The Gulfstream Park West meet will have a mandatory payout of its Rainbow 6 jackpot/carryover this coming Sunday Nov. 24.
That will be closing day of the 40-day meet at Calder in Miami Gardens.
And there are expectations that the carryover will be in the $1 million range and that $5 million or more will be bet on the Rainbow 6–if the carryover keeps growing until Sunday.
GP West will resume racing on Wednesday, and the Rainbow 6 carryover will be $909,176.\
First post will be 1:20 p.m. for an eight-race card. The Rainbow 6, a 20-cents per combination only bet, will be on races three to eight with the sequence scheduled to start at 2:20 p.m.
The carryover has grown because there has not been a day with just one Rainbow 6 winning ticket since the start of the GP West meet.
The jackpot consists of the entire coming in carryover plus 80 percent of the day’s new Rainbow 6 bet (20 percent takeout).
On non-mandatory days with multiple winning tickets meet sponsor Gulfstream Parktakes out 20 percent of the day’s new Rainbow 6 bet. It then divide s 56 percent of the new bet among tickets with six winners and adds 24 percent to the carryover
On a mandatory day, Gulfstream will pay out the entire Rainbow 6 jackpot, regardless of the number of winning tickets – dividing it among those tickets
The 40-day Gulfstream Park West meet will end on Sunday Nov. 24. The Gulfstream Park 2019-2020 championship meet will open on Friday Nov. 29 at Gulfstream’s home track in Hallandale Beach.
A Florida law prohibits a pari-mutuel from extending a carryover into another race meet.
Thus, Gulfstream will need to have a mandatory payoff on the Rainbow 6 jackpot prior to the close of the GP West meet.
A key question is whether there will be a day with just a single winning ticket prior to Snnday. If so, the carryover for Sunday will be much lower than $1 million.
But we expect that at least $500,000 would be bet on the Rainbow 6 on closing day–when 80 percent of the day’s wager will go back to bettors rather than the standard 56 percent.