Unlock Huge Payouts with Pick 6 Horse Racing Bets

Of all the Horse Racing Bets, Pick 6’s are, hands down, one of the most exciting and potentially rewarding wagers you’ll find at the tracks. Here’s how they work: you need to pick the winner of six consecutive races, and if you get all six right, you get that lifechanging payout.

However, if even one of your horses lose, the bet is also off. It’s the ultimate high-risk, high-reward bet that creates track legends.

Let’s imagine you’re placing a Pick 6 bet on a series of races. Below is the racing card for each race:

Race Card for Race 1:

Race Card for Race 2:

Race Card for Race 3:

Race Card for Race 4:

Race Card for Race 5:

Race Card for Race 6:

If all these horses win their respective races, you hit the Pick 6, and the payout can be quite big. Keep in mind though that you don’t get individual payouts for each race in a Pick 6. Instead, the payout is based on hitting all six winners as a combination.

The prize pool is distributed to those who picked all six winners, and in some cases, smaller consolation payouts are given to bettors who got 5 out of 6 correct (even though if that happens to anyone, we hope they put in a Pick 5 Bet as well).

The total payout comes from the cumulative pool for the bet, so it’s a one-time payout based on all the correct picks, not individual payouts for each race.

Obviously, all of this math is done by the sportsbook but for clarity’s sake we’ll consider the entire pool size, the amount bet on the winning combination, and the payout scenario based on the pari-mutuel system to calculate your returns:

Winning Returns for This Bet:

The return for winning the Pick 6 bet with the given conditions would be $42,500.
This means that whoever places the $2 bet on the winning combination would get the whole $42,500 pool (after the track’s takeout). If there are more than a single winner, the pool gets split between how many winning tickets are there.

A Rainbow Pick 6 is like a regular Pick 6, but with a twist: it’s specifically designed to pay out huge jackpots. In a Rainbow Pick 6 horse racing bet, you still have to pick the winners of six races, but here’s the catch: to win the full jackpot, you need to be the only person with all six winners. If multiple people hit it, only part of the pool is paid out, and the rest rolls over (making the jackpot huge).

Theres also another good thing going for rainbows pick 6: the minimum bet is usually pretty small, like 20 cents, so it’s affordable but still has the potential for a big payout if you’re lucky enough to be the sole winner (which goes perfectly in line with our Tips for making Pick Bets)

As always, it’s easier to see how the payout builds up for Rainbow pick 6 bets with a practical example. Let’s use the one above to simulate a rainbow pick 6 horse racing bet instead of a regular pick 6:

If nobody wins the Rainbow Pick 6 horse racing bet, the carryover amount from the pool rolls over to the next day’s races. The exact carryover amount depends on the specific racetrack and the size of the pool that day. Typically, a percentage of the betting pool (after taxes and fees) gets carried over, and this can accumulate over multiple race days.

The biggest Rainbow Pick 6 payout ever recorded was a staggering $6.6 million, which happened at Gulfstream Park in Florida. The guy hit the jackpot on May 25, 2014, after the pool had been building up for months due to multiple carryovers, which only shows how massive the Rainbow Pick 6 horse racing bets can get when nobody hits it for a while!

Oh yeah, and they’re pretty big. Since Pick 6 are hard to win, many online sportsbooks offer carryover trackers for bets like the Pick 6. These trackers let you see how much money has rolled over and can help you spot when the prize pool is getting huge. It’s a useful tool if you’re looking to jump in when there’s a big jackpot on the line!

There usually are but it all depends on the sportsbook’s rules for them. Most of the time with Pick 6 horse racing bets, you can still walk away with something even if you don’t nail all six winners. Most tracks offer consolation prizes if you pick, say, 5 out of 6 winners.

The payout will never be as big as the full jackpot, but it’s still a nice chunk of change. Some sportsbooks even give smaller prizes for 4 out of 6 but it all depends on the track’s specific rules. Be as it may, these smaller payouts help cushion the blow if you just miss the big one!

Pick 6 will-pays show how much each possible winning combination will pay before the final race happens. These will always give you an exact figure (unlike pools which are very accurate but never mathematically exact at every second since bettors and $ being wagered vary super-fast).

Basically, if you’ve made it through the first five races, you can check the will-pays to see what your potential payout could be depending on who wins the last race. Every sportsbook shows them so to find them: just open the race, go to your sportsbooks “Pools” tab, and look for a “Will Pays” option.

What Is a Pick 6 in Horse Racing?

A Pick 6 is a bet where you have to choose the winners of six consecutive races. It’s one of the most challenging and rewarding bets, as hitting all six races can lead to big payouts. Some tracks also offer consolation prizes if you get 5 out of 6 right.

What Is the Usual Minimum Bet for A Pick 6 Horse Racing Bet?

The usual minimum bet for a standard Pick 6 is typically $2, but this can vary depending on the track. Some tracks may offer lower minimums to make the bet more accessible.

What’s A Rainbow Pick 6 Bet?

A Rainbow Pick 6 is a twist on the regular Pick 6, where the full jackpot is only paid out if there’s a single winning ticket. If multiple people hit, part of the pool is paid out, and the rest rolls over, creating huge jackpots.

What Is the Typical Minimum Bet for A Rainbow Pick 6?

The typical minimum bet for a Rainbow Pick 6 is usually just 20 cents, which makes it more affordable than a regular Pick 6, while still offering the chance for huge payouts.

Can I Pick More Than One Horse in Each Leg?

Yes, you can pick more than one horse in each leg of a Pick 6 bet, which increases your chances of winning. However, keep in mind that every additional horse raises the cost of your bet. For example, if you pick two horses in one race, that’s two combinations, and if you pick two in another race, that’s four combinations, and so on.

What If Several People Win A Rainbow Pick 6 Horse Racing Bet?

If this happens, the jackpot doesn’t get fully paid out. Instead, the pool is split. A portion of the prize pool is paid to all the winners, while the rest carries over to the next day’s races, building the jackpot even more. So, even if you win with others, you’ll still get a payout, but the big rollover continues for future races.

What If Nobody Wins a Pick 6 On A Race Day?

The prize pool usually carries over to the next racing day. So, the money just rolls over and builds up, which can make for a huge jackpot when someone eventually wins. Sometimes, this can lead to massive payouts when there’s a big carryover. Not to mention, there are also consolation prizes for pick 6 horse racing bets!