HRFLA Staff Report
Gulfstream Park will begin three straight days of racing on Friday–starting a weekend that will include Saturday’s mandatory payout on the Rainbow 6 jackpot/carryover.
If the carryover extends into Saturday, the Rainbow 6 pool likely will be between $3 million and $4 million.
On Friday, the Hallandale Beach, Fla,, track will have nine races and first post of 2:00 p.m.
The Friday carryover on the Rainbow 6 will be $432,027. The 20 cents per combination-only bet will be on races four to nine with the sequence scheduled to start at 3:30 p.m.
If Friday’s Rainbow 6 is not taken down (i.e. just one ticket with all six winning horses) the carryover will continue and likely will be about $600,000 on Saturday.
In that situation, Gulfstream history indicates that approximately $3 million will be bet on the Rainbow 6. That is about ten timers the amount that would be bet on a day without a mandatory payout.
The Rainbow 6 jackpot is made up of the entire coming-in carryover plus 80 percent of the day’s new Rainbow 6 bets.
On Saturday, Gulfstream will pay it all out regardless of the number of tickets with all six winning horses.
On non-mandatory days, such as Friday, Gulfstream pays out the jackpot only if there is just one ticket with all six winners.
Otherwise on non-mandatory days, Gulfstream takes out 20 percent of the day’s new Rainbow 6 bet. It divides 56 percent among tickets with the most winners (usually six) and adds 24 percent to the carryover.
The carryover has grown because Gulfstream has gone thirteen straight race days without the jackpot payoff requirement of just one ticket with all six winning horses.