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What is an exacta bet?

Author

Emma Payne

Published Jan 23, 2026

Exacta Definition and Overview

The definition of an Exacta is to select the first two finishers in a horse race in exactly the right order. Exacta betting is available on the most famous races like the Kentucky Derby, the Preakness Stakes, the Belmont Stakes and almost every other horse race in the world!

How does a exacta bet work?

Banker Exacta - If you're confident that a runner will be first past the post, a "Banker" Exacta allows you to select one horse to finish 1st, and multiple other runners in your 2nd place selection. For this to be a winning bet, your Banker must win the race, and any of your other selections must finish the race 2nd.

Is Exacta a good bet?

Also known at some tracks as the exactor or perfecta, exactas are attractive betting propositions to many players because of the potential for large payoffs. Exacta wagering also offers an opportunity to make a good profit on race in which a heavy favorite makes win betting a poor value proposition.

How do I win an exacta bet?

Straight exacta

You pick two horses and the order in which you believe they'll win and place. If you're right, you win. If you get the order wrong, you lose, even if they both win and place.

What would an exacta pay?

The short answer – a lot. A $2 exacta with second-place finisher Epicenter paid $4,101.20. A $1 trifecta paid $14,870.70, and the $1 superfecta paid a cool $321,500.10.

20 related questions found

How do trifectas work?

While the straight trifecta involves picking exactly three horses to finish a race in first, second, and third place in that precise order, a trifecta box can include three or more horses and covers all possible winning combinations.

How do you calculate exacta?

A box exacta is calculated by multiplying the number of selections for first by the number of selections for second, minus one.

What's the best bet in horse racing?

Betting a trifecta means selecting the top three finishers in order. It's hard, but it pays a lot more than an exacta. In 2019, with third-place finisher Tacitus figured in, a $2 bet paid $11,475.30. The superfecta is the granddaddy of them all, one of the most difficult wagers to win in horseracing.

How do you win trifectas in horse racing?

In horse racing or greyhound racing, a Trifecta bet is when you place a bet on the three horses which you think will finish the race first and second and third, in a specific order. If they finish in the correct order you win, and you can win big!

What's the difference between exacta and quinella?

An exacta is similar to a quinella in that it involved the first two horses, but with the Exacta you must pick the first two horses in the exact finishing order. You might choose the Exacta over a Quinella if you think one horse has a clear advantage over your second pick.

Does exacta pay more than quinella?

No question the exacta is the better play, paying out roughly 30 percent more. Yet, if used a $5 Exacta Box (two $5 bets) versus a $10 quinella wager and the same 7-1 horse won and the favorite came in second place, the quinella would pay out approximately 15 to 20 percent more.

What is the difference between exacta and trifecta?

Exacta: Pick the first place and second place finishers in order. Trifecta: Pick the first place, second place, and third place finishers in order. Superfecta: Pick the first place, second place, third place, and fourth place finishers in order.

What is an exacta on tab?

An Exacta bet type is similar to a Quinella, however you need to select the 1st and 2nd runner placed in the correct order. Exacta bets are available as a Standard, Boxed, Banker or Multi Selection. Note: Exacta is a Fixed Odds product. Dividends are fixed prior to bet placement. Final Field Top3.

How do you bet trifectas?

Similar to the exacta, a trifecta bet is also quite a popular wager among horse racing bettors and folks who bet only bet the ponies a few times a year. For this wager, the punter tries to correctly predict the exact order of finish for first, second and third place in a single race.

What is exacta key box?

Exacta Box Betting. An exacta bet box is a way to bet on two or more horses to finish in first and second place in a race.

How much does it cost to Box 5 horses in a quinella?

If you were to select five runners in your boxed quinella, this would cost $10 for a $1 unit. Standard: This is simply selecting two runners only in your selections. Both runners must either finish first or second in any order.

Can you reduce the cost of a boxed bet?

Betting application

It is recommended to use the flexi betting option when placing box trifectas, as it allows you to reduce the cost and therefore risk of your bet.

What is daily double in horse racing?

A daily double is a parimutuel wager offered by horse and dog racing tracks (and at jai alai frontons) in North America. Bettors wager on the winners of two races, pre-designated by the track for a particular race day. The Daily Racing Form's glossary defines a daily double as two consecutive races.

What post position was Rich Strike?

Rich Strike went off with 80-1 odds to win the race after starting in the 20th post position, the farthest on the outside. He is just the second horse to win the Derby from that starting spot. Epicenter placed second after going off as the favorite, and Zandon finished third.

What is the biggest bet on the Kentucky Derby 2022?

The 2022 Kentucky Derby took in the highest betting handle in the history of the Triple Crown race.

What did Rich Strike pay for winning the Kentucky Derby?

This is the most unbelievable day ever possible.” Rich Strike, who won by three-quarters of a length and covered the mile and a quarter in 2 minutes 2.61 seconds, rewarded his believers with a whopping $163.60 on a $2 bet to win. Only Donerail in 1913 won the Derby with longer odds at 91-1.