On Friday, October 4, the Woodbine Entertainment Group announced the addition of an exciting new wager to its daily betting menu.
The Jackpot Hi 5 will require horseplayers to select the first five finishers in exact order on the last race of the program. The Jackpot proviso means that the entire pool pays out only when there is one winning ticket sold that correctly selects the first five finishers in exact order.
The new wager, which will offer a 20-cent minimum, will make its debut during the Wednesday, October 9 thoroughbred card of racing at Woodbine. It will make its standardbred racing debut on Thursday, October 17, the first card of the Woodbine Fall-Winter-Spring Meet.
The Jackpot Hi 5 will also have a takeout of 15 per cent, a continent-equalling low.
“The excitement generated by a jackpot at the races is obvious,” said Greg Martin, WEG’s director of Wagering Operations. “Most horseplayers will be enthused by the chance to hit a big payout on this wager affordably, which we have offered at a minimum 20 cents and a favourable 15 per cent takeout.”
If there is not just one winning ticket, half of the wagering pool will be carried over and offered on the next racing card. The other half will be paid out in consolation payouts to those Jackpot Hi 5 tickets which have the correct order of finish. If there are no winners of the wager, the entire pool, minus takeout, carries over.
To promote the new wager, the first single winner of the Jackpot Hi 5 is guaranteed a minimum $10,000 payout.
For fans and horseplayers wanting further details on WEG’s Jackpot Hi 5, a dedicated webpage featuring details, strategy and carryover info has been set up here.
(WEG)