Corresponding all-source handle Friday on the new Pick-5 at Oaklawn was up almost 800 percent compared to the multi-race wager it replaced, Bobby Geiger, Oaklawn's director of gaming and wagering, said Saturday morning.
Geiger said total wagering on the Pick-5 (last five races) was $39,846 – $32,926 off track and $6,920 on track.
All-source handle on the CLASSIX, Oaklawn's version of the Pick-6, last year was $4,455, including $2,514 on track.
The all-source total represented a 794.4 percent increase. The on-track spike was 175.3 percent.
“One day does not make a trend, but it was eye-catching,” Geiger said.
A 50-cent base wager, the Pick-5 requires bettors to select the winners of five consecutive races. Friday's winning Pick-5 payoff was $31,476.
The Arkansas Racing Commission approved Oaklawn's request to add a Pick-5 this year to replace the CLASSIX, which had seen interest wane in recent years. The CLASSIX required bettors to select the winners of six consecutive races (3-8) and debuted at the 1986 meeting.
“Our CLASSIX, it just lost its steam over the years,” Geiger said. “The off-track players, we know that they prefer, or like to play, the Pick-5. We didn't know what to expect on track because we've never offered one here. But clearly, they took to it.”
All-source Pick-5 handle Saturday was $50,037, with a winning payoff of $39,528.
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