02/17/2015 12:25PM

Magna 5 wager to return with a few tweaks

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The Magna 5 will be returning in the near future with a lower minimum bet and a new name. The Magna 5 will link five races within a one-hour period from Stronach Group tracks.

The Magna 5 debuted in 2004 but has not been held since 2010. This new edition will offer races from Florida, Maryland, and California. Maryland will serve as the wagering hub, according to Sal Sinatra, general manager of the Maryland Jockey Club.

The Magna 5 was a $2 minimum bet with a 22 percent takeout. Plans call for it to be a $1 bet when it returns. Although the takeout has not been finalized, it is not expected to rise and could be a bit lower. The bet will have a guaranteed pool, maybe $250,000.

The bet’s original name refers to Magna Entertainment, the former holding company for Frank Stronach’s racing enterprises. Because the parent company is now the Stronach Group, a new name will be required. Two currently being kicked around the corporate offices are the Cross-Country Pick 5 and – I love this one – The Frankie Five.

The wager could start as early as March 14.

◗ When the Pimlico meet begins April 2, the Rainbow 6 will be added to the betting menu, according to Sinatra.

◗ Maryland Jockey Club officials are still working to lower the takeout on wagers at Laurel and Pimlico, but that is unlikely to occur until racing returns to Laurel in August following the Pimlico session and a break between meets.

J Vette More than 1 year ago
Is this going to be ANOTHER carryover proposition ??? If so, look for tons of GARBAGE fields.
BombsawayBob More than 1 year ago
#FranksFaboulousFanFriendlyFiveFifteenFifty! Five Races Fifteen Percent Takeout Fifty-cent Minimum, all run in 50-minutes!
Walter More than 1 year ago
The Stronie Ponies Pick 5
mikey More than 1 year ago
The mad man 5
Ray Sousa More than 1 year ago
0 zero interest.
Joel Firsching More than 1 year ago
Why bring it back after you sell off hrtv who would have campaigned the product ?
Gunner More than 1 year ago
The Contrived Five - what could go wrong?
Matt D. More than 1 year ago
the Blue five - for Blue-hairs (FL), Blue crabs (MD) and Blew.........the Classic! Always enjoy your posts Gunner because "the only people for me are the mad ones....., never........or say a commonplace thing......across the stars." Jack K.
Gunner More than 1 year ago
I assume you will be celebrating his Birthday on March 12th. 93!!!
Matt D. More than 1 year ago
I'll drop a shot of coffee in my lunch-time Baileys. Now, if i could only get Jack's take on the following.......his birthday falls on "World Kidney Day" - seriously!
Anonymous More than 1 year ago
Make the takeout only 15% and the players will hit it hard. If they leave the takeout upwards at 20 or 22% then it's a pass from me.
Anonymous More than 1 year ago
pass for me also. they should make the take out 5%. they would make plenty at 5%. While they are at it, the racing form should be $1.50.
Leslie Burke Fernandes More than 1 year ago
what is with all you dummies. the .10 supers and the .50 tri and pick 3s have now made payoffs lower on average because now everybody can cover more bets with less money nobody has to handicap just hit the all button with your change and everybody makes a little bit learn how to read a form and put up your money!
Lawrence MacSelwiney More than 1 year ago
Who's talking super or tri's and have you checked Santa Anita's payouts lately for they're pick 4 and 5. You don't have a clue.
mikey More than 1 year ago
Wake up look at the pools.
Lawrence MacSelwiney More than 1 year ago
I'm going to be redundant. Make it .50 cents and I'll play. If not I have no interest.