Monday, January 29, 2018

GP Rainbow 6 Closes With Almost $20 Million; Each Winning Ticket Pays $15,566.10

Bettors who were chasing a mandatory payoff on a carryover wagered $15,788,224 on the Rainbow 6 at Gulfstream Park on Sunday.

That betting combined with the carryover of $3,991,011 to produce a Rainbow 6 pool of $19,779,235.

The day’s wagering and the pool were both North American records for a Pick 6 bet, according to Gulfstream. 

The payoff was $15,566.10 on a 20 cent bet on each ticket with the winners of all six Rainbow 6 races.  The previous records were set at Gulfstream on March 26, 2016.

There were 1,068 winning tickets, according to calculations by HorseRacingFLA.  Winners divided a jackpot of $16,621,590. That was a combination of the entire carryover plus 80 percent of Sunday’s Rainbow 6 bets. Each day, there is a 20 percent takeout on new Rainbow 6 bets.

On non-mandatory payoff days, Gulfstream pays out the jackpot only when there is just one ticket with all six Rainbow 6 races.  On those days, it takes out the 20 percent, divides 56 percent among tickets with the most winners (usually six) and ads 24 percent to the carryover. 

The carryover had grown because Gulfstream had gone 39 straight days with multiple Rainbow 6 winning tickets.

Sunday’s betting on the Rainbow 6 was more than half of the day’s all-sources handle (total handle) of $28,079,029 for Gulfstream’s 12 races.

Our records indicate that was the largest ever at Gulfstream except for days when it held the Breeders’ Cup, the Pegasus World Cup or the Breeders’ Cup.

Prior to Sunday, the records for the Rainbow 6 wagering of $10,782,375 and a total pool of $15,285 on March 26, 2016.

The carryover coming in that was $4,503,332 and had built up over 52 days. There were 146 winning Rainbow 6 tickets—each paying $89,457.

Gulfstream will begin a new Rainbow 6 pool on Wednesday when it resumes racing with ten races and first post of 12:35 p.m.

The only Gulfstream carryover going into Wednesday is $4,143 on the Super Hi-5 on the first race.
--Jim Freer

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