Historically, wagers were rounded down payouts to the nickel or dime which made sense when most wagers were made with cash on track. However, the change was made because of the evolution of account wagering and vouchers on track. Emerald Downs estimates that penny breakage will return approximately $400,000 in additional payouts to bettors.

Also starting in 2024, Emerald Downs will offer a “Dynamic Morning Line.” The morning line, which is typically made 4-7 days prior to race day, will now be updated using the same system and formula before each race day to reflect scratches and changes. Then, beginning in the second race each day, the line will be updated approximately 20 minutes to post time. This update will reflect wagering in closed pools such as the Daily Double, Pick 3, and Pick 4.

The updated lines will be displayed on the track's simulcast broadcast.

“There have been effects to calculate live projected payouts, but Emerald Downs will be the first to update and use the morning line in a format that can be efficiently communicated to bettors,” explained track president Phil Ziegler. “If a 5-1 morning line horse has lower will-pays than a 3-1 horse, we will update the line to reflect this wagering which should help guide bettors.”

Emerald Downs will also assist players by keeping live odds displayed until the final horse enters the gate.

Emerald Downs offers a traditional 50 cent Pick 6 each race day featuring an 8% takeout, along with a Pentafecta (Super High 5) on the final race, also with an 8% takeout. All Win, Place and Show wagers will be at 16%, Exactas and Daily Doubles at 21% and all other wagers at 23%.

The post Penny Breakage, ‘Dynamic Morning Line’ Added to Emerald Downs Lineup appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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It also turns a spotlight onto a world largely hidden from the public eye-one that industry leaders are generally loathe to discuss publicly, and in which just a few anonymous gamblers can have an outsized impact on the financial fitness or ill-health of the sport.

Last year, Del Mar continued a deal with a player identified as Elite 17 that saw them enjoy a noticeably more favorable rate of play than other high-volume players that wager through the CAW platform, Elite Turf Club, according to detailed wagering reports obtained by the TDN, background conversations with racing officials and figures within the CAW world, along with publicly available data.

At the enormous volumes CAW gamblers play, such deals can give individual players a significant financial edge.

The result was that this one player constituted nearly 47% of Elite Turf Club's total handle on Del Mar last year, according to the reports. Two years prior, Elite 17's play had constituted just over 36% of Elite Turf Club's total handle on Del Mar, according to publicly available California Horse Racing Board (CHRB) data.

At the same time, the amount of money another Elite Turf Club player (Elite 2) wagered on the track dropped off by over $32 million between 2021 and 2023, the reports show-from around $45 million in 2021 to around $13 million last year. In 2021, Elite 2's play came to just over 27% of Elite Turf Club's total handle on Del Mar. Last year, that number had dropped to around 12%.

According to multiple sources familiar with the situation, Elite 2 received a deal similar to Elite 17 in prior years at Del Mar, but not last year.

An individual familiar with the situation-who spoke as a “California racing source” on condition of anonymity-said that, prior to the track's 2023 summer meet, Elite 2 declined such a deal, which would have necessitated paying a “substantial seven-figure up-front payment.”

Del Mar Thoroughbred Club | Horsephotos

When asked if Elite 2 had changed their mind about the deal after the summer meet was underway, the source declined to answer, citing concerns about proprietary business information. “But you can't make an up-front payment after the meet has started,” the source added.

Such arrangements have served as a pre-payment on host fees to be split between the track and the purse account, sources say.

The deals that Del Mar has struck with Elite Turf Club players over the years, while hardly an anomaly among tracks nationally, nonetheless raises questions about the best approach to managing CAW play in a state where purse revenues are generated solely through betting. If purses fuel the sport, getting this equation right is an imperative.

Are deals between tracks and individual CAW players, therefore, a sustainable approach for growing the sport in California? Is CAW play now so vital to the economics of horse racing that every step must be taken to maximize their business? Or should California's tracks be much more focused on incentivizing play from the average punters who generally contribute the biggest slice to purses, rather than pandering to the whales of the betting seas?

