Wednesday, April 8, 2015

Bettor Alert: Woodbine Comes After Horseplayer Money with a High Takeout Pick 5

One of the best bets for Horseplayers the past few years has been the lower takeout pick 5. Beginning with Monmouth (15%), and later on at California racetracks (14% Players Pick 5) and NYRA (15%), this bet has been a staple.

Just this year, Pimlico, trying to get people interested in their product, created a 12% takeout pick 5, and Northlands Park in Canada, one at 10%.

Woodbine in Rexdale Ontario, did pretty much the inexplicable. They created a 25% takeout pick 5;  well above the average price, and over double, Pimlico's.

We had heard earlier in the week this was occurring, but finally got information today. Yes, we have seen your emails upset about this wager.

Woodbine, and Ontario, lost slot machine revenue in 2012. The government mandate for continued funding for the track was to "grow wagering" and show customers more appreciation and more value. I highly suspect they will be none too pleased with a bet that achieves the opposite.

We wanted you to be aware of this new bet, and how deleterious to value it is. There are clearly other racetracks who care about you and your wagering dollars, so shop accordingly.


bangem andleavem said...

Track management simply doesn't get it. They think they are putting on some kind of spectacle , a circus, not a BETTING PRODUCT.

They don't realize how lucky they are that players put up with the confiscatory takeouts. By rights, they should stop betting altogether , and let track management find other work, possibly fish mongering.

Anonymous said...

Are they stupid?

Anonymous said...

Is HANA planning to contact Horse Racing Ontario about this? The contact is John Snobelen. I have his email and I can forward it to your inbox.


Anonymous said...

If there is a boycott of Woodbine please count me in. I was proud to be a part of last year's Churchill action and it was effective.

Anonymous said...

Not just track management. Horsemen are guilty as well.

Anonymous said...

I thought they were supposed to be better to customers since they lost slots.....