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What does exacta mean?

Looking for the meaning or definition of the word exacta? Here's what it means.

Noun
  1. A bet in which the bettor must correctly pick the two runners who finish first and second, in the correct order.
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Examples
Waiting for exacta, trifecta, pick three, and other complex bets hurts the dissemination of win odds information.
But on a win basis Lonhro bombed out, she also would not have given you a collect on the quinella, trifecta or exacta.
There might just be a killer exacta or trifecta waiting for you.
The conservative player will play the exacta box bet and the occasional trifecta box wager.
Maybe if I hit the exacta with a long shot, I can redo the bathroom!
Jerry took a modest exacta, trying to select the first two horses past the post.

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