Magna 5 pays only $1,130

ARCADIA, Calif. - The Magna 5 paid a record low of $1,130.40 for a $2 bet to 345 ticketholders Saturday.

Three of the five winners were favored, and the other two were second choices. The previous low payoff was $4,657.60 to 103 ticketholders on March 6.

The bet returned a record payoff of $205,703 on Feb. 28. The wager require bettors to select the winners of five races run throughout the country.

Saturday's winners were Wild Wildcat ($3.80) in the first leg at Pimlico, Memo to Russ ($9.20) in the second leg at Santa Anita, Commission ($6.20) in the third leg at Gulfstream Park, Summer Lass ($9.20) in the fourth leg at Bay Meadows, and Stage Player ($6.20) in the final leg at Santa Anita.

Wild Wildcat, Commission, and Stage Player were favored.

The Magna 5 handled $457,698, the lowest since the weekly bet was launched Jan. 31. The previous low was $460,400 on Jan. 31. On April 3, the Magna 5 handled a record $621,821.

Magna, the parent company of the four tracks involved, guaranteed a pool of $500,000. An insurance policy made up the difference.

The bet will be offered for the final time this spring on Saturday.