An exacta bet in horse racing involves picking the first two horses to finish the race in the correct order. This can be a challenging bet to win, but it often offers a higher payout than other simpler bets.
There are different types of exacta bets, including straight exacta, box exacta, and key exacta. In a straight exacta, you must pick the exact order of the top two horses. In a box exacta, you can pick the top two horses in any order, but this increases the cost of the bet. In a key exacta, you choose one horse to win the race and select two or more horses to finish second in any order.
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