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Hollywood to Offer Pick 5 With 14% Takeout

Thoroughbred Owners of California and state racing board give approval to new wager.

After receiving approval from the California Horse Racing Board and the Thoroughbred Owners of California, Hollywood Park will offer a reduced takeout Pick 5 on its wagering menu when the Spring/Summer meet begins April 21.

The Pick 5, which will have the lowest takeout rate for any multiple race wager in California at 14%, will be a 50-cent minimum bet. It will consist of the first five races daily.

There is a carryover provision with the Pick 5 if there are no perfect tickets. The carryover rules are the same as those applicable to the Pick 6.

Formerly available on the first four races, the early Pick 4 will now cover races 2-5. The late Pick 4 remains on the final four races.