While it's difficult to know exactly how such deals might have impacted Del Mar's purse account revenues, the bare numbers illustrate a track facing tough economic headwinds, with serious implications for the horsemen and women in the state.

Purses last fall at Del Mar were reduced by over 10% due to a purse account overpayment reportedly to the tune of $2.1 million. All-source handle at the track's flagship summer meet declined nearly 11% from 2022 to 2023, according to the DRF. Wagering through Elite Turf Club on the track's product has declined from around $167 million in 2021 to around $113 million last year, according to the CHRB.

“As a track with no subsidies from alternative forms of gaming that depends exclusively on handle for purse generation, promoting handle from all segments of the betting market is very important to us. On an annual basis we sit down with the [Thoroughbred Owners of California] TOC to both establish purse levels and to discuss how we best promote wagering on our simulcast signal,” wrote Del Mar Thoroughbred Club president, Josh Rubinstein, in response to a series of questions.

Before the start of each meet in California, the tracks present the TOC with a list of individual host fees charged to each location that receives its simulcast signal. For that track's meet to proceed, the TOC must first sign this document.

“We are proud of our racing product, which has been well-received for the last several years, and confident that our host fees are fair and competitive with other major race tracks. We will continue to work with our partners to balance pricing considerations with the overall demands of the wagering markets,” Rubinstein added.

How takeout is divided from CAW play

BACKGROUND ON RATES AND REBATES
The debate around CAW players typically surrounds the major edge they wield over regular gamblers thanks to their use of sophisticated wagering technologies and the attractive rates and rebates offered to them-inducements not available to the average punter.

When “rates” are mentioned, what is meant are “host fees.” This is a charge wagering outlets pay to track operators for the contractual right to import a simulcast signal. A wagering outlet could be another racetrack, an ADW platform (like FanDuel), or a CAW platform (like Elite Turf Club).

Experts say that CAW host fees for the premium tracks typically vary between 6% and 8%. After breeders' premiums and other minor deductions have been removed, host fees are roughly split 50/50 between the track and the purse account in California.

The entities that pay the lowest host fee, therefore-like CAW players-contribute the lowest per-dollar amount to purses. At the same time, proponents of CAW argue how these inducements are warranted due to the vast amounts these players inject into the betting pools.

The amount CAW players are “rebated” can be broadly calculated with this simple equation:

Rebate = Takeout minus host fee (plus any other associated minor fees). The smaller the host fee and the larger the takeout, then the bigger the rebate.

Let's use the 20% blended takeout rate among the pools. And let's say the host fee (plus other associated fees) that the CAW player pays comes to 7%.

The rebated discount for the CAW players, therefore, could be a maximum 13% on every dollar wagered.

Experts recently told the TDN that the most successful CAW players can consistently win at an average rate of around 92%. At that win rate, a 13% rebate (for example) would see the player enjoy a 5% profit margin.

According to wagering reports reviewed by the TDN, that win rate is an undercount. These reports show how Elite Turf Club players can win at an average rate in excess of 105%, even before their rebate from Elite is factored in. At this rate, the profit margin would be much better than many investment accounts.

It's also important to note how the numerical monikers given to Elite Turf Club players-a company majority owned by The Stronach Group (TSG)-don't relate to just one person.

These players employ a team of potentially dozens of people, including mathematical wizards who create sophisticated computer algorithms capable of analyzing the betting markets for exploitable weaknesses, as well as individuals who place the bets for them.

Insiders consulted for this story describe how these teams of experts can, over time, deduce through the betting markets and through other data sources if rival CAW players receive more favorable rates.

Given the money at stake, the competition can be cutthroat.

ELITE 17'S DEAL
As CAW play has grown exponentially in recent years, track operators have cut deals like that between Del Mar and Elite 17 to attract their business. And the amount these gamblers wager is often so huge, just one player can make up a significant portion of a track's overall handle.

