Tuesday, June 18, 2019

Gulfstream's Thursday Racing

When Gulfstream Park resumes its spring meet on Thursday By it will have a 48-day old carryover of $2,544,245 on its Rainbow 6. 

And with just eight race  days left in that meet, there are expectations that the carryover will continue and will not be “taken down”  by a single ticket with the winners of all six Rainbow 6 races.

Thus, to end  the  carryover Gulfstream will soon announce a “mandatory payout day” on which it  will pay out the carryover even if there are multiple  tickets with  all  six  winners.

As noted below, it is likely that  Gulfstream will select Saturday June 29 for the mandatory payout.

Thursday Card

First post is 1:15 p.m. for Thursday’s ten-race card.

The Rainbow 6 is on races five through ten with the sequence scheduled to  start at 3:15  p.m.

The carryover is 48 racing days old. That is the number of days on which there have been multiple  tickets  with the winners  of all six Rainbow 6 races.

Gulfstream pays out the carryover plus 80 percent of a  day’s new bets on the Rainbow 6 only on days when there is just one ticket with the winners of all six races.

On Sunday,  Gulfstream’s most recent race day, there were eleven tickets with all six winners. Each ticket paid $12,532.92 on the 20-cent only bet.

Bettors added $246,242 to the Rainbow 6. Per its rules on days with multiple winning tickets, Gulfstream took out 20 percent of that amount.  It then divided 56 percent among the tickets with six winners and added 24 percent to the carryover,

What’s Ahead

The Gulfstream spring meet will end on Sunday June 30, and its summer meet will  begin 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.

Based on Rainbow 6 history, it is likely that Gulfstream will schedule a mandatory payout for Saturday June 29.

That is Gulfstream’s  annual Summit of Speed day with five sprint stakes races.

If the carryover continues  until June  29, 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).
--Jim Freer and  Barry Unterbrink


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HorseRacing FLA staff