Quinella bets belong to the exotic types of horse racing bets as well as being closely related to the exacta bets. Keep in mind, nonetheless, that there are differences between the two types of exotic bets that newbie punters should take careful note of.
First and Second, In Any Order
In a quinella bet, the punter chooses two horses to finish in first and second places, in any order. This means that either one of the horses can finish in first place while the other horse finishes in second place, not in an exact first place and second place order.
The quinella bet is exactly the same as the exacta bet but with a difference – the payoffs can substantially vary between the two types of bets. Since you do not have to determine the exact order of finish that the two selected horses will make at the finish line, you have the opportunity of not betting as much money on the exact order. Your payouts will then be a little less than in an exacta bet but your chances of winning will be higher.
Bets and Payouts
For example, when you choose Horse #2 and Horse #3, you will collect on your winnings as long as both racehorses take the first and second place, known as Win and Place. In a quinella bet, you can place a $2 minimum bet on both possible finishing orders but since your bet is halved, your payout in the event of a win will generally be halved, too.
In contrast, an exacta bet requires an additional wager for every possible winning combo. Thus, an exacta bet will require $4 for the same $2 bet on the quinella box.
Quinella bets also allow punters to play all of the possible combinations of racehorses that can land in the Win and Place positions. You can bet on as many as you want albeit your combos will be limited by the number of horses fielded.
For example, if you are interested in placing a 4-horse quinella box, you will have a total of 6 wagers covering all of the possible combos for these 4 horses. You can box #2, #4, #5 and #6 so that you will have a combo of 2/4, 2/5, 2/6, 4/5, 4/6, 5/6 for a total $6 bet. You will observe that it will not matter what horse wins or places for each combo because you can collect.
Of course, the total number of bets placed will depend on the number of horses in a quinella. For example, if you are wagering $1 per quinella, your total bet cost will be $2 in a 2-horse quinella, $10 in a 5-horse quinella, and $28 on an 8-horse quinella.
The payout for a quinella bet is related to the number of bets wagered on the quinella and exacta bets for the same horses, in comparison with the bets placed on other horses. Basically, the more favoured the picks are to win and place, the lower the payout will be. Experienced punters are then more likely to choose the less favoured long shots because these horses will have higher payouts on a winning quinella bet.
Quinella bets come in three types, namely:
• Straight quinella. This is the type of quinella bet described above where a punter places a single bet on two horses to Win and Place in any order.
• Quinella box. This requires more involvement because the punter chooses more than two racehorses, thus, paying more dollars for each possible Win and Place combination.
• Quinella wheel. This is similar to the quinella box except that the punter chooses one horse to be in all of the best while the other horses are combined.
Study the quinella bet and you may well take advantage of its greater chances for winning despite the lower payouts.