I've always wondered if you could get this type of thing to work. I guess some of the other options would be to take a lower % of the quaddie so your lay liabilities are lower etc and stick to pointy end of the market with your selections. Could you also possibly start on the daily double markets or the treble as well? Or is it the bigger payoffs of the quaddie that make it more appealing?

Could you attempt something similar with say other exotics like the First 4? Stand something out to win so that you can have more selections for 2nd/3rd/4th and lay it to break even or for a small profit if it loses? Obviously doing that you can lose both bets if your selection wins but you dont get all the placings but its almost like an insurance policy.