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exacta payouts are based upon a pari-mutuel wagering pool. Basically, it all depends on how many people bet on the exacta that just won. If you are the only bettor on EX 1-2 and you bet $2, and the size of the exacta pool is 1000, then you just hit a 1000 dollar exacta. Conversely, if 100 people had bet $2 on EX 1-2 and the pool was 1000, then the exacta payout would be calculated thus- there are two hundred dollars that have to split the other 800, so therefore each *winning* dollar wagered would get paid out 4 bucks in profit. That's an 10 dollar exacta payout. Of course, this math doesnt count for the take of the particular racetrack in that state, but it should help.

In my research, i have found over analysis of 1000 races that the average exacta payout is 89 dollars, the median is 48 dollars, and the mode is 27 dollars.

I have personally hit a 720 dollar exacta before, but I've seen larger payouts go up to 1,200!

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