03/06/2004 12:00AM

Dead heat part of Magna 5

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The $2 Magna Pick 5 returned a record low $4,657.60 on Saturday, but the pick five bet was easier than in previous weeks because of a dead heat at Gulfstream Park that included a strong favorite.

The previous low was $5,323.20 on Feb. 7. The bet returned a record high of $205,703 to two ticket-holders Feb. 28.

The Magna Pick 5 requires players to pick the winners of five races at tracks owned by Magna Entertainment. The bet is decided in slightly more than an hour.

In Saturday's second leg, the 10th race at Gulfstream Park, Megantic ($5.40) and Mutamayyaz ($3) finished in a dead heat.

Leavn Ona Jetplan ($7.40) had earlier been the winner in the first leg, the ninth race from Laurel.

Following the dead heat, the winners were Early Cotton ($21.20) in the third leg, the fifth race from Golden Gate Fields; Macward ($7.40) in the fourth leg, the sixth race from Santa Anita; and Lion Tamer ($5.20) in the final leg, the 11th race from Gulfstream Park.

Mutamayyaz, Macward, and Lion Tamer were favored.

Saturday's handle of $615,046 on the wager was the highest in the six-week history of the bet and easily surpassed the $500,000 guaranteed by Magna.