Definitions for exactaɪgˈzæk tə
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Random House Webster's College Dictionary
ex•act•aɪgˈzæk tə(n.)(pl.)-act•as.
a type of bet, esp. on horse races, in which the bettor must select the first- and second-place finishers in exact order.
Category: Games, Sport
Origin of exacta:
1960–65; ellipsis of AmerSp quiniela exacta exact quinella
Princeton's WordNet
exacta, perfecta(noun)
a bet that you can pick the first and second finishers in the right order
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