Thursday, June 15, 2017

Rainbow 6 Carryover Grows to $951,477

By Jim Freer and Barry Unterbrink
The carryover will be $951,477 on the Rainbow 6 at Gulfstream Park on Friday.

Gulfstream will have nine races with first post of 2:15 p.m.  The Rainbow 6 is on races four to nine, with the sequence scheduled to start at 3:58 p.m. It is a 20-cent per combination only bet with a 20 percent takeout.

On Saturday, there will be a mandatory jackpot payout on the Rainbow 6.  

Gulfstream will divide the full carryover plus 80 percent of the day’s bets on the Rainbow 6 among all tickets that have the winners of all six Rainbow 6 races. On most days, it pays that full jackpot only if there is just one ticket with all six Rainbow 6 winning horses.

Based on a review of Rainbow 6 betting history, HorseRacingFLA estimates that the pool could be $3 million or more on Saturday—a $1 million carryover plus $2 million or more in new bets chasing part of the “closing out” carryover.

However, if there is a single winning Rainbow 6 ticket on Friday, it would take down the jackpot.  Gulfstream would then start a new Rainbow 6 pool on Saturday.

The Rainbow 6 carryover is growing because Gulfstream has gone 32 racing days without the jackpot payoff requirement, for non-mandatory days, of just one ticket with the winners of all six Rainbow 6 races

On days with multiple winning tickets, Gulfstream takes out 20 percent of the day’s Rainbow 6 bet. It then divides 56 percent of the day’s Rainbow 6 bet among tickets with the most winners (usually six) and adds 24 percent to the carryover.

On Thursday, betting was $221,992 on the Rainbow 6.
There were 113 tickets with all six Rainbow 6 winners. Each received a payoff of $1,100.16 on a 20-cent bet. Gulfstream expanded the carryover from $898,212 to $951,477.
All six winners in Rainbow 6 races were at 5-1 odds or lower.

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