Q. WHAT DOES EXACTA SYSTEMS DO?
Exacta Systems is in the business of Historic Horse Racing, also known as Racing-Based Games, the exciting new market of electronic pari-mutuel entertainments.
Q. DESCRIBE THE EXACTA SYSTEM.
The Exacta system offers pari-mutuel racing games based on the results of previously run horse races. Exacta uses the Triple Race Method™ to create its game-playing challenge. Players attempt to predict the outcome of three historic races and receive payouts based on the number and sequence of correct selections. For each wager the races are drawn from a database of tens of thousands of officially documented previously run horse races.
Q. ARE THE RESULTS RANDOM?
No. The Exacta System does not use a “random numbers generator” to produce results and payouts. Just like a live race, payouts are based on the size of the pari-mutuel pool and level of difficulty associated with predicting the finish of the races. Players can use handicapping information that the system provides and apply their own skills to make predictions on the outcomes of the races.
Q.HOW ARE PAYOUTS DETERMINED?
Like all pari-mutuel pools and payouts, the Exacta System rewards players based on degree of difficulty and the size of the pari-mutuel pool. Correctly selecting the winners of the three races pays more than selecting the first two winners. Picking the correct order of the top three finishers of one of those races in such a scenario creates a larger payout. The fact that players can easily recognize and understand these sequences and results adds to the unique attractiveness of the Exacta System and its compatibility with live horse racing. Just like in live pari-mutuel horse racing, pools and payouts are constantly changing as players make their bets.
Q. DOES EXACTA PERFORM THE FUNCTIONS OF A TOTE SYSTEM?
Yes. The Exacta System internally calculates pools and payouts according to accepted pari-mutuel requirements. The monitoring and controls elements are robust, and reports can be tailored to suit the requirements of any and all jurisdictions, regulations and/or business customers.
Q. WHY HAS EXACTA ENTERED THE HHR MARKETPLACE?
Competition is always good, and in this case it is vital for the future of the HHR business and its racing industry stakeholders to see a vibrant marketplace that produces the best consumer product possible at the best price possible.
Q. IS THE EXACTA SYSTEM PARI-MUTUEL?
Yes. The Exacta System fits squarely within the definition of “pari-mutuel“ wagering in that the operator does not have a stake in the outcome of the wager, and the net pool is returned to the players.
Q. HOW DOES SKILL COME INTO PLAY?
At the basic level, the player can choose to use the Exacta AutoCap™ at any time. AutoCap automatically orders the race(s) in question according to the off-odds of the race when it was originally run, immediately creating a statistical advantage. In addition, the player can choose to review handicapping data for each race, presented in an understandable and useful format, and can then re-order the horses by simply moving the numbers up and down on the touchscreen.
Q. WHAT IF THERE ARE ONLY ONE OR TWO PLAYERS AT A GIVEN MOMENT?
Exacta pools always carry minimum pool (seed) guarantees that assure payouts are available to players at all times. This is similar to a race track offering a “guaranteed pool” minimum for a Pick Four or a Pick Six.
Q. HAS THE EXACTA SYSTEM BEEN TESTED BY AN INDEPENDENT AUTHORITY?
Yes. The Exacta System and its individual games have successfully undergone the rigorous testing of Gaming Laboratories International (GLI), the gold standard in technical review and authorization of wagering software and hardware. Racing commissions and other regulatory agencies typically rely on GLI for assessment of the most complex technical matters associated with wagering systems.
Q. ARE EXACTA GAMES COMPATIBLE WITH ARCI’S MODEL RULES?
Yes. All of the Exacta Games have been developed based on an Association of Racing Commissioners International model wagering rule.
Q. WHAT IS EXACTA DOING TO ADDRESS THE NEED FOR GAME VARIETY?
Success with players depends on the quality and variety of your offerings. Exacta Systems has a current game library of 50+ HHR titles and expects to release several more in the coming months.
Q. HOW DOES THE EXACTA SYSTEM ARCHITECTURE SUPPORT THAT COMMITMENT TO GAME VARIETY?
Delivery and updating of a substantial, flexible, entertaining library of games requires investment in research and development by both the manufacturer and independent game creators. Exacta's “open architecture” is designed to be utilized by third party game developers in a straightforward and cost-effective manner, reducing the time to market for their games and helping to validate their decision to dedicate resources to HHR. By encouraging third party development and aggressively pursuing its own in-house advances, Exacta Systems will help ensure that operators have a constantly refreshed flow of game content to offer their players.
Q. WHAT ABOUT THE INTEROPERABILITY OF GAME VENDORS (“HOST SYSTEM”)?
The Exacta System is a SAS-based “plug-and-play” platform that enables operators to add multiple game vendors to maximize flexibility; use common ticketing (an important player-friendly feature); and enable consistent reporting for regulators and operators.