Northfield To Lower Takeout On Pick 3, 4, 5

Published: March 14, 2011 02:05 pm EDT

Northfield Park has announced that it will be lowering the takeout rate on its Pick 3, Pick 4 and Pick 5 wagers

effective April 1.

The said wagers will have a reduced takeout of just 14 per cent, which is a more than a one-third reduction from the previous rate.

A release from Northfield cites the track's executive vice president of Racing, Dave Bianconi, as saying that the move will increase pool sizes on the multi-race wagers.

Northfield is also participating in a joint program with the U.S. Trotting Association to guarantee $10,000 Pick 4 pools every Friday and Saturday in April.

Northfield's Pick 5 is a $1 wager conducted on Race 3 through 7 each live race night, while the Pick 4 is available on Races 8 through 11. The track offers Pick 3 wagers on Race 3 through 5, 6 through 8 and 9 through 11.

(With files from Northfield Park)

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Reduce takeout, increase handle and increase fan interest in there product, gee who would have ever thought reduced takeout could have a positive effect.