Wednesday, March 16, 2016

Gulfstream Rainbow 6 Carryover at $3.4 Million

Gulfstream Park on Thursday will have a carryover $3,389,893 on its Rainbow 6 bet.

Gulfstream has an 11-race card on Thursday with a first post of 12:35 p.m.  The Rainbow 6 is on races six to 11, starting at 3:05 p.m. It is a 20-cent only per combination bet.

The carryover is growing because Wednesday was the 44th straight day without the jackpot-paying requirement of just one ticket with the winning horses in all six races.  Our research indicates that is among the four largest carryovers in the six-year history of the Rainbow 6.

On Wednesday there were multiple winning tickets, with each paying $1,323.78. By our calculation, there were 234 such tickets.  All winners in the Rainbow 6 races were at 8-1 or lower.

The carryover coming into Wednesday was $3,256,831.  

Bettors added $554,508 to the Rainbow 6. Per the bet's rules 20 percent of that was taken out, 56 percent was divided among winning ticket holders and 24 percent was added to the carryover.

Over the ten racing days since March 3, the carryover has grown by more than $1.1 million from $2,273,704.  During that period, average  daily betting on the Rainbow 6 has been $504,000.

Gulfstream has set Saturday March 26 as a mandatory  payout date for the Rainbow 6 jackpot, even if  there  are multiple  winning tickets that day. 

If the carryover extends until March 26, we are among those who expect that betting on the Rainbow 6 could be as high  as $10 million that day.

The Rainbow 6 jackpot was last hit on Jan. 13, for  $76,799.38. The largest payout of the current Championship Meet, which began Dec. 5, was $262,634.84 on Jan. 7.
--Jim Freer and Barry Unterbrink


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