East Rutherford (August 4, 2015) – The weekend of thefestival at The always provides the best racing the sport of harness racing has to offer and with that, great betting opportunities for the wagering customer. This year, that concept will take on a whole new meaning.
Friday night kicks off the racing for the weekend and it begins with a bang, a carryover in the $.50 cent pick five of $29,460.76, covering races one through five on the program. Historically, a pick five carryover of this amount has resulted in well over $100,000 in "new money" into the pool which equates to a negative takeout on the bet.
The Friday program also includes an early pick four with a $25,000 guaranteed pool in races three through six (3-6) and a late pick four with a $50,000 guaranteed pool in races seven through 10 (7-10). Both pick four pools are offered at a $.50 cent minimum with a 15-percent takeout rate.
The Friday card features one division of the $50,000 Townsend Ackerman for three year old trotters and two division of the $30,000 Duenna for three year old filly trotters.
There will not be a Jackpot Super Hi-5 offered on the Friday program, that $231,403.14 carryover will be rolled over to the Saturday program, Hambletonian Day. The carryover pool on Saturday will be a "must-pay" or mandatory payout situation. The entire carryover pool plus the net pool of new money will all be paid out.
This pool will be offered at a takeout rate of just 8-percent (8%). This guarantees a negative-takeout on the wager on Saturday.
For example, if $1 Million of new money were wagered into the pool, the 8-percent takeout would leave a net pool of $920,000 added to the carryover of $231,403.14, yielding a total pool of $1,151,403 despite only $1 Million of new money being wagered into the pool.
The scenario results in a net takeout of negative 15-percent (-15%).
Historically, a carryover pool of this size in harness racing has resulted in anywhere from $1 Million to $3 Million in new money wagered on the day of the mandatory payout.
On Hambletonian Day, the Jackpot Super Hi-Five will be offered on the 16th and last race, a 12-horse field at 1 1/8th miles. The minimum wager is $.20 cents.
Post time for Friday is 7:15 P.M., while Saturday's post time for Hambletonian Day is 12:00 P.M.