<p>If you have recently placed an Exotic bet such as a <a href="https://www.sportsbet.com.au/huddle/punter-iq/guide/what-is-a-trifecta">Trifecta</a> or <a href="https://www.sportsbet.com.au/huddle/punter-iq/guide/what-is-a-quaddie">Quaddie</a>, you may have noticed something called “Flexi %” next to where you enter your stake. This may be foreign to some new punters, so just what does Flexi mean in betting?</p> <p>&nbsp;</p> <h3>What Is A Flexi Bet?&nbsp;</h3> <p>Flexi betting allows punters to wager a percentage (%) of a full betting unit, instead of having to fork out for the full cost of a $1 unit.&nbsp;This means you can increase the number of selections in your bet (and the potential winnings) without needing to up the amount of money you are betting with.</p> <p>&nbsp;</p> <h3>When To Place A Flexi Bet</h3> <p>Now you are probably wondering when is the best time to place a flexi bet. Well, for starters, flexi betting is only available across Exotic bet types in racing such as Trifectas, Quaddies and <a href="https://www.sportsbet.com.au/huddle/punter-iq/guide/what-is-a-quinella">Quinellas</a>.</p> <p>When placing an Exotic bet such as a Trifecta, a popular strategy amongst punters is to select multiple combinations of runners within the same wager. Traditionally you would have to pay a full unit stake for each combination. Now you can simply place a Flexi bet instead.</p> <p>In essence a Flexi bet allows you to take as many selections and combinations as you like for whatever amount you wish to invest.</p> <p>Obviously, the lower the outlay, the lower the potential dividend should the wager be successful.</p> <p>&nbsp;</p> <h3>Example Of A Flexi Bet</h3> <p>Let’s say you wanted to place 8 quaddies on race day, but you only want to spend a total of $16. Usually you would need to put money on each horse you wanted to include, which over the course of 8 races would total to $32 at $1 per horse.&nbsp;</p> <p>With a flexi bet, this would be possible but your dividend would be 50%.&nbsp;</p> <p>This means if you successfully tipped a winning Quaddies that was paying $100, you would take home 50% of the winnings or $50.</p> <p>&nbsp;</p> <h3>How To Place A Flexi Bet</h3> <p>To place a Flexi bet, simply enter your Flexi percentage after you have chosen your selections. The percentage will automatically be reflected as a stake and vice versa.</p> <p>A Flexi bet is perfect for punters who are looking to place a conservative wager without missing out on everything that the world of Exotics has to offer.&nbsp;</p>