Takeout Rates

Sam Houston Raises Purses

Sam Houston Race Park announced Sunday that it will raise its overnight purses for the remainder of the 2021 Thoroughbred meet. The increases will go into effect starting Wednesday, Feb. 17 and will continue through closing day, Apr. 3. All main track purses will be increased by $7,000, while turf purses will see a $2,000 bump. The track cited strong handle figures, which are up 40% year over year including a record-setting handle of $5.3 million on the Houston Racing Festival card Jan. 31, as the reason for the changes....

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Open Letter to the Industry: #FreeDataFriday Vol. 37: Where's the Takeout Menu?

Amongst serious horseplayers, takeout rates in pari-mutuel pools are a frequent discussion. It should be a focus of breeders, owners, trainers and track operators. Unless they are serious bettors too, takeout rates rarely "get a run" from those constituencies, though. Our recent #FreeDataFriday piece highlighted the impact of various takeout rates on win pools at three different tracks. The higher the rate, the lower the return to winners--and thus, the less they would have to churn through the pools and start another cycle of betting. Recently, a few bettors lamented...

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