Quinella Betting Term Meaning

A Quinella is a popular bet in horse racing, trots and greyhound racing where punters select the first two runners in any order. They are a common bet type in horse racing due to the rewarding payouts and fact that two selections can finish 1st and 2nd in any order.

Quinella payouts depend on the size of the quinella pool. Even if the two favourites finish first and second, quinella payouts can still be profitable.

Boxed Quinella


A Boxed Quinella allows punters to pick as many runners as they wish to finish 1st and 2nd in any order. The more runners selected in a boxed quinella, the more combinations are possible but the cost of the bet will increase.

A two-horse quinella costs $1 for a 100% return of the quinella payout. A three-runner quinella for $1 will cost $3 to cover all three possible combinations. Selecting five runners in a boxed quinella would cost $10 for a $1 unit.

Standard Quinella


A Standard Quinella is simply selecting only two runners in the race. Both runners must  finish first or second in any order. Punters can bet any amount on a standard quinella, a $5 quinella will give you 500% of the quinella payout.

Standout/Banker Quinella


A Standout or Banker Quinella is where a punter selects as many runners as they want, but one of the runners must finish 1st or 2nd in the nominated selection.

The best part of using Standout or Banker Quinella is you only pay the price for the runner that wasn't banked.

Standout/Banker Quinella example:

Banker: (1) Might & Power

To finish second: (3) Winx, (6) Dancing Sun, (8) Metallic.

This 1/3 selection costs only $3 for a $1 unit.

Quinella Combinations and Costs


There are many different combinations available for quinella punters. One common problem is calculating the cost of each combination.

Here is the table for runners 2 through to 24. The maximum amount of runners you can select in Australia is 24 as that is the limit of horses allowed in each race.

Runners – Cost

2 – $1
3 – $3
4 – $6
5 – $10
6 – $15
7 – $21
8 – $28
9 – $36
10 – $45
11 – $55
12 – $66
13 – $78
14 – $91
15 – $105
16 – $120
17 – $136
18 – $153
19 – $171
20 – $190
21 – $210
22 – $231
23 – $253
24 – $276

Boxing 24 runners in the Melbourne Cup would cost $276 for a $1 unit. That may seem like a significant outlay, but the 2013 Melbourne Cup would cost $276 for a $1 unit. That may seem like a significant outlay, but the 2013 quinella paid $169.10 even with the favourite winning the race.

The quinella in the 2012 Melbourne Cup paid $506.90 when Green Moon beat Fiorente to the finish line. 

The Melbourne Cup is an extreme example due to the high number of runners and prize pool. In a smaller race with 10-12 runners the pool and payout is likely to be significantly smaller.

How to place a Quinella


Online bookmakers have made it simple to place a quinella bet. Select the race, select the runners and add them into a quinella quinella.

For Boxed Quinellas and Standout/Banker Quinellas, select the horses to come 1st or 2nd. Select your stake and take note of the total amount before confirming your bet.

Quinella FAQ

What is a Quinella?

A Quinella is a bet in horse racing, trots and greyhound racing where punters select the first two runners in any order.

What are the different types of Quinellas?

The different types of Quinellas are Boxed Quinella, Standard Quinella, Standout Quinella and Banker Quinella.

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