A First Four is a bet type for your selected horses (minimum four) to finish 1st, 2nd, 3rd and 4th in order. You may select the option "Boxed" to have your selected runners finish 1st, 2nd, 3rd and 4th in any order. Payouts are calculated based on the Vic Tote dividends (which will be determined after the race has resulted).
In the bet below, #11 must win, #12 must finish second, #13 must finish third and #8 must finish fourth for the bet to be a winner.
In the example below, #6 finished first, #2 finished second, #7 finished third and #5 finished fourth. This resulted in a $11428.2 first four. If you successfully picked he first four with a flexi of 50%, the payout would be calculated like this: 0.5 x 11438.2 = $5719.1