An Exacta is a type of bet placed in horse racing which requires the bettor to select the 1st and 2nd place finishers of the race in the correct order.This is more difficult than selecting only the winner of the race, and the resulting payouts for correctly placing an exacta bet are therefore correspondingly higher.

Called a perfecta in some New England (U.S.) states, though this particular use of nomenclature is widely considered to be anomalous.

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Video: xacta Magic Churchill Downs Horse Racing 10/29/08