Quadpot

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Horseracing is one of the best loved sports in the world and also one of the oldest. Certain races in the season attract millions of viewers on television and the racecourses themselves are well attended throughout the year round fixtures. What makes them so popular is a combination of the thrill and thunder of the horses racing and the involvement we feel in the races when we have a flutter on the outcome.

Free Horse Racing Tips, Click Here! Betting and horseracing have always gone hand in hand and increasingly there are a great number of betting options. Multiple betting options offer a myriad of ways in which to get a return and Quadpot is one of those options.

Most people will place bets with a bookmaker, either on the high street or at the racecourse. Most often the bookmaker will provide certain odds for each horse in a race. The odds are calculated as a probability of that horse winning and so odds, or price of 5/1 (referred to as 5 to 1) on a certain horse is the probability that horse will win the race once in six attempts.

For the punter this means if they place the same bet given the same odds then they would require one win in six to break even. With a stake of £1, a winning horse at 5/1 would return £5 plus the stake of £1, or £6 in total.

At odds of 5/1 the chances of the horse losing are more likely than not and so this is called odds against, i.e. you are betting against the likely outcome of that horse losing. When the horse is more likely to win than not this will be reflected in a price which is 'odds on', which gives us that old cliche of 'odds on favourite'. 1/5 would be odds on and in this case the probability is that the horse will win five times out of six. The return on such odds reflects the likelihood of the horse winning and in this example a £1 stake would return the stake, plus winnings of 20p, or £1.20 in total.

Odds are given for the likelihoods and returns should the horse win. It is also possible to make place bets whereby you can get a return if the horse wins or is placed within a predetermined order in the race, which would be second or third place for most races and also down to fourth place for races with a high number of runners. The odds for a place are calculated as a fraction of the winning price, usually ¼ or 1/5, depending on the number of runners and type of race.

Place bets on their own are not generally accepted by bookmakers and are usually incorporating into an Each Way bet, whereby half of a total stake is placed on the horse to win and the other half on it to be placed. Note that a £5 Each Way bet means £5 for each part and will cost £10 in total. There is one national bookmaker who permits place betting and that is Tote.
Quadpot, inside rail

Shorthand for the Horseracing Totalisator Board, Tote has betting outlets in every racecourse in the country as well as in the high street and the betting system is different from the fixed odds of other bookmakers. Rather, Tote betting is parimutual betting, a pools system, and at the moment Tote is the only bookmaker in Britain allowed to offer pools betting on the horses. The system works by bettors making selections on any given race and placing their bet. All the bets are pooled and if that horse wins the race then all bettors who have made the same selection get an equal share in the pooled amount (less commission) per £1 staked.

Quadpot, winner The minimum stake for Tote betting on a single selection is £2. Where a punter will use the fixed odds given as an indication of the horse's chances and assess the payout should the horse come good, a Tote bettor is given a price quote which is based on the current dividend payout. The benefits of a pools system like Tote betting are numerous.

Firstly the initial stake can be very small in relation to the potential winnings for certain Tote bet strategies, like Quadpot, and secondly the system is relatively easy to understand, making Tote betting popular with those new to horseracing.

In fixed odds betting there are numerous ways in which to place multiple bet options, such as with doubles, trebles, accumulators and so on.

The same is true of tote betting and Quadpot is an example, and which works in the following way: the Quad of Quadpot refers to four races during a raceday fixture and these races are the third to sixth of the day. The bettor will make their selections for each of the races with the minimum stake for each selection being just 10p.

A number of selections in any single race can be made if desired and the stake would be calculated as the product and not the sum of the number of selections. So for example, say the bettor makes 3 selections for the first race and 2 for the last with a single selection for races 2 and 3, then, given a 10p stake for each selection, the overall stake for the Quadpot would be 3 x 1 x 1 x 2 = 6 x 10p = 60p. If no selections win or are placed then the bet is over regardless of what happens in subsequent races. A Quadpot bet is a popular option because it maintains interest in a number of races as long as your selections are placed in each race, and since it begins with the third race of the day it gives an ongoing betting option for those who have been unlucky in the first two races.