the 3/5 exacta won. $1 track payout was $4.90
bet 1 won. since bet 1 had only two horses, one being the winner (top horse) the 5 became a cold exacta bet returning $4.90 on the dollar. delete $1 for losing play #2, the net return on the play was $3.90. the $1 win bet returned only $2.40.
the play outperformed the win bet by 163%. of course it's your job to pick the winner
, I just supply the place horse and bet size
a bit wordy but that's the story