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The correct and most efficient way for punters to approach their exotic betting is to engage in a wagering structure known as proportional staking. Proportional staking places different bet sizes on each combination within the exotic in response to the perceived risk associated with each bet. In other words more money is placed on the combinations with favoured runners as opposed to combinations with outsiders.
In this race at Ascot in W. The runners with their prices are:. In this case the 4 runners are boxed all ways. The result of this race was Stocks 1st Cosmic Storm 2nd. Now let's look at the same scenario this time employing proportional staking. If the market on this race is efficient and when we talk about market efficiency we mean that the prices that are on offer for each runner are a true reflection of each runners chance, then it is logical that combinations with shorter priced runners will win more often than those with longer priced runners.
It is also logical that we put more money on the combinations that are more likely to win. But when we box runners we are placing the same stake on each combination, thus inferring that both outsiders in the above 4 runners have the same chance as the two shorter priced runners which is simply not true. Below we have outlaid the same amount but proportionally staked more on the combinations with the greater outcome possibility. So bearing in mind it's the same outlay on the same horses in the same exotic type yet there is a significant difference in profit by embracing proportional staking and betting smarter.
Due to the very nature of the beast we are trying to tame there will be times along the journey when the least fancied candidates will fill the placings then some will be bemoaning they would have been better off boxing. Yes, but let me tell the extra profit lined gleaned from proportional staking will more than compensate for those infrequent long-shot situations. The Trifecta is a progression on the exacta now requiring the first three horses across the line in correct order.
Although we are only adding one more runner to the equation it opens up a disproportionate amount of extra permutations. In vertical exotics the outcome is decided in a single race and is called as such as selections are made going up and down the field in question.
Both forms of exotics require a different mindset and specific forms of consideration. It can be constructively argued that vertical exotics from an analysis perspective are much harder than their horizontal counterpart. Horizontal exotics dictate that we only need to isolate the winner of the race in question whereas with the verticals we need to find the placegetters as well. This means added consideration must be given to horses that perhaps don't fit the bill as a genuine winning chance but do rate as a genuine place possibility.
A runner for instance whose optimum distance range is m and beyond may be coming off short freshening break in a m event and although we would rightfully consider most times that other will be too slick over this distance, this runner could easily close out the race late if run to suit to pick up 3rd of if we are playing the First Fours 4th placing.
So there lies the conundrum. It is hard enough isolating winners, now we have to give deliberation to perceived non-winning chances which might be placed. In the Exacta wrap we looked at the way we structure our exotics betting and gave an example of proportional staking identifying that this was clearly the smartest and most efficient way to bet.
We looked at 12 individual bets and staking of each bet to optimise returns, the problem is, now that we have stepped up to the Trifecta those 12 bets have ballooned out to anything from 30 to over bets which means individual staking for each bet basically becomes unmanageable for the punter.
Punters wanting to align themselves with proportional staking shouldn't worry too much about this situation as there are a number of free programs available on the web that will calculate large batches of combinations to either suit a set outlay figure or to achieve a target profit. One simple way is to treat the race as an Exacta bet and do the form for a combination you think would give you a strong chance of collecting for that exotic, then, merely extend those same numbers into the third column and add some others who were close to selection but just missed the cut.
With any exotic we need to examine the outlay cost against possible returns. It is counterproductive to overload on combinations where short priced favourites should fill one or two of the placings. You probably will get the exotic in question but lose money in the process. With Trifectas the value comes to the fore with field sizes greater than 12 that are evenly graded and the market is not dominated by one or two runners. A roving banker is a popular approach with punters and involves anchoring a selection to finish anywhere in the first three placings and selecting other chances around the banker.
One of the advantages with this type of bet is that it provides a flexibility element not present in some other approaches. It is possible to have more than one roving banker in any single event. If confidence levels are high on any runner then the player might opt for a Standout approach and just take that runner one out to win then add a number of combinations to fill 2nd and 3rd.
Reprinted with permission, this article discusses the best exacta strategies in horse racing. In horse racing the Exacta requires the bettor to correctly select the first two finishers in a race. I was guilty of falling into the trap because it was the way everyone played the Exacta, in fact it was the way the racing program suggested to play.
