Mandatory Payout In Gulfstream’s Rainbow 6 On Saturday; $20 Million Pool Expected

A mandatory Rainbow 6 payout with the potential to yield a life-changing payoff will be held on Saturday’s Florida Derby Day program at Gulfstream Park.

The 20-cent Rainbow 6 carryover jackpot grew to $4,753,154 Friday, when the popular multi-race wager went unsolved Thursday for the 43rd consecutive racing day. The total pool is expected to approach $20 million Saturday due to the promise of producing a big-money score through a mandatory payout.

First-race post time is set for 11:30 a.m. Silks simulcast facility will be open at 8 a.m. for wagering on the Dubai World Cup program.

Guaranteed multi-race pools will also be offered for the Late Pick 4 ($750,000) and the Late Pick 5 ($500,000). The Late Pick 4 will span Races 11-14, while the Late Pick 5 will cover Races 10-14.

Saturday’s six-race Rainbow 6 sequence (Races 9-14) will be anchored by the $1 million Florida Derby (G1), featuring a showdown between Holy Bull (G2) winner Audible and Fountain of Youth victor Promises Fulfilled in a nine-horse field that will also include highly regarded graded-stakes winners Catholic Boy and Strike Power.

The Rainbow 6 kicks off in Race 9 with an $80,000 maiden special weight race at 1 1/8 miles on turf; followed by an $87,000 optional claiming allowance at seven furlongs on dirt in Race 10. The final four races in the sequence are graded-stakes, including the $250,000 Honey Fox (G3), the $300,000 Gulfstream Park Oaks (G2), the $250,000 Pan American (G2) and the Florida Derby, respectively.

The Rainbow 6 was last hit Jan. 28, when the mandatory payout of a North American record $19.779 million pool produced multiple winning tickets worth $15,566.

The carryover jackpot is generally only paid out when there is a single unique ticket sold with all six winners. On days when there is no unique ticket, 70 percent of that day’s pool goes back to those bettors holding tickets with the most winners, while 30 percent is carried over to the jackpot pool. However, on days when a mandatory payout is scheduled, the entire pool is shared by those holding tickets with the most winners.

The record Rainbow 6 payoff was $6.6 million won by a Palm Beach bettor May 25, 2014, the day before a scheduled mandatory payout.

A total of $641,888 was wagered into the Rainbow 6 Friday, adding to a carryover of $4,599,159.48 from Thursday’s program.  Multiple tickets with all six winners each returned $13,714.56.

The post Mandatory Payout In Gulfstream’s Rainbow 6 On Saturday; $20 Million Pool Expected appeared first on Horse Racing News | Paulick Report.

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