In 2019, when the renowned gambler “Dr. Nick” stopped wagering on Australian racing reportedly due to increased taxes on bookmakers, his exit was projected to trigger a 6% drop in turnover on racing across the board.

Multiple sources for this story said that Elite 17 and Elite 2 were both well-known Australian gamblers.

Scott Daruty | Horsephotos

Scott Daruty, president of both TSG's Monarch Content Management and of the Elite Turf Club, declined to confirm or deny their identities, citing confidentiality agreements.

According to detailed reports obtained by the TDN, Elite 17 wagered more than $650 million on U.S. racing through Elite Turf Club alone last year. In 2021, Elite 17 wagered roughly $60 million on Del Mar's product, according to the CHRB. Last year, Elite 17 wagered some $53 million. Last summer at Del Mar, the amount Elite 17 wagered was roughly 10% of the total handle at Del Mar, using the DRF's all-source handle figures as a baseline.

These numbers don't account for Elite 17's potential play on horse racing through other methods such as fixed-odds providers and exchange options like Betfair in other countries, or on other sports. Some CAW players also have accounts with different CAW platforms like Velocity, owned by Churchill Downs, which enables wagering on tracks whose simulcast signals are managed by Churchill.

At the same time, multiple sources say individual deals are still fairly prevalent among smaller tracks struggling financially, but that they're now unusual among the nation's top-tier tracks.

According to wagering reports reviewed by the TDN, the New York Racing Association (NYRA) offered the same host fee to Elite Turf Club players at Saratoga last year, irrespective of the betting pool. This included Elite 17. The host fee NYRA charged was slightly lower than Del Mar charged the same CAW players (outside of Elite 17), these reports show.

“NYRA cannot responsibly comment or opine on information never provided to our organization,” wrote NYRA spokesperson, Pat McKenna, in response to questions about the wagering reports. The TDN provided to NYRA an overview of the figures in the reports but not the raw data. NYRA's data was independently verified for the TDN. NYRA is a minority owner in Elite Turf Club.

McKenna did, however, stress the steps the organization has taken to manage CAW play, including barring CAW play in the Pick 6, Late Pick 5, and Cross Country Pick 5 pools, and requiring CAW players to place win bets on its races no later than two minutes to post.

California has also taken similar steps to moderate CAW play.

Since Santa Anita's 2022 fall meet, the win pool has been closed to CAW players one-minute to post, or else they must also pay a surcharge of around 3.5% on top of their normal rate if they want to bet to the close of the win-pool. Last year, Del Mar followed suit. Both tracks have also reverted to the traditional Pick 6.

When it comes to Del Mar's deal with Elite 17, the agreement was incumbent upon the player making a substantial payment at the start of the meet, according to multiple sources. Once that up-front payment was made, Elite 17 paid a host fee almost half of that for other Elite Turf Club players, wagering reports show.

But multiple sources familiar with the situation explained how factoring in the up-front payment, Elite 17 paid a host fee on Del Mar's product last year around a percentage point or so lower than the other CAW players.

At the volume CAW gamblers play, just one percentage point difference in host fee can mean a significant edge for one CAW player over all others, along with possible residual effects on all other participants in the betting pools in terms of late odds movement.

Bill Nader | Horsephotos

TOC president and CEO Bill Nader explained that deals involving up-front payments incentivize the player to maximize the amount they wager on the track's product.

“For example, if the player bets over a certain threshold, the player benefits from a high-volume discount. If the player does not reach that wagering threshold, the effective rate would be higher than other CAW players,” wrote Nader.

But could the deal that Del Mar struck with Elite 17 have prompted other CAW players-and Elite 2 in particular-to have curbed their play at the track last year?

