05/07/2014 9:35AM

Pick three links Pimlico Special, Dixie Stakes, Preakness

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Pimlico Race Course will add a pick three to its wagering lineup linking the Pimlico Special on May 16 with the Dixie Stakes and Preakness Stakes on May 17, the track announced Wednesday.

The bet will have a 50-cent minimum and a 25.75 percent takeout, Pimlico said. The Preakness, the second leg of the Triple Crown, is Pimlico’s biggest race.

The pick three is similar to a two-day bet offered by Churchill Downs that links the Kentucky Oaks one day before the Kentucky Derby to the Woodford Reserve Turf Classic and the Derby. Handle on that pick three last week was $782,595, according to charts.

Pimlico also announced Wednesday that a pick four May 16 including the Pimlico Special and Black-Eyed Susan Stakes would have a $250,000 guarantee. The early pick four May 17, linking races five through eight, will have a $350,000 guarantee, while the late pick four that includes the Preakness and links races nine through 12 will have a $1.5 million guarantee.

 

Joey W More than 1 year ago
They will wonder why nobody places this wager. Idiots! Are they run by Churchill? I did bet a little on Oaks and Derby days, but now Churchill will get very little if any of my money. Pimlico will get all most as much. 0+0=0. Preakness will be unbetable unless you really like someone else other than Chrome, Or big prices underneath. But almost any bet using the Derby winner will be an underlay.
Boyd Cord More than 1 year ago
I thought their takeout was 14%. Logically no one should play races with takeouts so high.
Philip Conforti More than 1 year ago
these race track owners are crazy. always crying were broke help us , when asked a CDI official after being badgered says the fairgrounds made 25 mil , yeah increase the takeout . I wouldn't give the bums a dime.
Walter More than 1 year ago
Is Pimlico trying to establish a new takeout record? Wtf? They made an interesting wager pretty uninteresting. Pass
Franck Rice More than 1 year ago
I agree with others, don't bet. The good news is that if you are on track you probably won't be able to find a mutuel clerk that has any idea the bet is being offered, so you can't bet. This is what happened to friends of mine at Churchill, speaking of ridiculous takeout, with oaks-woodford-derby. , speaking of ridiculous take outs,
jim lefferts More than 1 year ago
To complete the point below with $7291 wagered to show in R9 today at a Indiana Grand the bettors who backed each of the top 3 finishers ought to have received their original wager back plus $1803 of profit split among the 3 horses - $601 to each horse. But the backers of the 7 only had $232 returned to them. As a result of manipulation of the show calculation - not just breakage - the track only paid $5637.70 from a $7281 pool. That's a takeout of 22.81% on a straight mutuel wager that's purported to be 18%. It happens all the time. Players need to stand up for what's fair.
thomas j More than 1 year ago
The money paid out as profit to the 3 show horses is all the money bet on the horses to show that did NOT hit the board. $5978 minus $1803 equals $4175 paid out as show bet profits. I forget how the next step is done, but after that you add $2.00 to each of those 3 figures. Hope this helps.
jim lefferts More than 1 year ago
Thanks for the reply. I know how to calculate a show payout. Your description is saying the same thing in a different way - you come up wit the same answer. By your method there was $3115 bet on all other horses, less the takeout of $1312 (7921*.18) and your left with $1803 to be distributed equally as profit or 601/601/601. But the tracks are allowed to steal breakage and in this case by any standard calculation it would have gone 557/590/465 (1st/2nd/3rd) for a payout above base wager of $1612 amounting to $181 in breakage. But these tracks are taking it further. This pool was paid off 557/663/232 totaling 1452 and increasing the breakage to $351! Bettors who backed the 7 only got paid back $232 back from what would have been $600 without breakage. There is no reasonable way to explain their payoffs.
Old timer More than 1 year ago
The oaks/woodford/derby Pick 3 paid all of $4 and change for 50 cents... whoopee! I agree that the takeout is just plain greed.
Chas Glazer More than 1 year ago
Are you forgetting that you had three heavy favorites in the pick three? Untapable was even, which was a steal...Wise Dan was 1/2...Chrome was a generous 5/2... The bet was $20 at least and single those three....$20 would pay $180...Didn't get to the track on Friday to make that bet...Remember, the DD from Wise Dan to Chrome paid $9.00 for two...I played it and gladly took my $90 payout
thomas j More than 1 year ago
Look at it in a positive way. All 3 winners were favorites (2 real big favs) and for 50 cents you received 4.00. That's 8-1.
jim lefferts More than 1 year ago
Regarding onerous takeouts can someone please explain how show payoffs are calculated? In R9 at Indiana Grand today the race came in 5-1-7. There was $7291 in the show pool with these amounts on each horse that finished 1,2,3 respectively: $1114/737/2324. So we take the $7291 less the 18% takeout and have $5978.62 left. Subtract the money bet on the 3 horses leaves: $1803.62. Divide by 3 leaves $601 dollars to be distributed to each horse. The 3rd place finisher had $2324 bet on him so the payoff ought to be 601/2324= .2586 per dollar. That's $2.517 with breakage that's $2.40. Or round the .2586 to .20 and double it - it's still $2.40. Or calculate it as 2324+601/2324=1.2586*2= $2.517 again $2.40 with breakage. But in fact it paid $2.20. All the numbers are accurate and Equibase charts show the same pool numbers. Can someone explain this? It happens all the time.
Meredith More than 1 year ago
they need $$ to replace charles street which caved in during last weeks rain!!!
Ian GW More than 1 year ago
That take no thanks.