Saturday, June 22, 2019

Gulfstream to Pay Out Rainbow 6 on June 30

 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.

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HorseRacing FLA staff