Beating the exacta

William T. Ziemba

Chapter 8 in Exotic Betting at the Racetrack, 2019, pp 129-154 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The exacta is the most popular bet at the racetrack that combines the results of two separate horses. Tracks have responded to this popularity by offering more and more exacta wagers. For example at Golden Gate Fields in California, there are seven exactas on each day’s card. On the 1985 Kentucky Derby card there were eight including one on the Derby itself. To win you must select the first two horses — the winner and the second place horse — in exact order. Hence the name exacta. This bet is also called the exactor or perfecta or perfector depending on the locality. It’s usually a $2 or $5 bet, although at some tracks such as those in Louisiana it can be for $3…

Keywords: Efficient; Inefficient; Racetrack; Betting; Market; Exotic Betting; Race; Handicapping; Strategies (search for similar items in EconPapers)
JEL-codes: A1 C1 L83 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789813278790_0008 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789813278790_0008 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789813278790_0008

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().