Monday, April 9, 2012

Takeout Rates for North American Harness Tracks

We know takeouts can be the difference between making a profit or a loss.  Let's face it, if you have a 15% takeout on a win wager, you may a higher ROI than you would if the takeout is 18%.  Remember the last time you just eked out a winning night for an evening?  How would you have done if the takeout was just a point or two higher?  You probably would have ended up on the losing end of things.  Over one night, it may not make much of a difference, but if you are wagering over the whole year, it can become a significant factor to your balance sheet.

Well, thanks to Horseplayersbet.com, there is a Google map of each harness track in the United States and Canada which shows the takeout rates for the individual tracks.  On this map, you will see Lebanon Raceway with a 18% takeout on their straight wagers and a 22% takeout for exotic wagers.  On the other hand, Chester Downs has a 17% takeout on straight wagers, but a punishing 30% on trifectas.  With all thinks being constant, where are you going to play your trifectas?

Of course, while showing an exteme example as above makes it easy to decide where you want to make your wagers, it isn't that simple.  It may be one thing if you are a $2 player; then you can just decide by takeout rates, but if you are a heavy hitter, a track like Lebanon Raceway may not be able to handle your wager as a $100 wager would likely kill the odds at Lebanon Raceway, yet not even impact the odds at a track like the Meadowlands.  It is the combination of track handle, your wagering habits, and takeout rate which matter.  The key is an educated gambler may be the difference between a winner or a loser. 

This is why a map like the one from Horseplayersbet.com is important to have access to.  Keep it in your toolkit. 


   

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