Monday, June 29, 2020

Tuesday: Mandatory Payouts at Florida Tracks

By Jim Freer and Barry Unterbrink

Gulfstream Park and Tampa Bay Downs will  resume racing on Tuesday June 30, and both will  mandatory payouts of their Pick 6 jackpots.

Both tracks will pay out the entire coming-in carryovers and 80 percent of the day's new Pick
 6 bets-- no matter the number of tickets with all six winning horses.

The two tracks also will have mandatory payouts on their Late Pick 5 and Super Hi-5 bets. There are no carryovers on any of those  four bets going into Tuesday.

At Gulfstream, the Rainbow 6 carryover will be $407,675. The 20 cents per combination-only bet will be on races four to nine with the sequence set to start at 1:34 p.m.  First post is 12:00 p.m. for a nine-race card.

In a news release on Sunday evening, Gulfstream said it expects that the Tuesday Rainbow 6 pool, including the day's bet, will be as much as $3 million.

Tampa Bay will have eight races on Tuesday with first post of 12:25 p.m.

It has a carryover of $61,218 on the Ultimate 6. The 20  cents per combination-only bet is on races three to eight with the sequence set to start at 1:37 p.m.

.NOTE--Tampa Bay Downs is not open for betting or racing, due to the coronavirus (COVID-19) pandemic.

Gulfstream has wagering only in its Ten Palms restaurant and Silks simulcast center. Gulfstream  suggests that patrons call ahead for reservations.  The main number is (954) 454-7000.

Betting on Gulfstream and  Tampa Bay races is available on  most Advance Deposit Wagering) platforms.

The Gulfstream Rainbow 6 and Tampa Bay Ultimate 6 are almost identical in structure.

Multiple horses are allowed in each leg of the bet. For example, a ticket with two horses in each race has 64 combinations and costs $12.80.

Tuesday  June 30 is the final day of the state of Florida's 2019-2020 fiscal year.  Florid laws prohibit pari-mutuels from extending a carryover into another state fiscal year. Thus the tracks have mandatory payouts.

NOTE--Later on Monday, we will have an article with additional details on how payouts are determined on the Pick 6  bets.

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HorseRacing FLA staff