I believe the TAB takeout for quadrellas is a huge 20%, yet this most probably still provides the best value of the exotics. An all-up/parlay bet is taxed at approximately 16% for each of the four legs which makes it terrible value whilst the quaddie is taxed only once. Out of interest I have for some time been, for dry tracks only, comparing an all-up dividend to the quaddie dividend. 9 times out of 10 the quaddie is superior. The general exception is when a short-priced fave wins one of the legs. It seems faves are vastly overbet in quaddies, and what exacerbates the fave factor is that it is the sub when there is a scratching/s, which means that when there is a scratching extra money is automatically bet on the fave.

On Sunday, an all-up winning divvy at Murwillumbah paid $1,092, the quaddie was $1,400. At Casterton, the all-up paid $2,920, the quaddie $3,800. And yesterday, the all-up at Bairnsdale paid $19,283 and the quaddie $27,000.

The quinella and trifectas dividends are more or less consistent with the divivies for Win, second and third, but this is usually not the case with quaddies. And as there are many more combinations than the other exotics makes it all the more appealing even though relatively smaller pools could distort the divvy.