What is a Quartet Bet?

The purpose of the quartet is to select four horses in a single race to finish in the first four places in the exact order.

There are four options:
a. Straight Line
b. Boxed
c. Banker
d. Floating Banker


a. Straight Line Quartet
With a Straight Line Quartet, one horse must be chosen for 1st, one for 2nd, one for 3rd and another for 4th. 

There is therefore only ONE dividend (barring dead-heats in any of the first four positions – see below).

Example:
Given a result of: 1 – 2 – 3 – 4, the winning quartet would be 1&2&3&4.

In the event that there is a dead-heat for FIRST place, there are TWO dividends.  In an example of a result being 1/2 – 3 – 4, the winning combinations would be 1&2&3&4 and 2&1&3&4.  

Likewise, in the event that there is a dead-heat for SECOND place, there are again TWO dividends.  A result of 1 – 2/3 – 4, the winning combinations would be 1&2&3&4 and 1&3&2&4.  

Should the dead-heat occur for third place, 1 – 2 – 3/4, the winning combinations would be 1&2&3&4 and 1&2&4&3?  

And finally, a result of 1 – 2 – 3 – 4/5, dividends would be declared on combinations 1&2&3&4 and 1&2&3&5.


b. Boxed Quartet
This bet is a selection of four or more horses to run in the first four positions in any order.

Example:
Selection 2, 4, 6 and 8 = R 24.00 (the bet taken one time with 24 combinations) and these selections can finish in any order in the first four positions.

Given the chosen selections of 2, 4, 6, 8 boxed, the cost would be determined by MULTIPLYING the number of horses selected, in this case 4 by 3 by 2 horses = R24.00 (again, because the finishing order is relevant):

     1st             
2nd
3rd
4th
2
4
6
8
2
4
6
8
2
4
6
8
2
4
6
8





Boxed selections:
2,4,6,8
2,4,8,6
2,6,4,8
2,6,8,4
2,8,4,6
2,8,6,4
4,2,6,8
4,2,8,6
4,6,2,8
4,6,8,2
4,8,2,6
4,8,6,2
6,2,4,8
6,2,8,4
6,4,2,8
6,4,8,2
6,8,2,4
6,8,4,2
8,2,4,6
8,2,6,4
8,4,2,6
8,4,6,2
8,6,2,4
8,6,4,2

Should the result of the race in which the above bet was struck be 4 - 8 - 2 - 6 , the winning combination would be: 4,8,2,6 = R458.30 dividend.
The ticket would qualify for the above dividend once if taken for R24.00.


c. Banker Quartet
In this type of Quartet you may have any selections for first, any selections for second, and any selections for third as well as any selection for fourth. This is on provision that one of the selections for first must run first, one of the selections for second must run second, and one of the selections for third must run third, and one of the selections for fourth must run fourth.

Banker 2 with 4, 6, 8, 10 = R 24.00 (the bet taken one time) and selection 2 must win and the other selections must be 2nd, 3rd and 4th.

     1st             
2nd
3rd
4th
2

4
6
8
10
4
6
8
10
4
6
8
10






A variation of this type of bet would be the following:
1, 2, / 1, 2, 3 / 1, 2, 3, 4, 5, 6/1, 2, 3, 4, 5, 6.


The bet being horses 1 and 2 selected to win, horses 1, 2 and 3 selected for second and horses 1, 2, 3, 4, 5, 6 for third and fourth.  The cost would be 2 x 2 x 4 x 3 = R48.00 [calculated by the number of horses for first (2) multiplied by the number of horses in the second leg less 1 (2), multiplied by the number of horses in the third leg less 2 (4), multiplied by the number of horses in the fourth leg less 3 (3)] – again, given that a horse can only fill ONE position – excluding dead-heats.


d. Floating Banker
This is similar to a boxed Quartet in that the selected horses may run in any order in the top four positions. A floating banker differs by having 1, 2 or 3 selections which must run in the top four positions in any order.  When you only have one floating banker three of the remaining selections will fill the open positions.

Example:                                                                                    
1. A floating banker 3 with 2,4,6,7 = R 96.00 (the bet taken one time) and horse 3 must be placed in the first four positions along with the other selections.


1st
2nd
3rd
4th
3

2
4
6
7
2
4
6
7
2
4
6
7






The calculation of the cost of this bet is as with a banker bet (4 x 3 x 2 = 24 combinations), but as the “roving banker” can finish in ANY of the four positions, this amount 24 needs to be multiplied by 4, i.e. 24 x 4 = R96.00.

2. A variation of the “floating” banker option is the “double” and “triple” floater.

In the former option, two horses are chosen to fill any two of the four winning horses.  Thus if 1 and 3 are selected to double “float” with horses 4, 5, 6, 7, and the result of the race is 7 – 3 – 4 – 1, the bet wins.

1st
2nd
3rd
4th
1

3
4
5
6
7
4
5
6
7






The calculation of the cost of this bet needs to be viewed as a breakdown of what is being requested. Two horses need to be “coupled” with another two horses to finish in the first four positions.  

By way of a simple example, we wish to “float” two horses with another two horses – effectively boxing four horses at a cost of R24.00. If we add another horse to the two horses not chosen to “float”, i.e. 3 horses we now have three times the R24.00 “boxed” bets (3 x R24.00 = R72.00).  However, when adding another horse to the three non-rovers, the calculation of the cost must take into account that all non-floaters need to be combined together with the two” floaters”.  The cost is therefore determined by using the following formula:
[R24.00 (cost of roving 4 horses) x 4 (number of horses as non-floaters) x 3 (number of horses less one as non-floaters)]/2 as the order of finishing is catered for in the “boxing” process.  The cost of the bet therefore works out to be (24 x 4 x 3)/2 = R144.00.

By adding another horse, the equation becomes 24 x (5 x 4)/2 = R240.00.  A double banker 3 and 5 with 2, 4, 6, 7 = R144.00, horses 3 and 5 must be placed in the first four along with two other selections.

3. A triple floating banker 3, 5 and 9 with 2, 4, 6, 7 = R96.00, horses 3, 5 and 9 must be placed in the first four positions along with one other selection.


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