Wednesday, August 8, 2012

Kentucky Downs Slashes Takeout Rates

Kentucky Downs will offer an expanded wagering menu featuring some of the lowest takeout rates in North America when it opens its 2012 live race meet on Saturday, September 8.

This year, Kentucky Downs has lowered takeout rates on all of the wagers offered during its 2011 meet by anywhere from one to three percent.  The takeout rate on the popular Exacta wager has been lowered by 3.75 percent – from 22 percent in 2011 to 18.25 percent in 2012.

Kentucky Downs also will provide horseplayers with more wagering options in 2012 with the additions of two Pick Four wagers, a Pick Five wager and a Super Hi-5 wager on each of its six racing days.

“We are sending out a clear message that Kentucky Downs greatly values and
respects horseplayers,” said Corey Johnsen, Kentucky Downs president.  “With
a wide array of wagers plus an across-the-board reduction of takeout rates,
we believe Kentucky Downs will have one of the most inviting wagering menus
in North America this year.”

In 2011, Kentucky Downs’ takeout rates were 17 percent on Win, Place and
Show wagering and 22 percent on all exotic bets. For its upcoming season,
Kentucky Downs has lowered the takeout to 16 percent on Win, Place and Show
wagers and 19 percent on all exotics except the Exacta, which will have an
18.25 percent takeout.

“I’ve always considered the exacta to be a staple for horseplayers,” said
Johnsen.  “By making our exacta takeout the lowest in North America, we are
showing horseplayers that we are as serious about improving our wagering
product as we are every component of our live racing program.”

Kentucky Downs previously announced that its total purse structure will
increase by 242 percent in 2012, with average daily purses of $409,000.
Kentucky Downs also will introduce five new stakes races in 2012, bringing
the total stakes schedule to seven.  The stakes schedule is headlined by the
Grade III Kentucky Turf Cup, which will be run on Saturday, September 15 for
a purse of $200,000.

“Our goal is to provide full, competitive fields in races that horseplayers
will find interesting and exciting,” Johnsen said. “That, combined with some
of the lowest takeout rates anywhere, should make the upcoming season of
live racing a winner.”

Kentucky Downs is planning to make more information available to bettors
than ever before. The track has launched a redesigned, information-rich
website that will include racing news, analysis and opinion. Rick Lee, one
of the most respected handicappers in the region, will make the Kentucky
Downs morning line and offer daily selections. Track announcer John Lies and
Gary West of will offer analysis through daily seminars and the
track’s simulcast signal.

Kentucky Downs will present nine races on both of its Saturday cards
(September 8 and 15) and eight races on Mondays and Wednesdays (September
10, 12, 17 and 19).  First race post time each day of the 2012 live race
meet at Kentucky Downs will be 1:35 p.m.

Located in Franklin, Kentucky, Kentucky Downs has been transformed into a
year-round entertainment center that offers live racing, simulcasting seven
days a week, Instant Racing, charitable gaming and other events.


Anonymous said...

Great news!Looks like one track is doing more than talking.

Anonymous said...

This is the track that paid the owners but left the players with nothing after posting the wrong number. NO THANKS.