This one is a bit tricky since the exotic payouts such as Trifecta or Superfecta derive from a separate wagering pool so there isn’t a way to know or calculate the payout until the payout is due to happen once the races are over. Avilius was the last horse across the line, while Anthony Van Dyck has been put down after failing to finish. Another common exacta key would be two horses over four horses, which would also be a $12 investment on a $2 increment. Select the horses to include in the wager. Odds for a straight exacta bet for the Derby would look something like this: In horse racing a first-place finish is called a “win.” A second-place finish is called a “place.” For this fictional Kentucky Derby scenario, let’s say you select Mister Ed to finish first (win) and Gunpowder to finish second (place). There is one approach in horse racing betting that has benefited from the development of today’s horse racing payout calculator and it’s referred to as let it ride. The Fair Payoff for an Exacta equals the size of the bet, such as a $2 Exacta, multiplied by the (win horse's odds-to-1) multiplied by the Using this information to contravene any law or statute is prohibited. Exacta “Fair-Pay” Chart However, if you make an accurate pick and win your bet, your winnings will be more substantial and you could see yourself with a larger profit. Sometimes referred to as a perfecta bet, an exacta is a step further than a traditional win, place, show bet. Winning an Exacta bet isn’t the easiest thing to do by far, but for seasoned handicappers, the profit margin can be remarkable. To figure the cost: Multiply the number of horses used on top or the win position of the exacta with the number of horses used in the second position (less one if the same number is used on top in the exacta). Since most tracks have a $2 minimum bet, below is a handy chart to look up the payoff for a $2 bet at various odds. THE TOTAL BOOK PERCENTAGE FOR A TRACK WITH A 15% TAKE OUT SUMS TO ABOUT 1.18 THE PROBABILITY OF ANY HORSE WINNING IS (1/ (ODDS+1))/1.18 You can sign in to vote the answer. This horse racing payout calculator usually holds a fraction converter for converting odds. Here is how to read this formula. Using the same fictional horses from the above Kentucky Derby betting example, you can make an exacta bet that features BoJack Horseman, Artax and Black Beauty. Is simply to gain at activity betting with the Zcodes System that you will find here https://tr.im/RR5rT . Are there any American horse races that fall under the category of "classic races"? This means you can choose more than two horses. This however has very low odds in the horse racing odds calculator payout. In this bet, as long as the two horses that you’ve placed your bet on finish in the top two places, you win the bet placed. Select a bet type in the right column. The less winners there are, the larger the payout. HORSE RACING: Trivia #7 / Can you name this Horse? At Pimlico the takeout from the exacta pool is 21% and the takeout from the trifecta pool is 25.75%. You can see that a 2/1 (blue col on the left) is the low recommended “on-top” horse odds, and 6/5 is the low recommended “on-bottom” horse odds. Other tools you may find of interest – click here. (includes a 10% overlay amount added in), For exactas over $600 – you’ll likely be paying immediate “signer” taxes, so you’d better make sure they are paying far higher than fair pay to compensate for the guvment’s added take! Below are the full dividends from the 2020 Melbourne Cup: 1st - $23.00 the win and $6.50 the place. Generally, racebooks and tracks pay out exactas at $2 increments. This one is a bit tricky since the exotic payouts such as Trifecta or Superfecta derive from a separate wagering pool so there isn’t a way to know or calculate the payout until the payout is due to happen once the races are over. Additionally, you can choose to “box” your exacta wager, meaning that the two horses that you are placing your money on can still come in any position. . Another type of horse racing payout calculator is the exotic wager horse racing payout calculator. Exotic Wagers Calculator – With this tool, you can quickly get the cost of any ticket you intend to make for; ... “Fair Pay” Exacta Chart – Click on the link below Exacta Payout Chart. Calculate Onwards The 15 in the bet is derived from the fact that the bet is made up of 15 bets, while the lucky part derives its name from the fact that it is frequently the target of the bookmakers’ bonuses, with the most common form being the winner bonus, a winner consolation bonus and a loser bonus. I was wondering how the payouts are calculated. EXACTA PROBABILITY PROBABILITY FOR A/B IS: EXAMPLE: A HORSE ODDS =2-1, B HORSE ODDS = 3-1, TRACK TAKE OUT IS 15%, A HORSE WIN PROBABILITY IS (1/(2+1))/1.18 = .282, B HORSE WIN PROBABILITY IS (1/(3+1)/1.18 = .212, THAT EQUATES TO A $1 RETURN OF (1/.083)= 12.04. Thank you. The bonuses will normally take the form of a percentage increase in the returns or increased odds for the case of the single winner consolation. Once the house takes its cut, typically 15%, the rest is divided between the bet winners. Twilight Payment has won the 2020 Melbourne Cup ridden by jockey Jye McNeil to give Irish trainer Joseph O'Brien his second Cup victory.It's the seventh Melbourne Cup win for owner Lloyd Williams.Tiger Moth finished second ahead of Prince Of Arran.Payouts per Sportsbet, Twilight Payment paid $23.00 for the win and… It depends on the money in the pool based on the numbers/runners played by handicappers. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Remember, your actual payoff may differ from this chart, as the odds on the tote board are rounded off, so 2-1 odds on the tote board may actually be 1.9-1 or 2.2-1. Just like the exacta, you can decide to box your superfecta bet at an extra cost. Any other combination would render the ticket worthless. So if the payout for a winning $1 ticket is $100, then a winning $.10 ticket would return $10. Any ideas please. Therefore, if you placed an exacta bet on horse 4 and 7, your bet will only win if horse #4 comes in the first and horse #7 comes in second. If your two contenders are the favorites in the race, it could pay less than $12, or in a larger field could return $35 or more. Find out how to maintain and improve your success in horse racing betting by using a Likewise, 7-2 means for every 2 units that you stake, you shall receive 7 units in the event you win your bet plus the amount you stake. Besides traditional exacta betting, you can make an exacta box bet and an exacta key bet. Payoffs can vary greatly in exacta betting. Betting Directory Horse Racing Calculator. Yet at Amwager, we post probable payouts for exacta and daily double wagers. Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables. You can also do a $1 exacta which pays half of the $2 exacta payout and therefore cuts your investment in half. An exacta bet is a common horse racing wager that requires you to pick the top two finishers of a race in the correct order. When playing favorites, you need to bet a smaller amount of maoney on combinations with any hope to show a good profit. Many punters use a horse racing payout calculator so that they can keep good track of their stakes and possible payouts. .written-content-page #main { They are usually used to express the possibility of an event occurring or taking place. The exacta and trifecta pools are separate. Also for exotic wagers, the payouts are calculated differently. 18 Authentic won the 146th Kentucky Derby at odds of 8-1, meaning a $10 win-bet returned $80.No.