Writing for the Washington Post and the Daily Racing Form, Beyer said, "The pick five's success since it was introduced in the state in 2012 is due to two player-friendly features: a 50-cent wagering unit and a 14 percent takeout rate. It is arguably the most attractive bet in horse racing, and it has been adopted in other jurisdictions, notably New York. But the evolution of the pick five in California holds significance for the entire racing industry because it is closely tied to a crucial issue: takeout."
The article also contains quotes from HANA's Jeff Platt. To read the article in full, please click here.
Joining HANA is completely free! To sign up, please click here.