Why is The Meadowlands the industry’s handle leader? There are many factors that make the mile oval the most prolific in terms of average wagering per card in the game, with large field size and small takeouts on popular bets being the most influential.
But it is not only big bettors that fuel the bustling betting, but small players also have a sizeable say in making the Big M what it is, as they are able to get a lot of action for not a lot of money if they team up with other players to take on the track’s most popular puzzles.
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Despite a month of crippling winter weather and the re-opening of racing in Ontario two weeks ago, betting at The Meadowlands has stayed on a roll. In fact, on Friday (March 5) night, management is hoping to up the track’s streak of wagering at least $3 million to an impressive 10th consecutive program.
“We say it often,” said Big M Chief Operating Officer and General Manager Jason Settlemoir. “But horseplayers have really responded in a big way to our low takeout wagering menu. With six of our popular 15 percent takeout wagers being offered every night, it has given players a more realistic chance to turn a profit, making The Big M the best place to play.”
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Last weekend (Feb. 12-13) was the third straight that saw total handle exceed the $7-million plateau at The Meadowlands – a lofty level reached three times during all of 2020 – and much of the recent wild wagering at the mile oval is due to the popularity of the track s low 15 percent takeout bets.
The Big M has seen great results since changing the Hi-5/Pentafecta format. Formerly, it was a 20-cent base with a jackpot , meaning it paid out only when there was one winning ticket. The response has been vigorous since management changed it to a 10-cent base that pays out on all winning tickets.