Exacta Calculator
Price a straight, box, key or key-box exacta ticket, and estimate what it pays if your combination hits.
This prices what a straight, box, key or key-box exacta ticket costs to build, and estimates what one named combination would pay right now from the pool size, the takeout rate and the money already on it. It cannot predict which combination will win.
1. Build the ticket
Your ticket
$6.00
6 combinations at $1.00 each
Exacta minimums vary by track: commonly $1, sometimes $0.50 or $2. Check the track’s own minimum rather than assuming this default.
2. If your combination hits
Only one of your ticket’s combinations can actually win. This prices that one winning line, not the whole ticket, from the pool as it stands right now.
Exotic wagers are commonly taken out at a higher rate than win, place and show at the same track. New York Racing Association tracks publish 18.5% on exactas against 16% on win, place and show (retrieved 2026-09-20); check the track’s own wagering page for the rate in front of you rather than assuming this default.
Estimated payout on your combination, if it hits
$50.87
if this combination finishes 1st and 2nd in this order, priced on the pool right now
50.87 per dollar, including your money back
Where that payout comes from
The whole exacta pool$50,000.00
- Takeout on the whole pool
- $9,250.00
- Net pool (after takeout)
- $40,750.00
- Takeout on your money
- $0.19
Adding your own money to the pool moved this combination’s price from 50.94 to 50.87 per dollar. Your money adds to the whole pool and to the money already on your own combination, and the second effect always wins: it can only shrink or hold your combination’s payout, never raise it.
Every published takeout tier, at this pool and this money
Nobody sees the win-pool rate priced against their own exacta side by side, so this runs your same pool size and money on your combination through all three of NYRA’s published rates, not only the one you entered above. Rates differ by track and state; treat this as one real, sourced example of the pattern rather than a national figure.
| Pools at this rate | Rate | Estimated payout |
|---|---|---|
| Win, place, show | 16% | $52.44 |
| Exacta, quinella, daily doublethe rate you entered | 18.5% | $50.87 |
| Trifecta, superfecta, Grand Slam, Pick 3/4 | 24% | $47.44 |
On this pool and this money, against what the win pool’s 16% would return on the same amount: the exacta pool’s 18.5% rate costs this combination $1.56 less, and the trifecta/superfecta pools’ 24% rate costs $4.99 less. You cannot bet an exacta at the win-pool rate; this is what those extra points already cost you.
This estimate can only price the winning combination once you supply the pool it closed with, and only for that one specific finishing order. It cannot tell you which combination will win, or price a trifecta, superfecta, part-wheel with more than one key horse, coupled entry, dead heat or minus pool: see the FAQ below.
Written and reviewed by Alexander Korsager · last reviewed October 7, 2026 · corrections
The idea
What this tool shows
An exacta pays out to one specific pair of finishers, in order: whoever you pick to win, and whoever you pick to run second. That is a different bet from win, place or show, which each pay out to a wagering interest that has its own backers. An exacta combination has no backers of its own the way a horse does; it has whatever money the pool happens to be carrying on that exact pair, which is usually far less than the money on either horse individually.
That makes an exacta two separate questions rather than one.The first is what your ticket costs to build: a straight ticket is one combination, a box covers every ordered pair among the horses you name, and a key or key-box ticket pairs one horse against several others, on top or both ways. The second is what the winning combination pays, which needs the pool size and the money already on that combination, the same way a win, place or show payout needs the pool size and the money on the paying horse.
The second half is not a new calculation.The rule a pari-mutuel pool uses to price a single paying interest, net pool divided by the money already on it, is exactly the rule that prices an exacta combination once you treat the combination itself as the thing being backed. This page reuses the same pricing function our pari-mutuel payout calculator uses for win pools, because the arithmetic is the same problem asked about a combination instead of a horse.
Exotic wagers like the exacta are also taken out of the pool at a materially higher rate than win, place and show at most tracks, which most bettors never see stated plainly. This page prices your own combination at all three published rates side by side, not only the one you enter, and defaults to a real published example rather than a guess.
FAQ
Questions players ask
How much does an exacta ticket cost?
Combinations times your base unit. A straight ticket (one horse to win, one specific horse to run second) is always one combination. A box of n horses covers every ordered pair among them, n times (n minus 1) combinations, because any of them could win and any of the rest could run second. A key ticket pairs one horse, who must win, against however many others you name for second, one combination per other horse. A key-box ticket pairs that horse against the same others both ways, on top or underneath, twice as many combinations as a plain key. The base unit itself varies by track, commonly $1, sometimes $0.50 or $2, so check the track's own minimum rather than assuming ours.
Why does this only say what my combination would pay, not what it will pay?
Because the pool is open until wagering closes, the same reason a win, place or show estimate is only ever an estimate. Every figure here prices the pool exactly as you entered it, at this instant, and it moves as more money arrives on every combination right up to post time. It is also conditional in a second way an exacta payout is not: it is what your ticket pays only if the specific combination you priced actually finishes first and second in that order. A box or key ticket covers several combinations, and only one of them can win.
Why is the exacta takeout higher than win, place and show?
