Horse Racing Tips: The Ultimate Exacta Guide
Here you’ll learn everything you need to know about How To Take An Exacta.
Before we get started make sure to take a look at the video below:
What is an exacta?
An exacta is a bet which requires you to select two horses in the same race to finish in first and second place in the exact order.
Straight Line
A straight line exacta requires you to take two horses in a race to finish in the exact order. If you take a straight line exacta with the numbers 5 & 6. The bet will read 5/6. The amount that bet will be required to be taken for is R1.
First | Second |
5 | 6 |
Boxed Exacta
A boxed exacta is where the horses you select a minimum of two horses to finish in the first two in any order. The bet costs a minimum of R2. If the result ends in a dead heat, you will be paid out for both combinations, 5/6 and 6/5.
First | Second |
5 | 6 |
5 | 6 |
Banker
A banker is where you select a horse to finish in one particular position followed by a minimum of 1 horse to finish in the other position. The example below shows an example of 1 running first followed by numbers 2 and 4. This bet will cost a minimum of R2
First | Second |
5 | 2 |
4 |
Floating banker
When taking a floating banker exacta, you are required to select one number to finish in either first or second followed by a minimum of two horses to accompany it in the remaining exacta position. The example below shows 5 to run first is followed by numbers to 1, 4 and 6. This means that 5 can run either first or second followed by numbers 1, 4, 6.
First | Second |
5 | 1 |
4 | |
6 |
Maximum Payout
Hollywoodbets Open Bet
An open bet is a bet offered by Hollywoodbets on one or more events in which no fixed odds are agreed at the time the bet is placed and the winnings and therefore the payout is determined after the outcome of the event on which such bet was struck becomes known, with reference to dividends generated by a totalisator.
Hollywoodbets Maximum Payout
When taking an exacta the maximum winnings in respect thereof will be limited to the net pool of the tote.
To read the full list of terms and conditions click here
Tote Bet
When switching over to the tote with the button provided on the Hollywoodbets website and mobisite, you now can take a bet where the payout is limited to the rules stipulated by the TabGold website.
Difference between Open Bet and Tote Bet
An Open Bet is a tote/TAB type bet taken with a bookmaker. The bookmaker – in this case, Hollywoodbets – lays the bet, and pays the dividend as declared by the tote on the winning combinations.
No fixed odds are agreed at the time the bet is placed. The winnings and therefore the payout is determined after the outcome of the event on which the open bet was struck becomes known, with reference to the dividends generated by the totalizator.
Tote betting works by a player betting into a cumulative pool that also includes other punters. The payout is then shared among all of the winning players – this is referred to as a dividend. Remember that the total amount that gets paid out is determined by the number of people who won the pot.
Armed with all of this knowledge, you now know how to take an exacta with Hollywoodbets!
