Wednesday, December 12, 2018

Gulfstream Rainbow 6 Carryover Grows to $197,570 Amid 20 Percent Rise in Total Handle

By Jim Freer and Barry Unterbrink

After seven racing days of Gulfstream Park's 2018-2019 championship meet, the Rainbow 6 carryover is growing at an extremely fast pace amid a 20 percent increase in  total handle--from a daily average of $7.0 million to $8.4 million. 
That carryover is $197,570 as racing resumes at Gulfstream on Wednesday. First post is 12:35 p.m. for a 10-race card.
The Rainbow 6 is on races five through ten, with the sequence scheduled to start  at 2:33 p.m.
On the first race there  is a carryover of $8,969  on the Super Hi-5.
HorseRacingFLA has been using Equibase charts to monitor daily handle at Gulfstream meets since August 2015.

Our review shows that the current $197,570 Rainbow 6 is the largest after seven days of any Gulfstream meet during that period.  That includes the Gulfstream Championship, Spring and Summer meets and the Gulfstream Park West meet which is run at Calder.

Our review also shows that daily average betting on races at Gulfstream rose from $7.0 million for the first seven days of the 2017-2018 championship meet to $8.4 million for the first seven days of the current meet.

Thus Gulfstream is off to a fast start in possibly topping its record $10.6 million daily average for total handle (all-sources handle)--set in the 2017-2018 championship meet.
Later this week, we will have a story with additional details about Gulfstream handle.

The Rainbow 6 carryover has grown because in the current meet there have been no days with the jackpot payoff requirement of just one ticket with the  winners of all six Rainbow 6 races.

The jackpot consists of the entire coming-in carryover plus 80  percent of the day's new Rainbow 6 bets.

On days with multiple winning Rainbow 6 tickets Gulfstream takes out 20 percent of the bet, divides 56 percent among  tickets with the most winners (usually six)  and adds  24 percent to  the carryover.
On Sunday, Gulfstream's most recent day, there were 23 tickets with all six winners. Each was paid $3,028.28 on the 20-cent only bet.
The carryover coming in was $165,448.  Bettors added $123,858 to the Rainbow 6 pool.
The winning combination was 7-4-2-6-6-3.  Two winners were favorites and the other four were sent off at  5-1 or lower.
Three of the Rainbow 6 races were scheduled for turf, but due to morning rain were run on the dirt track that was listed as good.
Ten horses were scratched because of the surface switch. The  six races still had a total  of 52 starters--for a relatively high average of 8.7 per race.
On Wednesday the Rainbow 6 races have 67 entrants, including Main Track Only and Also Eligible.
The feature ninth race iis five furlongs on turf for 3-year-olds and up.  It has a $40,000 purse and a$16,000 optional  claiming price. There are ten entrants, including Trev who is main track only and the likely favorite if the race is switched to that surface
The Rainbow 6 is a 20-cent per combination only bet.  Multiple horses may be included in each race. For example,a ticket with two  horses in each  race has 64 combinations and costs $12.80..

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