Exotic wagers are one of the toughest ways to win in horse racing, but they typically return bigger profits. Unlike simple wagers such as the Win, Place, and Show bets, exotic wagers rely on more than one outcome.
An exotic wager can either be placed on a single horse race and the consecutive finishers, or it can take place over multiple races. In order for you to win, all picks have to be correct. There will be no winnings if even a single horse fails to finish in the spot chosen.
Types of Exotic Wagers
There are various different types of exotic wagers for a horse race, each with their own level of complexity and earnings potential.
All of the exotic wagers are:
Exacta: An Exacta wager is when you predict the way the first two horses will finish the race. In order to win, you have to correctly select the exact order of finish of the 1st and 2nd place runners.
Trifecta: A Trifecta wager relies on you predicting the way the first three horses will finish the race. In order to win, you have to correctly select the exact order of finish of the 1st, 2nd, and 3rd place horses.
Superfecta: A Superfecta wager often returns large winnings. It is when you predict the way the first four horses will finish the race. In order to win, you have to correctly select the exact order of finish of the 1st, 2nd, 3rd, and 4th place horses.
Daily Double: A Daily Double wager requires you to select which two horses will win two consecutive races.
Pick 3, Pick 4, Pick 5, Pick 6: In order to win a Pick 3, Pick 4, Pick 5, or Pick 6 wager, you have to select the winning horses for three, four, five, or six consecutive races.
Box Your Bets to Increase Chances
By boxing your exotic wagers, you can increase your chances of winning. A box bet means that you can select more horses than the bet calls for, or you can play all combinations of your picks.
For example, a Trifecta Box means that your horses still need to finish in 1st, 2nd, and 3rd, but it can be in any order. Boxing also lets you add a horse to an Exacta wager, making it three selections instead of two, and you end up with six possible combinations to win.
By boxing your wager, the price of the bet will be multiplied.