Horse Racing Tonight. Charles Town Adds 12% Pick-5 Wager

Charles Town, WV (May, 2020) – Following its resumption of live racing and a three day stretch that produced the highest single-week wagering volume in track history, Hollywood Casino at Charles Town Races will be augmenting its wagering menu by adding a Pick 5 that covers the final five races of the card beginning with its next live program on Thursday, May 21.

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The new Pick 5 has a 50-cent base increment and is one of the few pools industry-wide to offer the low takeout rate of 12-percent. Should no customers select all five winners, 75-percent of the net pool will be carried over to the following card with 25-percent paid out to those selecting the most winners in the sequence.

Charles Town’s next live program on Thursday is slated to kick off at its standard 7:00 PM EST first post.

Rock Bottom New Takeout for Kentucky Downs’ Pick-4 Wager

Kentucky Downs has lowered the takeout on its Pick 4 wager from 19 to 14 percent for its meet which begins September 1st, further reducing what already was the country’s lowest overall cost for placing bets.

“I think that’s awesome,” said Jeff Platt, president of the Horseplayers Association of North America, which has ranked Kentucky Downs its No. 1 track for the past three years. “I’m at a loss for words, it’s that awesome. The Pick 4 is hugely popular among players, insanely popular. Having a 14-percent Pick 4 is huge.”

America’s most unique race meet runs Sept. 1, 6, 8, 9 and 13 over the country’s only European-style race course. Kentucky Downs offers among the world’s highest average-daily purses at $2 million a day for that five-date run as well as the highest average field sizes in North America,11 horses per race last year.

The low takeout combined with big fields is what puts Kentucky Downs on top, Platt said.

Takeout is the amount of each dollar wagered that comes off the top before winning bettors are paid. That money goes toward horsemen’s purses, the racetrack and parimutuel taxes. The Pick 4 is a 50-cent minimum wager where horseplayers seek to have in a single combination the winners of the four consecutive races comprising the bet. At 14 percent, the Kentucky Downs’ Pick 4 is among the lowest in the country. By comparison, most major tracks are at least 20 percent, some 24 percent or higher.

“We want to be known as the horseplayers’ racetrack,” said C.J. Johnsen, Kentucky Downs’ director of broadcasting and interstate wagering. “In keeping with that goal, we felt a reduction in our Pick 4 takeout was warranted. The low takeout combined with our field size and quality should boost pool sizes even more to make it one of the best and most attractive wagers in racing.”

Going from 19 to 14 percent reflects a 26-percent reduction in the cost of the bet. Kentucky Downs has been widely praised for lowering the cost of betting, while under state regulations the track could assess a takeout on multi-horse bets as high as 22 percent. Nineteen percent is the highest of any wager at Kentucky Downs.

“That’s a big drop, for sure,” Ray Arsenault, winner of the 2017 National Horseplayers Championship, said of the Pick 4. “That’s great for the horseplayers. It’s like a rebate. I play the Pick 4 all the time. That’s one of our main bets.”

Kentucky Downs also has a 14-percent takeout on its Pick 5 wager, with its 18.25-percent rate on the popular exacta bet and 16-percent takeout on win, place and show wagering among the lowest in the country. The minimum wager is 50 cents for the trifecta, Pick 3, Pick 4, Pick 5 and Super Hi-5; $1 for exactas and daily double; $2 for win, place and show, and 10 cents for the superfecta.

Said Platt: “It’s an incredibly enjoyable handicapping and betting experience.”

Source: KYD