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What Is a Quinella Bet? How It Works and How It Differs From an Exacta

A quinella wins when your two selected horses finish first and second in either order. Learn how it differs from an exacta and why payouts and settlement rules vary.
From TheFinanceBase Team3 min to read
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A quinella is a horse-racing bet on two horses to finish first and second in the same race, in either order. If you choose horses 3 and 7, your selection wins if the official result is 3–7 or 7–3. A straight exacta requires those same horses to finish in the order named on the ticket.

How a quinella works

You select two horses, or the wagering interests offered by the track, in one race. The bet wins only if those selections occupy first and second place in the official result; which one finishes first does not matter. Ohio’s rule describes it as one combination on a single ticket, with finishing order immaterial. Ohio Administrative Code Rule 3769-3-20 took effect January 26, 2024.

For example, a quinella on horses 3 and 7 covers both possible winning orders: 3 first and 7 second, or 7 first and 3 second. It does not win if either horse finishes third or lower, even if the other selected horse wins.

Quinella vs. straight and boxed exacta

Bet What must happen Order covered Cost consideration
Quinella Your two selections finish first and second. Either order. Check the track’s minimum stake and ticket rules.
Straight exacta Your first selection wins and your second selection finishes second. One specified order. Ticket cost depends on the local minimum and stake.
Boxed exacta The selected horses finish first and second. Multiple orders, according to the box. NYRA says boxing an exacta increases the wager cost; check the ticket’s combinations and price.

NYRA summarizes a quinella as picking the first two horses in either order, and explains that boxing an exacta covers selected horses in any order at additional cost. The available tickets and their prices can vary by operator. NYRA’s wagering guide explains these bet types.

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How much a quinella pays

There is no universal fixed payout. At NYRA tracks, quinella wagering is pari-mutuel: bets of the same type go into a pool, the track deducts its share, and the remaining amount is distributed according to the winning tickets. The pool and final return depend on the wagers placed before betting closes; displayed odds can change as money enters the pool. This description applies to NYRA’s pari-mutuel explanation, not every wagering format or jurisdiction. NYRA’s wagering information lists an 18.5% takeout for Aqueduct Exacta, Quinella, and Daily Double pools; that rate is specific to Aqueduct’s listed rates and should not be assumed for another track.

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Availability, scratches, and dead heats

Rules differ by track and jurisdiction, so confirm the race and settlement terms before betting. A quinella may not be offered on every race: the Illinois Racing Board advises bettors to check the official program for races designated for quinella wagering. Illinois Racing Board wagering rules describe that guidance.

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Picking Winners: A Horseplayer's Guide
  • Picking Winners By Beyer Andrew
  • Minimum stake and ticket format: Check the operator’s current program or wagering interface. Do not assume another track’s minimum or ticket format applies.
  • Scratches: Handling is local. NYRA says a late scratch involving a horse selected in a quinella at its tracks receives a refund under its listed policy. Racing NSW says combinations containing a scratched runner in its listed quinella/exacta group are refunded. Ohio’s rule contains its own refund provisions. These examples are not a universal rule.
  • Dead heats or no winning ticket: Settlement may depend on the governing rules. Ohio’s rule specifies contingencies for dead heats and situations where no ticket holds the winning combination; those provisions apply in Ohio, not everywhere.

If placing a totalisator bet at a Racing NSW outlet, its beginner’s guide advises stating the track, race number, unit, wager type, and horse numbers, then checking the ticket before leaving the window. Racing NSW’s beginner’s guide sets out that process.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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