The Hong Kong Jockey Club has enhanced its wagering entertainment offerings ahead of the 2020/21 season, which will commence on Sunday, 6 September.
Mr. Richard Cheung, Executive Director, Customer and International Business Development said, “I would like to thank our team for a large portfolio of new initiatives this coming season, despite the challenges of COVID-19, the team has worked hard on new wagering enhancements, digital transformation as well as a range of exciting new physical channel formats.”
A. New Bet-type Arrangements commencing in September
The Forecast is a classic bet-type which requires the selection of the first and second horses in correct finishing order, offering a potentially more attractive return to customers than the Quinella. This bet type is a well-established one in commingling markets and the Club also expects a positive response from domestic customers.
Trio/Forecast Merge Pool and Take-out Reduction
The Forecast will be merged with the Trio via the HKJC’s merge pool technology to increase pool liquidity at a takeout rate of 19.5%. This also means the Trio takeout rate will decrease by 5.5%, down from 25%, thereby providing more value to our mass customers.
Rebate increase for Quinella and Quinella Place
The losing bet rebate for both the Quinella and Quinella Place (for HK$10,000+ losing tickets or betline) bet-types will increase from 10% to 12% for bets on all local races. Since Quinella and Quinella Place are the key offerings by illegal operators, the Club will now be in a better position to combat the discounts offered by these illegal operators and channel demand back for good causes.