19.60. Exacta bets, also referred to as perfecta or exactor bets, involve a bettor choosing two horses he thinks will place in the top two positions. For the Win/Place/Show, Quinella, Trifecta (includes Trifecta, Trifecta Box and Trifecta Wheel), Exacta (includes Exacta, Exacta Box and Exacta Wheel), and Superfecta (includes Superfecta, Superfecta Box and Superfecta Wheel) Bet Types, the probability and prize payout are derived from each horse’s probability of placing 1st.
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