andymays
09-20-2011, 10:19 AM
http://www.vtablog.org/2011/09/new-machines-open-at-colonial-downs.html
The business plan from the point of view of track management and the horsemen is quite simple. Increased handle by promoting trifecta simulcast wagering at certain tracks, which would not normally occur, results in more revenue for Colonial and the Virginia HBPA horsemen’s purse account. That is achievable because the commission, or take out, on trifecta wagers at certain tracks, like Philadelphia Park, is a relatively high thirty percent. The takeout on win/place/show wagering at most tracks (including Colonial) is around 18%, and is usually in the 20% range for “exotics” like exactas, trifectas, and pick four wagering.
The business plan from the point of view of track management and the horsemen is quite simple. Increased handle by promoting trifecta simulcast wagering at certain tracks, which would not normally occur, results in more revenue for Colonial and the Virginia HBPA horsemen’s purse account. That is achievable because the commission, or take out, on trifecta wagers at certain tracks, like Philadelphia Park, is a relatively high thirty percent. The takeout on win/place/show wagering at most tracks (including Colonial) is around 18%, and is usually in the 20% range for “exotics” like exactas, trifectas, and pick four wagering.