Penny breakage on bets in New York State today starting 9-1-25

[rainman2]

Too little too late?

Thoughts and input please.

[Locked in with pace]

means nothiing

[Yonkers1A]

It’s lipstick on a pig

[Dingus]

Copying Kentucky.  Has it helped Kentucky?

[Papillon]

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

[It's Post Time]

It's most beneficial to large win, place and show bettors, but not for people who play exotics.

[Harness racer]

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?

[Any1Left]

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.   

[Papillon]

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

[Papillon]

https://racingthinktank.com/reports/tif-reports-penny-breakage

this article mentions $ 50 mil a year

[It's Post Time]

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.

[Papillon]

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/

[It's Post Time]

I'm talking harness tracks, unless they lowered them too. It doesn't matter to me because I never play them anyway.

[Papillon]

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/

[It's Post Time]

I see where Harrah's Philly lowered them to 26% for both starting in 2021, down from 30 to 32%.