Stunning News From Hollywood Greyhound Track
In a shocking and dramatic announcement, made last night on Big Jackpot Betting.com , Hollywood Greyhound Track aka Mardi Racetrack and Casino has set the entire pari-mutuel world on end. Aldo Leone, Director of Racing at Hollywood, announced that beginning on Thursday night March 3 the effective payout on all Win, Place, & Show wagers would top out at 91%. These levels of return are virtually unheard of and have not been approached in more than fifty years on any kind of pari-mutuel wagering platform.
Aldo was quoted as saying "that in addition to earlier cuts we made in the takeout we have now reduced our takeout in half compared to our rates from last year and those were already some of the lowest in the industry to begin with". In effect Hollywood is doubling down and will attempt to compete with all forms of gambling by offering the highest rate of return in the gambling world. While some fans seem to be willing to bet into pools that only offer a return of 70% it will make a huge difference in the bottom line for all those fans that choose to receive the 90% payback on their wagers.
The entire pari-mutuel world will be watching to see the results of Hollywood's actions and that includes not only the Greyhound World but both Harness and Flat Racing Worlds as well. This is a bold move on the part of Hollywood and if it works it will certainly be a game changer on many different fronts.
If you have any interest in preserving any type of racing in this country than we strongly encourage you to support this action. Racing has badly needed a major change and now Hollywood has stepped up to the plate and given all race fans a project to rally behind. The time is now to prove that racing fans can and will support a product that is designed with the fans best interest at heart. For once someone has put the wagering public first and now it up to us to prove that this is the type of thinking that we needed all along.
Hollywood races Sunday,Monday,& Thursday Nights at 7:30pm est and on Friday & Saturday first post is at 4:30pm est. You can catch all the action and watch,wager and win at www.bigjackpotbetting.com