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Tuesday, June 8, 2010

Pinnacle Race Course Lowers Takeouts

It was announced recently that Pinnacle Race Course in Michigan has reduced their exotic takeouts.

"Win, Place, and Show are set by the State at 17%. All other pools are by track choice. We have lowered all our other offerings to 20% except Trifectas and Superfectas which have lowered to 25%. The bottom line here is: More Money to the Players"" said an email that went out June 3rd.

In addition this was a response to horseplayers concerns. From Director of Pari-Mutuels/Simulcasting, Laura Bennett: "In response to the Horse Players Association of North America, we have lowered our take-out rates to the "lowest in Michigan".

Pinnacle, last year, ranked 64th out of the 69 tracks in North America for takeout score in the HANA rankings. Next year they should be able to move up, and we hope they have a great meet.

For more information on Pinnacle, please check out their website here. Their live meet started on June 5th.

3 comments:

Anonymous said...

Great stuff Pinnacle!!!!

The_Knight_Sky said...

From the press release.

We have lowered all our other offerings to 20% except Trifectas and Superfectas which have lowered to 25%.

____________

What is so great about 20% Daily Doubles and 20% exactas, 25% Trifectas ?

Or am I reading this incorrectly?

If racetracks want to increase business; increasing the churn they have to be bold and blaze new trails. This press release amounts to the same old tune.

Monmouth Park is riding their summer wave to success largely on their 15% takeout rates for the Pick 4 and Pick 5.

What is stopping the rest of the U.S. racetracks from implementing what works and what is long overdue?

Otis said...

While 20% isn't the best, it's still a HECK of a lot better then the 27% that it was before this. What is even more spectacular is that the track made this change based on HANA! It shows that this group can have some affect. And, coming from PNL I am shocked; when it comes to handle, the track IMO seems more concerned with the horsemen then the player.