7 days until they drop the bomb at GP
 

While the world at large frets over NY's inability to deal with something everybody else figured out a decade ago, and still missing the Met Mile on Memorial Day, at least we horseplayers have something to look forward to: barring a kick in the guts on Saturday or Sunday, we are going to have the mother****ingest mandatory payout of all time on Memorial Day at GP. Last year one of our number took down a share ($5500?) on a ticket that cost like $56. Of course that was based on a $.10 increment, and this year it is $.20--which probably means the pool will be driven upwards even more than it might have been under the former structure.

Thank you, GP, for this wonderful distraction.

Here is the condition book for GP for Monday May 26 for the big day payoff o the Rainbow 6 . http://www.gulfstreampark.com/racing...ndition-book-8

This was brilliantly done by Gulfstream. They're going to draw both Sunday and Monday and pick the best 6 races between the two days to put in the sequence. They're also incentivizing horseman by given trainers an additional $500 to start. With the door being wide open on Memorial Day, they made a great decision.

I know I'll be involved. Any horseplayer absolutely has to be.

Thanks for the headsup on this. will be much harder now for the small player though. Obviously.

I'll be taking it easy this week specifically so I can unload on Monday and try to make five figures. It's the best betting opportunity I can remember since I started playing the horses.

I'm locked and loaded...adding more funds Friday...hopefully we can get a thread going when the card draws and we can take her down

Sheets is gonna do it again!!

:tro:=:$:

I dont know if it is the best 6 races. I heard it was the 6 largest fields drawn

Best in the context of a Pick 6 is generally (in my opinion) the ones with the largest fields, but I understand your point.

Doesn't simply utilizing the six races with the largest, most inscrutable fields work to the benefit of the whales - most likely the type of people who have not been playing the wager all along?

Gulfstream wants the payout to be huge. That way they can say, for 0.20 you won $5M. It is in there best interest to make it as tough as possible to have 2/3 winners of this thing.

Are they going to payout 5 of 6 as well? Or just to all 6 of 6

I think they would want a lot of winners, not just a few, esoecially to turn more people onto the wager next year.
And with a 20 cent increment and at least 4-5 million being bet into it, there will be a lot of winning tickets.

I have a strong feeling that things might not be as they appear come Monday...too much money of the line for greed to not take hold

Only 6 of 6.

What are we thinking for a final pool? 8, 10, 12M?

Actually, that is the exact opposite of what they want.

It is already quite possible the $6 million sitting in a proverbial shoebox has been damaging churn on a national level. If there were somehow two or three winners, a virtually impossible occurrence, it would be very bad for handle going further.

I hope reasonably short prices win every race and we can get the money back into the hands of players.

well stated.....

Exactly... the impact of this bet and Gulfstream's signal popularity as a result has had a significant trickle down effect felt by many.

If Gulfstream wanted as many winners as possible, then they would card a couple of gimme races in the sequence to insure that result. By offering horseman extra money to FILL the fields, they are doing the exact opposite. They are making it harder, to increase the handle, and insure the BIG PAYOFF for a couple of dimes. The fact, that they have sucked the money out of the system, and possibly hurt other circuits, is not their concern. Just like any businessman that says competition is healthy, is liar. You want to drive your competition out of your area, so that you are the only seller of your widgets. Therefore, you set the rules of pricing.

Is there anything preventing other tracks from offer a similar bet? Certainly any of the major players could do it.

GP primes the pump on this wager during the core of their winter meet, and now has been able to carry it forward an extra 8 weeks or so. Good for them, and tough crap for loser tracks that can't (or increasing in the case of CDI tracks, won't) compete.

:tro: Agree - it is brilliant strategy. I've played it quite regularly since March, a time when typically I write off South FL racing until December

I'm curious how many syndicates would consider buying the sequence - to draw some rough assumptions - say 8 mill in the total pool and, for the sake of my poor math skills, 10 betting interests per race -

So to cover every horse, 10 to the 6th power or 1 million / .20 wager so $200,000 to buy the field. Is that right?

I'd say that the reality of it paying that well is minimal.

Would be a shame if someone scooped it Friday-Saturday or Sunday while everyone was waiting for the big day ;)

The amount of the payout is kind of beside the point. What IS the point is that you are going to have a net negative takeout, unless the total pool reaches over $30 million or so (which seems highly unlikely).

If you give me a daily double at Fairmount Park with two 4 horse fields and a negative takeout, I am betting it.

Well, let's hope at least two syndicates try it and hit it.

When do they draw the card? Friday?

Thx in advance.

I believe tomorrow.

