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Fair Grounds Lowers Pick 5 Takeout to 15%, Adds New Pick 6

With the approval of the Louisiana State Racing Commission, Fair Grounds is lowering the takeout on its Pick 5 from 25% to 15% and adding a new Pick 6 at the same 15% rate with a $1 minimum.

“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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Purse Increase at Assiniboia

Effective Monday, July 18, 2022, purses at Assiniboia Downs have been increased across the board. The highlights include a 25% increase in maiden special weight races to $20,000 and a 20% hike for open allowance heats for $24,000 while the new minimum purse for 'open' stakes races has been raised to $40,000.

“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.

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Colonial Downs Lowers Pick 5 Takeout to 12%

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.

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Negative Takeout Likely In Friday’s Pick 6 At The Meadowlands

Fans of the 20-cent Pick-6 at The Meadowlands will be out in force Friday (Jan. 28) night hoping to turn a negative into a positive when The Big M kicks off its 26-race weekend of live action at 6:20 p.m.

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”.

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