An exacta is where you are trying to pick the first and second place horses in horse betting. Horse racing betting exactas can be very easy to understand but there are a few different things you can do with them.
Horse racing betting exactas can begin with the simple option of picking the first and second place finishers in a race in the exact order. For example, let’s say you like the #7 and the #3 in the next race. A straight exacta in horse racing betting would be 7-3. To win the horse betting wager the horses would have to finish 7-3. The next type of exacta in horse racing betting is the exacta box. This is where you box any number of horses together into one horse racing betting wager. In that previous horse racing betting example you would box the 7-3 together and instead of a $2 wager it would now cost $4 for a $2 exacta box. Now if the order of finish was 7-3 or 3-7 your horse betting wager would be a winner. You can box as many horses as you like in the exacta but the cost goes up. Usually boxing more than five is not cost effective in horse racing betting.
The other type of exacta horse racing betting wager is the exacta wheel. You can also call this keying a horse in first or second position. For example, you could take that #7 and wheel him with the 3, 6, and 8 for a total of $6. If the #7 won in this horse racing betting example and either the 3, 6 or 8 came in second place your exacta would be a winner.
You will be able to figure out if exacta boxes or exacta wheels are worth playing because the exacta payoffs are shown at each track before the race goes off and these horse betting numbers are constantly updated. This way you don’t risk a big exacta box if the potential payoffs are not attractive in horse racing betting.