I don't disagree, but making the sequence of races tough is done to force people to throw more money (and create bigger priced tickets) rather than just hoping that only a few hit it. Getting more money back in more horseplayers pockets is good for their bottom line too, hoping many will put at least a portion of that back into the races at GP (might be wishful thinking based on their limited schedule and quality of races until their meet ends in late June).

Have to admit, that would be kinda funny.

This, plus remember that the more money that gets bet into it, the more they get in takeout. If everybody (say 100,000 players just for example,) thought they could hit it with a $16 ticket, that's $1.6 million in handle. If every one of those players plays a $144 ticket because it's more challenging and they need to spread more, then they handle (and take 20% of) over $12 million. And when you consider it will likely be the largest pool of the year that doesn't involve a triple crown race, and a secondary track like GP in the summer only gets one shot at it, they certainly want to make it as tough as possible to build that day's pool.

While recognizing that tracks can often have an incentive to make a pic-6 sequence difficult to encourage carryovers (which importantly is NOT the case here given the mandatory payout), I am not of the belief that making a pic-6 as hard as possible is a way to increase handle on the wager. To the contrary, for a player with a limited bankroll, if the sequence is too difficult, to the point that where he or she concludes that a typical play offers no realistic chance to hit the bet, then they player simply opts out of the wager. That is why the $.50 pic 4s and 5s have become far more popular with the average player than the $2.00 pic-6. That said, the $.20 increment on this wager does give the small player the opportunity for more coverage, so opting out is less likely (but it does not mean he or she bets more).

Joey.. If Monday no one has 6 of 6 (Unlikely) they will pay 5 of 6 right?

That is the definition of a mandatory payout, yes. If only 4 of 6 hit, they'd pay that, too.

Rainbow Six pool could be a record
By Mike Welsch

HALLANDALE BEACH, Fla. - For several hours late Monday afternoon, the eyes of the racing world will be fixed upon Gulfstream Park, where a pool estimated to exceed $15 million will be distributed in the Rainbow Six.

The Rainbow Six is an offshoot of the more traditional pick six wager. But unlike the pick six, which distributes the daily jackpot to every player who selects all six winners in the sequence, the entire Rainbow Six jackpot is paid out only if there is a single ticket with the winning combination. The minimum bet is 20 cents and the takeout is less than 20 percent.

Going into this weekend, the Rainbow Six jackpot had not been hit since Jan. 10, surviving 73 consecutive programs through last Sunday, with the jackpot growing to $6,303,426. If the jackpot is not hit on Saturday or Sunday, it will be paid out on Monday.

Track management is estimating another $10-12 million could be bet on the Rainbow Six by the time the final wager is placed prior to Monday’s fifth race.

The highest pick six pool ever recorded in the U.S. was the $10,870,852 distributed at Hollywood Park on July 2, 2007, with each winning ticket worth $576,064.

The previous record Rainbow Six pool was $5.1 million, distributed on closing day of the 2011 meet. A total of $3.5 million was added to the $1.6 million carryover that afternoon. The winning combination returned $3,279. The Rainbow Six was a 10-cent wager at the time. It was upped to a minimum 20-cent bet this year. The highest single payout in the Rainbow Six was $3,591,245 on Feb. 22, 2013.

The Rainbow Six has been hit just three times during the 2013-14 championship meet, which started on Dec. 1. All three of those jackpots paid out, oddly enough, within a one-0week period from Jan. 3 through Jan. 10.

And this is why I'd like to see NYRA dump the traditional Pick-Six in favor of this 20-cent version and perhaps also do a 20-cent Jackpot Pick 5 (like Pimlico did this meet as a 10-cent wager) and also do 20-cent Pick 3s and Pick 4s and trifectas like Woodbine does. The 20-cent minimum satisfies the needs of Canadian bettors and I think can bring in more lottery-type players, more than a few of which I suspect we'll see Monday at Gulfstream.

I'd also look at add a 10 or 20-cent pick-nine wager if I were at NYRA (on all nine races or the last nine when more than nine are carded) that also I think would be popular with small and big bettors alike.

.20 Cent Pick 4's so they will pay 7.65 instead of 76.50 .

just as I thought; all full fields, and mostly Turf

5th MAIDEN SPECIAL WEIGHT ( 1 1/16T )
6th MAIDEN SPECIAL WEIGHT ( 6.5f )
7th ALLOWANCE OPTIONAL CLAIMING ( 1 1/16T )
8th CLAIMING $6,250 ( 6f )
9th ALLOWANCE OPTIONAL CLAIMING ( 1 1/16T )
10th MAIDEN CLAIMING $12,500 ( 1 1/16T )

field sizes before scratches,etc: 13,11,13,11,16,15