Charles Town cuts takeout on some wagers

[takeout]

http://www.bloodhorse.com/horse-raci...on-some-wagers

[snip]
Takeout for trifectas, superfectas, pick threes, and pick fours will shift from 25% to 22% effective Sept. 17.
[snip]

Comment: So 3&4 horse bets at CT will soon be cheaper than 2 horse bets in California. That pretty much says it all.

[Saratoga_Mike]

Originally Posted by takeout

http://www.bloodhorse.com/horse-raci...on-some-wagers

[snip]
Takeout for trifectas, superfectas, pick threes, and pick fours will shift from 25% to 22% effective Sept. 17.
[snip]

Comment: So 3&4 horse bets at CT will soon be cheaper than 2 horse bets in California. That pretty much says it all.

And the racing's better too! Go Chucktown!!!

[jelly]

Charles Town Cuts Takeout 12% on Some Wagers

Interesting Headline on Bloodhorse when the takeout is decreased 3% points


"Takeout for trifectas, superfectas, pick threes, and pick fours will shift from 25% to 22% effective Sept. 17. The drop of three percentage points reflects an overall takeout reduction of 12% for the four bets."



Now here is the Headline when California in creased the takeout by 2% and 3% ponts.

Schwarzenegger Signs Calif. Takeout Increase

"Races involving two betting interests (such as an exacta or double) would be subject to a 2% increase to 22.68%. A 3% hike would be tacked onto exotic wagers involving three or more wagering interests (trifecta, superfecta, pick three, pick four, pick six, etc.), bringing the deduction for those types of wagers to 23.68%. "


It doesn't mention anything about a 10% and 15% increase.






Read more: http://www.bloodhorse.com/horse-raci...#ixzz1XUWuJtqd

[takeout]

Originally Posted by jelly

Interesting Headline on Bloodhorse when the takeout is decreased 3% points

Agree. That’s why I left the “12%” out of the thread title. Tracks and tote companies seem to be very fond of using some kind of “new math” when reporting certain things.

[cj]

Originally Posted by takeout

Agree. That’s why I left the “12%” out of the thread title. Tracks and tote companies seem to be very fond of using some kind of “new math” when reporting certain things.

The very same type of math was used to describe the California increases, so I don't see a big problem with it.

[Stillriledup]

If you read it fast, you might think to yourself, "WOW 12% takeout" that's pretty low.

They're probably hoping you read it fast and not really pay attention to fine print.

[Relwob Owner]

The article(and the headline) is extremely clear about the fact that it is a 12 percent decrease from the previous level to the current one, not a decrease down to 12.

Kudos to CT for this.

[Robert Fischer]

I wish I was comprehensive enough to include Charles Town in my system.

The cut is great, but not dramatic enough to attract me to "work overtime".

[takeout]

Originally Posted by Stillriledup

If you read it fast, you might think to yourself, "WOW 12% takeout" that's pretty low.

I didn’t think that but I did think that some bets had been lowered by 12%. Of course it’s quickly explained in the article but the Bloodhorse headline is misleading. Should’ve said 3% instead of 12.

[Canarsie]

Any track that reduces takeout even minimally is helping the player it has to start somewhere. If these dummies from California only looked at threads like this and how many responses there are. Unless I'm blind there are a decent amount of people giving accolades.One would think it would change their head in the sand mentality.

[mannyberrios]

Originally Posted by Canarsie

Any track that reduces takeout even minimally is helping the player it has to start somewhere. If these dummies from California only looked at threads like this and how many responses there are. Unless I'm blind there are a decent amount of people giving accolades.One would think it would change their head in the sand mentality.

We have to show Cali. By playing this track, and upping the handle there . Count me in

[OTM Al]

Originally Posted by takeout

I didn’t think that but I did think that some bets had been lowered by 12%. Of course it’s quickly explained in the article but the Bloodhorse headline is misleading. Should’ve said 3% instead of 12.

Then the article would have been misleading to those of us that understand the difference between "percentage" and "percentage points".

[takeout]

Originally Posted by OTM Al

Then the article would have been misleading to those of us that understand the difference between "percentage" and "percentage points".

I hear you. Maybe I was the only one mislead by the headline. I had visions of 13% tris but 22 is a step in the right direction.

[Charli125]

Originally Posted by Canarsie

Any track that reduces takeout even minimally is helping the player it has to start somewhere.

I think it's great what CT's done, and I definitely hope they show some good gains and continue their efforts. This is one of those situations where the takeout still isn't good, but it's moving in the right direction. I can get behind that as long as they stick to their word and continue lowering takeout if the pools increase.

Well done to the folks at CT!

[ronsmac]

It's sinful that tracks with slots like CT and Philly have such high takeouts when they are making millions off of the slot machines. Especially when a lot of people don't think they deserved slots in the first place.