Davez, it's an option to bet on trifecta, first four & quadrella betting using a reduced stake , i.e. a 4x4x4 trifecta would normally cost $24 for a full $1 unit, but using a flexi bet you could take it for (say) $10 which if successful would give you a return of 41.67% of the $1 declared dividend.

The percentage of return depends on how much the amount bet represents a percentage of the normal $1 bet cost, i.e. a $20 flexi on a bet that would normally cost $200 would return 10% of the dividend.

Very popular as it gives the smaller punter the opportunity to bet likes those who bet in larger amounts.

Stix, flexi betting on Supertab is still about 12 months away - about mid-year 2006.