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Why Calif. will get away with this crime

Updated: September 9, 2010, 3:59 PM ET
By Bill Finley | Special to ESPN.com

Horseplayers are stupid.

That's what they are counting on in California, where the California Horse Racing Board is about to push through an exorbitant increase in takeout. Starting Dec. 26, the take on trifectas, superfectas, Pick Threes and Pick Fours is going up to 23.68 percent. Exactas and daily doubles are going to go up to 22.68 percent, which will be the highest takeout rate on such bets among any major racing jurisdiction. Only the irrelevant racing states of Massachusetts, Colorado ...

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