Betting & odds
First Four
A First Four requires nominating the first four finishers in the correct order. It is the hardest of the standard Australian exotics and pays accordingly, with dividends running into thousands when a longshot fills a placing. Full coverage is expensive — boxing five runners is 120 combinations — so most punters use flexi betting or standout structures to keep the outlay manageable.
In use
A boxed First Four over five runners is 120 combinations.