Colonial Downs has lowered the takeout rate on its Pick 5 wager from 22% to 12% and the bet will offer a carryover provision for the first time. The wager will have a minimum 50-cent base. The Pick 5, which will be offered on the last five races each day, will pay out 100% of its net pool to those bettors correctly selecting all five winners in the sequence. On days when nobody picks all five winners, 25% of the net pool will be paid to those who correctly selected the most winners while the remaining 75% will be carried over to the following day's program.
The Pick 5 highlights a wagering menu that includes early and late Pick 4's, rolling Daily Doubles and rolling Pick 3 wagers starting with the 1:45 p.m. first race each Monday, Tuesday, and Wednesday. The Colonial Downs meet opens July 11.
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