I’ve bashed the California Horse Racing Board and the Thoroughbred Owners of California plenty of times, but when they do something that’s positive for the industry, they deserve kudos.
Santa Anita is suffering through a terrible meet handle-wise, and it’s due partly to the increase in takeout for exotic bets that went into effect this year.
Something had to be done, and although it should have been done earlier, the new early low-takeout pick five during the upcoming Hollywood Park meet is a step in the right direction.
Here’s hoping the CHRB and TOC continue to make similar moves for the bettors rather than alienating them with head-scratching decisions.
Here’s the press release Hollywood Park revealed earlier today:
REDUCED TAKEOUT PICK 5 ADDED TO WAGERING MENU
INGLEWOOD — After receiving approval from the California Horse Racing Board and the Thoroughbred Owners of California, Hollywood Park will offer a reduced takeout Pick 5 on its wagering menu when the Spring/Summer meet begins Thursday, April 21.
The Pick 5, which will have a takeout of 14%, the lowest for any multiple race wager in California, will be a 50-cent minimum bet. It will consist of the first five races daily.
There is a carryover provision with the Pick 5 if there are no perfect tickets. The carryover rules are the same as those applicable to the Pick 6.
Formerly available on the first four races, the early Pick 4 will now cover races 2-5. The late Pick 4 remains on the final four races.