Horse Racing News is the source of thoroughbred racing information with horse racing odds, betting tips, racing picks, race results, and handicapping. Latest news and articles on top horse racing contenders, jockeys, trainers, three-year-olds, race tracks, and major stakes races such as the Triple Crown races: the Kentucky Derby, Preakness and Belmont Stakes as well as the Breeders' Cup horse races.Laurel Park horse bettors to get better returns
Posted on Friday, July 20th, 2007
There seems to be a movement towards better returns to horse bettors, this time around – it’s the Laurel Park racetrack in Maryland making the moves to keeping whatever horse racing betting fans are left and maybe making a few new fan acquisitions. Laurel Park is slashing its takeout on live races by about half to only 10% of the wager pool.
With Maryland horse racing‘s simulcasting signal challenged by those of nearly a dozen other tracks around the country, Maryland Jockey Club president and chief operating officer Lou Raffetto wants to improve the odds of getting bettors interested in playing the state’s horses when Laurel Park opens Aug. 10 for 10 days of racing.
Billed as “Ten Days at 10 Percent – Racing’s Best Bet,” Laurel ownership’s takeout on Maryland’s live races will be cut by about half, with the money going directly into the bettors’ pockets
“Racing has talked about trying the philosophy ‘The less you take, the more you make,’ but people have been reluctant to pull the trigger,” Raffetto said. “We’re all fighting for the gambling dollar. I thought the best way to move us up the ladder was to try to focus interest on our racing.”
The takeout will be 10 percent on all bets on all live races at Laurel through Aug. 23, plus the legislated percentage allocated to the Maryland Million Fund, bringing the total “blended” rate to about 11.4 percent. For the bettor, that means a $2 bet to win, place or show will offer a 9 percent higher return, exacta bets will return 12 percent more, and a trifecta bet will return 20 percent more.
related links
- Free Laurel Park racing picks and betting tips
- Laurel Park horse betting online
- Free horse racing bettiing bet
"Laurel Park horse bettors to get better returns" was posted on Friday, July 20th, 2007 at 1:35 pm and is filed under Laurel Park, USA Horse Racing. You can follow any responses to this entry through the RSS 2.0 feed. Leave a response, or trackback from your own site.
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