Monday, November 4, 2019

GPW Rainbow 6 Carryover Grows to $533,241



By Jim Freer and Barry  Unterbrink

The  Gulfstream :Park  West meet is 25 days old and the Rainbow 6 carryover has grown on each of those days---reaching $533,241 when racing resumes on Wednesday.

First  post  will be 1:00 p.m. for an eight-race card at Calder in Miami Gardens.

The Rainbow  6  will be on races  three to eight with the sequence scheduled to start at 2:00 p.m.

On Sunday, there were just three tickets with all six Rainbow 6 winners. Each  was paid $29,224.68  on the 20-cent per combination only bet.

Program numbers  of the winning horses  were 9-9-3-1-7-11.

The number of winning tickets was low primarily because  Takestwotowiggle  (11) at 29-1 won the eighth and final race.

Going into the eighth race there were tickets with 81 1ive combinations.  

Only one had a single--on Sharon's Law (3).  If that horse won, the ticket  holder would have taken down a jackpot payoff of  approximately  $630,000.  

That would have combined the entire coming-in carryover of $498,621 plus 80 percent of the day's Rainbow  6 bet of $144.042.

Sharon's Law  finished sixth in the field of eleven horses.

Odds on the other five winning horses were  7-1. 2-1. 9-2. 5-2 and 7-2.

On days with multiple tickets that have all six winners,.Gulfstream  takes out 20 percent of the day's Rainbow 6  bet. It then divides 56 percent of the day's Rainbow 6  bets among tickets with six wiinner  and adds 24 percent to the carryover.

The high odds on the eighth race winner led to these high payoffs:

*Late  Pick  5 =-$46,032  wagered;  tickets with  five of five wieners received    $14,672.10 on the minimum 50 cent bet. 

The number of winning tickets was not available.  But it probably was two or three.  Tickets with four of five winners received $80.55 on the minimum  50 cent=bet.

*Late Pick 4 -- $50,732  wagered; tickets with all four winners paid $8,052.28 on the minimum 50 cent bet.


On days, such as Sunday, with multiple tickets that have all six winners,.Gulfstream  takes out 20 percent of the day's Rainbow 6  bet. It then divides 56 percent of the day's Rainbow 6  bets and adds 24 percent to the carryover.


What's Ahead?
The  GP West carryover is growing almost as fast as a carryover at the recent Gulfstream Park  summer meet, when it
 took  20 days to reach  $500,000.

It lasted  47 days until it was hit by a  single ticket for  $2,211,784 .on Sept. 27

The 40-day GP West meet ends on Sunday Nov. 24.  Gulfsteam Park will not be allowed, under a state law, to continue a carryover into the  championship meet that will open on Nov. 29.

Thus the GP West meet on its final weekend will need to have a mandatory payout of   any Rainbow 6 carryover--no matter the number of tickets with six winners.

It is likely that Gulfstream will schedule that payout for Saturday Nov 23, and have a single-day pool the following day.

If the carryover continues into the closing weekend, it probably will be in the $1 million range and betting on the Rainbow 6 likely would be $5 million or more on mandatory payout  day.

The Rainbow 6  carryover has reached a size where some betting syndicates are no doubt going deep in some races.

That reduces the chances of there being just one ticket with all six winners.  But the large pools increase the prospect of large payoffs, like on Sunday, when there are only several tickets with all six winning horses.






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