Quaddie Betting Term Meaning
A Quaddie is a bet type mainly used in horse racing where punters try to pick the winner of each of four nominated races. The bettor can select any number of possible winners in each leg with the cost increasing with each selection.
The Quaddie has become increasingly popular among punters especially in group betting. Prominent race meetings such as the Melbourne Cup attract more punters that increases the size of the prize pools.
The Quaddie is also known as a Quadrella.
How much can I win on a Quaddie?
A Quaddie is a type of pari-mutuel bet where all bets go into a pool. The winning dividend is calculated by dividing up the total pool among the winning bets.
Payouts for Quaddies can be anywhere between $40 and $100,000 depending on the results of each race. The 2018 Melbourne Cup Quaddie paid $25,194.50 which is a huge return for a $1 stake.
If the favourites win each race, payouts will be significantly smaller than outsiders our roughies winning each race. The more difficult the Quaddie is to win, the higher the return will be.
Flexi Quaddies can reduce the cost of the wager but also reduce the size of the payout. Punters take a percentage of the dividend dependent on their initial outlay.
If a full unit costs $40, a punter can take 25% of the unit at a cost of $10. If the full unit returns $1000, the punter with 25% will receive $250.
How do I place a Quaddie?
Placing a Quaddie is easy. Study the races selected by the bookmaker, select your runners in each race and complete the betting slip. You must make at least one selection in every leg.
How much does a Quaddie cost?
The cost of a Quaddie is determined by how many runners are selected in each leg. Adding more selections in each race can significantly increase the stake so take note before confirming your bet.
What is a Quaddie?
A Quaddie is a bet type where bettors select the winner of each of the four nominated quaddie races or legs.