Base Wager Boosted to 20 Cents; Payout Percentage Boosted
HALLANDALE BEACH, FL – The Rainbow 6 – which has produced several life-changing payoffs the past three seasons at Gulfstream Park – is expected to generate twice the excitement during the upcoming Champions Meet with a base-wager increase from 10 cents to 20 cents.
Beginning on Saturday, Nov. 30, the innovative multi-race wager that covers the last six races on a program will undergo a couple of changes that promise to increase jackpots as well as boost payoffs on days when the Rainbow 6 goes unsolved.
The increase in the base wager to 20 cents will allow simulcast bettors in Canada, where the minimum bet is 20 cents, to participate in the Rainbow 6 on a daily basis, thereby expanding the market for the popular exotic wager.
In addition to the doubling of the base wager, the percentage returned to winners on days when the jackpot isn’t hit has been increased to 70 percent of the daily Rainbow 6 pool, with 30 percent going into the carryover pool for the next program. In the past, 60 percent of the daily pool was returned to those holding tickets with the most winners on days when there was no jackpot winner.
In order to win the entire pool, a bettor must hold the only unique ticket with all six winners. On days when there are multiple tickets with all six winners or on days when multiple bettors hold tickets with the most winners, 30 percent of the daily Rainbow 6 pool will be carried over to the next program.
The Rainbow 6 has generated pools as high as $5.1 million due to multi-day carryovers.
The 10-cent Rainbow 6 produced a record payoff of $3,591,245.44 on Feb. 22 to a New Jersey simulcast bettor.
On April 1, 2012, a Las Vegas simulcast bettor invested only $2.40 on a Rainbow 6 combination that earned a whopping $791,364.
GULFSTREAM PARK is a Stronach Group company, North America’s leading Thoroughbred racetrack owner/operator. The Stronach Group racetracks include Santa Anita Park, Gulfstream Park & Casino, Golden Gate Fields, Portland Meadows, Laurel Park and Pimlico Race Course, home of the world-famous Preakness. The company owns and operates the Palm Meadows Training Center in Florida, and is one of North America's top race horse breeders through its award-winning Adena Springs operation. The Stronach Group is one of the world's largest suppliers of pari-mutuel wagering systems, technologies and services. Its companies include AmTote, a global leader in wagering technology; XpressBet, an Internet and telephone account wagering service; and Monarch Content Management, which acts as a simulcast purchase and sales agent of horseracing content for numerous North American racetracks and wagering outlets.The Stronach Group is also a major producer of televised horseracing programming through its HRTV cable and satellite network and is North America's premier supplier of virtual online horseracing games, as well as a leading producer of social media content for the horseracing industry. For more information contact David Joseph at [email protected] or call 954.457.6451.