Weighted Exacta Wagering
I wasn’t getting the Return On Investment from my exacta wagering that I wanted. I decided to play a Weighted Exacta instead of the simple, most common wager which is the Exacta Box everyone uses?
An Exacta Box may appear to be a great strategy. However, all this will do is to minimize your ROI because each combination has an equal chance of winning. Plus, it can get costly to box the exacta depending on how many horses you like.
What is a Weighted Exacta
As the first example, I’ll use two horses in the Weighted Exacta which are #1 and #2. Of course, any example of a wager would be a based solely on statistical data and not a hunch. I’ll use a $10 wager as a starting point. So the easiest bet I could place would be a $5 Exacta Box with #1 and #2 which costs $10 to bet. The boxed bet has an equal chance of winning.
What if the statistical data is telling me the #1 horse is a strong play to finish first? To maximize the ROI and still keep the same bet cost of $10, I change the $5 Exacta Box bet to a Weighted Exacta bet like the following.
Ticket #1: $7 Exacta, #1 over #2 which costs $7
Ticket # 2: $3 Exacta, #2 over #1 which costs $3
If the #1 horse wins the race and the #2 horse finishes second, the ROI is increased because I played it for $7 and not $5 (as in the exacta box). Should the #2 horse win the race and the #1 horse finish in second place, I’ll have that covered as well for $3.
A 3-Horse Exacta Wager Bet
Let’s add a third horse to the equation and keep it simple by using the #3 horse.
So for this example, I’ll use horses #1,#2, and #3 but again based on the statistical data, the #1 horse is a prime candidate to win the race. I could easily make a simple $2 Exacta Box wager (1,2,3) and that would cost $12 to bet. That would win if any combination of 1,2,3 comes out.
However, if I really thought the #1 horse would win why wouldn’t I just construct a Weighted Exacta bet instead?
Using the same cost of $12, construct the tickets like this.
Ticket #1: $3 Exacta, #1 over 2,3 which costs $6
Now wait a minute, what about the other two horses that I really liked, #2,3? Just suppose one of them beats the #1 horse but the #1 horse manages to finish second instead?
Bet two more Weighted Exacta bets as follows.
Ticket #2: $2 Exacta, #2 over 1,3 which costs $4
Ticket #3: $1 Exacta, #3 over 1,2 which costs $2
Once in awhile it’s good to think outside the box, in this case, outside the Exacta Box….pun intended!