The California racing source said that other CAW players were offered similar terms to Elite 17 last year. However, it should be noted that the other CAW players that wager through Elite Turf Club on Del Mar didn't bet to nearly the same volume as Elite 17 last year, and that Elite 2 was the only Elite Turf Club player to wager in the region of Elite 17's handle in 2021.

The California racing source also noted how CAW play is closely aligned with overall handle on a track's product, and that declines in total handle would invariably lead to decreases in CAW play.

“It's hard for us to say with any certainty why player A or B may have reduced his or her volume of play,” the source said. “The best source for that is the player themself.”

The TDN reached out to a representative of the player believed to be Elite 2, who declined to discuss the situation.

Here, it should be noted that at least one Elite Turf Club player increased their play between 2021 and 2023. This was Elite 10, who wagered $4.9 million in 2021 and $6.7 million in 2023 on Del Mar's product.

The TDN does not have access to data showing individual CAW handle on Del Mar's product in 2022. That was the year the California Horse Racing Board (CHRB) stopped making such data publicly available. Even so, California remains more transparent than other jurisdictions about what CAW data it makes publicly available.

Another wrinkle in this story is how Del Mar boasts an attractive wagering product with good field sizes and an impressive safety record. With that in mind, was the deal the right one to strike?

“With the benefit of hindsight, it has been the wrong deal for over 10 years and this is why we need a market correction,” wrote Nader, in response to a series of questions. “We represent the owners and purses are paid to owners, trainers, and jockeys, and there is room for improvement. This is what the TOC hired me to do.”

When asked why the TOC approved the deal last year, Nader wrote how 2023 “was my first full year with the TOC and we needed time to work with our Board members and others, notably the tracks, to voice our reservations and allow for a period of adjustment. This entire exercise has been a work in progress.”

WHY IS THIS IMPORTANT RIGHT NOW?
The issue of shrinking purse revenues amid declining economic benchmarks couldn't be a more pressing issue in California right now, where the industry attempts to piece together a revised racing framework in the wake of Golden Gate's impending closure in June.

At the end of the day, therefore, those arguably most impacted by decisions around managing CAW play are the industry stakeholders attempting to eke out a living from the sport.

When asked for comment on the story, the California Thoroughbred Trainers (CTT) wrote in a prepared statement how, “based on Del Mar's representations and the TOC's confirmation of how the purse account there has been managed, we can only say we're disturbed and confused. In January of 2021, at a CTT Board meeting, we attempted to question TOC leadership at the time about how purse levels were being funded, and were angrily rebuked by those in charge.”

At that point in time, Greg Avioli was TOC president.

“Since purses are the lifeblood of our sport, and are fueled by the public's interest and its confidence in the integrity of pari-mutuel betting, the apparent lack of transparency we're hearing about now has to be remedied immediately,” the CTT added.

Scott Chaney | courtesy of the CHRB

According to CHRB executive director, Scott Chaney, the agency is “keenly aware of the questions, importance and interest surrounding CAWs and plans to place the topic on our meeting agenda in the next month or so.”

Chaney added how “the concepts of purse accounts and structure are also vitally important to racing in California, therefore in order promote understanding and transparency, we are in the process of amending our race meet license application to include additional questions in this area.”

All of which leads to this question: Will Elite 17 be offered the same deal this year?

“No. Negotiations are ongoing across the entire customer sector,” wrote Nader.

“High-volume players will agree that two key deliverables to make their business models more attractive are access and liquidity to commingled pools,” added Nader. “Our racetrack partners should also understand the collective upside and if everyone can take a step back and look at this thing holistically, we can work it out.”

The post Computer Assisted Wagering: Anatomy Of A Deal appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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The track offers an Early Pick 5 beginning with the first race each night and a Late Pick 5, which covers the final five races. The Early Pick 4 starts on the second race and the Late Pick 4 covers the final four races on the card.

For more information about live racing at Delta Downs, click to visit the track's website at deltadowns.boydgaming.com.

