Friday, June 30, 2017

Friday at Gulfstream: Mandatory Payouts

Friday is a mandatory payout day at Gulfstream Park, and as usual the big focus is on the Rainbow 6 where the carryover is $80,790.29.

The card has nine races with first post of 2:15 p.m. 

Conditions are listed as fast and firm and the Weather Channel forecast is for a 15 percent chance of rain during racing hours.

The Rainbow 6 is on races four to nine, with the sequence set to start at 3:58 p.m.  It is a 20 cent only bet--with multiple horses permitted in each race and thus the option of multiple bets on a ticket.

Gulfstream officials expect that $250,000 or more could be bet on the Rainbow 6 on Friday.

Because of the mandatory payout, Gulfstream will pay the Rainbow 6 jackpot regardless of the number of tickets with the winners of all six Rainbow 6 races.

The jackpot is the combination of the full carryover plus 80 percent of the day’s new Rainbow 6 bet (20 percent takeout).

On non-mandatory days, Gulfstream pays out the Rainbow 6 jackpot only when there is just one ticket with the winners of all six Rainbow 6 races. When there are multiple winning tickets on non-mandatory days Gulfstream takes out 20 percent of the day’s bet, divides 56 percent among tickets with the most winners (usually six) and adds 24 percent to the carryover.

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.

On Friday, Gulfstream also will have mandatory payouts on the Late Pick 5, on races five to nine, and on the Super, Hi-5 in the last race.

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HorseRacing FLA staff