Friday, April 16, 2021

GP Rainbow 6-=-$526.932 Friday Carryover; Mandatory Payout on Saturday

HRFLA Staff Report

Gulfstream Park's Friday card has a carryover of $526,932 on its Rainbow 6.

The 20 cents per combination-only bet will be on races four to nine, with the sequence scheduled to start at 2:40 p.m.

Bettors who focus on the exotics also will be looking ahead to Saturday, when Gulfstream will have a mandatory payout of the entire Rainbow 6 jackpot--regardless of  the number of tickets with all six winning horses.

If the carryover continues into Saturday, it likely will be in the $600,000 range.  Gulfstream wagering  history indicates that a carryover of that size would attract new Rainbow 6 bets of about $3 million.

Gulfstream's Sunday card will have twelve races, with first post at 12:30 p.m.  The Rainbow 6 will be on races seven through twelve with the sequence scheduled to start at 3:46 p.m. 

The jackpot consists of the entire carryover  (the takeout is 20 percent) plus 80 percent of the day's new Rainbow bets. 

On days without a mandatory payout, such as Friday, Gulfstream pays out the jackpot only when there is just one ticket with all six winners.

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

The carryover has grown past $500,000 because Gulfstream has gone ten straight race days with multiple Rainbow 6 winning tickets.

If the Rainbow 6 is "taken down" by a single ticket on Friday. Gulfstream will start a new Rainbow 6 pool on Saturday--with no in-coming carryover.

But there would still be a mandatory payout of 80 percent of new bets to all winning tickets--compared with 56 percent on non-mandatory days.

In that case, betting on the Rainbow 6 likely will be in the $500,000 range.

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HorseRacing FLA staff