The post Pick 4 and Pick 5 Takeout at Delta Downs Drops to 12% appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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With so much money available for purses and with such a short meet, some wonder why Kentucky Downs doesn't add race days? Nicholson said the main reason for not doing so is to make sure the turf course is not overused.

“What's obviously on everybody's mind these days is safety,” Nicholson said. “So, if I added a day, it would have to be a day where it would be almost like a spare day. Because the reality is we run 75 races over a turf course and we have three lanes. That means you're running an average of 25 races on each lane. That's a lot of pounding. I've got the best turf guy in the business with Butch Lehr, who was at Churchill for 45 years. But even Butch would shake his head and say, 'no, I wouldn't do it.' I think we're going to be at seven days for a little while until I can figure out how I can add a fourth lane.”

Kentucky Downs has always been known for having one of the lowest takeouts in the sport, so it came as a surprise when it announced that the takeout was going to be increased by one percent in all pools this year. The horseplayers weren't happy.

“It wasn't an easy decision and it wasn't made in a vacuum,” Nicholson said. “The decision was really a tough one and the reason behind it was that I had to find a way to find some revenue. It's great to have great big purses and we had a record handle last year. But when you're running only for two weeks, you have an inordinate amount of expenses to put on a temporary show. I have a lot of tents, I have a lot of temporary expenses. I have 60 people that live here temporarily, which means I put them up in hotels to pull off this show for two weeks or three. They're here typically for three weeks. So, I have a lot of expenses. They're all going up. Even the people that you see in between the races, those folks that are on the turf and they're tamping down those divots. Those folks used to work for $10 an hour. Now it's $25. So, you can see where my expenses have gone. On top of that, you we got a bill from HISA for $650,000 for a seven-day race meet. Before I was paying the state of Kentucky $48,000 for the same exact thing. Because our expenses have been skyrocketing, I felt like had to go a little higher.”

Will Kentucky Downs ever erect a grandstand? It's unlikely.

“I can't tell you many times people have said to me, 'I love this atmosphere, so don't ever change it,'” Nicholson said. “When it comes to putting up a grandstand, I think would change the genuine feel of of what Kentucky Downs is really all about. I think people love the ability to just pull up and tailgate at the top of the stretch or pull out their folding chairs and set up on the rail. That's the essence of what this place is. We want to try to improve every year, but not lose the real true essence of what this place is all about.”

Elsewhere on the podcast, which is also sponsored by the Pennsylvania Horse Breeders Association, Kentucky Thoroughbred Owners and Breeders, WinStar Farm, XBTV.com, Stonestreet Farms, Lane's End and https://www.threechimneys.com/ West Point Thoroughbreds, the team of Zoe Cadman, Bill Finley and Randy Moss reviewed the Saratoga meet, touching on what went wrong, what went right and the changes that may be coming to the upstate New York track. Those changes include moving the 2024 and 2025 GI Belmont S. to Saratoga while Belmont Park is being rebuilt and installing a synthetic track that would complement the dirt track and the two turf courses. Also, the team looked back at the GI Pacific Classic, won by Arabian Knight (Uncle Mo), as well as the 32-day suspension handed down to Del Mar rider Antonio Fresu for whip violations.

Click here to view the podcast video or here to listen to the audio version.

The post Kentucky Downs VP Of Racing Ted Nicholson Joins TDN Writers’ Room appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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“We are very excited about both of these new wagering opportunities for horseplayers,” said Gary Palmisano Jr., the newly-appointed Executive Director of Racing for Churchill Downs Incorporated, which owns Fair Grounds. “Fair Grounds has not had a Pick 6 in many years. After monitoring the success of this same wager at the New York Racing Association, we feel this is an interesting variation of the pool to implement and worth exploring.”

Fair Grounds offers a traditional Pick 5 where the entire pool, after the 15% takeout, is paid out to winning bettors. If there are no perfect Pick 5 tickets, the entire pool, minus the takeout, will carry over to the late Pick Five the next racing day. On most racing days there will be two Pick Five opportunities for horseplayers–an early and a late–and on cards of 11 races or more, a third may be added.

