GP Rainbow 6  Carryover Passes $1 Million

HorseRacingFLA Staff Report

Gulfstream Park’s Rainbow 6 carryover will be $1,010,856 on Friday.

Gulfstream will have eleven races with first post of 12:35 p.m.  The Rainbow 6 will be on races six to  eleven, with the sequence scheduled to begin at 3:02 p.m.

The Rainbow 6 carryover has been growing because Thursday was the 20th  straight race day without the jackpot payoff requirement of just one ticket with the winners of all  six Rainbow 6 races. The jackpot is the full carryover plus 80 percent of the day’s new Rainbow 6 bets.GPWest_Rainbow6, 300x125ad

Thursday’s Rainbow 6  was dominated by low odds winners.  There were 895 ticket with all six winners.  Each received $190.42, under the non-jackpot day payout of 56 percent of Thursday’s bet to tickets with the most winners (in Thursday’s case six). Gulfstream added 24 percent  to the carryover.

Wagering on the Rainbow 6 was $304,327 om Thursday—highest for a weekday during the current championship meet.

The carryover is highest since April 20

The Rainbow 6 is a 20-cent per combination-only bet. Multiple horses can be used in each race, thus setting up a ticket with multiple 20 cent combinations.  For example, a ticket with two horses in each race has 64 combinations and costs $12.80.

Gulfstream will end its 2016-2017 championship meet on April 2.   A state law prohibits a pari-mutuel from continuing a carryover into a succeeding race meet.

So  Gulfstream will need to set a mandatory payout day, when it will pay out the carryover even if there are multiple tickets with all six winners.

If the carryover is not taken down by the  mandatory day, there could be as much as $2 million bet on the Rinbow6 that day.