How does a Pick 6 payout work?

How does a Pick 6 payout work?

A pick 6 is a type of wager offered by horse racing tracks. It requires bettors to select the winners of six consecutive races. The pick 6 wager actually has two payoffs, one for bettors who pick all six winners, and a smaller payoff for those who pick five out of six.

What are the odds of hitting a Pick 6?

Match Prize Odds (per $1 play) ---------- ------- ------------------ 6 out of 6 Jackpot 1 : 13,983,816 5 out of 6 Second 1 : 54,201 4 out of 6 Third 1 : 1,032 3 out of 6 Fourth 1 : 57

How does a Pick 6 carryover work?

Carryovers: What are Carryovers? A carryover occurs when there is no winner in the original day's race or races. At the end of a designated wager type - maybe a Pick 4, Pick 5 or Pick 6. All bets in the original pool are carried over (creating a "carryover") to the next designated race.

How much is a pick six in horse racing?

Pick 6 Betting Costs At most racetracks, bettors can place a single Pick 6 bet for as little as $2. A single wager allows bettors to make one prediction for each of the six races, which means they need to be perfect to win the bet.

How is Pick 6 calculated?

The total pick 6 betting pool is divided by percentage between the two payouts, along the lines of 75% for the six-winner pool and 25% for the five-winner pool.

How does the Rainbow Pick 6 work?

(1) The Rainbow 6 requires selection of the first place finisher in each of six races. The entire net Rainbow 6 pool and carryover, if any, shall be distributed to the holder of a unique wager selecting the first place finisher in each of the selected six races.

Why is a Pick 6 called a pick 6?

The term comes from “picking” the ball out of the air, stealing it from the quarterback. The term 6 is how many points are awarded to the defense once the player who intercepted it scores. Touchdowns are worth 6 points and can be scored on interceptions.12 Jan 2022

What is Pick 6 mean?

Definition of pick-six 1 : a system of betting (as on horse races) in which the bettor must pick the winners of six consecutive races …