Thursday, September 29, 2016

Rainbow 6 Heads Toward Mandatory Day

Friday will be the second-to-last day of Gulfstream Park’s summer meet, and it will have a Rainbow 6 carryover of $104,270.

The carryover coming into Thursday was $89,560.
Friday’s first post will be 1:15 p.m. for an 11-race card.  The Rainbow 6 will be on races six through eleven.

And anticipation is growing for Saturday, when there will be a mandatory payout of the Rainbow 6 jackpot. That means that the entire Rainbow 6 carryover plus 80 percent of Saturday’s Rainbow 6 bet (there is a 20 percent takeout) must be paid off and it will be divided among all tickets with the winning horses in all six races.

Especially if the carryover continues, it is likely that $1 million or more will be bet on the Rainbow 6.  And as Gulfstream notes—it all must be paid out. 

If there are no tickets with all six winners, the jackpot will be divided among tickets with five winners.

On non-mandatory days, Gulfstream pays out the carryover/jackpot only when there is just one ticket with the winners of all six Rainbow 6 races.

On those days, when there are multiple tickets with six winners Gulfstream takes out 20 percent of the day’s pool and then divides 56 percent among winning tickets and puts 24 percent into the carryover.

On Thursday, $61,344 was bet on the Rainbow 6. There were 21 tickets with all six winners, and each received $1,602.76.
--Jim Freer

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HorseRacing FLA staff