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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Indiana Grand Gets Formal Approval for Dates, Low-Takeout Pick 5

Indiana Grand Race Course will host a 94-day meeting in 2020, beginning Monday, June 15 through Wednesday, Nov. 18, on a Monday-Thursday schedule, after the Indiana Horse Racing Commission formally approved the schedule Thursday. There will also be four special Saturday programs for Quarter Horses only over the course of the meet. Also approved was a Pick 5 wager on the final five Thoroughbred races each day which will offer takeout of 11.99%, believed to be the lowest takeout on any wager in the country. The Pick 5 will be...

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Open Letter to the Industy: #FreeDataFriday: Volume 34

UNDERSTANDING TAKEOUT Ogden Mills Phipps, former chairman of both The Jockey Club and New York Racing Association and a legendary owner and breeder, heartily advocated for lower takeout nearly five decades ago. In December 1976, Blood-Horse outlined the Phipps plea, a source of great concern given the rising competition in the New York market. "With continuing declines in track attendance and mutuel handle, Thoroughbred racing is faced principally with twin threats, witnesses at an Aqueduct hearing stressed. There are the existing off-track betting structure, which has hurt track management and...

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