What is a Pentafecta/Hi-5 Bet in Horse Racing?

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Pentafecta/Hi-5 Bet

A pentafecta bet, also known as a super hi-5 bet, is a wager that requires the bettor to correctly predict the winner and the runner-up, along with the third-, fourth- and fifth-place finishers, of a particular race — in exact order. Given the difficulty of such an endeavor, it should come as no surprise that pentafecta/super hi-5 payoffs are often lottery-like in scope. For example, the 2019 Kentucky Derby resulted in a pentafecta/super hi-5 that paid $544,185.90 for every dollar wagered.

Variations of this bet include a pentafecta/super hi-5 box, a pentafecta/super hi-5 key and a pentafecta/super hi-5 key box.
 
What is a pentafecta/super hi-5 box?
 
A pentafecta/super hi-5 box is a wager in which the bettor plays a variety of horses to finish either first, second, third, fourth or fifth — in any order. The cost of the ticket is determined by the base bet amount and the number of combinations. For example, a 50-cent pentafecta/super hi-5 box with five horses would cost $60 ($0.50 x 5 possible winners x 4 possible second-place finishers x 3 possible third-place finishers x 2 possible fourth-place finisher x 1 possible fifth-place finisher).  
 
What is a pentafecta/super hi-5 key?
 
With a pentafecta/super hi-5 key — or pentafecta/super hi-5 key wheel — a bettor uses one horse in the win position (“on top”) and numerous others in the place, show, fourth- and fifth-place positions (“underneath”). The cost of the ticket is based on the base bet and the number of combinations used underneath. Thus, a 50-cent pentafecta/super hi-5 key with four horses underneath would cost $12 ($0.50 x 4 possible second-place finishers x 3 possible third-place finishers x 2 possible fourth-place finishers x 1 possible fifth-place finisher).
 
What is a pentafecta/super hi-5 key box?
 
This bet is very similar to a pentafecta/super hi-5 key, except that the key horse can finish either first, second, third, fourth or fifth — as long as at least four of the other horses on the ticket finish in the top five.
 
Again, the cost of this wager is determined by the number of combinations multiplied by the base bet. So, a 50-cent pentafecta/super hi-5 key box of 1-2,3,4,5,6 would cost $300. This is determined as follows: $0.50 x (1 x 5 x 4 x 3 x 2 + 5 x 1 x 4 x 3 x 2 + 5 x 4 x 1 x 3 x 2 + 5 x 4 x 3 x 1 x 2 + 5 x 4 x 3 x 2 x 1).

 

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