This was the first time I won an Exacta and lost money on it!On the Exacta you have to pick the 1st two horses in the race in the right order.I bought a $2 ticket boxed on 4 and 8 meaning 4 & 8 can come in either order for an extra $2.Cost of ticket $4.00....payout $3.90.....I lost a dime....lol.