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quinella vs. exacta

[kee-nel-uh, kwi-] / kiˈnɛl ə, kwɪ- /
Also quinela,

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] / ɪgˈzæk tə /

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.