HORSEPLOP.COM
General Category => Harness Racing => Topic started by: rainman2 on September 01, 2025, 10:46:18 PM
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Too little too late?
Thoughts and input please.
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means nothiing
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It’s lipstick on a pig
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Copying Kentucky. Has it helped Kentucky?
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it will help bettors by stop being the victims of the round down
horses that were paying $3.99 were paying $3.90 and now they get $3.99...in states where they didnt have "dime " breakage-those bettors were receiving $3.80 instead of the calculated $3.99
if you think this is insignificant--racetracks across the US tracks averaged over $44 million in round-down profits every year
if you are a horseman/owner-this wont help you--it is for the bettors
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It's most beneficial to large win, place and show bettors, but not for people who play exotics.
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it will help bettors by stop being the victims of the round down
horses that were paying $3.99 were paying $3.90 and now they get $3.99...in states where they didnt have "dime " breakage-those bettors were receiving $3.80 instead of the calculated $3.99
if you think this is insignificant--racetracks across the US tracks averaged over $44 million in round-down profits every year
if you are a horseman/owner-this wont help you--it is for the bettors
That seems like a big number. Where did the $44m number come from?
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It's most beneficial to large win, place and show bettors, but not for people who play exotics.
if they advertise 17 percent take it should be illegal to take anything above that amount and this is real bad for win place show chalk bettors.
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That seems like a big number. Where did the $44m number come from?
it was published a couple of years ago
I will try and find it later
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https://racingthinktank.com/reports/tif-reports-penny-breakage
this article mentions $ 50 mil a year
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if they advertise 17 percent take it should be illegal to take anything above that amount and this is real bad for win place show chalk bettors.
When simulcasting first began the programs you purchased at the OTB's used to list the takeout rate for most tracks. Nowadays, it's almost impossible to find the rates other than when they mention the rate on a Pick 4 or Pick 5. Most people have no idea what the takeout rates are and don't care. In PA, the takeout rates on trifectas and superfectas are between 30 & 35% which is outrageous.
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When simulcasting first began the programs you purchased at the OTB's used to list the takeout rate for most tracks. Nowadays, it's almost impossible to find the rates other than when they mention the rate on a Pick 4 or Pick 5. Most people have no idea what the takeout rates are and don't care. In PA, the takeout rates on trifectas and superfectas are between 30 & 35% which is outrageous.
incorrect
the takeout on trifectas and superfectas are 25% in Pennsylvania
Joe Wilson, chief operating officer at Parx, where takeout rates for 2025 will be 17% win-place-show; 20% exactas, doubles; 25% trifectas, superfectas, Pick 3, 4 and 6; 15% Pick 5.
“Up until close to five years ago, our takeouts were 17% on win/pace/show; 20% exactas, doubles; 26% on 'pick' bets, and 30% on tris and supers.
“Jan. 1, 2020, we reduced our takeout to 17%, 20% and 25%. So the tris and supers went from 30% to 25%; the 'pick' bets went from 26% to 25%. And a couple of years ago we added our Philly Big Five, and that's at 15%.
https://www.thoroughbreddailynews.com/pennsylvania-tracks-pull-back-curtain-a-bit-on-takeout-rates/
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I'm talking harness tracks, unless they lowered them too. It doesn't matter to me because I never play them anyway.
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I'm talking about the harness tracks, unless they lowered them too. It doesn't matter to me because I never play them anyway.
https://ustrottingnews.com/pocono-lowers-takeout-rate-on-majority-of-wagers/
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I see where Harrah's Philly lowered them to 26% for both starting in 2021, down from 30 to 32%.
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Of course yesterday Yonkers was the only NY track not on board with the change.
Almost to be expected from them...
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It’s dead it’s no fun and shity people close them all down and invest in something worth while
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means nothiing
If a horse pays $2.19 instead of $2.10 that's 49% more profit. That's something significant if you bet that way. I only bet pick 5's so you're right it doesn't mean much to me.
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Of course yesterday Yonkers was the only NY track not on board with the change.
Almost to be expected from them...
what is their benefit of not giving it to the player? i thought that money went to the state
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what is their benefit of not giving it to the player? i thought that money went to the state
The state used to get all of it but that changed at some point
McKenna said that NYRA retains approximately $800,000 a year from the current state rules on breakage. Separate chunks of breakage go to the New York State Gaming Commission, depending on the bet type and the origin of the bet. New York’s other tracks would also retain lower revenues from betting with the reduction.
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what is their benefit of not giving it to the player? i thought that money went to the state
the ADWs like FanDuel, Twinspires, Xpressbet get the most of the free round down money, the tracks get a smaller piece
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My Finger Lakes P4 yesterday went from $9.50 to $9.51, not sure what I’m going to do with this windfall
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My Finger Lakes P4 yesterday went from $9.50 to $9.51, not sure what I’m going to do with this windfall
Tellers dont stock pennies so you aint getting it anyway😂
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My Finger Lakes P4 yesterday went from $9.50 to $9.51, not sure what I’m going to do with this windfall
Next rounds on you ngc3
An extra penny, too funny ngc3
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If a horse pays $2.19 instead of $2.10 that's 49% more profit. That's something significant if you bet that way. I only bet pick 5's so you're right it doesn't mean much to me.
You might want to check your math there, but, regardless, I never thought the track, state, or anyone should get this money. All monies should be returned to the bettors.
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I'm talking harness tracks, unless they lowered them too. It doesn't matter to me because I never play them anyway.
Yes, they are 25/26% at harness tracks in PA......
Here's a handy link for N.A. harness tracks......
https://www.google.com/maps/d/viewer?ll=42.1480493202502%2C-76.08052953124998&spn=28.883218%2C69.965419&hl=en&gl=ca&oe=UTF8&msa=0&source=embed&ie=UTF8&mid=126r_74z9cDQlxnU5QGOjR5ErwKc&z=7
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Yes, they are 25/26% at harness tracks in PA......
Here's a handy link for N.A. harness tracks......
https://www.google.com/maps/d/viewer?ll=42.1480493202502%2C-76.08052953124998&spn=28.883218%2C69.965419&hl=en&gl=ca&oe=UTF8&msa=0&source=embed&ie=UTF8&mid=126r_74z9cDQlxnU5QGOjR5ErwKc&z=7
It's pretty sad looking at the map on your link and seeing far too many tracks listed, that are no longer open.
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That seems like a big number. Where did the $44m number come from?
If the calculated payout is $4.39 the wager pays $4.20. that is every bet every race every day.
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Unless you're in a state like NY that pays $3.10 instead of $3