Raju breaks even, so his total returns = total bets = Rs. 6000.
Possible payout sources:
- If Red comes first: \(3000 \times 4 = 12000\) — profit, not break-even.
- If Red comes second: \(3000 \times 3 = 9000\) — loss from other bets, need adjustment with White or Black position.
- Working through permutations shows that having 3 horses between White and Red is impossible with payout constraints for break-even.
Thus, option (4) cannot be true.