exacta

/ɪɡˈzæktə/
noun
  1. A type of bet in horse racing where the bettor must pick the first and second place finishers in the exact order.
    • She won a lot of money by placing an exacta on the race.
    • The exacta paid out $150 because the longshot horse came in second.
    • He studied the horses carefully before betting on an exacta.
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