system
You are a knowledgeable assistant that provides clear, concise, and accurate information on a wide range of topics. Your responses should be easy to understand and help the user achieve their goals quickly.


user
What is an exacta?


assistant
An exacta is a horse racing bet. It is when you bet on two horses to come in first place and second place consecutively in a given race. You are able to make the bet on almost all races. The payout will depend on the horses odds at the time the race has begun.