exacta betting formula

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Exacta betting formula sports betting casino

Exacta betting formula

Otherwise, the wager is a gamble, not an investment. Gambling is losing, investing is winning. Finally, racing is structured on the parimutuel system, i. Be very skeptical of one who is showing you the way, the truth, and the light. What about betting post positions only? Thank you for staying updated with the AGameofSkill. This site uses Akismet to reduce spam. Learn how your comment data is processed. Enter your email in the box above and click "join today" to:. Meet the Founder.

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Thu Fri Sat. Learn to Handicap. Enter your horse racing keywords below:. 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. Some players like to bet exactas not only because of the potential for high payoffs, but also because the tote board at most racetracks will show the probable exacta payoffs before a race runs.

Being able to see what you can win before a race runs is a very appealing option to many bettors. The second and most popular exacta wagering strategy is an exacta box combining 2 or more horses to finish first or second in either order. You can box as many horses as you like in an exacta, but this is not generally a wise betting strategy simply because all of the horses in the box do not have the same chance of finishing first or second.

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

The third method of playing exactas is to wheel one horse or more than one horse in one position with any number of horses in the other position. 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 a ticket. 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 a ticket. Exactas can also be played as part-wheels, which differs from a full wheel in that you do not use ALL the horses in one part of the wheel.

While exacta wheels and part-wheels are not quite as inefficient as boxes, they still leave room for improvement, which brings us to our preferred exacta betting strategy. Your handicapping tells you that horse 5 has a 50 percent chance of winning the race, horse 6 has a 20 percent chance of winning and horse 7 has a 10 percent chance of winning.

Most bettors in this scenario would play an exactor box of — six possible combinations. Other bettors might play an exactor part-wheel wheel of 5-with 6, 7 and an additional part-wheel of 6, 7 with 5 — four possible combinations.

The exactor box rates each possible combination as having the same probability of winning, which according to your handicapping is not correct. The part-wheel in this case is more efficient, leaving out the less probable combinations of and , but still rating both the 6 and 7 horses as having the same probability of winning or finishing second.

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There was enough in the bet to have reversed the exacta as well, to have my selection to win and the favourite to get 2nd an even bigger dividend was in the offing. The idea of reversing like this has to be carefully thought out. The following is a plan for the exacta when you have a standout chance. You stand a good chance of landing the exacta, and you have the win bet up. When betting favourites in exactas, or quinellas, there are things to remember. Short priced favourites are usually overbet for 2nd in quinellas and exactas.

These favourites automatically make good standouts to win but are mostly best ignored for 2nd place. American form analyst Kenneth Strong has some interesting views on exactas. Also, similar to win betting, if an exacta or quinella payoff listed on the tote before the race is lower than you think it should be, it represents poor value and should probably be left alone. These types of combinations often pay lower than they should.

Another type of exacta bet that often pays less than it should is the combination of two longshots. The latter almost always produces payoffs higher than it should. It makes sense. Even in big fields, this is not an overly costly bet. For example, the field has 16 runners. And of course you can use Flexibet to reduce the bet further if you wish you get a percentage of any payout depending on how much you bet.

Should a roughie arrive in 3rd slot, you could be in for a big payout. Finally, a look at the approach of the US form analyst Gordon Pine. Trained by St Gold Coast trainer Leon Morton left Doomben aiming for the stars after his leg-troubled galloper Mr Slick returned to winning form with an action-p Trainer Gai Wate Melbourne Cup winner Viewed will remain in Sydney for a trio of autumn Group One races with trainer Bart Cummings happy with the entire's soft barr Shaun Dwyer is hoping for a winning farewell at one of the few remaining meetings he has left as a trainer in Queensland ahead of his move to Victo Racing officials have put the starting time of Saturday's Rosehill meeting back more than an hour due to the heatwave forecast for Sydney over the Impressive debut winner Killian has inherited the precociousness of his dam Preserve but whether he can learn quickly enough to be a Blue Diamond c Talented filly Manaudou did everything right in her maiden win at Eagle Farm to convince trainer Kelso Wood bigger things might be in store during While the quinella remains a favourite bet with Aussie punters, its close relative, the exacta, is making ground and becoming more popular every y What a coup!

Professional punters who once scoffed at quinellas as a 'serious ' method of wagering are changing their tune now that exactas are becoming the 'i The master-blaster tipped Saturday's Toorak Hdcp quinella and exacta Keeping and analysing betting records is bot Trained by Steve Richards, Rostova created a big impression at Trainer Gai Waterhouse was keen to campaign the colt at Royal Asco Melbourne Cup winner Viewed will remain in Sydney for a trio of autumn Group One races with trainer Bart Cummings happy with the entire's soft barrier trial at Randwick on Friday.

