How Bad is this Derby Betting Strategy?

[ateamstupid]

I agree with the masses that the exactas seem pretty wasteful. The trifecta tickets look like better bets, especially if you've got a few price horses.

The exactas kinda remind me of when Nick Lachey went to the Kentucky Derby and boxed all 20 horses in an exacta, apparently not realizing that the exacta had to pay $760 just for him to break even. Ended up being Smarty and Lion Heart, exacta paid $65. I was rollin'.