Tuesday, November 19, 2019

GP West: Mandatory Rainbow 6 Payoff on Sunday, Nov. 24th.

The Gulfstream Park West meet will  have a mandatory payout of its Rainbow 6 jackpot/carryover this coming Sunday Nov. 24.

That will be closing day of the 40-day meet at Calder in Miami Gardens. 

And there are expectations that  the carryover will be in the $1  million range and that $5 million or more will be bet on the Rainbow 6--if the carryover keeps growing until Sunday.

GP West will  resume racing on Wednesday,  and the Rainbow 6 carryover will be $909,176.

First post will be 1:20 p.m. for an eight-race card. The Rainbow 6, a 20-cents per combination only bet, will be  on races three to  eight with the sequence scheduled to start at 2:20 p.m.

The carryover  has grown because there has not been a day with just one Rainbow 6 winning ticket  since the start of the GP West meet.

The jackpot consists of the entire  coming in carryover plus 80 percent of the day's  new Rainbow 6 bet (20 percent takeout).

On non-mandatory days with multiple winning tickets meet sponsor Gulfstream Parktakes out 20 percent of the day'snew Rainbow 6 bet. It then divide s 56 percent of the  new bet amog tickets  with six winners and adds24 percent to the carryover

On a mandatory day, Gulfstream will pay out the entire Rainbow 6 jackpot, regardless of the number of winning  tickets - dividing it  among those tickets

The  40-day Gulfstream Park West meet will end on Sunday Nov. 24. The Gulfstream Park 2019-2020 championship meet will open on Friday Nov. 29 at Gulfstream's home track in Hallandale Beach.

A Florida law prohibits a pari-mutuel from extending a carryover into another race meet.

Thus, Gulfstream will need to have a mandatory payoff  on the Rainbow 6 jackpot prior to the close of the GP West meet.

A key question is whether there will be a daywith just a single winning ticket prior  to Snnday.  If so, the carryover for Sunday will be much lower than $1 million.

But  we expect that at least $500,000 would be bet on the Rainbow 6 on closing day--when 80 percent of the day's wager will go back  to bettors rather than the standard  56  percent. 


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