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quinella vs. exacta

[ kee-nel-uh, kwi- ]
noun
  1. a type of bet, especially on horse races, in which the bettor, in order to win, must select the first- and second-place finishers without specifying their order of finishing.
  2. a race in which such bets are made.
[ ig-zak-tuh ]
noun
  1. a type of bet, especially on horse races, in which the bettor must select the first- and second-place finishers in exact order.
  2. a race in which such bets are made.