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A quinella is commonly used in horseracing and is similar to an exacta or perfecta, in that the punter must select the winning two horses. The difference is that the winning two horses can be in any order.
Out of 20 horses in race, a quinella winner might decide to choose “Gold Star” and “My Lucky Russian” to be the two horses to place 1st and 2nd. If both of these horses place 1st and 2nd the punter wins, but if one of them only places the bet is lost.
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