Exacta Wheel Betting

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The Exacta Wheel bet is picking sets of horses to finish in first and second position. This bet improves your chances of winning because 1 or more horses can be chosen to finish in each position.

Difference between Exacta Wheel and Exacta Box Bets?
Exacta Wheel betting requires a specific order from 2 sets of horses. Exacta box betting requires any order of 3 or more horses.

The Exacta Key Concept

The following video explains how to place this bet. The steps are the same for Exacta, Trifecta and Superfecta. Rewind the video to review each straight bet.


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Keying means selecting a set of horses to finish in a certain position. Exactas are for first and second position. That means 2 keys must be made for each Exacta Wheel.

Start with the first position key. Select 1 or more horses. For example, suppose horses 1, 2, 3, 4, 5 & 6 are racing.

Example 1st Key: Horses 4 & 1

That means horses 4 or 1 must finish first. You can only win if 4 or 1 finish first.

Example 2nd Key: Horses 2, 5, 6

That means horses 2, 5 or 6 must finish second. You can only win if horses 2, 5 or 6 finish second.

Example Winning combinations. Key 1 Horses 4 & 1. Key 2 Horses 2, 5 or 6
Finishing Order Result
4,2 Win
4,5 Win
4,6 Win
1,2 Win
1,5 Win
1,6 Win
Example Losing combinations. Key 1 Horses 4 & 1. Key 2 Horses 2, 5 or 6
Finishing Order Result Why?
6,4 Lose Horse 6 from second key. Horse 4 from first key.
5,1 Lose Horse 5 from second key. Horse 1 from first key.
3,5 Lose Horse 3 not in first key. Horse 5 correct.
4,1 Lose Horse 4 correct. Horse 1 not in second key.
2,6 Lose Horse 2 not in first key. Horse 6 correct.

Exacta Wheel Bets Cost $2 Per Combination

Consider the following examples. We’ve keyed horses into the first and second position positions. Exacta Wheel cost is $2 multiplied by total number of combinations.

Exacta Wheel Cost Calculation: ( (Number first key horses x Number second key horses) – (Number horses found in both keys) ) x (Cost per combination)

Example 1: Exacta Part Wheel

Horses 12 and 7 are your first key.
Horses 8, 4 and 13 are your second key.
0 horses are found in both keys.

( (2 horses x 3 horses) – (0 horses in both keys)) x $2 cost = $12

5 Horse Exacta Wheel Combinations. 2 horse first key. 3 horse second key.
Finishing Order Cost Each
12,8 $2
12,4 $2
12,13 $2
7,8 $2
7,4 $2
7,13 $2
Total Cost $12

Example 2: Exacta Full Wheel (1,2 – ALL)

Horses 1 and 2 are your first key.
Horses 3,4,5,6,7,8 are your second key.
( (2 horses x 6 horses) – (0 horses both keys) ) x (Cost per combination)

8 Horse Exacta Wheel Combinations. 2 unique horse first key. 6 unique horse second key
Finishing Order Cost Each
1,3 $2
1,4 $2
1,5 $2
1,6 $2
1,7 $2
1,8 $2
2,3 $2
2,4 $2
2,5 $2
2,6 $2
2,7 $2
2,8 $2
Total Cost $24

Exacta Betting Cost Tables

Exacta Wheel Cost Calculation: ( (Number first key horses x Number second key horses) – (Number horses found in both keys) ) x (Cost per combination)

Exacta Wheel Costs, $2 Per Combination
Key 1 Horses Key 2 Horses Total
12$4
13$6
14$8
15$10
16$12
17$14
18$16
22$8
23$12
24$16
25$20
26$24
27$28
28$32
32$12
33$18
34$24
35$30
36$36
37$42
38$48
42$16
43$24
44$32
45$40
46$48
47$56
48$64
52$20
53$30
54$40
55$50
56$60
57$70
58$80
62$24
63$36
64$48
65$60
66$72
67$84
68$96
72$28
73$42
74$56
75$70
76$84
77$98
78$112
82$32
83$48
84$64
85$80
86$96
87$112
88$128

See Also
Exacta Betting
Exacta Box Betting
Quinella Betting