It was a great day at Mount Barker on Sunday, and that track appears to be becoming another Kalgoorlie!
This year we've bet at Mount Barker 3 times, for a 6.2u profit, a 3.85u profit, and a 25.52u profit. I'll take 35.57u profit from 3 meetings anytime.
The one disappointing element was the payout for the Early Quaddie. Although we invested 1.05u and returned 4.05u for a 2.79u profit (recorded at lowest tote), the $1200 payout was very poor considering that (as a lot of you have pointed out) the multiplication of the 4 tote dividends of the winners suggested it should have paid over $5,000.
Ubet didn't take betting on the early quaddie, so there was only NSW Tab and Vic Tab betting on the early quaddie.
I did tell members not to place quaddie bets on totes directly, but it seems members are not all following the advice judging by the dividend payout.
It is possible also that because the pool was small in NSW, that the dividend payable was always going to be low.
Anyway, I wanted to re-iterate not to place exotic bets of any form directly with a TAB, but always place them with a corporate bookie, so as to minimise impact on the dividends.
William Hill are great as you can choose which tab to be paid out at, or do a mixture of all 3 totes with whatever percentage weighting you like. Bet365 are also good with exotics, but all of them offer them in one form or another.
Early quaddies are very rarely sent out anyway (only 5 this year), but if the early quaddie dividends end up being poor again at provincial/country meetings, I will most likely stop giving them out. But we'll give it one more try.
However a good alternative is simply to multi all of the suggested runners into an all-up multi / 4-fold. You could do this at either fixed or tote odds. Had you done that on Sunday at tote odds, your payout would have been over $5,000 rather than the $1,200.
You can read my blog post from late September on quaddies and exotics at the link below:
http://www.horseracingprofessionals.com.au/blog/quaddies-and-exotics/All the best.
Dean
