The Tote Exacta works the exactly like a regular straight forecast from a bookie when betting on horses at race meetings.
The tote price is the same as any other tote bet; eventually the pool will be divided.
The point is to correctly anticipate the order that the horses will finish first to second.
General rules of the Tote Exacta
- £2 minimum bet
- If you’re a big spender, it goes up in multiples of 10p
- You’re allowed to go up in multiples to attain the minimum £2 bet requirement
- If you’re unlucky enough to get a non-runner in your race, your bet is void. Also in this instance favourites that aren’t named are not all
- Perms and combinations are acceptable, in the same denominations above
- Dividends are rounded to the nearest £1
- You can bet on any UK horse race with 3+ runners
Let’s Break Down the Rules of a Tote Exacta Bet
Before the exacta, there was the dual forecast, but the exacta replaced it. The dual was a bit looser; you could bet on any of the first 2 runners in any of the races at all to place in any order. The exacta is similar; you bet on the first 2 to finish but rather now, you must predict this in the right order.
This makes things all the more interesting when it comes to trying to win because although it’s a lot harder, as with most tough things, the rewards are better. This is a wonderful type of bet for the regular Joe horse racing punter.
As with all tote betting, the bigger the bet is the more you’re going to damage your profit. Every bet is put into one pot and the pay out you see form that is a division of the total pot winnings. So, because of the nature of the beast, and exacta is a nice little flutter that won’t hurt your pocket too much.
Types of Forecast Bet in an Exacta
Straight, which is referred to as a single exacta, means one has to correctly guess the order of those runners that’ll place 1st and 2nd.
Reverse, called a combination exacta, whereby the punter has to pick the 1st and 2nd placers, but this can be in either order. It’s technically having two bets in one bet. Basically two straights. One where you pick horse Y and then horse Z in anticipation that in bet one, horse Y will win and in bet 2, horse Z will win.
If that’s too simple a bet for your taste then you’re able to add a third horse into the mix and make things really complicated. So the bet then comes X-Y, X-Z, Y-X, Z-X, Z-Y.
The banker, known as the banka exacta is where you choose a horse you believe will win and additionally up to three runners that you feel will place 2nd. So when a banker runner (X) is involved +3 others for 2nd place it goes X-Y, X-Z, X-ZZ.
Not all bookies are into tote-syndication so they’ll likely just put up individual prices which they use their own odds to create. They do typically let you put on a tote bet of some description and honour the tote payout was in the end.
How about Non-Runners?
Typically when a non-runner comes up in a race a punter is given the favourite instead. This is usually how it goes with placepots, quadpots and scoop 6 betting. You have to be careful about the horses in your selections.
If you’re unlucky and you get a NR in a straight exacta you’ll get a refunded stake because your bet is now void for that race.
If you’re even more unlucky and get a NR in a combination, you’ll only see a refund on sections with a NR in it. That’s fair, really.
Three Runner Combination
If you’re betting on a three runner combination (totallying 6 bets) and you get one NR, you therefore only have 2 good runners. So you only have two bets. So 4 are void thanks to a NR and you see your money back for those 4.
If you have 4 runners, so technically 12 bets, and one NR, leaving 3 survivors, you get refunded for six bets.
It’s pretty easy to work out when you’re looking at exacta bets.
Final Word on Tote Exacta
It’s a bit of a twist on regular betting, where one makes selections on low odd horses and not to back the favourite horse.
But done right, this can be one wild ride with fruitful profits from the pooled jackpot. It’s also a bit different (faster) than a placepot, with bigger variations in selections you can make and the order you anticipate runners to come in at.
If you want to make horse racing more interesting, search no more, an exacta is for you.
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