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Balmoral Park

Balmoral Park (8/4/10)

Contact: Tom Kelley
(708) 672-1414

BALMORAL PICK 4 WITH 15% TAKEOUT A SUCCESS

By Michael Antoniades

On the heels of a very successful Southland Festival of Racing, Balmoral Park recently released figures that show the popularity of its Pick 4 wager continues to grow. The Pick 4 takeout was reduced 40 percent for the 2010 season. The industry-low takeout of 15 percent, which was instituted in 2010, has made a big difference.

When racing began in 2010, the January Pick 4 pools averaged $7,698. As word spread that Balmoral had reduced the takeout, bettors throughout the country responded.  In February the average pool size rose to $10,277. Just two months later, the April Pick 4 pool averaging over $11,000 a night. Three months later, the results are pretty compelling.

The July Pick 4 pools at Balmoral totaled $212,641 for the 13 nights of live racing, averaging $16,357 per card. In 2009 with the higher takeout, pick 4 pools averaged $8,888. The average 2010 July Pick 4 pools were 84 percent higher with the lower takeout than the July 2009 pools.

The average 2010 race in the Pick 4 sequence handled $92,410 in July, a sizable increase over 2009.

Because of the favorable change for the player, every winning Pick 4 wager now receives 13.3 percent more than in 2009. The Pick 4 is contested on races 7 thru 10 nightly. The minimum wager is $1.

Remember on August 14 as part of the Back To The Track promotion going on throughout North America, there will be a $50,000 Guaranteed Pick 4 pool with a 15 percent takeout -- Balmoral Park will be a part of that Pick 4 sequence.

Old payout New Payout Added winnings
$100     $113 $13
$200     $226 $26
$400     $453 $53
$600     $680 $80
$800     $906 $106
$1,000     $1,133 $133
$2,500     $2,833 $333
$5,000     $5,666 $666
$10,000     $11,333 $1,333
$15,000     $17,000 $2,000
$20,000     $22,666 $2,666
                                                    

The 10-cent Super High Five had a record payoff of $15,080.68 on Saturday, July 31. This is the only 10-cent High 5 wager available in racing.

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