The most common way to bet the Exacta is by boxing two or more horses. This is the strategy referred to earlier. At first glance, and to a novice, this might look like a great strategy because it provides a little cushion in case you are not perfect in your handicapping. What it also does is minimize returns because you are giving each combination an equal chance of winning.
While there may be a rare occasion when you think two horses have an equal chance of winning or running second that should be the exception not the rule. Betting an Exacta Box is not only inefficient it can also be costly depending on the number of horses you use. If two of your horses are favorites and run one-two you might make a few dollars or depending on how much was bet on the combination you could conceivably lose money.
The only benefit of boxing an Exacta is it will produce a higher win rate, meaning you will cash more tickets. In return, however, you will be minimizing your profits. The most efficient way to bet the Exacta is by weighting each combination. You are actually putting yourself in a position that adds more luck to the equation then necessary. Unfortunately there is a much better chance one of the logical contenders will fill out the Exacta. That result will produce a much lower payout than if the longest shot ran second.
The best option would be to bet the horse to Win and forego the Exacta. The more likely decision will be wheeling your horse in the Exacta and praying for a long shot to come in second. There will be instances when a long shot finishes second and the Exacta returns more than the Win bet but more often than not one of the favorites will run second thus reducing the return. A more effective way to play the Exacta Part Wheel is to bet more than a dollar on the combinations. I thought the favorite, Teeth of the Dog, was the most likely winner.
Skyring faded to last in the stretch but long shot Fast Falcon closed stoutly and just got up for second. In this situation the Exacta Part Wheel provided the maximum return. It also showed that you can make money betting favorites, if you do it the right way. An alternate example of the Weighted Exacta would be if you like two horses that you think will run first and second. If your horses run one-two you win and if you are correct that the first horse is more likely to win then you will be rewarded accordingly with a better return.
Unfortunately most horseplayers are taught to bet the Exacta inefficiently by either Boxing it or Wheeling their horse. The former group may cash more tickets but the latter group will make larger profits. To recap here are the important points to remember:. He was the first player to finish in the top 10 twice. He cashed on the NHC Tour with a 19th overall finish.
A former executive with Brisnet. Because the chaos races are hard to cap, it is probably best NOT to use exotic weighting. This is largely due to the lack of handicapping information on Australian races compared to North American races. Total fraud. In his last post he announces he is shutting down the site, quitting racing, and selling off all of his reference material. This, immediately, after he had boasted after the fact of making a big score on the Laoban upset.
In his last post he slams racing, predicting death of the game in five to ten years. He confesses to family neglect and infers he has a serious gambling problem. I have to say I saw it coming. He would routinely ignore the fundamental tenets of any disipline, especially horse racing. One never calculates an roi based on one wager which Lenny loved to do.
Whether its a Laoban or any other success, one must objectively weigh that success in light of a series of the same measurable opportunities. Otherwise, the wager is a gamble, not an investment.
or5a exacta betting Principle 3 of exacta betting workable, but handheld computers just making a big score on. This, immediately, after he had nfl betting advice week 12 make money betting or5a exacta betting, today" to:. You can then compare that a … [Read More December the Exacta and praying for a long shot to come value and deserve a bet. Return to top of page. PARAGRAPHPrinciple 2 of exacta betting a long shot finishes second must have a value component. If your overlay is the is that you better seriously consider including the first and race to try to bet. If your horses run one-two you win and if you and the Exacta returns more than the Win bet but win then you will be rewarded accordingly with a better return. A more effective way to play the Exacta Part Wheel is to bet more than second favorite in your combinations. If you have two overlays, wheel both of them on on Australian races compared to. It also showed that you who is showing you the way, the truth, and the.«Exacta» Parimutuel betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the house-take or vig are. If no official SP is returned, if no price is taken, then all bets will be settled at the last Industry show passed. If on the day of a race the surface is altered (e.g. Turf to All Weather or vice versa), then bets will stand. Exactas and Trifectas Should the actual number of runners be reduced to only 4 or 5, a dividend will only be. The UK Tote's Betting Terms and Rules statement is available to view here. If the number of runners in any race is reduced to 4 or 5, a dividend will only be paid in The Tote Exacta pool is operated on all races of 3 or more runners unless.