The new $1 Pick 6 will be “non-jackpot” and 75% of the after-takeout pool will be paid to all tickets with six winners. The other 25% will be paid to all those with five of six winners as a consolation. If no one has six winners, 75% goes to the next day as a carryover and 25% is paid to all the consolation tickets.

“The obvious goal is that this wager will create numerous carryover opportunities and draw attention to racing in New Orleans,” Palmisano Jr. added.

The 80-day 2022-2023 Fair Grounds racing season opens Friday, Nov. 18 and runs through Sunday, Mar. 26.

The post Fair Grounds Lowers Pick 5 Takeout to 15%, Adds New Pick 6 appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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“Our community of owners, trainers and jockeys continue to be so supportive of the racing program here,” said Darren Dunn, CEO of the Winnipeg, Manitoba-area track. “We are happy to be in a position that we can introduce these increases to the purses. We fully appreciate what it takes to put on a season of competitive racing and we look forward to continuing to work together to deliver the best show we possibly can.”

The track reports better than 60% wagering growth in the furst part of the season. According to a release, competitive racing along with reduced takeouts and the free Player Portal have been attributed to that success.

Assiniboia Downs races nightly Monday through Wednesday. The track stages the Manitoba Derby Aug. 1.

The post Purse Increase at Assiniboia appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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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.

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Last Saturday (Jan. 22), for a second straight race card, the Pick-6 failed to yield a winning ticket, so when racing resumes, there will be a carryover of $14,033 up for grabs. Those who had five correct were paid $672.72.

Pick-6 carryovers can create pools where the bettor gets incredible value. Take what would transpire this Friday, for instance. If $80,000 in “new money” is poured into the pool, there will be a “negative takeout,” meaning bettors with all six winners on their tickets will get back more than what's wagered that night.

That $80,000 is subject to the low 15 percent takeout, which means $12,000 goes back to the operator, leaving $68,000. The carryover is not subject to the “rake,” so the total pool would be $82,033, which creates a “negative takeout”, where the return to players is more than what is bet live. In addition, the 20-cent minimum bet allows players to “spread” their tickets with multiple combinations, increasing their chances of hitting big.

The Pick-6 takes place on races eight through 13 and free past performances for every race of every Meadowlands race card are available by going to playmeadowlands.com.

GINGRAS THE GREAT: Harness racing's hottest hands belong to Yannick Gingras, as the 42-year-old has left a path of destruction through The Meadowlands' driver colony in the early stages of 2022.

The Hall of Fame bound pilot won six times on the Saturday night card at The Big M – including a victory in the feature with Covered Bridge – to up his driver-colony leading win total to 24. Joe Bongiorno is a distant second with 13.

Gingras has been remarkably consistent, winning at least three races on each of the six race cards conducted this year.

“It's been horsepower,” said Gingras of his wicked winter. “Ronnie [Burke] is racing a little more this [winter] than last year and the horses are in the right spot. I don't feel any sharper, honestly. I don't get too up or down. I feel good right now. It's just the way the cards are rolling.”

Remarkably, only one of “The Green Hornet's” Saturday winners went off as the favorite.

LIVE RACING SCHEDULE: Racing at The Big M is conducted on a Friday-Saturday basis and has a first-race post time of 6:20 p.m.

The track's live “Racing from The Meadowlands” pregame show kicks off nightly at 5:47 p.m.

OTTEN TO HOST: Big M TV's Jessica Otten will take a turn in the host's chair this Friday, and on the pregame show, she'll interview Lauren Harmon during the track's popular “In the Sulky” segment, which begins at approximately 5:50 p.m.

