Exotic Wagers Explained - Special Bet Types & Tips
Placing an exotic bet on a horse race is a great way to crank things up a notch.
Essentially, an exotic bet allows you to wager on more than one race at the same time and include special betting types that give you even more chances at winning bigger!
In this guide, we explain what exotic betting is in horse racing and reveal some of the most popular types of exotic bets you can place on the action at Stake Sportsbook.
What is Exotic Betting in Horse Racing?
Exotic horse racing bets differ from traditional wagers because they usually require you to bet on multiple horses in a single race or horses across different races. As a result, they’re riskier than straight-up bets, but they offer much higher potential returns.
Exactas, trifectas, and quinella are some of the most common exotic bet types, and we run through each of these bets in detail below.
How do Exotic Bets Work? - Types of Exotic Bets
Here are some of exotic bets you can place on horse racing of which you can place exactas, trifectas and quinellas on Stake:
Exactas
As the name of this bet suggests, an exacta is an exotic bet where you pick the winner and runner-up in a specific horse race.
Trifectas
In a trifecta exotic bet, you need to pick the first, second, and third-placed horse in a race. In a trifecta, as with an exacta bet, you must get the order correct, making it even more lucrative when your picks come in.
Quinella
While a trifecta runs from first to third, a quinella, also known as a superfecta, bet runs from first to fourth. In other words, you must pick the first four finishers in order. That's a tough ask, but the rewards can be huge.
Daily Double
A great way to bet on a horse racing festival is to place a daily double bet. Here, you bet on two horses to win their respective races on the same day of a festival for added excitement.
How to Wager Exotic Bets on Horse Racing
Though exotic horse racing bets sound complex, they’re easy enough to understand. You can place each bet type at Stake Sportsbook, so you need to create an account and deposit funds to begin.
Navigate to our horse racing betting page and find the upcoming races you can bet on. Consider the odds available and place an exacta or trifecta bet on the races you fancy. You can also live stream the action from many racecourses directly from your Stake.com account.
What Bet Types are Now Available on Stake?
Quinella: Pick the winner and runner-up in a specific race in any order.
Exacta: Pick the winner and runner-up in a specific race in the exact order.
Trifecta: Pick the first three places in a specific race.
First Four: Pick the winner and next three places in a specific race.
Odds for exotic wagers work much like odds attached to parlay or accumulator bets. The more selections you make, the more you can expect to win. For instance, the odds attached to a quinella will be higher than those presented for an exacta bet.
However, you need to weigh up the risks and rewards. Betting on a quinella is riskier than betting on a trifecta, hence the enhanced odds.
It makes sense to start with an exacta bet, as this is the least risky of all exotic wagers. You can then work through the different wagers as you become more experienced and improve how you research upcoming races.
If you successfully place an exotic horse racing wager at Stake.com, you can expect your payout to land in your account instantly. Learn more about deposits and withdrawals at Stake.com below.
How to Deposit Funds to Bet on Horse Racing
You can place horse racing bets at Stake Sportsbook by depositing in a local fiat currency or via cryptocurrencies.
Right now, you can play at Stake.com with the following local currencies – ARS, CLP, JPY, INR, and PEN. Depending on your preferences, you can also view your balance in numerous other currencies too. You can find more information about our local currency options on our community forum, as well as our local currency payment guide.
To place horse racing bets with crypto, you can easily deposit crypto units into your account using coins like BTC, ETH, Doge, and LTC. You can find the full list of available cryptocurrencies on our blog, as well as our recommendations and guide for choosing the right coin for you.
Moonpay supports multiple payment options, including Visa, Mastercard, Apple Pay, Google Pay, and others, to buy cryptocurrency to place horse racing bets. For a full list of supported payment options, please refer to the Moonpay documentation.
Learn how to use the Stake Vault to securely store your funds online for all future bets at Stake Sportsbook. You can also read our crypto security guide to learn more about keeping your funds safe and secure at Stake.com.
Please always remember to bet within your means and gamble responsibly. You can find out how to stay in control with our Stake Smart guidelines. You can also use our monthly budget calculator to determine how much of your disposable income to allocate to gambling.
Exotic Betting Tips & Strategies
Exotic betting is a great way to elevate the excitement of betting on horse racing. Here are some tips to help you win:
Always weigh up risk and reward when placing exotic wagers. Though the odds are inviting, the risk is higher.
Study form and check a runner’s past performance at a particular racecourse before backing them in an exotic wager.
As there is an increased risk attached to exotic betting, use Stake’s sport promotions and bonuses available to boost your bankroll.
Check out our sports betting guide for more tips you can refer to as you bet on the biggest horse racing events this year. Be sure to check out our ultimate guide to betting on horse racing for more information.
Get tips from the experts. We're thrilled to partner with racing legend Frankie Dettori to bring racing fans closer to the action than ever. Known as the World's Greatest Jockey, Frankie regularly offers expert tips, predictions & horse betting promotions on Stake, So keep your eyes peeled.
Advantages of Placing Exotic Wagers
Even if you only try them out from time to time, exotic wagers are a great way to improve your sports betting experience, with the following advantages:
Exotic wagers offer you the chance to win more money, given their enhanced odds.
When part of a responsible gambling strategy, exotic wagers can add excitement to your betting approach, with multiple legs in the same betting slip.
Exotic wagers are a form of flexi-betting, letting you set your wager amount and manage your bankroll more efficiently.
Final Things to Consider: Sports Betting Rules, Regulations & Security
Exotic bets are an excellent option for your horse racing betting strategy. Make sure you understand the details of exotic bets and test each approach on the biggest races in the calendar. For more information about betting at Stake.com, refer to our terms of use.