At most tracks it simply is, and it is worth knowing before you bet rather than after. New York Racing Association tracks (Aqueduct, Belmont Park and Saratoga) publish 18.5% takeout on exactas, quinellas and daily doubles, against 16% on win, place and show, and 24% on trifectas, superfectas, Grand Slam, Pick 3 and Pick 4, retrieved 2026-09-20 from NYRA's own published wagering information, re-verified 2026-10-07. NYRA prices its other multi-race pools differently: Pick 5 and Pick 6 are a separate 15% line, rising to 24% only on Pick 6 carryover days, so "multi-race" is not one flat rate there either. Rates differ by track and state, so treat that as one real, sourced example of the pattern rather than a national figure: check the specific track's own published rate before assuming ours.
Can this tell me which combination is going to win?
No. Nothing can, and a tool that implied otherwise on a pool that has not closed would be printing a confident number where the honest answer is that it cannot be known yet. This page prices a combination you already hold or are considering, from pool figures you supply. It does not rank horses, does not compute a probability of any given combination winning, and does not read a live tote board.
What about trifectas and superfectas?
Not built here. They are the same idea with more finishing positions and far worse combinatorics: a trifecta needs three finishers in order and a superfecta needs four, and the number of possible combinations grows fast enough that one honest tool for the simpler bet is worth more than several that gesture at all of it. Win, place and show are covered on our pari-mutuel payout calculator instead.
What is a part-wheel, and why doesn't this cover it?
A part-wheel uses more than one horse on top, each paired with several horses underneath, rather than the single key horse this page models. It is a genuinely different combination count from a key or key-box ticket, not a bigger version of either, so covering it honestly would need its own construction rather than stretching this one. If you are building a part-wheel, add up its combinations as separate key tickets, one per horse on top.
Methodology
How this is calculated
Two rules, kept separate because they answer two different questions. Ticket cost is combinatorics: a straight ticket is one ordered pair, a box of n horses covers n times (n minus 1) ordered pairs, a key ticket covers one combination per other horse paired with the key, and a key-box ticket covers each other horse both ways.
Will-pay is the same pari-mutuel pricing rule the Association of Racing Commissioners International's Model Rules of Racing state for a single paying interest (net pool divided by the money already on it): an exacta pays exactly one winning combination, so pricing that combination is the same rule applied to a combination instead of a horse, and this page calls the identical function our pari-mutuel payout calculator uses for a win pool rather than a second implementation of the same takeout arithmetic.
Common misreadings3
- A figure computed before the pool closes is not a promise, the same caveat pari-mutuel-payout states for win, place and show.
- This prices the combination you named. It says nothing about whether that combination is likely to win, and a large will-pay on a combination is not evidence it was a good one.
- A box or key ticket's total cost is not what any single combination pays. Only one combination in the ticket can win, and the will-pay half prices that one line, not the ticket as a whole.
Assumptions5
- The horse count, base unit, pool size, takeout rate and money on your combination are what you enter; nothing here reads a live tote board.
- Only straight, box, key and key-box structures are modeled. A part-wheel with more than one key horse is a different combination count and is not covered; see the FAQ.
- The will-pay half treats your named combination as a single pari-mutuel paying interest, priced by the same profit-split rule pari-mutuel-payout applies to a win pool: no coupled entries or mutuel fields, no dead heat, and no minus pool subsidy.
- Your own money, once placed, adds to both the whole pool and the amount already bet on your specific combination, the same before/after comparison pari-mutuel-payout makes for a win, place or show bet.
- The payout shown is the unbroken price: profit per dollar plus the dollar back, with no rounding.
Limits5
- Real payouts round down to the nearest dime, or nickel in some jurisdictions (breakage), matching the same limit on pari-mutuel-payout.
- The pool is open until wagering closes. Every figure here is a snapshot of the pool as entered, and more money can arrive on any combination right up to post time.
- Coupled entries, mutuel fields and dead heats are not modeled, the same non-cases pari-mutuel-payout names for win, place and show pools.
- A minus pool, where the track subsidises a payout below the statutory minimum, is not modeled.
- Trifectas, superfectas and part-wheels with more than one key horse are not covered. See the FAQ for why exacta ships alone.
Evidence
The ticket-cost combinatorics (straight = 1, box = n times (n minus 1), key = m, key-box = 2m) and every worked figure in math.test.ts follow directly from how each structure is sold at a US wagering window: a straight bets one ordered pair, a box bets every ordered pair among the named horses, and a key or key-box pairs one horse against several others on one side or both.
The will-pay half reuses poolPayout/priceImpact from pari-mutuel-payout/math.ts unchanged, which math.test.ts there reproduces exactly against the Association of Racing Commissioners International's Model Rules of Racing (Version 12.1.1, July 2023), Chapter 4, sections B(1) (the single-interest win-pool rule an exacta combination is priced by identically).
The 18.5%-versus-16% takeout comparison in the FAQ and the tool's default rate are from New York Racing Association's own published wagering information, nyra.com/aqueduct/racing/betting-faq, retrieved 2026-09-20, re-verified unchanged 2026-10-07: "16 percent, Win, Place, Show", "18.5 percent, Exacta, Quinella, Daily Double", "24 percent, Trifecta, Superfecta, Grand Slam, Pick 3, Pick 4", "15 percent, Pick 5, Pick 6", "24 percent, Pick 6 (Carryover days)".
The last two lines are why the 24% row is labelled by name rather than as "multi-race": Pick 5 and Pick 6 are multi-race pools NYRA prices at 15%, not 24%, so a blanket "multi-race" label at this tier would have silently stated their rate wrong (#7, 2026-10-07 re-verification).
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