Betting on the Rise at Gulfstream Park

Betting on the Rise at Gulfstream Park

Betting on the Rise at Gulfstream Park

Experience heart-pounding action from the Grandstand or be pampered like royalty while enjoying the “Sport of Kings” from a private luxury suite. Ideal for a corporate outing or an afternoon with family and friends, Gulfstream Park is sure to provide a racing experience unlike any other.

Average Daily Handle Swells from $5.1 Million to $6.8 Million
Second Phase of Purse Incentives Kicks In After Record Championship Season
Minimum Payment from Fifth to Last Worth $750-$500

Gulfstream Park announced today it would begin its second phase of purse incentives Saturday, May 12 as its Spring/Summer Meet achieves record growth.

Gulfstream’s average handle through the first month of the meet is $6.896 million, up 35 percent from last year when the average daily handle was $5.109 million.

Despite racing four fewer days through Wednesday, total handle is $110 million, up $8 million over last spring.

Gulfstream started the meet with an increase in purses from 10 percent over last year. Beginning Saturday, the second phase of Gulfstream’s purse incentives will kick in.

The minimum payment for horses finishing fifth to last in allowance races, starter races of $35,000 or more, maiden special weight races and claimer and maiden claiming races of $25,000 or more will be $750. Minimum from fifth to last for any categories before the $25,000 threshold will be $500.

“In a very short time our spring and summer racing season has become one of the country’s most popular meets with horsemen, and our handle clearly reflects it’s a favorite as well with bettors,” said Gulfstream General Manager Bill Badgett. “So many horsemen from around the country have embraced our vision of a year-round Thoroughbred program in Florida, and with breeders, owners and the FHBPA putting so much into Florida racing, we felt this program would create more opportunities for horsemen and an increase in field size for bettors.”

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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