Friday, October 30, 2020

GP West Saturday: Mandatory Rainbow 6 Payout; Pool Starts Out With $111,271 Carryover

By Jim Freer and Barry Unterbrink

The Gulfstream Park West meet n Saturday will have a mandatory payout on its Rainbow 6--regardless of the number of tickets with all six winning horses.

The pool will get started with a carryover of $111,271, which is eight race  days old.

Based on GP West wagering history it is likely that a carryover of that size will help generate $500,000 or more in Rainbow 6 bets.

GP West's nine-race Saturday card will have first post of 12:00 p.m. The meet is sponsored by Gulfstream Park and is run at Calder in Miami Gardens.

How the Bet Works

The Rainbow 6 will be on races four to nine with the sequence scheduled to start at 1:34 p.m. It is a 20-cents per combination-only bet, with multiple horses allowed in each race and thus multiple combinations.

For example, a ticket with two horses in each race has sixty-four horses and costs $12.80.

The Rainbow 6 jackpot consists of the entire coming-in carryover plus 80  percent of the day's new Rainbow 6 bets (20 percent takeout).

Gulfstream usually pays out the jackpot only if there is just one ticket with the winners of all six Rainbow 6 races.

On a mandatory payout day, the jackpot is divided among all tickets with six winners.

On non-mandatory days (such as Friday) when there are multiple tickets with all six winners, Gulfstream takes out 20 percent  of the new bet. It then divides 56 percent among winning tickets and adds 24 percent to the carryover. 

Friday Results

Friday was the eighth straight day with  multiple Rainbow 6 winning tickets--thus growing the carryover each day.

On Friday, there were 25 Rainbow 6 tickets with all six winners.  Each won $1,797.10 on a 20 cent bet.

 A key point to remember on the Rainbow  is: 

If you have one of the multiple winning Rainbow tickets on a day without a mandatory payout. , you win your share of 56 percent of the day's bet but none of the carryover. 

If you have one of the multiple winning tickets on a mandatory payout  day, you are part of a bigger pie and you win your share of 80 percent of the day's bet and your share of the entire carryover.

*On Saturday morning, we will post a story on handicapping the Rainbow, including  a video in which Gulfstream analysts Jason Blewitt and Ron Nicoletti make their selections.

Watching and Wagering

 The GP West meet is closed to spectators and does not have any live betting on site.

At its track in Hallandale Beach, Gulfstream has its north tent area open on GP West race days for simulcast betting on those races and on other tracks that are part of its regular simulcast menu.

Details can be found on Gulfstream's Web sitehttps://www.gulfstreampark.com/ or by calling the track at  (954) 454-7000.

Betting on Gulfstream West races may be done on most Advance Deposit Wagering (ADW) Internet and phone services. Many sports books, race tracks and OTB offices have simulcasting on GP West races.

Tampa Bay Downs, Hialeah Park and Pompano Park are among Florida pari-mutuels that carry the GP West simulcast schedule.

 


 





 




GP West: Mandatory Rainbow 6 Payoff Saturday; Fast and Firm for Friday's Card

On Saturday, the Gulfstream Park West meet will have a mandatory jackpot payout on its Rainbow 6 bet.

There is a prospect that the pool could be in the  $500,000 range or higher if the jackpot is not taken down by a  single ticket on Friday.

The GP West Friday card has eight races with first post of 12:00 p.m. The GP West meet is sponsored by Gulfstream Park and run at Calder in Miami Gardens, Fla.

The Friday card  has a Rainbow 6 carryover of $92,016. The 20-cents per combination-only  bet is on races three to eight, with the sequence set to start at 1:04 p.m.

The dirt track is listed as Fast and the turf is listed as Firm. The first, third, fifth and eighth races are scheduled for turf.  The Weather Channel forecast is for the chance of rain to increase from 15 percent to eighty percent during the course of racing hours.


The Rainbow 6 jackpot consists of the entire coming in carryover plus 80  percent of the day's new Rainbow 6 bets (20 percent takeout).

Gulfstream usually pays out the jackpot only if there is just one ticket with the winners of all six Rainbow 6 races.

On a mandatory payout day, the jackpot is divided among all tickets with six winners.

Ona non-mandatory days when there are multiple winning tickets, Gulfstream takes out 20 percent  of the new bet. It then divides 56 percent among winning tickets and adds 24 percent to the carryover.

Assuming that $100,000 is bet on the Rainbow 6 on Friday, the carryover will grow by 24 percent--and be in the $115,000 range on Saturday. 

That size carryover usually attracts $500,000 or more in bets on a mandatory payoff day.

We will have reports on GP West this afternoon on this blog.


Wednesday, October 28, 2020

Rainbow 6 Opener Won by 24-1 Shot

Special Princess (3) at 24-1 won Gulfstream Park West's fourth race on Wednesday, to start the Rainbow 6.

The carryover coming in was $59,224.  Bettors added $60,323 to the pool,

Gulfstream has guaranteed that the jackpot pool will be at least $125,000 if there is just one ticket with all six Rainbow 6 winners.

If that happens, Gulfstream will have to put in about $5,000.

 

GP West: Three Wednesday Races Taken Off Turf

 

At the  Gulfstream Park West meet, three of Wednesday's five scheduled-for-turf races have been moved to the dirt track that is listed as Fast.

Those races are the first, third and fifth. As of 10:55 a.m. the seventh and ninth races are still scheduled for the turf which is listed as Good. 

First post is12:00 p.m. for Wednesday's nine-race card at Calder in Miami Gardens, Fla.

Skies are clear around the Calder area and the Weather Channel forecast is for just a ten percent chance of rain during racing hours.  But the turf is still  drying out after recent days' heavy rains.

Wednesday is the 18th day of the 40-day GP West meet.

Thus far, there have been thirteen days on which meet sponsor Gulfstream Park has taken one or more races off the turf because of rain and/or lingering wet conditions.

Through Sunday. 45 of the  67 scheduled-for-turf races have been taken off that surface.

In all of last year's  40-day GP West meet there were only  eight days on which one or more races were taken off the turf.

That meet had 168 scheduled-for turf races, with 26 coming off that surface.

On Wednesday, the Rainbow 6 has a carryover $59,224.  The 20 cents per combination-only bet is on races four-to-nine with the sequence set to start at 2:34 p.m.

Gulfstream is guaranteeing that the Rainbow 6 jackpot/carryover will be at least $125,00 0 if thee is just one ticket with all six winners.

We will have coverage of today's GP West racing on this blog.