Flatter: When betting Penn Derby, beware of takeout

The Pennsylvania Derby is worth $1 million. The takeout rate at Parx Racing is high, but it's not as bad as it used to be. Last year's Penn Derby day card brought in a record $13,799,454. The industry curve remains worse than the 9 percent for a wager against the spread on a football game. It's the 12th time the Penn derby has been held on Saturday since 2010. In the last three years, the winner of the race has not been predictable. However, it was a clear pattern in the results of previous races.