Sunday, July 8, 2012

Take Out Rates of the Bix Six


If you haven't noticed, many standardbred tracks are attempting to increase wagering by offering guaranteed pools, but in most instances guarantees are limited based on their existing handles for these exotic wagers. As such, the largest guarantees in harness racing tend to be offered by the Meadowlands which this month has upped many of their guarantees. But not every wager has a guarantee, or one wagering usually can't support so one needs to take a good look at the takeout rates as a lower takeout rate typically offers the best deal. After all, takeout is often the difference between winning and losing.

As such, here is a chart of takeout rates for six standardbred tracks where the handle tends to be the highest or have artificially high purses (the best rates for these wagers are highlighted in blue). This is not a complete list; obviously there are other standardbred racetracks, but other than local horseplayers, they tend to escape the attention of many horseplayers in the simulcast market.

Balmoral
Chester
Meadowlands
Mohawk
Pocono
Yonkers
Win, Place, Show
17
17
17
17
19
18
Exacta, Double
20.5
20
19
20.5
20
20
Trifecta
25
30
25
27
25
25
Superfecta
25
32
20
26.3
25
25
Pick 3
25
26
20
26.3
25
25
Pick 4
15
15
15
25
25
25
Pick 5
NA
NA
15
NA
NA
NA
Super High 5
25
NA
20
NA
NA
NA


True, takeout rates are often controlled by law and/or racing commission actions, but the gambler needs to look out for their own interests. You may have certain tracks where you do better than others and you can't ignore that, but when all else is equal, horseplayers need to be looking for the best deal. Some thoroughbred horseplayers would do well to check out some wagers at standardbred tracks as some offer better takeout rates than running tracks.

After all, if you don't watch after your own money, who is?


5 comments:

Ray said...

Does anyone know how pick 4 pay outs
are calculated ? At Chester (PHL)
today the pool was $ 6597.54 according
to the ADW I use. The pay outs were
listed after the 3rd of the 4 races -
There wereeight horses in the final
raceand no scratches to effect the
first 3 races. Here goes the first
5 pay outs listed.

1) 626.xx
2) 563.xx
3) 859.xx
4) 11173.xx
5) 1015.xx

The pay outs don't divide into the
total pool even close to evenly.
Also, one pay out was almost
double the pool. I omitted the final
3 payouts for brevity. Thx

Anonymous said...

Are you sure those are the correct takeout rates for Pocono. Here is a link to 2011 rates http://www.agriculture.state.pa.us/portal/server.pt/gateway/PTARGS_0_2_24476_10297_0_43/AgWebsite/Files/Publications/2011%20Take%20Out%20Rates.pdf

I have not heard anything about them lowering them last year or this year. If they did lower them, it was stealth....which makes no sense.

HANA Harness said...

Many tracks show the payouts based on a $2 wager even if they accept wagers less than that amount. So if a total of $1 was wagered on a particular bet, they would get the whole pool (minus takeou), thus they would show a payoff which never will take place.

This is one of the problems when they show payoffs this way. They may advertise a wager paid of a certain amount when no one ever cashed a ticket for that amount. It is deceptive. Pay-off amounts should be shown and advertised as 'based on a $1 wager' (or a lesser amount).

HANA Harness said...

I do recall the takeout rates at Pocono were reduced on certain wagers last year and were announced in a press release. It happened later in the year, not at the start.

JLB said...

I THINK that Pocono lowered the takeout rates only for the Breeders Crown programs. I am unsure if they remained at the rates you post. Historically, the Pennsylvania tracks have had very unfriendly trifecta takeout rates, in the 30-35 % category.