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Exhibition is a word with several meanings.
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An exhibition is a display of items. This can be an art exhibition, computer exposition or an industrial exhibition like a World's Fair. A more recent word for this is expo.
Exhibition is a sport involving horse and riders. Rather than being exhibition sports, these equestrian events are more usually considered as competitive events. There are a range of competitive equestrian events, but the so-called "English" events are dressage, showjumping (and hunter jumpers in the US), the three-day event (or horse trials), and showing (pleasure horse events, where the event is judged on presentation, equitation, and rideablity of the horse). Showjumping, eventing and dressage are the Olympic events, because they are the equestrian sports included in the Olympic Games. The Western competition events include the working cattle events, cutting and campdrafting (an Australian sport), barrel-racing and reining (sometimes called the Western version of dressage), amongst others. The trail events are endurance riding, and the judged trail events.
At the universities of Oxford and Cambridge, an exhibition is a financial award or grant to an individual student (an "exhibitioner"), normally on grounds of merit. The amount is less than a scholarship.
An exhibition game is a sports game played without competitive implications.