20 Racing Exotics

20A Dividends are all subject to the payout limits in clause 9E as well as:

(a) Where Colossalbet pays an exotic price derived from the Colossalbet SP, the maximum price for a $1 unit for each bet type is limited to:

(i) Exacta - $501

(ii) Quinella - $501

(iii) Trifecta - $2001

(iv) First Four - $2501

(b) Notwithstanding the maximum payout limits detailed in clause 9E, Colossalbet reserves the right to limit total payout to any individual(s) on any bet type. If the total Colossalbet payout on any bet type exceeds the Victorian TAB tote pool, Colossalbet reserves the right to limit the total payout to clients to the amount of the Victorian TAB pool on that particular bet type.

(c) If the Victorian TAB dividend is 50% higher than any other Tote Dividend declared on any bet type, then Colossalbet reserves the right to limit the dividend to the value of the lesser of any Australian Tote dividends on that bet type. Colossalbet will otherwise pay a dividend equal to the dividend declared by the Victorian TAB (STAB) on races run in Australia or when STAB covers the event and the pool is commingled.

20B In the unlikely event that the location where the wager is struck is not covered by the Victorian TAB, the dividend will be paid at the Colossalbet SP derivative equivalent price.

20C In the event of a jackpot with the absence of a dividend, the Colossalbet dividend is calculated by taking the Victorian TAB (STAB) Jackpot and dividing it by the number of $1.00 winning units. Where the total of winning units held by Colossalbet is less than one, the flex % held is multiplied over the jackpot amount to determine the dividend.

20D In the event of a Dead Heat for any of the place getters, there will be as many dividends as there are correct order combinations as declared by the Victorian TAB (STAB).

20E Colossalbet offers markets on the following exotic bet types:

(a) Quinella: A quinella is when two runners are selected to place first and second in any order. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be refunded on every combination which includes the scratched runner, and the combination stands, and the wager re- calculated without the scratched runner.

(b) Exacta: An exacta is when two runners are selected to place first and second in the correct order. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be refunded on every combination which includes the scratched runner, and the combination stands, and the wager re-calculated without the scratched runner.

(c) Trifecta: A trifecta is when three runners are selected to place first, second and third in the correct order. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be refunded on every combination which includes the scratched runner, and the combination stands, and the wager re-calculated without the scratched runner.

(d) First Four: A first four is when four runners are selected to place first, second, third and fourth in the correct order. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be refunded on every combination which includes the scratched runner, and the combination stands, and the wager re-calculated without the scratched runner.

(e) Quadrella: A quadrella, or ‘quaddie’ is when the winners are selected in four consecutive races listed on the quaddie Race card. If a selected runner is declared a 'non-runner' or scratched after the wager is confirmed, wagers will be transferred to the substitute favourite as declared by the Victorian TAB (STAB). Where Victorian TAB does not cover the event the substitute will be the Colossalbet SP favourite, in the case of more than one runner sharing the favourite price the substitute will be the runner with the higher saddle cloth or rug number.

20F Fractional Betting allows you to place a bet on a quinella/exacta/trifecta/first four/quadrella for a set dollar amount. This way you can have multiple selections for a smaller outlay. Simply make your selections and nominate the total amount you wish to spend on your bet. Your bet will cost the dollar amount you nominate and if you win you will receive a percentage of the full $1 STAB dividend. The minimum wager for fractional betting is $1.