Takedown

Takedown represents the percentage of total prize pool money along with bet amounts that casinos take in exchange for hosting events. 

Application 

In poker tournaments takedown applies, when the host removes a percentage of the entry fee to cover expenses and generate revenue. In games besides poker tournaments the casino takes specific amounts from total bets placed by players. 

Impact on Players 

The takedown reduces tournament funds, because operators deduct a portion prior to disbursing prize money to players. Sports bettors need to understand the takedown percentage because it affects how profitable it is to join tournaments or games.