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California bill would raise takeout on exotics - Horse Racing
https://www.drf.com/news/california-bill-would-raise-takeout-exotics#:~:text=%E2%80%9CThe%20takeout%20in%20California%20is%20one%20of%20the,and%2020.5%20percent%20in%20Illinois%2C%20Louisiana%20and%20Ontario.
NONSENSE FROM CALIFORNIA ABOUT TAKEOUT - Horse Racing …
http://www.horseracingbusiness.com/nonsense-from-california-about-takeout-13469.htm
“California racing officials intend to have further discussions about lowering pari-mutuel takeout rates, but judging from the disagreement evident at an Oct. 21 California Horse Racing Board committee meeting, it won’t be an easy sell.
California bill would raise takeout on exotics - Horse Racing
https://www.drf.com/news/california-bill-would-raise-takeout-exotics
“The takeout in California is one of the lowest in the country.” The proposed increases would leave two-horse bets in California with a higher takeout than some other racing states and provinces.
California Horse Racing Board - AllGov
http://www.allgov.com/usa/ca/departments/business-consumer-services-and-housing-agency/california_horse_racing_board?agencyid=219
The installation of the tote boards spurred growth in horse racing by providing the public with a safe alternative to using illegal bookmakers to bet on races. In 1933, California was among the first states to legalize parimutuel gambling on horse racing as a means of regulating the industry and gaining revenue.
California Takeout Increase Falls Short - Keeping Pace
http://cs.bloodhorse.com/blogs/keeping-pace/archive/2017/08/30/california-takeout-increase-falls-short.aspx
Since California lawmakers approved a takeout hike effective for the 2011 racing season, the price increase on horseplayers has failed to deliver projected purse increases and has been followed by...
What is Takeout in Horse Betting 2022
https://www.ezhorsebetting.com/what-is-takeout-in-horse-betting/
With a pool of $1,000 a player is risking $2 to win a share of that pool. If ten people hold winning tickets, each player should receive $100. That would mean getting odds of 50-1 on your original wager. Don’t forget the takeout! The track gets paid first. The ten winners divide $800 and receive $80 each.
Law Gives CA Tracks More Takeout Flexibility - BloodHorse
https://www.bloodhorse.com/horse-racing/articles/146181/law-gives-ca-tracks-more-takeout-flexibility
California law establishes takeout, the amount removed from pari-mutuel pools before bettors are paid. The current rates are 15.43% for win, place, and show wagers, and 20.18% for all other wagers...
Pari-Mutueal Racetracks - HorseWorldData.com
https://www.horseworlddata.com/pmtrcks.html
California (Takeout - 15.43% for win-place-show & 20.18% on exotic wagers for Thoroughbred; 15.63% for win-place-show & 20.38% for exotic wagers for Quarter Horse meetings; 16.43% for win-place-show wagers & 24.18% for exotics at Harness meets; 16.77% for win-place-show & 21.52% for exotics at Fair meetings.)
Racing! Takeout, taxes and other things that shape the …
https://www.latimes.com/sports/more/la-sp-horse-racing-newsletter-20171006-htmlstory.html
By comparison, the takeout at California tracks is 15.43% for single horse betting and 23.68% for exotic wagering, except for daily doubles and the …
Chart of Track Takeouts Based on Wager Type - Brisnet
http://www.brisnet.com/library/trktkout.pdf
Track (Code) WPS DD EX,PER QU TRI SUPER PK3 PK4 TW TRI PK6 PK7 PL PK ALL Marquis Downs (MDX) 17.80% 27.80% 27.80% 27.80% 30.00% -- 30.00% 30.00% -- -- -- -- Meadowlands (MED) 17.00% 19.00% 19.00% ...
TIF assembles takeout rates; 'It shouldn't be ... - Horse Racing Nation
https://www.horseracingnation.com/news/Thoroughbred_Idea_Foundation_publishes_track_takeout_rates_123
TIF assembles takeout rates; 'It shouldn't be that difficult'. HRN Staff June 5, 2020 8:12am. Photo: Eclipse Sportswire. On Friday, the Thoroughbred Idea Foundation published a chart of takeout rates for various bets at North American racetracks. But a funny thing happened as it attempted to compile the list.
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