takeout

Keeping Pace posts tagged "takeout"

4.5 Million Reasons to Love the New Tax Rules

About 2,000 bettors went home happy after playing the mandatory-payout Rainbow 6 wager March 31 at Gulfstream Park. Thanks to new tax reporting and withholding rules put in place during the fall, the joy figures to spread through racing for quite some time. Betting the Rainbow 6 on this year's Florida Derby day card at Gulfstream has provided the best example yet of how pari-mutuel wagering will benefit... Read More

California Takeout Increase Falls Short

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 reduced handle and race days.... Read More

Magazine Story Looks at Takeout Issue

Today's post ranks right up there with those free HBO weeks, if you're like me and save money to the satellite company now in favor of binge watching shows a year or so later. Just as HBO offers free weekends to see what you're missing, today I'll link to a magazine story I wrote on takeout in the Feb. 6 issue of Blood-Horse Magazine. Give the story, "Is the Pari-Mutuel Price Right," a read and by... Read More

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