DAILY DOUBLE
This is the first or many exotic wagers. To win the player must pick the winner in two consecutive races. Most racetracks offer the daily double as the first and second race, which is known as an early daily double, and then again for the last two races, which is known as the late daily double.

STRATEGY
This wager is difficult in that the player must pick back to back winners. Many players do not even handicap this type of wager, they just play numbers, such as daily lottery game.

The more experienced player will handicap the races and pick a preferred runner. This runner is known as the key. The player will place the key horse with several other runners who are marginal runners, also known as "savers." This can be done in both halves of the particular double or with just one half, usually the first half. If the player keys a runner in the first half of a double with one or more runners in the second race, the wager is known as apart wheel. If a player keys a runner with all the runners in the second half of the double, it is called the daily double wheel.

QUINELLA
This wager requires the player to pick the runners that will finish the race in first and second in either order. it is similar to the exacta box but does not cost as much as an exacta box. Many racetracks no longer offer this wager, although where it is available it is popular.

STRATEGY
The player normally plays the top two favorites in the race. This wager also can be played with the runners other than the favorite. This method would result in higher payouts to the player if the runners come in.