The term Pimlico Play is a combination of two words, EXACTA and Pimlico. EXACTA is a type of bet in horse racing where the bettor must pick the exact order of the first two finishers in a race. Pimlico is a racetrack located in Baltimore, Maryland, which is home to the Preakness Stakes, the second leg of the Triple Crown of Thoroughbred Racing. Pimlico Play is a wager that combines the EXACTA bet with the Pimlico racetrack, allowing bettors to pick the exact order of the first two finishers in a race at Pimlico.