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Douglas Harper's Etymology Dictionary
exacta

type of horse-racing bet involving picking the first two horses in a race in order of finish, 1964, said to have originated in New York; from exact (adj.).

Wiktionary
exacta

n. A bet in which the bettor must correctly pick the two runners who finish first and second, in the correct order.

WordNet
exacta

n. a bet that you can pick the first and second finishers in the right order [syn: perfecta]

Usage examples of "exacta".

Even this cycle ride into Altgarten to fetch some razor blades for the guard commander held promise enough for both boys to be carrying their new Exacta cameras.

Max why we might want to consider investing a significant chunk of our betting kitty in a ten-dollar exacta wheel tomorrow night.

Quiero dar las gracias a Sue Reynolds por la reproducción exacta de Fionavar, y a mi agente John Duff, que estuvo a mi lado desde el principio.