Portland Meadows to Offer 25-Cent Pick 5 Wager
Starting on Wednesday August 14, 2013 – the next live race day of the 2013/14 Portland Meadows live race meet – there will be a $0.25 base bet Pick 5 offered on Races 5 through 9. The Portland Meadows Pick 5 will offer a 15.00% take-out rate.
Like the current Pick 4 offered at Portland Meadows, the wager will feature a 100% carryover provision. The net Pick 5 pool and carryover, if any, shall be distributed as a single price pool to those who selected the first-place finisher in each of the Pick 5 contests, based upon the official order of finish. If there are no such wagers, then 0% of the net pool shall be distributed as a single price pool to those who selected the first-place finisher in the greatest number of Pick (n) contests; and the remainder, 100%, shall be added to the carryover.
Summary of the Portland Meadows Pick 5
Base Bet: $0.25 (with minimum total ticket cost of $1.00)
Races Offered: Races 5-9
Take-Out Rate: 15.00%