Saturday May 31 Churchill Downs ROI Wagers go here

[JolyB]

Originally Posted by NJ Stinks

I will add I was surprised they did not pay anything for 5 of 6....

It's very dangerous to generalize since every jurisdiction's pick 6 rules are slightly different. However, most of the so called "traditional" pick 6 wagers (such as NYRA's) will also have a conso payout for 5 out of 6. Most of these also have a larger base bet ($1 or $2) to create a larger pool. If no one hits 6, a specified portion of the new money gets paid out to those with 5 of 6 and the rest is a carryover.

The other general variety of pick 6 is what I'll call the "jackpot" pick 6, in which a portion of the pool carries over unless only one ticket hits the pick 6, which entitles the holder to the entire pool. If more than one player hits all 6, each will receive a payout that is a portion of the new money wagered on that day. The goal of this variety is to have the carryover jackpot continue to grow until it finally gets hit, resulting in a life-changing payout. These varieties usually have a much lower base bet (i.e. the $0.20 bet at Churchill). These also become very attractive on mandatory payout days, when syndicates get formed to try to chase the jackpot. For the most part, these wagers do not have a conso payout since the goal is to grow the carryover pool as quickly as possible.