Displaying items by tag: mandatory payout - AmWager

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From Woodbine Entertainment

TORONTO, March 6 – Woodbine Entertainment Group (WEG) today announced a mandatory payout date of Saturday, March 11 for the current Standardbred Jackpot Hi-5.
 
The Standardbred Jackpot Hi-5 was suspended on Saturday, March 4th but will be offered again on the last race of the card Saturday, March 11th. There will be a mandatory payout of $578,231.58 with the potential of over $2M bet into it!*
 
The current Jackpot Hi-5 carryover has been growing since January 7, which was the first card to offer Hi-5 wagering following a mandatory payout on December 23.
 
*The most recent mandatory payout (December 23) had more than $2 million of new money wagered into the pool, which featured a carryover of $548,396, to create a total pool of $2.6 million.
 
A winning $0.20 ticket on the December 23 Jackpot Hi-5 returned $4,842.70.
 
The December 23 mandatory payout was not the first time the total pool exceeded $2 million.
 
A mandatory payout on October 24, 2015 at Woodbine generated a total pool of more than $2.2 million, with $1.6 million of new money wagered into the Hi-5 that evening. The $0.20 payout was $12,746.60
 
On August 30, 2014 at Mohawk, the Jackpot Hi-5 total pool was $2.5 million, while a mandatory payout on May 17, 2014 at Woodbine had a total pool of $2 million.
 
The Jackpot Hi-5 requires horseplayers to select the top-five finishers in order and features a $0.20 minimum wager with a 15 per cent takeout.
 
More details regarding the mandatory payout on March 11 will be distributed this week. Post time Saturday is 7:30 p.m.
 
Published in Harness Racing News