Takeout

Grand River Reduces Takeout Rates

On Monday, June 3, Grand River Raceway will kick off its 10th anniversary season of live harness racing with several new customer orientated initiatives, including a reduction in the track's takeout r...

WEG's Martin On Takeout, Trakus

After the announcement last week that Woodbine Entertainment Group would be lowering its win takeout on thoroughbred racing, WEG's Executive Vice-President of Racing Jamie Martin expanded on whether o...

WEG Reducing T-Bred Win Takeout

On Thursday, April 11 the Woodbine Entertainment Group announced that effective Saturday, April 20, the launch of its 133-date 2013 live thoroughbred racing season, Woodbine will offer a Win takeout o...

Pick 5 Carryover Friday At Cal Expo

February 13, 2013

There were no winning tickets last Saturday evening in the Pick 5, the result being an $8,533 carryover into Friday’s Pick 5, which will now feature a $40,000-guaranteed gross pool, and offers a reduc...

Pompano To Debut 10% Pick-4

November 29, 2012

In what is described as one of the most significant pari-mutuel developments in recent years, Pompano Park will debut a 10 per cent take-out on their Pick 4 wager - by far the lowest in the industry -...

CHRB Acting On Report Of Takeout Error

September 21, 2012

The California Horse Racing Board (CHRB) is taking steps to insure that no bettors were shorted in Pick 5 payoffs due to a takeout computation error by Sportech, the totalizator company that serves Ca...

NYRA Fires CEO And Senior VP

Charles Hayward, the recently-fired former president and CEO of the New York Racing Association, has gone on the record as saying that he expects to be fully exonerated from the allegations which led ...

NYRA Places CEO, Senior VP On Leave

The New York Racing Association has announced that it has placed its CEO, Charles Hayward, and its senior vice-president, Patrick Kehoe, on unpaid administrative leave in light of a New York State Rac...

NYRA Apologetic Over Takeout Mix-Up

December 28, 2011

New York Racing Association President and CEO Charles Hayward has apologized for the issue regarding the overcharging of takeout on exotic wagers which have cost horseplayers millions of dollars

Betfair $10M Into U.S. Racing Exchange Site

December 07, 2011

Stephen Burn, the CEO of TVG and Betfair, said that his company has already spent 10 million dollars on the development of a U.S.-based exchange wagering site for horse racing

"Pricing Is Too High"

October 12, 2011

"I don't know if there is a consensus [on takeout] to be honest. When some of the people down there heard I was on this panel, they sat me down and said 'you can't really think that reducing takeout i...

Millions Dedicated To T-Bred Plan

August 16, 2011

Following the release of a comprehensive report by consulting firm McKinsey & Company, The Jockey Club has announced a multi-million-dollar, nine-part plan for the betterment of thoroughbred horse...