Takeout Rates | Horse Racing Free Tips

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.

The post Colonial Downs Lowers Pick 5 Takeout to 12% appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

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. Sam Houston offers some of the nation's lowest takeout rates, with an industry-low 12% on multi-race wagers.

“This increase would not be possible without the ongoing support from our horsemen,” said Frank Hopf, Senior Director of Racing Operations. “We welcomed back a solid number of barns and received stall applications from many new outfits this year. Additionally, we had tremendous interest from nationally prominent trainers for our six Houston Racing Festival stakes. Racing fans continue to respond to our racing product and comprehensive wagering menu.”

The post Sam Houston Raises Purses appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post