- The exacta market requires you to predict two events: the horse that finishes in the 1st and the horse that finishes in the second. To succeed, you need to estimate the likelihood of these events occurring. While odds can serve as a starting point, they show the probability of each horse winning. Start researching and selecting a horse that has a high chance of winning. Then look for the next best one. Finding these horses requires a lot of research and knowledge about horse racing and also the history of these horses.
- Now you know the various bet types of exacta, including the wheel and part wheel bets. But while betting, it is important to know what bet to place when To maximize the value. Consider a part-wheel exacta bet in a seven-horse race, where you choose two horses to finish first and three horses to finish second. With a $1 exacta bet, the total bet would be $6. If your selected horse has odds of 4/1 and 5/1 to win, and payouts for all combinations range from $15 to $30, the maximum return on your $6 bet would be $30. However, if you are very confident in your horse, you should consider a key exacta bet instead. You should learn what bet to place after analyzing the race.
- Exacta betting allows you to cover multiple outcomes at the same time and generate a profit. Adjusting your stake to the difference in outcome can be a great overlooked strategy. Consider a race with two strong contenders and a longer-shot horse. You believe the two favorites, priced at 3/1 and 4/1, have a high chance of finishing first and second, while the longer-shot horse priced at 15/1 has a smaller but still plausible chance of placing second. To maximize your return, set the bet accordingly. For example, if you are betting $12, put $8 on the 3/1 and 4/1 exacta combination, and $4 on the 3/1 and 15/1 combination.
Now you know all about exacta betting, what an exacta bet is, and the types of exacta bets that are there to be placed, along with how to place them. Carefully consider the tips that we have mentioned in this article too while placing the bet.
