50 Cents Pick-5 Pays $525,000 at Gulfstream Park

A bettor who put down 50 cents on an early Pick 5 Saturday at Gulfstream Park in Florida won nearly $525,000 after three of the five winners were severe longshots. Fans weren’t in attendance Saturday at Gulfstream Park in Florida, but one remote bettor was made a very wealthy […]

Saturday’s massive win was the fifth-highest Pick 5 win in North America history. That’s according to Ed DeRosa of brisnet.com, a horseracing information network owned by Churchill Downs in Kentucky.

The record Pick 5 payoff was for $889,726.15 when someone hit the jackpot on August 9, 2013, at Louisiana Downs,” DeRosa said. “The record non-jackpot Pick 5 payoff was $620,827.87 on 2018 @kentuckyderby day. Four people hit that.”

A pick five wager requires selecting the winners of five consecutive races to hit the jackpot.

“Winnings on Pick Five bets are determined by the parimutuel system where all the winning tickets share the pool of money collected (less the money the track takes as commission),” Bet America explains.

As for Saturday’s fortunate customer, his $524,966.20 win on a $0.50 wager equates to traditional sports betting odds of 1,050,000/1.