By Jim Freer and Barry Unterbrink
The carryover on the Gulfstream Park Rainbow 6 has grown to $2,683,444 for Saturday.
First post is12:45 p.m. for a12-race card. The Rainbow 6, a 20-cent per combination only bet, is on races seven to12 with the sequence scheduled to start at 3:52 p.m.
Meanwhile, Gulfstream has set Sunday June 30 as a mandatory payout day for the carryover on its Rainbow 6.
Gulfstream has not yet made an announcement on when it will close the Rainbow 6 carryover.
But on Friday, Gulfstream officials told HorseRacingFLA that June 30 will be the date.
And the carryover, now 50 race days old, could be as high as $3.5 million if it is not “taken down” by a single winning ticket prior to that day.
On June 30, Gulfstream will pay out its Rainbow 6 jackpot/carryover—regardless of the number of tickets with the winning horses in all six Rainbow 6 races.
That jackpot consists of the entire going-in carryover plus 80 percent of the day’s new Rainbow 6 bets.
Gulfstream usually pays it out only on days when there is just one ticket with the winners of all six Rainbow 6 races.
On days with multiple winning tickets Gulfstream takes out 20 percent, divides 56 percent among tickets with the most winners (almost always six) and adds 24 percent to the carryover.
On Friday the carryover coming in was $2,616,516.
Bettors added $278,925 to the Rainbow 6 pool.
There were fourteen tickets with all six winners. Each was paid $11,316.20 on the 20-cent-only bet.
Numbers of the winning horses were 8-4-1-11-6-4, on races four through nine.
Blue Magic (4) in the fifth race, at 12-1, was the only Rainbow 6 winner at double digit odds.
That race was the first race in Friday’s Late Pick 5. The payoff for the minimum 50 cent bet was $18,512.10.
Saturday is the 50th day of the 55-day Gulfstream spring meet.
There will be a mandatory payout on June 30, regardless of whether the carryover is taken down prior to then.
If the carryover is five or fewer days old, June 30 betting on the Rainbow 6 might be as much as $1 million.
But if the carryover continues until June 30, it could be as much as $3.5 million.
In that case, we expect that between $7 million and $10 million would be bet on the Rainbow 6. And 80 percent of that money plus the entire carryover will be divided among tickets with the most winners (probably six).
Gulfstream will begin its Summer Meet on Thursday July 4.
A Florida law requires pari-mutuels to obtain an exemption from the Florida Division of Pari-Mutuel Wagering in order to extend a carryover to a next meet.