How to Bet - Box and Wheel
Many first time gamblers get confused when they hear people call a 'box' or 'wheel' type wager, boxes and wheels are a method of ordering a type of wager, not a wager by themselves.
What is a Box?
Boxes are used for exactas, trifectas, and superfectas. When you are confident of the first two or three horses to cross the finish line, but not sure how they will finish across the line, you can "box" your horses. In the box, you place the horses you like. As long as the horses in the box are the first two (for exactas), three (for trifectas), or four (for superfectas) horses across the finish line, you win!
Does it Cost More?
Let's say, for example, you purchase a $2.00 exacta box on the 3 horse and the 6 horse. You would win if the order of finish is either 3-6 or 6-3. Your two combinations cost $2.00 each, for a total of $4.00. The ticket will cost more, but you get more combinations (more chances for winning). You can also box your wagers for a dollar, meaning that each combinations is worth $1.00 instead of $2.00. Your exacta box 3-6 would cost only $2.00 because each combination is only $1.00. You will receive half of the payoff of a $2.00 exacta box, but you save money by only betting a $1.00 exacta box.
Here are some ticket prices for box bets:
As you can see, trifecta box bets can get pretty expensive. To save some money, try a wheel bet.
What is a Wheel?
Wheels are used when you are confident of at least one horse in the race. You are sure that a horse you have chosen will run either first, second, or third, but not sure what horse(s) will finish with it.
For example, you really like the 4 horse and you think it will win, but you aren't sure what horses will finish second for the exacta. In a wheel bet, you wheel, or "key", the 4 horse with other horses in the race:
The cost of the ticket above is $4.00, because it's $2.00 for each combination (4-2 and 4-3). Again, you can bet this ticket for $1.00 ($1.00 exacta wheel) and the ticket will cost only $2.00. Trifecta and superfecta wheels work the same way: just place the horses in the position you think they will finish.
Here are some examples of trifecta wheels and their respective ticket prices:
What are the Odds?
Odds are based on the win pool and reflect each horse's chance of winning as determined by the betting public. If you bet $2.00 to win on a horse that has odds of 5 to 1, you will win approximately $12.00; $5.00 for each dollar that you bet, plus your $2.00 back. The higher the odds, the better the payoff!