Quadrella betting explained further

Your lay bet wins if anyone except Hay List wins, and loses if Hay List does win. Unlike back bets, you double your money minus commissions if you are correct, and have to pay out at the agreed odds if you are wrong. For this reason with a lay bet you are essentially playing the role of the bookmaker. Bet categories Single bet straight up bet — a bet on a single outcome within a particular event or tournament.

Multi bet multiple, accumulator, parlay, all-up — a bet that includes simultaneous selections on two or more outcomes for two or more events. If a least one of the outcomes does not occur then the bet automatically loses.

The multi bet odds equal the product of the individual selection odds. Multi betting is discussed in detail later in the guide. The odds are fixed once the wager has been placed. Tote betting parimutuel betting — a form of wagering in which all bets of a particular type are placed together in a pool. In Australia it is known as the Tote after the totalisator which calculates and displays bets already placed.

With the Tote the bookmaker displays the approximate odds that they believe you will receive. This approximation is based on the quantities of bets received to that point. Starting Price SP — the odds at the on-course fixed-odds betting market at the time that a race begins.

Top Tote Best Tote — a market that pays out using the highest odds from a range of Totes e. Mid Tote Midi Div — a market that pays out using the middle odds from a range of Totes e. Race types Flat racing — straightforward racing around a track Steeplechasing — races that involve jumping over fence and ditch obstacles Harness racing — races where horses trot or pace while pulling a driver in a cart known as a sulky Equine terms Note that in Australian Thoroughbred racing, colts and fillies are defined as less than four years old, while in the British Isles, Thoroughbred horse racing defines colts and fillies as less than five years old.

Colt — a male horse under the age of four Filly — a female horse under the age of four Foal — a horse of either sex less than one year old Gelding — a castrated male horse of any age Mare — a female horse that is four years old or more Pedigreed — a horse that has a known, recorded ancestry. This ancestry is often is tracked by a major registry. Purebred purebreed — a horse that has been cultivated through the use of selected breeding Stallion — a non-castrated male horse four years old and older Thoroughbred — a breed of horse best known for its use in horse racing.

Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed. Yearling — a horse of either sex that is between one and two years old Race wager types Win — a bet the the runner will place first Place — a bet that the runner will place first, second or third. This bet is only offered if there are five or more runners. Each-way — a combination of Win and Place.

Exacta — a bet on which runner will finish first, and which will finish second, in the correct order. For smaller fields, only first and second finishes will count, and place bets will not be allowed in fields of less than five. The Each Way Bet It combines the win and place bets. Get a higher return if your horse wins and a lower return for a place.

Starting Price Odds Place a bet at Starting Price odds SP with bookmakers and receive the official fixed price of each runner at the close of betting. The Top Fluctuation Bet It is a bet placed and is available on most city race meetings and it guarantees the bet will be paid out at the best fluctuation odds offered by on-course bookmakers. Top Fluctuation bets must be placed before the betting ring opens, usually 30 minutes before the race start. The Fixed Odds Bet Choose the winning horse and get paid based on locked-in odds.

If the odds lengthen or shorten after you place your bet, it does not affect your return. The Quinella Bet Choose the two horses to finish in first and second, in either order. Receive a return based on the total money in the quinella pool. Box quinella: Choose as many horses as you like, but two must finish in the top two places.

Standout quinella: Choose a group of horses to finish specifically first and a group to finish second. Each group must provide a runner in the designated place if returns are to be paid. The Exacta Bet Choose the first and second placed runners in the right order. Box exacta: Choose a group of runners for your exacta bet. The Trifecta Bet Choose the first three placing horses in the right order.

Box trifecta : Choose groups of horses for each place. One horse from each group must finish in the designated place in order to pay out. Standout trifecta: Choose the first placed horse and then choose groups of horses you think will place second or third. The First Four Bet Choose the first four horses in the correct order. Straight first four: Choose four horses and four finishing positions. Get the correct horses in the correct order. Box first four: Choose groups of runners for the first four positions.

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These are published on our racing tips and best bets page. Usually, 2 horses in each leg are suggested for Sydney and Melbourne races. When the opportunity arises, a different way of betting the quadrella is suggested, such as taking an anchor leg see below. On VRC Oaks Day in , Villagebet selected the quadrella with 2 selections per race, which paid several thousand dollars. That was some day! Strategies to bet the quadrella Selecting the quadrella is not just a matter of picking the winner of four independent races.

The most successful quadrella punters employ specific strategies to cover what they believe are the most likely outcomes over the 4 races while minimising bet outlay. Most quadrella punters vary the number of selections based on their relative confidence in each leg. For example, there may be one particular leg that has only 2 or 3 real chances. In another leg, there may be as many as 8 to 10 horses capable of winning. Anchor leg It is best that you identify a leg in which you are extremely confident of selecting the winner.

Then you have only 3 other races to spread your selections. Not every leg will have a Winx. Often there is one race, the anchor leg, in which you can confidently pick the winner without including other horses. Remember though. If there is a short priced favourite , every other punter will include that horse in their combinations.

This will reduce the potential payout. Skinny leg Not as extreme as the anchor leg, a skinny leg is when you select only a small number of horses in that leg, relative to the number of selections in other legs. There are valid reasons for including a skinny leg.

It may be your best bet of the day. Or you believe there are only a couple real chances. The main advantage is that you reduce the overall bet commitment. Of course the disadvantage is the risk of leaving out the potential winner of that leg. Field leg Another strategy is to take the entire field in one or more of the legs, and concentrate on finding the winners of the other legs. Look for legs with fewer runners because you can take the field in these races without excessively increasing cost.

One version of this strategy is to take the field in the final leg. It usually means you must go skinny in the first 3 legs to minimise cost, but if you have all possible chances in the last, it can be quite an exciting experience! Another variety is to take the field in two legs, and go one or two out in the other two legs. This can cost a bit but you can use flexi-betting to reduce the outlay. Money leg As tempting as it is, the problem with including favourites is that the payout will be small, often too small to justify the total outlay.

In order to ensure a profit on the quadrella, you must try to find some value selections. The leg that ensures a decent payout. Make sure you include selections that will lead to a profitable return. Funnel approach Another way to bet the quadrella is to use the funnel approach. Select many horses in the first leg, around 5 to 10 horses.

Use less in the second leg, perhaps 3 — 6 horses. In the third, only one or two selections. In the final leg, select only one horse. This strategy should keep you alive at least for the third leg and with luck, possibly into the final leg. How exciting to have a live chance in the last leg of the quaddie! A quaddie is a bet type whereby the bettor must select the winner of each of the four nominated quaddie races. The bettor can select any number of possible winners in each leg.

The cost of a quaddie bet is calculated by multiplying the number of selections in each leg. The quaddie can also be referred to as a quadrella. A quaddie is a form of pari-mutuel betting where all bets go into a pool, the winning dividend is determined by dividing up the total pool among the winning bets. Example of a quaddie bet The example shows a quadrella bet where the bettor has picked a varying number of selections in each leg.

Betting sites that offer quadrella betting The best online betting sites offer quaddie betting to their customers.