The takeout rate at Keeneland's fall meet this year will be reduced to 16 percent for all wagers, racing officials said Friday.
The cut will make exotic and superexotic bets at Keeneland the cheapest in the country. Takeout on those bets, which include exactas, daily doubles, trifectas, pick threes and superfectas, was previously 19 percent. Nick Nicholson, the president of Keeneland, said in a release that the track was influenced by the decision this summer by the New York Racing Association to reduce the takeout on most bets.