A quaddie is a betting 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 the quaddie bet is calculated by multiplying the number of selections in each leg. The quaddie can also be referred to as a quadrella.
All quaddie bets go into a pool, which is divided among winning bets. The payouts for quaddies can range from $40 right up to $100,000 depending on the results of each race. Quaddie dividends are declared for a $1 unit.
The tote now offers flexi bets on quaddies whereby punters can reduce the cost of the quaddie bet in return for a reduced payout. The flexi quaddie brings the quaddie into reach of less serious punters who no longer have to fork out so much. Punters can take a percentage of the quaddie from anywhhere between 1% – 100%.
The example shows a quadrella bet where the bettor has picked a varying number of selections in each leg. If the bet is successful the quaddie dividend will pay $813.10
If the punter decided to put a 20% flexi quaddie on using the same example above, the cost of the quaddie would be $16.80 and the payout if successful would be $162.60.
Online bookmakers now offer quaddie betting to their customers. They simply agree to payout the value of the dividend declared by the tote. Be aware that some bookies have maximum payout limits on exotic betting.