03/22/2016 2:30PM

Single 6 pool could be seeded by Derby Day carryover

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Under a plan approved Tuesday by Kentucky’s racing commission, Churchill Downs in Louisville, Ky., will split its pick six carryover pool this year at its spring meeting if the bet is not hit on Kentucky Derby Day, when the pool typically attracts more than $1 million in bets.

Should the pick six carry over on May 7, the date of this year’s Kentucky Derby, Churchill would place half the carryover pool in a pick six for the following racing day, Thursday, May 12, that would have a 20-cent minimum, a 15 percent takeout, and a mandatory payout at the end of that card. The other half would be used to seed the Friday pool for the Single 6, a 20-cent minimum pick six modeled on the jackpot-style Rainbow 6.

At Gulfstream Park in Florida, the Rainbow 6, which only pays out the entire pool if there is a single winning ticket, has proven to be extremely popular among a subset of gamblers, and the bet’s frequent carryovers have generated simple ways to market the track’s product. Typically, the Rainbow 6 and bets modeled after it have a mandatory payout date, usually at the end of the meet.

Churchill plans to offer a traditional pick six with a $2 minimum and 22 percent takeout for each of its first five live racing dates, May 3-May 7, according to Mike Ziegler, Churchill’s executive vice president of racing. If the pick six is hit on Derby Day, the Single 6 will be offered for the first time May 12. The Single 6 will then be offered every day throughout the rest of the spring meet, with a 20-cent minimum and 15 percent takeout each day.

Churchill received approval for the split of the pool Tuesday after the Kentucky Horse Racing Commission asked one of its members, Frank Jones Jr., to review the proposal. Jones, a horse owner, is a seasoned horseplayer, and he said he endorsed the plan.

john g More than 1 year ago
Derby eve, Oaks Day, use to be the big day at the track for the locals, but lately due to the crowds getting so large Oaks Day the locals go the Thursday before, and some even earlier in the week. Churchill has good racing all week leading up to the Derby. If only the greedy big wigs would lower the take out rates. And, a $2 pick 6 is too expensive, only the wales and dolphins play such big bets, not the average bettor. A 50 cent pick 6 would draw more money.So, I'll just stick with the pick 4's at 50 cents
Steve Zabak More than 1 year ago
As Churchill continues to be one of the worst tracks in the country to wager on.......has basically a 1-day meet (Derby Day) and insignificant the rest of the way. Bettors have become aware of this and have stayed away in droves
Anthony Mario More than 1 year ago
Horrible for the gambler that seeded the derby, carry overs should only be used to seed the next available pool and never divided
Michael Infurna More than 1 year ago
22% takeout?? Savages!!