Cal Expo has announced that the guaranteed gross pool for its 20-cent Pick 4 on Saturdays has now been raised to $50,000, with the guaranteed pool for Friday’s Pick 4 remaining at $30,000.

The Pick 4 is one of two wagers each night at Cal Expo with a reduced 16 per cent takeout rate – the other being the 50-cent Pick 5, which is offered on the first five races of each program.

"We started our guarantee at $25,000, went to $30,000. Then $40,000, now $50,000,” said Cal Expo General Manager Chris Schick.

“The Saturday Pick 4 guarantee equals that of the Meadowlands and Woodbine. We have now joined an exclusive club. The low 20-cent minimum, coupled with the low 16 per cent takeout, have certainly proved a powerful combination".

(Cal Expo)