Wednesday, December 28, 2016

Rainbow 6 Carryover Reaches $300,000

Gulfstream Park will have a Rainbow 6 carryover of $300,099 on Thursday, as bettors prepare for a mandatory payout this Saturday Dec. 31.

First post is 12:35 p.m. for Thursday’s ten-race card.  

On Wednesday there were 11 tickets with the winners of all six Rainbow 6 races. Each was paid $8,602.06 under Gulfstream’s rules on days when there are multiple winning tickets.

Thursday will be the first of two days prior to a mandatory payout of the Rainbow 6 carryover on Saturday—regardless of the number of tickets with the winners of all six Rainbow 6 races.

If the carryover extends into Saturday, Gulfstream precedent suggests that $1 million or more could be bet on the Rainbow 6.

The Rainbow 6 jackpot is comprised of the full carryover plus 80 percent of the day's bets on the Rainbow 6.

Gulfstream pays out the full jackpot (all of the carryover plus 80 percent of the day’s Rainbow 6 bet) only on days when there is just one ticket with the winners of all six Rainbow 6 races.

Wednesday was the 13th straight day when that did not happen, and thus the carryover continued.

On such days, Gulfstream takes out 20 percent of the day’s Rainbow 6 bets and then divides 56 percent among tickets with the most winning horses (in Wednesday’s case six) and adds 24 percent to the carryover.

The carryover coming into Wednesday was $260,502.  Bettors added $164,867 to the Rainbow 6, the second highest on it through 16 days of the championship meet.

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.
--Jim Freer

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