How is the cost of my bet calculated?

When you add a bet to the Bet Slip and change the stake amount, the total cost of the bet is automatically calculated for you (see figure below). 

Note: When the bet is straightforward, so is the amount. For example, if you stake $1, it costs $1. However, with boxes and wheels, you pay for each combination of the horses you select. The following formulas and examples show how the total cost of each of these bets is calculated. Note that all of the examples are based on a $2 wager.

 

Boxed Quinellas

If you place a boxed quinella, your bet will be graded as a win if any two of the horses you select finish first and second. For example, if you box the #3, #4 and #5 horses, you’ll win if the first two finishers are 3-4, 4-3, 3-5, 5-3, 4-5 or 5-4. Rather than paying for each combination, you pay for each pair of horses. You can box as few as three horses or as many as the field.

Formula

  • Total cost of bet = (number of horses in box) x (number of horses in box minus 1) x (dollar amount of bet)/2

Examples

  • Box three horses: (3 x 2 x $2)/2 = $6.00
  • Box five horses: (5 x 4 x $2)/2 = $20.00

 

Boxed Exactas

If you've determined who the best horses in the race are but aren't sure which horse will win and which will finish second, you may want to place a boxed exacta. For example, if you box the #4 and #5 horses, your bet will be graded as a win if the first two finishers are 4-5 or 5-4. To increase your chances of winning, you can box more than two horses; however, the cost of your bet goes up substantially with each horse you add to the box.

Formula

  • Total cost of bet = (number of horses in box) x (number of horses in box minus 1) x (dollar amount of bet) 

Examples

  • Box two horses: (2 x 1 x $2) = $4.00
  • Box four horses: (4 x 3 x $2) = $24.00

 

Boxed Trifectas

A boxed trifecta involves picking the horses that will finish first, second and third, in any order. For example, if you box the #3, #4 and #5 horses, your bet will be graded as a win if the first three finishers are 3-4-5, 3-5-4, 4-3-5, 4-5-3, 5-3-4 or 5-4-3. The more horses you box, the better your chances are of winning. However, like a boxed exacta, the cost of your bet increases with each horse you add to the box. 

Formula

  • Total cost of bet = (number of horses in box) x (number of horses in box minus 1) x (number of horses in box minus 2) x (dollar amount of bet)

Examples

  • Box three horses: (3 x 2 x 1 x $2) = $12.00
  • Box five horses: (5 x 4 x 3 x $2) = $120.00 

 

Wheeled Trifectas

A wheeled trifecta requires you to combine one horse with several others. For example, if you think that the #9 horse will win the race and that the #3 and #5 horses are equally likely to finish second and third, you could create a wheeled trifecta in the following way: 9 / 3,5 / 3,5. Your bet will be graded as a win if the first three finishers are 9-3-5 or 9-5-3.

Formula

  • Total cost of bet = 1 x (number of horses in wheel) x (number of horses in wheel minus 1) x (dollar amount of bet). Note: This formula applies only if you have selected one horse to finish in one position and the same horses to finish in the other two positions, as detailed by the description above.

Examples

  • Wheel one horse in one position and two horses in the other two positions: (1 x 2 x 1 x $2) = $4.00
  • Wheel one horse in one position and six horses in the other two positions: (1 x 6 x 5 x $2) = $60.00

 

Wheeled Superfectas

A wheeled superfecta also involves combining one horse with several others. For example, you could create a wheeled superfecta by keying the #2 horse to win with the #3, #5 and #6 horses to finish second, third and fourth (in any order). Your bet will be graded as a win if the first four finishers are 2-3-5-6, 2-3-6-5, 2-5-3-6, 2-5-6-3, 2-6-3-5 or 2-6-5-3.

Formula

  • Total cost of bet = 1 x (number of horses in wheel) x (number of horses in wheel minus 1) x (number of horses in wheel minus 2) x (dollar amount of bet). Note: This formula applies only if you have selected one horse to finish in one position and the same horses to finish in the other three positions, as detailed by the description above.

Examples

  • Wheel one horse in one position and three horses in the other three positions: (1 x 3 x 2 x 1 x $2) = $12.00
  • Wheel one horse in one position and five horses in the other three positions: (1 x 5 x 4 x 3 x $2) = $120.00

 

Wheeled Daily Doubles

If you think you know which horse will win one of the two races in a daily double but aren't sure about the outcome of the other race, you may want to place a wheeled daily double wager. For example, if you think that the #9 horse will win the first race and that the #3 and #5 horses are equally likely to win the second race, you could create a wheeled daily double in the following way: 9 / 3, 5. Your bet will be graded as a win if the results are 9-3 or 9-5. The cost of your bet goes up with each horse you add.

Formula

  • Total cost of bet = (Number of horses selected in first race) x (number of horses selected in second race) x (dollar amount of bet) 

Examples

  • Wheel one horse in one race with three horses in the other race: (1 x 3 x $2) = $6.00
  • Wheel two horses in one race with three horses in the other race: (2 x 3 x $2) = $12.00

 

Wheeled Pick 3

To increase your chances of winning a pick 3, you can select more than one horse in one or more of the three designated races. For example, if you think the #3 horse will win the first race, the #1 or #7 horse will win the second race and the #2 or #5 horse will win the third race, you could create a wheeled pick 3 in the following way: 3 / 1, 7 / 2, 5. Your bet will be graded as a win if the results are 3-1-2, 3-1-5, 3-7-2 or 3-7-5. Note that the cost of your wager goes up with each horse you add.

Formula

  • Total cost of bet = (Number of horses selected in first race) x (number of horses selected in second race) x (number of horses selected in third race) x (dollar amount of bet) 

Examples

  • Wheel one horse in the first race with two horses in each of the other two races: (1 x 2 x 2 x $2) = $8.00
  • Wheel one horse in the first race with two horses in the second and three horses in the third: (1 x 2 x 3 x $2) = $12.00

 

Wheeled Pick 4

A wheeled pick 4 is exactly like a wheeled pick 3, except that you increase your chances of winning by selecting more than one horse in one or more of the four designated races. The cost of your wager goes up with each horse you add.

Formula

  • Total cost of bet = (Number of horses selected in first race) x (number of horses selected in second race) x (number of horses selected in third race) x (number of horses selected in fourth race) x (dollar amount of bet) 

Examples

  • Wheel one horse in the first race with two horses in each of the other three races: (1 x 2 x 2 x 2 x $2) = $16.00
  • Wheel one horse in the first race with one horse in the second, three horses in the third and one horse in the fourth: (1 x 1 x 3 x 1 x $2) = $6.00