The track features quarter horses, thoroughbred dirt racing, and thoroughbred turf racing and can be wagered on from any major online wagering platform for non-Minnesota residents. The track will run Tuesday, Wednesday, and Thursday evenings at 5 pm Central as well as select holidays and Sundays. With the smashing success of the wagers, Canterbury has announced the takeouts will return when the track begins the 2021 season on Tuesday, May 18. Multiple records for payouts were set throughout the season including several scores of over $50,000. With the lower takeout players enjoyed the larger return on investment from swelling pools and less money coming out of the pool than anywhere else in the country. The total for the meet in the pick 5 handle was $4.1 million. Despite these factors and the fact that Minnesotans cannot bet Canterbury Park via online platforms, the average handle increased to over $79,000. In 2020 Canterbury ran 12 fewer race days, had no fans to start, and only gained limited attendance later in the meet. In 2019 Canterbury had an average handle in the pick 5 of about $8,300 which totaled around $550,000 for the season. Needless to say, the bets were a smashing success as can be seen by the increase in handle. This meant that more of the money in the pool was going to the winners of the bets. Perhaps the most welcome change for horseplayers was the introduction of an industry-low 10% takeout on both the pick 5 and pick 6. This would help drive horseplayers from around the country to play the track as these days are much less busy and feature fewer marquee tracks than the weekend. In 2020 the announcement was made that the track would be moving away from a Thursday-Sunday format to a Tuesday-Thursday evening format to increase signal distribution. The track that relied heavily on an on-track handle, was now forced to find creative ways to drive revenue. They were allowed to race, but fans were not allowed at the beginning of the season.
Like so many tracks in 2020, Canterbury found itself in a bittersweet position. The events around their horse racing bring in traffic and increase on-site handle.Īmong the most popular events are extreme race day, corgi racing, and the 4th of July fireworks celebration. Nestled in Shakopee, MN, a suburb of the Twin Cities, Canterbury Park has always thrived on an experience that prioritizes entertainment. Players need to not only beat the other bettors but the takeout as well which can be as high as 25% for single-race wagers.Ĭompare that to the roughly 5% average juice of many sportsbooks and it is easy to see why horseplayers want to see rates on the horses drop. One of the biggest gripes from horseplayers is how difficult it is to have long-term success at the races. However, in 2020 Canterbury Park experimented with reducing takeout and giving more money back to the horseplayers.
This leads to a substantial takeout rate. Unlike other sports, the prize money is supported by the gamblers. Horse racing is an expensive game for race tracks.
0 kommentar(er)
