Fractional Betting

Fractional betting is available with the following pari-mutuel (Tote) bet types:

  • Quinella
  • Exacta
  • Any2
  • Double and Extra Double
  • Treble
  • Trifecta
  • First4
  • Quadrella
  • Double Trio

Fractional betting allows you to decide the maximum amount you want to spend on your bet and the computer calculates the actual cost of the bet and what fraction or multiple of the dividend you will receive for a winning bet.

You don’t need to know how to calculate the cost of a ticket, all you need to know is the maximum amount you want to spend. There is a minimum spend of $3, although a $1 minimum still applies where a single combination is selected.

For example:
If you want to make five selections in a boxed Trifecta, the total cost for 100% of the dividend is $60 for a $1 unit on each possible combination.

With Fractional betting you can choose the maximum amount you wish to spend. The percentage allocated to each combination is automatically calculated.

  • If you nominate a maximum spend at the minimum $3 outlay, this would represent 3/60 or 5% of the $60 full unit cost. If the selected combinations include a successful one, the $3 spend will give you 5% of the dividend. If the dividend is $1,000 then a 5% share would equate to a $50 return for your $3 outlay.
  • If you nominate a maximum spend of $18, this would represent 10/60 or 30% of the $60 full unit cost. If the selected combinations include a successful one, the $18 spend will give you 30% of the dividend. If the dividend is $1,000 then a 30% share would equate to a $300 return for your $18 outlay.

Where the whole percentage bet costs slightly less than the maximum amount nominated, the difference is refunded.

What your Bet Ticket shows:

  • Where the percentage of the dividend to be paid is less than or equal to 100%, your Bet Ticket shows: xx% of Div
  • Where the percentage of the dividend to be paid is greater than 100%, your Bet Ticket shows: x.xx X Div