The most common types of exotic wagers are Exacta and Trifecta bets, which require predicting the top two or three finishers in a race. When betting an Exacta, the bettor predicts the top two finishers in the correct order. A Trifecta bet requires picking the top three finishers in the correct order. If the bet wins, the ticket could be worth a small fortune, but the horses must come in the exact predicted order, which is why these bets are hard to hit. Bettors who don’t mind shorter, but still long, odds can choose to box either an Exacta or Trifecta bet, winning so long as the predicted horses finish in the top two or three places in any order. A boxed Trifecta bet costs more than a standard Trifecta bet, due to the number of possible winning combinations it covers.