An Exacta is an exotic bet type that requires the punter to correctly select the horses that finish 1st and 2nd, in order. Picking the order correctly is what distinguishes an Exacta from a Quinella, with the latter requiring the punter to pick the first two horses home, in any order. How much does an Exacta cost? 66 synonyms of exact from the Merriam-Webster Thesaurus, plus 113 related words, definitions, and antonyms. Find another word for exact. Exact: being in agreement with the truth or a fact or a standard. Synonyms: accurate, bang on, correct Antonyms: false, improper, inaccurate Find the right word.

Quinella wagers are is a member of the exotic horse racing betting family, closely related to the Exacta bet. In a Quinella, however, the bettor is selecting two horses to finish first and second, in any order, rather than in an exact first-place + second-place order.

A somewhat experienced horse racing bettor might argue the need for a Quinella wager, when an Exacta Box would be the same. An Exacta Box allows the bettor to choose two horses, and bets on either finishing order. Isn’t that what the Quinella does? Yes, but the price may vary.

See, an Exacta Box requires an additional bet for every possible winning combination. With a minimum bet of $2, the total bet would be $4 for an Exacta Box. With a Quinella, the bettor may choose to place the minimum $2 wager on both possible finishing orders. As the bet is halved, the payout is generally halved as well.

What is Quinella Horse Racing Betting?

Quinella horse racing betting is when the bettor chooses two horses to finish the race in first and second place, in any given order. So long as both horses take the Win and Place positions (first and second), the bettor collects.

For example, $2 Quinella (5-8) is a bet on horse #5 and horse #8 to Win and Place in the race. Whether it ends 5-8 or 8-5, the bet is won. If horse #5 and/or horse #8 do not finish in first and second place, the bet is lost.

The payout of Quinella horse racing bet is relevant to the amount of money that has been wagered on Quinella and Exacta bets involving the same horses, compared to those placed on other horses. In essence, the more favored your picks are to win, the lower the payout will be. Choosing lees favored “long-shots” will pay out more on a winning Quinella.

The Quinella payout is typically 50% of the Exacta payout on the same two horses.

Types of Quinella Horse Racing Betting

Quinella horse racing betting comes in three forms:

• Straight Quinella
• Quinella Box
• Quinella Wheel

Straight Quinella Horse Racing Betting

The Straight Quinella is the same horse racing bet defined above. It is a single wager on two horses to finish first and second in any order.

Quinella Box Horse Racing Betting

The Quinella Box is a more involved form of horse racing betting where the bettor chooses more than two horses, paying more for each possible top-two combinations. Each combination cost an additional $2 minimum bet.

For example, you place: $2 Quinella Box (5-8-3). This is a $2 Quinella on 5-8, another $2 Quinella on 5-3, and a third $2 Quinella on 8-3; a total $6 bet.

You can include as many horses as you wish in a Quinella Box, but the price will escalate with each horse added.

• 4 horses = $12
• 5 horses = $20
• 6 horses = $30
• 7 horses = $42
• 8 horses = $56

Quinella Wheel Horse Racing Betting

The Quinella Wheel is much like the Quinella Box except that the bettor is choosing one horse to be in all bets, with other horses to be combined. If the bettor is certain that horse #2 will finish in first or second, but isn’t so sure who will join the horse in the other position, he can use Quinella Wheel horse racing betting to cover all possibilities.

If the bettor believes horses #5, #8 and #1 all have a good chance of finishing with horse #2, the following Quinella Wheel bet would be made: $2 Quinella Wheel 2, with 5-8-1.

It becomes a total $6 bet on the following Quinella combinations: 2-5 or 5-2, 2-8 or 8-2, 2-1 or 1-2.

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'Give me a $20 exacta, 3-7. I have have this in the bag.'

What is an Exacta, Exactor or Perfecta?

They are all one in the same.

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 you pick finish in first and second place in the EXACT order.The minimum amount that can be wagered is $1 but keep in mind that payouts would be paid out at half as the odds are calculated at a $2 bet value.

Exacta Box

With an Exacta Box you will win your bet if the horses you pick finish in first and second place in either order with as many horses as you wish.

The minimum amount that can be wagered is $1 per combination. So a 2 horse exacta box at $1 will cost a minimum of $2. A further breakdown:

Exacta boxes they are the most popular method of playing exactas because they are easier to understand and offer the greatest chance of cashing a ticket.

It is important to note that this is not a wise betting strategy simply because all of the horses in the box do not have the same chance of finishing first or second. Your ticket may pay out at a loss.

Because exacta boxes rate each combination in the box as having the exact same probability of winning (which is never the case) they produce a bias in the exacta betting pools. It is this bias that smart bettors look for and try to take advantage of.

Exacta Wheels

Pick 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 first or second position, you will 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 have to finish second in order for you to cash your ticket.

Or, if you think the 'key' horse #3 has a better chance of finishing second, you might play a $1 exacta wheel. In this case any horse in the race could win and the 3 horse would have to finish second in order for you to cash your ticket.

Either way, in an eight-horse field it would cost you $7 as you are wagering 7 separate $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 can also be played as part-wheels where you might play a $1 exacta part-wheel horse #3 with 2, 4, 5 (three possible winning combinations of 3-2, 3-4, 3-5) at a cost of $3. Or you might play the part-wheel the other way, 2, 4, 5 with 3 (also three possible winning combinations of 2-3, 4-3, 5-3) at a cost of $3. Part exacta wheels reduce some of the bias of betting exacta boxes.

Exacta Betting Strategies

Through handicapping you determine horse #5 has a 50% chance of winning the race, horse #6 has a 20% chance of winning and horse #7 has a 10% chance of winning. You will be spending $60 on this race.

Option 1.
You play an exacta box of 5-6-7 which is 6 exactas at $10 each.

Option 2.
You play an exacta part-wheel keying #5 to win with 6, 7 and a second part-wheel with 6, 7 with keying #5 to place which is 4 exactas at $15 each.

Option 3.
You play an exacta part-wheel keying #5 to win with 6, 7 and a second part-wheel with 6, 7 with keying #5 to place based on the winning percentages you determined through handicapping: #5 at 50%, #6 at20%, and #7 at 10%.

Lets break it down by risk vs reward.

Option 1
The exacta box rates each possible combination as having the same probability of winning, which according to your handicapping is not correct.

Option 2.
The part-wheel in this case is more efficient, leaving out the less probable combinations of 6-7 and 7-6, but still rating both the 6 and 7 horses as having the same probability of winning or finishing second.

Option 3.
Offers the highest risk/reward ratio as determined #5 at 50%, #6 at20%, and #7 at 10%.

The results:
You killed it! The race ran exactly as your handicapping said it would – the 5 horse won and the 6 horse ran second. The $2 exacta 5-6 paid $20 so your returns are $10 per dollar wagered. Let's see your possible payouts:

Exacta Bets In Horse Racing

Option 1. Exactor Box
$10 exacta 5-6 pays $100. $100 - $60 ticket cost = $40 Profit

Option 2. Part Wheel
$15 exacta 5-6 pays $150. $150 - $60 ticket cost = $90 Profit

What Is An Trifecta

Option 3. Part Wheel correlated to probabilities.
$30 exacta 5-6 pays $300. $300 - $60 ticket cost = $240 Profit

The final exacta wagering strategy, which places more money on the higher probability combinations as identified by your handicapping.

Horse Racing Exacta Box

Due to bias in the exacta pools, it is best to avoid combining favorites or long shots in your exactas. The best payouts are for two medium-priced horses.