Gulfstream Park to change Pick 5 consolation payouts

Gulfstream Park announced today it will make changes to its betting menu involving the Early and Late Pick 5 beginning Wednesday, Jan. 1. While both pick fives will remain a .50c base wager with a 15% takeout each will change consolation payouts. 

The Early Pick 5 will no longer offer a consolation payoff when there are correct five of five tickets. The Early Pick 5 will remain a mandatory daily payout of 100 percent of the pool to the greatest number of winners with no carryover provision.

For those wagering on the Late Pick 5, there will no longer be a consolation payout under any circumstances. If no one selects all five winners in the Late Pick 5, 100 percent of the pool will carryover to the following day.

The Tropical Turf Pick 3, will continue to be available Friday through Sunday with a $3 base minimum and a player-friendly 15-percent takeout.  The wager has proven popular with players especially during the 23-24 Championship Meet where it averaged payouts of approximately $1,200 and garnered an average pool size of $70,000.

Gulfstream is also using projected odds each day on its simulcast signal throughout each race and wagering cycle. Using BETMIX handicapping software, the projected final odds will offer players a better sense of the final odds.