Did you know that you can place a $0.20 bet and win big at the track? Yes, that’s right. For a quarter of a dollar, you can place your bet at one track and win more money than you can imagine. It’s available through a horse racing betting carryover pool. So read on.
Most racetracks offer many types of wagers, making it tricky for bettors to pick the winners of six consecutive races. Due to the intricacy of successfully choosing the winners of six races, it’s relatively common for there to be no winning bet. When that happens, a portion or all the betting pool is carried over to the next race, and that cycle continues until someone wins the pool.
What Is A Carryover?
When there’s no winner on a particular horse race bet like pick 4, pick 5, and pick 6, the bet is carried over to the next race. Accordingly, all bets placed in the carryover pools will be transferred to the next race. This course of action will continue every race until there’s a unique winner with all first-place finishers of the six races. What’s more, the amount of money can grow into millions of dollars if uncollected.
Popular Bet Types
Carryover bets have various betting types that wagerers prefer.
- Pentafecta. To win this jackpot, bettors must accurately pick the top five finishers in the correct order. The Pentafecta became more well-known with standard/harness-bred horse racing. Here’s a trivia. In May 2014, the jackpot almost reached $1,000,000 at Woodbine Mohawk.
- Pick 5/6. In this wager, bettors only need the winning ticket with the exact combination of five or six winners to get hold of the jackpot.
- Pick 4/5/6. Bettors must correctly predict the winners of five races. If there’s no unique ticket holder, the betting pool is carried over to the next race.
Different Types of Carryovers
The following are the three types of carryovers.
- Jackpot Carryover. Only one winning ticket holder will bag the total jackpot pool. This type of carryover wager is usually offered on pick 6, pick 5, and Pentafecta wagers. If there is more than one winning ticket, the racetrack allocates a portion of the pool over to the next race. Also, the rest of the pool is disbursed to all winning tickets. In general, 30% of the pool is added to the jackpot carryover, and 70% is given to winning tickets.
- Rolling Carryover. This type of carryover bet is usually available in several races on the same day, for example, a Pentafecta. If there are no winners, the jackpot pool will carry over to the next race and continue to do so until there’s a winner.
- Traditional Carryover. If there’s no unique winning ticket, the jackpot pool will carry over to the next race. Additionally, if the same bet as the carryover is offered in the two races on the next day, the carryover will be offered to the last race. For example, a Pick 6 is offered in race one and race 5, and the pick 6-carryover will be in race 5. Another thing, racetracks can decide to do consolation payouts, as well. Consolation payouts are usually given for tickets with 3 out of 4 correct predictions on a pick 4, 4 out of 5 correct predictions on a pick 5, and so on.
Other Things To Know
One of the apparent advantages of horse betting carryovers is that it carries minimal risk. Bettors can win large amounts of money with wagers as small as a quarter of a dollar, meaning it offers a large payout but carries a low risk. That’s why it is not hard to join in this type of betting because you can still enjoy your normal betting activities. But, at the same time, you can place some extra money on the carryover bet. Hence, you have a win-win situation.
Horse betting carryover offers wagerers a chance to win big and earn an instant return on their investment, such as tvg horse racing carryovers. To decide whether you should bet on the carryover pool, make sure to study the process extensively and do your research.
Takeaway
Horse race betting is an exciting and thrilling experience. It’s a fun way to spend some extra money. But it would be best if you were very careful about your spending. Even though horse race betting is a fantastic recreation, it is still gambling. And take note that any gambling can be risky if not dealt with responsibly. As such, the next time you place your bet on a horse race, don’t just place a bet on the usual betting types you prefer.
Instead, try taking on a little risk and place a wager on the carryover bet.
I made a standout first four bet on Horsham race 3 on the 11/12/2023 and all my horses came through in line 2,1,3,7.
Why am I not paid on counter?