Quaddie (Quadrella) Bets Explained
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A quaddie, also known as a quadrella, is a popular horse racing bet that involves picking the winners of 4 nominated races at a race meeting.
Here are some key things to know about quaddie bets work in Australia:
- The quaddie is typically offered on the last 4 races of an 8 race meeting at metropolitan tracks. Sometimes other races may be nominated by the bookmaker.
- To win the quaddie, you need to select the winning horse in each of the 4 nominated races.
- It is essentially a parlay or accumulator bet across 4 races rather than just one.
- There is usually a large betting pool for quaddies, allowing for big potential dividends.
- If there are multiple winning quaddie tickets, the pool is divided amongst the winning punters.
- You can box horses when betting quaddies to cover more combinations.
- Most Australian betting sites and bookies allow flexi-betting on quaddies where you can purchase a percentage of the dividend.
- The quaddie offers a chance at a big return for a small outlay but is difficult to win with 4 legs.
How Much Do Quaddie Bets Cost?
There is no fixed cost for placing a quaddie bet – the cost depends on a few factors:
- Number of selections – The more horses you include in each leg, the more the bet will cost. Minimum is 4 selections (1 in each leg).
- Type of bet – You can box horses or take them to win. Boxing costs more as it covers more combinations.
- Bet amount per combination – Usually starting at $1 per combination, but you can spend more per combo.
- Betting percentage – You can take a ‘flexi’ quaddie and only bet 10% or 20% of the full amount.
Some example costs:
- 1 horse in each leg with $1 per combination = $1
- 2 horses per leg boxed with $1 per combo = $16
- 3 horses per leg boxed at $5 per combination = $540
- 20% flexi-bet on the above 3 horse boxed quaddie = $108
As you can see, costs can range dramatically based on your selections and bet size. But even small 20c or 50c combinations can win big dividends. Building multiple low cost combinations is a popular approach.
Calculating Quaddie Payouts
The quaddie dividend pool starts with the total amount of money invested into the quaddie for that race meeting. After the last quaddie leg, the total pool is divided by the number of winning units to determine the dividend.
A unit is a single combination of selections. So a $1 quaddie bet would equate to 1 unit.
If 100 winning units are sold and the pool is $50,000, each unit would pay $500 as the dividend.
- Quaddie pool: $200,000
- Total winning units: 40
- Calculation: $200,000 pool / 40 winning units
- Dividend per unit: $5,000
So if you had a $1 quaddie unit that won, your return would be $5,000. Having fewer winning units results in a higher dividend for each unit.
Jackpotting also comes into play if no one picks all 4 winners, where the pool jackpots to the next race meeting.
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