Harmon is a native of Michigan who grew up in a racing family – her dad Don Harmon and stepmother Krista Williams Harmon have a stable in the Midwest. Lauren, the niece of longtime Big M horseman Rob Harmon, is second trainer at thestable.ca in Ohio and drives in amateur events there.

WEATHER ALERT: With the possibility of bad weather hitting the area, those who want to make sure that there is live racing or simulcasting at The Meadowlands should check out the track's website (playmeadowlands.com) or call 201-THE-BIGM before heading to the track.

BIG POOLS, SMALL TAKEOUTS: The Meadowlands is the industry's handle leader, and much of the reason why is many of the bets the mile oval offers feature a low takeout of 15 percent.

Here is a rundown of those wagers for the upcoming weekend:

· Race 1: 20-cent Pick-5

· Race 3: 20-cent Survivor Pick-7

· Race 6: 50-cent Early Pick-4 ($50,000 guaranteed pool)

· Race 8: 20-cent Pick-6

· Race 10: 50-cent Late Pick-4 ($50,000 guaranteed pool)

· Race 13: 10-cent Pentafecta/Hi-5

WHO DOES BROWER LIKE? For expert selections and analysis of every Big M card, check out track oddsmaker Dave Brower's race reviews.

For Brower's input, which is generally available 48 hours before every card, go to playmeadowlands.com, then click on the “handicapping” tab and go to “race reviews”.

The post Negative Takeout Likely In Friday’s Pick 6 At The Meadowlands appeared first on Horse Racing News | Paulick Report.

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The 20-cent Pick-6 pool will be overflowing since the bet failed to yield a winning ticket last weekend (Nov. 26-27), so there is a carryover of $20,096 heading into Thursday's card. The Pick-6 will span races four through nine. Free past performances are always available for all Meadowlands programs by going to playmeadowlands.com.

Some simple mathematics tell us why carryovers like these present a remarkable opportunity for bettors. To begin with, the carryover is not subject to the takeout. If the wager takes in $30,000 of “new money”, $4,500 would be removed for the “rake”, which would leave $45,500 in the total pool, a return to the player of 151 per cent instead of the normal 85.

“This is a traditional, non-jackpot Pick-6,” said track Chief Operating Officer and General Manager Jason Settlemoir. “So that just sweetens the pot for the educated horseplayers. The wager is priced with a low 15 per cent takeout and has a low base bet of 20 cents. Players will also love that there will be a negative takeout if the final Pick-6 pool is under $150,000. From a wagering standpoint, it just doesn't get any better than this.”

The post Non-Jackpot Pick 6 Carryover Headlines Thursday’s Card At The Big M appeared first on Horse Racing News | Paulick Report.

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As a specialty offering on the card, Mahoning Valley will include a Best of Ohio all stake Pick 5 covering races six through ten with the standard 15 percent takeout. Field size after early scratches averages ten betting interests per race. Sixth race post time is 2:35pm. Should there be a carryover in the early Pick 5 covering races one through five, it will carryover and be immediately available in the Best of Ohio Pick 5.

Tune into the races before the first as track announcer Matt Hook is joined by Mike Annechino and Tony Fischbach of the Ohio Thoroughbred Breeders and Owners breaking down the Best of Ohio stakes and sharing their picks for the day.

Hollywood Gaming Mahoning Valley Race Course races Monday, Tuesday, and Wednesday with a first race post time of 12:45pm and Saturday with a first race post time of 12:15pm. The fall race meet runs October 22 – December 30, 2021 with three unique cards on Friday, October 22, Friday, November 26, and Thursday, December 30 all with a first race post time of 12:45pm. The 2022 Winter/Spring race meet dates are anticipated to be January 1, 2022 – April 16, 2022 following the same Monday, Tuesday, Wednesday, and Saturday format. These dates are currently pending approval by the Ohio State Racing Commission.

The post Best Of Ohio Pick 5 Highlights Saturday’s Card At Mahoning Valley appeared first on Horse Racing News | Paulick Report.

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