OCEANPORT, N.J. – A new season, a new wager. Monmouth Park kicks off the 2011 racing schedule on Saturday, May 14, and the opener will feature a new bet – the Place Pick Six.
A 50-cent base wager, the Place Pick Six will be offered on races four through nine daily with a 15% takeout. A winning ticket will have correctly selected a horse that finishes first OR second in those races.
“It’s a great way to appeal to casual fans and serious horseplayers alike,” said Bill Knauf, assistant general manager at Monmouth. “We’re always looking for new and innovative wagers that are appealing. With a 15% takeout rate on our Pick 4, Pick 5 and Pick 6, we’re providing fans with a low-cost, high-reward handicapping option on the entire Monmouth card.”
The Place Pick Six will have a carryover provision. If no one has a winning combination, then 25% of the pool will be paid out to those who have the most winning combinations. The remaining 75% of the pool will be carried over to the following day’s Place Pick Six.
In 2007, Monmouth debuted the 50-cent Pick 5, which has become extremely popular at racetracks across the country. The Pick 5 is set for races six through 10 daily.
Monmouth will continue to offer the Pick 4 (races two through five and the last four races on each card). For 2011, the Pick 4 has a new base of 50 cents, down from $1 last season. The Pick 4 and Pick 5 both have carryover provisions.
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