takeout rates

Keeneland Increases Takeout To State Maximums For 2017 Fall Meeting

Keeneland Racecourse has informed the Kentucky Horse Racing Commission that it plans to increase takeout to the maximum allowed under state law during its 2017 fall meeting, reports drf.com. Officials confirmed that takeout on win, place and show wagers will move from 16 percent to 17.5 percent, and it will increase from 19 percent to […]

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Needham: Takeout Rates ‘in Dire Need of Quantitive Scrutiny’

Writing for Thoroughbred Racing Commentary, Thorotrends founder and analytics professional Dan Needham asserts that takeout rates present both challenges and opportunities but, unfortunately, any authoritative guidance through research lags behind. To Needham, the optimal takeout rates are those that will best utilize churn (the money that is re-bet) and potentially draw in new players, in […]

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BHP’s Liebau urges renewed examination of takeout rates

During the Jan. 17 meeting of the California Horse Racing Board, Betfair Hollywood Park president Jack Liebau urged members that it’s time to re-examine pari-mutuel takeout in regards to horse racing’s business model. In a report at the Bloodhorse.com, Liebau made his remarks shortly before announcing that Betfair Hollywood Park would hold a fall meet, […]

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Twinspires.com credits players impacted by New York’s incorrect takeout rates

TwinSpires.com, the official advance-deposit wagering service for Churchill Downs Incorporated (NASDAQ: CHDN), on Monday, June 4, 2012, credited wagering accounts of players impacted by the New York Racing Association’s incorrect takeout rates.   TwinSpires.com account holders, like other players across the country, received incorrect payoffs on wagers made into Trifecta, Superfecta, Pick 3, Pick 4, […]

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Canterbury Park reduces takeout rates on Pick 3 and Pick 4

Takeout on all Pick 3 and Pick 4 wagers at Canterbury Park will be reduced to 14% effective opening day, Friday, May 18, track officials announced today. These changes in takeout rates make Canterbury Park among the lowest in North America for Pick 3 and Pick 4 wagers. “We’re excited to offer our players the […]

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Shanklin: High takeout rates are the cause of decline in handle

Bill Shanklin hypothesizes “that an inordinate takeout rate for pari-mutuel wagering, as compared to gambling alternatives, is the principal factor” in a marked decline of the amount being wagered on horse racing. In 2003, $15.3 billion was wagered on horse racing. In 2011, the total had declined to $10.8 billion. Shanklin writes that high takeout […]

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Behind the NYRA ‘takeout fiasco’: The email trail

I was having a conversation a few years ago with a horse owner who happened to be one of America’s highest-paid CEOs. He was interested in looking at a document that was the subject of our discussion and I offered to email to him. “No email,” he told me. “I don’t even have an email […]

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Shanklin: Opinions on takeout rates largely based on anecdotal evidence

While points of view abound in racing about the appropriate level of takeout rates, very little has been done nationally to scientifically analyze wagering data and determine optimal levels, writes Bill Shanklin in Horse Racing Business. Shanklin suggests that U.S. racing entities should pool their data in a controlled experiment to determine what handle would […]

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Simulcast conference: Making the case for lower takeout

Several industry representatives made a case Tuesday that lower takeout is effective in increasing handle during the International Simulcast Conference in Scottsdale, Arizona.  The Blood-Horse writes: “Raj Mutti, regional general manager of Great Canadian Gaming, told of the success his company’s British Columbia track Hastings Racecourse found by lowering takeout on several types of wagers.  He […]

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