GP: Saturday's Mandatory Payout Rainbow 6 Starts with Carryover of $570,895

HRFLA Staff Report

Gulfstream Park will have a mandatory payout of its Rainbow 6 jackpot on Saturday--no matter the number of tickets with all six winning horses.

On its Web site Gulfstream said it anticipates that the Saturday Rainbow 6 pool will be about $2.5 million.

Gulfstream will have twelve Saturday races, with first post of 12:30 p.m.   

The Rainbow 6 will be on races seven to twelve, with the sequence scheduled to start at 3:40 p.m.  It is a 20 cents per combination-only bet.

The pool will start with a carryover of $570,895.  

HorseRacingFLA's review of Equibase charts indicates that Saturday's wagering on the Rainbow 6 will be between $2 million and $3 million--thus supporting Gulfstream's projections for the Rainbow 6 jackpot.

The jackpot consists of 80 percent of the day's Rainbow 6 bet (there is a 20 percent takeout) and the entire coming-in carryover.

On most days, Gulfstream pays out the jackpot only if there is just one ticket with all six winning horses.

On pre-designated mandatory payout days, Gulfstream divides the jackpot among all tickets with six winners.

On non-mandatory days, Gulfstream takes out 20 percent of the day's  Rainbow  6 bets.  It then divides 56 percent among tickets with the most winners (usually six) an adds 24 percent to the carryover.

Friday was the 11th straight race day with multiple winning Rainbow 6 tickets--and thus a growing carryover.  It has reached a point where Gulfstream is paying the carryover back to bettors who have built it--with expectations that they will bet in a new Rainbow 6 pool the following day.

Friday's Results

On Friday, the coming-in Rainbow 6 carryover was $526,932.

Bettors added $183,201 to the pool.

Each ticket with all six winners paid $1,512.48 on a 20-cent bet.

HRFLA's review of Equibase charts shows there were 67 such tickets.

Program numbers of the winning horses were 1-7-5-5-2-3.   Odds on the winners ranged from 3-5 to 8-1.

Saturday's Card

This link to the Equibase Web site has the Gulfstream entries for Saturday.  It has click-ons for handicapping material. Some is free. Some, including Past Performances, is at cost,

The Weather Channel forecast is for temperatures in the high 80s and a zero percent chance of rain during racing hours.

The Gulfstream Web site  has  this preview:

A full field of $20,000 claimers will kick off the Rainbow 6 in a mile turf event that will be identified as a ‘spread’ or "go deep" race by many handicappers.

 A mile maiden special weight race for 3-year-olds and up follows in Race 8. Todd Pletcher-trained Mr. Briggs, a 3-year-old gelded son of Super Saver, is scheduled to debut as the 5-2 morning-line favorite in a field of eight. George Weaver-trained Road to Success, a 3-year-old son of Quality Road, is also slated to make his debut. Gustavo Delgado-trained Taita, a fast-closing second last time out, is among the most promising entrants that have raced.

A full field of $12,500 claimers in Race 9, a 7 1/2-furlong turf race, is likely to challenge the skills of Rainbow 6 handicappers.

A pair of optional claiming allowances will follow. In Race 10, a field of eight will contest the six-furlong sprint for 4-year-olds and up, including Reservenotattained, the 2-1 morning-line favorite who had won three straight before finishing third last time out.

 In Race 11, Mystic Lancelot, a son of Into Mischief who finished a close second last time out, is the 2-1 morning-line favorite in the mile turf race for 4-year-olds and up.

The Rainbow 6 sequence will wrap up with a $16,000 maiden claiming race at 1 1/16 miles on turf, featuring a wide-open race that will include Saffie Joseph Jr.-trained first-time starter Raison the Glass and John Kimmel-trained Secrets Kept, a close second last time out.