Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


View Single Post
Old 08-21-2018, 08:49 PM   #8
Andy Asaro
Registered User
 
Join Date: Mar 2017
Posts: 5,789

Excerpt:

“The actual effective takeout rate is far higher than what’s even being reported,” Cummings said. "That 17.3 percent – that’s the average published takeout rate – doesn’t really factor in elements like breakage, which is something that we’re really quite keen on and talking about and really educating the public.”

While takeout is the percent of money a racetrack retains from pari-mutuel pools for race purses, taxes or operating expenses, breakage is the pennies retained by a racetrack or state after a pari-mutuel payoff is rounded down to nickels or dimes.
Andy Asaro is online now   Reply With Quote Reply
 
» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 03:39 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.