Placing your money on multiple bets in an event is not unusual in sports betting. But bettors should have a full understanding of the intricacies of such a category before taking a chance to boost their own bankroll.
A bettor who places his money on the first two positions in a race, particularly in horse racing, is someone who’s taking on an Exacta Bet. Also known as an Exactor or a Perfecta bet, a punter can win if he or she backs on the horses they wagered to finish first and second, in that exact order.
Let this blog provide non-horse racing bettors and new punters with a guide to explore an intriguing way to place their money on their favorite jocks. Punters should also plot a strategy that works to add funds to their bankroll and sustain a long-term sports betting experience.
NO SHORTCUTS TO WINNING AN EXACTA BET
Unlike the lottery where a bettor can win the jackpot with six correct numbers regardless of their arrangement, the Exacta bets can only be won if their horses finish in the top two in that exact order. No payouts will happen if the exact arrangement doesn’t happen.
Other bettors resort to placing multiple bets where they bet one horse to win (finish first) with others to finish in second, then reverse it for that horse to finish second. This is only an effective strategy if the punter is positive that a particular horse will come in first or second.
Punters are reminded that if the race in question has a non-runner, the repercussions of this will depend on how many horses have been included in their bet. A non-runner would deem your whole bet void for Straight Exactas.
LOW MINIMAL STAKES, HIGH RUNNERS IN EXACTA BETS
Among the advantages of taking on an Exacta Bet is that it is ideal with a high number of runners, while these bets have the lowest minimal stakes.
The odds for Exacta bets are often high, making the payout potentially huge. Bettors only need to be successful at certain times to return a profit.
When a bettor sees the odds listed for horses in a race, these are usually the win odds. If a horse, for example, is listed at 4 to 1, it means a bettor will win $4 for everyone that he or she bets if they bet that horse to win. The odds on Exacta bets are completely independent of those listed win odds.
PLACE EXACTA BETS WITH CAUTION
Like any other kind of bet, placing money on an Exacta bet also comes with risk and caution.
Bettors who predict the precise outcome of a horse race also come with a great deal of difficulty, so you have to be smart while doing research on your favorite horses.
It is also very likely that an Exacta bet will result in numerous unsuccessful bets while employing a good strategy does not guarantee a win for your bankroll. Winning an Exacta bet also requires a huge amount of luck and timing to succeed.
CHECK OUT SEVERAL EXACTA BETTING SYSTEMS
There are betting systems punters can choose from to boost their chances of winning. The Exacta Wheel bet involves picking sets of horses to finish either in first or second place. Punters can get increased chances of their bets with this strategy since they can pick multiple horses to finish in each position through this bet.
An Exacta Box bet, on the other hand, allows for multiple bets to be placed on a single bet slip. It is possible for you to add a third horse to your bet slip under this strategy but this will drive up the price of your original bet.
Tote Exacta betting allows bettors to place multiple bets within one overall bet. If you are placing a boxed exacta on five horses, for example, this will actually consist of 120 different bets. In your bet slip, however, this will be covered in one overall bet.
A Reverse Exacta bet means that a bettor will be placing money on who will finish in the first two places in a horse race. But unlike in a straight Exacta bet, the horse you backed does not need to finish in exact order. This means that a Reverse exacta bet consists of two selections and two bets. A £1 reverse stake, for example, would come to a total of £2.