It seems like several folks on here were relatively unfamiliar with the Grand Slam bet...So, I thought it was worth reviewing yesterday's results.
A quick look at the charts will tell you that yesterday was essentially the worst case scenario for the wager.
Leg 1 - The top 3 betting choices all hit the board
Leg 2 - The top 3 betting choices all hit the board
Leg 3 - The top 3 betting choices all hit the board AND the 1 horse was a late scratch which means, as the Double Will Pay favorite, you essentially had four top choices hit the board.
Focus Group paid 4.30/1 on the Win end and 7.40/1 in the Grand Slam
A few takeaways:
You can create some value using the Grand Slam even under the "worst" scenarios.
You rarely want to just "hit" the Grand Slam, this is a bet that you want to have multiple times - Think of the approach that Fantini suggested and apply to your bankroll, but don't try to have it for $1 increment.
Using multiple horses in the payoff leg really dilutes your potential return - at least when you use multiple horses in Leg 1,2,3 you actually have a chance for multiple horses to hit the board and you aren't guaranteeing loss.
I'd suggest watching the results over a few days before jumping to conclusions based on yesterday's results alone.
One final comment, the Grand Slam starts in race 9 on Saturday. This means the payoff leg is the Ballston Spa, not the Travers. Bummer.
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