Prince Faisal bin Khalid Al Saud

The Week in Review: Hawthorne Proving that Lowering Takeout Works

The handle on Thursday's nine-race card at Hawthorne was $2,080,655. That may not seem like much, but at Hawthorne, which opened Mar. 5, it was a cause for celebration. It was the fourth time this year that the Chicago-area track had topped the $2-million mark in handle, something that happened just once all of last year. What's going on? The answer, says Hawthorne Racing Analyst Jim Miller, is that bettors are gravitating towards the track's 12% takeout in the win, place and show pool, an industry low. "The lower takeout...

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