Thursday, June 29, 2017
Gulfstream Mandatory Payouts for Friday
Gulfstream Park will have mandatory payouts on Friday on the Rainbow 6, Late Pick 5 and Super Hi-5.
Friday is closing day of Gulfstream’s Spring Meet and the last day of Florida’s 2016-2017 fiscal year. For both reasons, a pari-mutuel cannot have a carryover into the next race day.
First post is 2:15 p.m. for a nine-race card.
*Rainbow 6 – It will be on races four to nine, with the sequence set to start at 3:58 p.m. It is a 20-cent only bet.
The carryover going into Thursday was $64,534. If there is no single ticket “jackpot winner” on Thursday, the carryover for Friday probably will be about $90,000. In that case, there probably will be more than $200,000 bet on the Rainbow 6.
On Friday, Gulfstream will pay out the entire carryover plus 80 percent of the day’s new Rainbow 6 bets (20 percent takeout) —regardless of the number of tickets with winners of all six races. If five, or even fewer, is the most winners those tickets will divide the jackpot.
*Late Pick 5 – 50 cent minimum bet on races five to nine. Usually, if there are no tickets with all five winners, Gulfstream makes a consolation payout on tickets with 4 of 5 and puts most of the pool into a carryover. If there are no tickets with five winners on Friday, Gulfstream will divide the pool (minus 15 percent takeout) among tickets with the most winners.
*Super Hi-5 – requires picking the first five finishers in correct order with no consolation payouts such as picking the first four spots. Usually if there are no 5-of-5 tickets, Gulfstream takes out 18 percent of the bet and puts 82 percent into a carryover.
On Friday’s ninth and final race, Gulfstream will pay out the carryover and 82 percent of new bets even if there are no tickets with the first five finishers in correct order.