The exacta is an exotic wager where you bet on the exact win-place finish of a race. For example, if you bet a 4-5 exacta, the 4 horse must win and the 5 horse must place. If you box your exacta, it costs twice as much, but order wonâ€(tm)t matter.
In an exacta bet the punterbet on the correct order of first and second horses in a race. An exacta-boxed bet means that the punter specifies the first two horses to finish, irrespective of which order they come in.
A wager in which the first two finishers in a race, in the exact order of finish, must be picked. Fast: Official track condition when the surface is free of excessive moisture and at its best. Other track conditions are good, slow, heavy, muddy, sloppy and wet fast, describing various levels of moisture in the surface and its liveliness.