Sport
BY OBSERVER RACING WRITER Friday, January 03, 2014The news around the racetrack is that there is a possibility the Pick-9 exotic wager at its present amount of $10 per line is under review, and that attempts will be made by the promoting company Caymanas Track Limited (CTL) to reduce the base wager to its original amount of $5.Confirmation of this possible move by CTL follows the decision by the company last year to increase the unit cost for win, place, exacta, quinella and some other bets to $50, from the then amount of $40. The decision was also taken at the time to increase the Pick -9 from $5 to $10.The only comment coming from an official of CTL regarding the possibility of a reduction in the cost of the Pick-9 was: “At this time the matter is under consideration.” For a change to take place, CTL would have to make a formal request in writing to the Betting Gaming and Lotteries Commission (BGLC), after which the BGLC would consider the request and take a decision.There has been a noticeable decline in the amount of betting dollars spent on the Pick-9 since it was increased in the middle of last year. Sales have been struggling to reach the $1 million mark on most race days, with the exotic wager having a minimum guarantee payout of $1 million.Members of the public at the races.
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Pick -9 set for possible reduction
