04/11/2013 11:28AM

Woodbine lowers takeout on win wagers to 14.95%


ETOBICOKE, Ontario – The Woodbine Entertainment Group is lowering its takeout on win wagers to 14.95 percent, the lowest in North America, beginning with the opening of the Thoroughbred meeting on April 20.

“We have to continue to take care of the loyal horse-playing customer, and this is a great way to do it,” Greg Martin, director of wagering operations, said in a press release.

“The win bet is our most popular wager, and reducing that takeout by 2 percent will financially benefit most horseplayers, from the sophisticated fan to the novice.”

Other takeout rates will be unchanged, with place and show wagers remaining at 16.95 percent, daily doubles and exacta 20.5 percent, pick fours and trifectas 25 percent, and pick threes and superfectas 26.3 percent.

Woodbine also announced that it will guarantee the early pick-four pool at $100,000 on weekend afternoons and will offer a 20-cent minimum on all trifecta, pick-three, pick-four, and superfecta pools during the live Thoroughbred racing season.

Correction: A previous version of this article misstated the takeout on pick fours and trifectas. It is 25 percent, not 26.3.