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Old 02-08-2011, 12:21 AM   #1
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Question What was the Takeout in the Golden Age for Horse Racing?

In all the discussion about high takeout at the tracks today I've never heard what takeout was in the golden years of horse racing in the 1920's,1930's, and 1940's. Anyone out there who knows and can clue me in?
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Old 02-08-2011, 12:31 AM   #2
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When it started in around 1910 it was 5%.

In 1930 the average was about 7% I believe.

http://blog.horseplayersassociation....out-was-5.html
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Old 02-08-2011, 12:49 AM   #3
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What was the Takeout in the Golden Age for Horse Racing?

Old-timers I worked with at the NY tracks in the 70's told me that the take was 10% in NY when pari-mutuels began in 1939. They bragged about how they could beat the game back then, but couldn't do so when the take was 17% or so in the 70's.

They told me that a lot of guys beat the game in NY betting show into a 10% take, with breaks to the nickel, back in the "golden age."


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Old 02-08-2011, 12:50 AM   #4
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In Robert Saunders Dowst's book "Straight, Place and Show" (circa 1945) he states that "in New York, a 10% takeout is authorized."

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Old 02-08-2011, 01:07 AM   #5
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5 to 10%!!! The tracks and the States (via the increased take) performed reverse alchemy. They have turned Gold into Lead!
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Old 02-08-2011, 08:55 AM   #6
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The Take Out

There are many of the top tracks today that have a high take out simply because they know customers or bettors are going their regardless. They offer top notch racing and will draw a crowd.

But, PORTLAND MEADOWS offers a less than average tale out and the prices
are fairly decent. We do no pay to much attention to this track, but customers have emailed us about how satisfied their prices are for a small track.

Last edited by BillW-mod; 02-08-2011 at 09:01 AM. Reason: TOS Violation
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Old 02-08-2011, 10:29 AM   #7
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I don't know if the 1960s were the golden age or not, but was in the 12-14% range then and a lot of it was taxes. Now almost none of it goes to taxes and it is 18-22%. Somebody got really greedy.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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Old 02-08-2011, 02:21 PM   #8
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It appears it was the early 1946 that New York upped their takeout from 10% to 15%.
http://news.google.com/newspapers?id...+takeout&hl=en
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Old 02-08-2011, 08:10 PM   #9
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Even Maryland was only 15% in the early 70s with the state taking more than 5% of that. Now the state takes .5% and the exacta take is 21% and the tri is 25.75%
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Old 02-08-2011, 08:54 PM   #10
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1963 SI article about take out and horseplayers. Maybe some will find it an interesting read
http://sportsillustrated.cnn.com/vau...ndex.htmAugust
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Old 02-08-2011, 10:49 PM   #11
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Quote:
Originally Posted by csperberg
1963 SI article about take out and horseplayers. Maybe some will find it an interesting read
http://sportsillustrated.cnn.com/vau...ndex.htmAugust
Great find.
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Old 02-08-2011, 10:56 PM   #12
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Quote:
Originally Posted by csperberg
1963 SI article about take out and horseplayers. Maybe some will find it an interesting read
http://sportsillustrated.cnn.com/vau...ndex.htmAugust
I wonder how large, horse racing's costumer base would be, if we all read this piece before we started playing this game.

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Old 02-08-2011, 10:57 PM   #13
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Yer great find.

Increasing taxes is definitely the way forward
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Old 02-08-2011, 11:21 PM   #14
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What I find funny is that those opposed to gambling wanted takeout increases to curtail gambling on horses.
Kind of like what governments say when they up the taxes on cigarettes.
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Old 02-09-2011, 01:16 AM   #15
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i urge everyone not already a member to join hana, as they are trying to lower the take out across the country
i also urge everyone to boycott santa anita due to their recent increase in take out.
in the long term it is in the interest of horseplayers to do so.
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