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A boxed bet is a type of bet that covers all possible combinations of a set of outcomes in no specific order. A boxed bet is usually applied to exotic bets that require picking the exact order of finish of two or more outcomes, such as exactas, trifectas, superfectas, etc. For example, an exacta bet requires picking the first and second place finishers of a race in the correct order. A trifecta bet requires picking the first, second, and third place finishers of a race in the correct order. A superfecta bet requires picking the first, second, third, and fourth place finishers of a race in the correct order.
A boxed bet allows the bettor to select two or more outcomes and place a bet on all possible combinations of them in any order. For example, a boxed exacta bet with three outcomes (A, B, and C) would cover six possible combinations: A-B, A-C, B-A, B-C, C-A, and C-B. A boxed trifecta bet with four outcomes (A, B, C, and D) would cover 24 possible combinations: A-B-C, A-B-D, A-C-B, A-C-D, A-D-B, A-D-C, B-A-C, B-A-D, B-C-A, B-C-D, B-D-A, B-D-C, C-A-B, C-A-D, C-B-A, C-B-D, C-D-A, C-D-B, D-A-B, D-A-C, D-B-A, D-B-C, D-C-A, and D-C-B.
A boxed bet works by multiplying the number of outcomes selected by the number of possible combinations they can form. The result is the number of bets that are placed and the cost of the boxed bet. For example, if a bettor wants to place a $1 boxed exacta bet with three outcomes (A, B, and C), he or she would have to pay $6 ($1 x 6 combinations). If a bettor wants to place a $2 boxed trifecta bet with four outcomes (A, B, C, and D), he or she would have to pay $48 ($2 x 24 combinations).
A boxed bet pays out if any of the covered combinations matches the actual order of finish of the event. The amount of payout depends on the odds of each outcome and the type of bet. For example, if a bettor places a $1 boxed exacta bet with three outcomes (A at 2-1 odds, B at 3-1 odds, and C at 4-1 odds) and the actual order of finish is A-B-C, he or she would win $12 ($1 x 2 x 3 x 2). If the actual order of finish is B-A-C or C-A-B or any other combination involving A and B in the first two places, he or she would win $12 as well. However, if the actual order of finish is C-B-A or B-C-A or any other combination involving C in the first place, he or she would lose the bet.
A boxed bet can be used when the bettor is uncertain or indecisive about the exact order of finish of multiple outcomes. A boxed bet can also be used when the bettor wants to increase his or her chances of winning by covering more possibilities. A boxed bet can be especially useful when there are several outcomes that have similar odds or performance levels.
However, a boxed bet should not be used indiscriminately or excessively. A boxed bet should be used selectively and strategically, depending on the type of event, the number of outcomes, the odds, and the budget. A boxed bet should also be compared with other types of bets, such as straight bets, key bets, wheel bets, etc., to determine which one offers the best value and return.
A boxed bet has some advantages and disadvantages that should be considered before placing one. Some of the advantages are:
Some of the disadvantages are:
A boxed bet is a type of bet that covers all possible combinations of a set of outcomes in no specific order. A boxed bet is usually applied to exotic bets that require picking the exact order of finish of two or more outcomes, such as exactas, trifectas, superfectas, etc. A boxed bet works by multiplying the number of outcomes selected by the number of possible combinations they can form. A boxed bet pays out if any of the covered combinations matches the actual order of finish of the event. A boxed bet can be used when the bettor is uncertain or indecisive about the exact order of finish of multiple outcomes or when the bettor wants to increase his or her chances of winning by covering more possibilities. However, a boxed bet should not be used indiscriminately or excessively. A boxed bet should be used selectively and strategically, depending on the type of event, the number of outcomes, the odds, and the budget. A boxed bet should also be compared with other types of bets, such as straight bets, key bets, wheel bets, etc., to determine which one offers the best value and return. A boxed bet has some advantages and disadvantages that should be considered before placing one.