Quartet Event

Betting Rules:
QUARTET EVENT

1. The Quartet event shall be the designated race(s) of the day appearing
   in the racing program as approved by the Philippine  Racing Commission.

2. The bettor shall select the first four finishers in the exact / correct order
   of arrival at the finish line (i.e., 1ST, 2ND, 3RD and 4TH place horses) in
   the designated Quartet event.

3. The bettor can choose from as many numbers of combinations as he
   wishes. The types of betting can be single, multi-value, banker and rumble.

4. The minimum investment shall be P2.00.  Other denominations in
   excess of the minimum investment of P2.00, in the exact multiple
   of P1.00, will be made available.

5. Dividend Qualification: 1st, 2nd, 3rd and 4th place horses in the correct
   order.

   5.a. The Quartet dividend shall be computed based on the unit of P1.00
       by dividing the Quartet net dividend pool by the total amount of bets
       on the Quartet winning combination. The dividend on each unit bet
       will be declared by eliminating the fraction of ten centavos.  No
       dividend less than P1.00 per unit shall be declared.  The official
       dividend shall be posted based on the minimum bet of P2.00.

   5.b. In a dead heat involving two or more winning combinations, the
       dividends shall be computed separately by dividing the total gross
       dividend pool into as many winning combinations with money bets
       and the quotient thereof shall be used to compute the partial net
       dividend pool for each part.  The partial net dividend pool of each
       part shall then be divided by the total amount of bets on the winning
       combination of that corresponding part.

   5.c. In case of dead heat, the following procedures shall be followed:

       5.c.1. Dead Heat for 1st:
              For horses 1 and 2, winning combinations shall be 1-2-3-4 and
              2-1-3-4.

       5.c.2. Dead Heat for 2nd:
              For horses 2 and 3, winning combinations shall be 1-2-3-4 and
              1-3-2-4.

       5.c.3. Dead Heat for 3rd:
              For horses 3 and 4, winning combinations shall be 1-2-3-4 and
              1-2-4-3.

       5.c.4. Dead Heat for 4th:
              For horses 4 and 5, winning combinations shall be 1-2-3-4 and
              1-2-3-5.

   5.d. In the event that one of the winning combinations involved in the dead
       heat has no money bets (i.e., has not been selected), the total gross
       dividend pool shall be distributed to the other winning combination(s)
       involved in the dead heat with money bets.  Thereafter, the dividends of
       the winning combinations selected shall be computed in the same
       manner as 5.b. above.

      5.e. In the event that no winning ticket is sold for the winning
           combination(s), the net dividend pool shall be carried-over to
           the net dividend pool of the next Quartet event.

6. In case of any scratched entry or entries, all bets on said entry or entries
   shall be refunded.

7. The Racing Manager may designate a race and accept bets for the
   Quartet event if there are six (6) or more starters declared for that
   particular race.  If prior to the start of betting or during the betting
   period for a particular Quartet event, horses are withdrawn and the
   remaining declared starters in the race is less than six (6), the Racing
   Manager shall cancel and immediately stop the Quartet betting for that
   particular Quartet event.  All bets already made shall be refunded.

8. In the event that there are less than four finishers, all bets shall be
   refunded.

9. In the event that the designated race for the Quartet event is cancelled, all
   bets shall likewise be refunded.


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QUARTET EVENT
