You might be thinking that winning large sums of money from betting on horses is impossible. After all, you’re only betting a few dollars on each race. What you might not know is that horse racing has its own type of jackpot that could possibly make you an instant millionaire. What is jackpot in horse racing? It’s a massive win in the Pick 6 horse racing bet.
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Horse Racing’s Jackpot
For several years now horse race tracks in America and the rest of the world have been offering a bet called the Pick 6. This wager requires the bettor to pick the winners of six races in a row. It is no small feat to accomplish. That is why the payout for the bet can be astronomical. It is common for Pick 6 bets to pay six figures or more.
Why would horse racing introduce such a difficult bet? The answer is that race tracks are trying to appeal to the gambler, the lottery player, and the progressive slot machine junkies. They are trying to lure new types of horse players to the race track by providing a bet that could pay out a life-changing sum of money. So far, the strategy is working.
Pick 6 wagers have become some of the most popular to ever be offered in racing. They are available at all major tracks in the US, and they can also be found in Australia and the UK. If someone asks you what is jackpot in horse racing, you can tell them that it is winning a Pick 6.
How the Pick 6 Jackpot Builds
The structure of the Pick 6 is such that a portion of the money bet in the pool is carried over when no one wins the horse racing jackpot. This happens each racing day until someone wins, just like a progressive slot machine does in a casino. When the win finally happens the payout can be of jackpot proportions.
To win the Pick 6 all six winners of six races must be chosen correctly. If even one selection is wrong the bet loses. On many days it is common for a horse player to get three or four right. Sometimes there are bettors that can get five correct. If no one hits the six correctly, picking five will sometimes award a consolation prize.
At the end of each racing day the race track takes its share out of the Pick 6 wagering pool. It then rolls over the remaining money in the pool to the next betting day. This means that the pool gets higher every day that someone does not win it.
Best Strategies for Winning the Jackpot in Horse Racing
There are several profitable ways that one can play the Pick 6 wager at the race track. One of the most effective is to join a syndicate and pool your betting money with that of other bettors. Syndicates in horse racing work just like syndicates in PowerBall or Mega Millions lottery games. By putting all of their money together a team of people can have a better chance to take down the pool because they have more tickets in play.
The best way to involve yourself in a horse racing jackpot syndicate is to ask around. You can see if your horse racing friends know someone who runs a betting pool. Maybe there is someone that you have met at the online horse betting sites that you can turn to. Just be sure that you are comfortable with the people you join. The last thing you want to happen is for someone to run off with your money.
Another good strategy for trying to hit a horse racing jackpot is waiting until the pool gets very high before you by your tickets. You can sit back and let the pool build until it approaches six figures. In this way you will minimize the investment that you need to make in order to play the Pick 6. This is the same thing people do who want to hit a slot machine progressive jackpot.
What is Jackpot in Horse Racing Online?
If you are one of those who likes to make your bets with an online racebook, you will find that the Pick 6 wager is a part of the betting menu. All online racebooks will offer this wager if it is found at the track you want to bet. You will get the same chance to win the progressive jackpot as you would if you were betting at the track.
Betting the Pick 6 at an online racebook has some advantages. You will not have to worry about getting closed out at the betting windows. You always have the first spot in line when you bet with your computer, phone, or tablet.
Many online racebooks will even give you a nice welcome bonus when you sign up for an account. All you need to do is make a real money deposit and the bonus money will be added to your account. At some online racebooks you can even bet with Bitcoin.