2006-07-01 13:22:15 · 4 answers · asked by msbluebells 3 in Sports ➔ Horse Racing
It varies from track to track. Here are a few examples:
Churchill Downs. Win, Place, Show: 16%
All other wagers 19%
Belmont. Win, Place, Show: 14%
Daily Double, Exacta: 17.5%
Trifecta, Superfecta: 25%
2006-07-01 14:55:36 · answer #1 · answered by thecoochieman 4 · 1⤊ 1⤋
The percentage of the betting pool that the track takes out for win, place or show bets is 17% to 20% at most tracks. The take for the exotic bets is usually higher and can be up to 25% of the betting pool. Breakage occurs when the track rounds down the payoff on a $2.00 winning ticket to the next whole dime. The effect of the break for the horses then go to post it at lower odds or are bet place and show can be very significant adding up to 5% to the take.
2006-07-02 03:35:24 · answer #2 · answered by Answer Man 5 · 0⤊ 0⤋
The house varies from track to track and the takeout ranges from what u play....like the WIN PLACE SHOW pools normally 15 to 20% takeout..NOW the exactas tris supers Daily double takeouts is normally 18 to 25% takeout and pick 3, 4 ,6 arenormally 20 to 25 % takouts ,,,,again those takeout fees change from track to track
2006-07-02 10:52:31 · answer #3 · answered by maddog277 4 · 0⤊ 0⤋
The house keeps it all. The purse comes out of it if the entrance fees fall short of the mark. I'd guess that if you look at it like any other business, once the house deducts usual business expenses, it is left with a minimum of 15%...minimum!
2006-07-01 21:05:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