Thursday, December 15, 2011
Turfway Lowers Pick 4 Takeout to 14 Percent
FLORENCE, Ky., Dec. 15, 2011 – The Kentucky Horse Racing Commission has approved Turfway Park’s request to lower takeout on its Pick 4 wager from 22 percent to 14 percent, effective January 1.
The approval was given at the Commission’s regular meeting on Dec. 14.
The Pick 4 wager requires bettors to select the winners of four consecutive races designated by the track. Depending on the day of the week, Turfway presents nine, 10 or 12 races per card, giving handicappers two or three Pick 4 wagering opportunities each racing program. The minimum Pick 4 wager at Turfway is 50 cents.
Takeout is the amount deducted by the track from each wager to cover taxes, purses, and operational expenses. Turfway Park’s takeout on win, place and show wagers is 17.5 percent. On all exotic wagers except the Pick 4, the takeout is 22 percent.
Read more articles in the Turfway category.