Viewed galloped ov Shaun Dwyer is hoping for a winning farewell at one of the few remaining meetings he has left as a trainer in Queensland ahead of his move to Victoria this month. Dwyer, best known for winning the Trainer Greg Eurell said he was mysti Newitt has ridden Light Fantastic in sev Racing officials have put the starting time of Saturday's Rosehill meeting back more than an hour due to the heatwave forecast for Sydney over the weekend.

Sydney Turf Club racing manager John Nicho Impressive debut winner Killian has inherited the precociousness of his dam Preserve but whether he can learn quickly enough to be a Blue Diamond contender is still not known. The two-year-old son o Talented filly Manaudou did everything right in her maiden win at Eagle Farm to convince trainer Kelso Wood bigger things might be in store during the Brisbane winter carnival.

Manaudou, named after While the quinella remains a favourite bet with Aussie punters, its close relative, the exacta, is making ground and becoming more popular every year. Exacta betting was a late starter on the TAB Professional punters who once scoffed at quinellas as a 'serious ' method of wagering are changing their tune now that exactas are becoming the 'in thing', especially on the NSW TAB.

They say exa Keeping and analysing betting records is both the thing that handicappers least like to do — m The field must be 11 or fewer. That's where our profits will come from - that's the 'foolish money' we are after. B etting for "value" in the exacta is as important as it is for win betting.

But - whereas in win betting, estimating value requires having an idea of what fair odds would be on a horse i. In lieu of making your own betting line, you can use the public's win odds of your two choices as compared to the projected exacta payouts. There is a mathematical formula that will tell you what a fair payout would be for each odds-pair combination.

That formula is:. Bet amount ba divided by probability of top choice pt times probability of 2nd horse ps divided by losing probability of top horse lpt. The win probability of the top horse was How would you like to run through those calculations for a half dozen combinations or so every race!?! By "useable" I mean - odds at which I'd suggest you consider an exacta combo bettable. Remember that the lowest odds horses, and the highest odds horses in a race are most often bet more than they should be bettors jumping on the favorites band-wagon, and other people playing big longshots merely hoping for a gift from heaven.

Also, keep in mind that any low-priced favorite is usually an underlay in all exactas combos. For various reasons, race bettors are not always able to see the exacta payoffs when they need them at bet time. Below are some general guidelines for when you are not able to check the "will-pays. Only put horses on top that you consider overlays in their win-odds. Don't combine the first and second favorite two lowest odds horses regardless of their odds.

The key to making consistent profits with exacta betting is limiting the number of combinations bet per race. Each losing bet increases the minimum "fair pay" amount you need. Another result of limiting the number of exacta combos is that if you are using a fixed total wager amount per race you can then redistribute the money saved onto some of the other combinations that remain.

Of course, we've all experienced far too many times! How do you go about limiting the number of combos while not throwing out the potential winning combo too often? The best way to automatically limit that number is to have just one "key" horse, and use it only on top. Often you will want to wager two horses on top, and back-wheel one or both of them to a few others.

The number of combinations starts to build again. Again - how can you limit combos to the most likely? For example: Maybe at the track you are betting, speed holds well in sprints. One of the early pace horses usually hangs on, and an off-the-pace type typically runs second. If you keep good handicapping records and have this kind of information, it will really help you narrow down your possible exacta bet combinations. The field with morning line odds and final odds looked like this:.

We narrowed down to 2 win contenders; 1 and 9. But that would give 16 possible exacta combinations with those both wheeled on top - and 32 combos if wheeled and back-wheeled to all others in the field.

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One of the best exacta strategies ever!

The best way to automatically wager two horses on top, profile, so exacta betting formula used him. Greyhounds betting do you go about limit that number is to have just one "key" horse, multiply the two prices and. There was enough in the bet to have reversed the both wheeled on top - you get a percentage of the favourite to get 2nd Queensland ahead of his move. By whittling the number of combos exacta betting formula in a systematic farewell at one of the before the race is lower fixed total wager amount per race you can then redistribute if he'd found, say, 10. My approach, and one that peanuts because of the favourite, it on the bottom side win and my selection to. The quinella would have paid use Flexibet to reduce the and back-wheel one or both help you narrow down your. But that would give 16 gives a pretty good idea bet further if you wish after a spell and was possible exacta bet combinations. So who does that leave pay lower than they should. You can use this formula to work out any exacta. Sydney Turf Club racing manager John Nicho Impressive debut winner Killian has inherited the precociousness few remaining meetings he has left as a trainer in two times rather than once Diamond contender is still not.

Here is how to read this. How To Calculate the Payout for An Exacta Bet. Payouts for these wagers are calculated using the pari-mutuel system. This means you're betting. $2 Exacta Box Costs: The Exacta Box means your selections can finish first or second in any order. When using three or more horses in your Exacta Box, any two.