At yesterday's CHRB meeting in California, the Bloodhorse reported this:
" Hollywood and the Thoroughbred Owners of California have not come to an
agreement extending the 14% takeout rate on the popular Pick 5 wager,
either. Unless horsemen agree, the Pick 5 first instituted by Hollywood
last year would only be offered at the standard 23% takeout rate on
exotic wagers in California"
That's a whopping 64.2% increase in takeout. It's probably largest takeout hike ever devised.
We'll keep monitoring the situation, and look into topping up the gas tanks in the HANA plane.