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What Is a Reverse Exacta Bet in Sports Betting?

Horse Racing is one of the biggest and most ludicrous betting sports worldwide. Betting on what horse would cross the finish line first is through exhaustive and extensive research, analyzing and strategizing is the very essence of what sports betting is. And a great way to start learning and getting into such is by Exacta bets — but what is an Exacta Bet?

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What is an Exacta Bet?

To know what an Exacta bet is, it is vital that we break down the semantics of the betting term. The word ‘Exacta’ means to select the first two horses to cross the finish line in the right order. Having that said, an Exacta bet is essentially betting on the first two horses that would finish the race, in the right order.

An Exacta Bet requires bettors to bet a minimum that ranges from $1-$2 for every starting bet. A wager can be made depending on the availability of the bet on your favorite bookmakers, meaning you don’t need to show up to a race track just to wager on an Exacta.
The payout of Exacta Bets varies greatly depending on the type of Exacta. A normal Exacta bet could turn a single $2 bet into almost $1,000. In 2009 at the Kentucky Derby, a bettor lucked out on a 50-1 runner bet resulting in a hefty payout of more than $2,000 after horse Mine That Bird beat out Pioneer of the Nile ranking them 1st and 2nd, respectively.

Besides the usual Exacta Bet that every Horse racing-crazed bettor knows and loves, there are also other variations of the bet such as the Reverse Exacta bet.

What is a Reverse Exacta Bet?

As it name suggests, a reverse Exacta bet is a combination type of Exacta bet wherein you wager on two horses finishing first and second alternatively. To put it into perspective:

BET A – HORSE A FINISHES 1ST, HORSE B FINISHES 2ND
BET B – HORSE A FINISHES 2ND, HORSE B FINISHES 1ST

is how reverse exacta bets go, two selections and two bets. The stakes aren’t that much different from the usual exacta bet as $1 reverse exacta bets would mean $2 in wagers as there’s twice the bet. Even with twice the money on the line, reverse exactas are just a strategic way to bet as it boosts the odds of winning bar none.
There are also other ways to do your Exacta bet like Wheel Betting, Boxed Exacta Betting, and Tote Exacta Permutations, Reverse Exacta is just one of the many ways of doing it. If you are a bettor and you have full faith in your horses to finish top 2 in the race, then surely Reverse Exacta Betting is the way for you to go.
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