The $1.00 Jai-5 wager at Magic City Jai-Alai pelota games could pay over $12,500 at the Monday matinee today should a single winner hit all 5-winners correctly! Currently, the jackpot carryover for the Jai-5 stands at $9,690.80 and if Monday’s bettors pour in another $3,553 like they did on Sunday’s Jai-5, the wager could pay the 2nd highest price ever in Magic City history. There were (6) winning tickets at Sunday’s pelota games that paid a consolation payoff of $236.80 each for having 4 of 5 winners correctly picked.
Sunday marked the 15th consecutive performance where no bettor successfully won the ONLY winning ticket with 5 of 5 winners. There were no live tickets 4 of 4 going into the game 7 wager finale on Sunday for the Jai-5 wager which is games 3-7. The previous record number of performances without a winner was 16-consecutive performances back in 2021 from 2/28 – 4/4. The record Jai-5 paid $27,348 to one lucky winner the following day on 4/5/2021.
The 2nd largest Jai-5 payoff in Magic City history was $12,220 on 11/13/2019 and today’s Jai-5 looks like it could break that record if someone scores the big win today. The 3rd largest Jai-5 payoff was $11,746.40 on 8/17/2021. SayHiLi.com website shows a complete listing of all the BIG PAYOFFS during the history of Magic City Jai-Alai for both the Jai-5 and the Mighty Ocho Jackpot wagers.
The Jai-5 wager is a “low takeout” wager with 20% of the total amount wagered for the performance going to the house for expenses and state fees, 40% going to consolation payoffs and the other 40% getting added to the Jackpot carryover. Typical takeout rates for most Jai-Alai pari-mutuel wagers are 25% (excluding win/place/show bets which are lower yet), however Magic City offers the low takeout rate of 20% for Daily Doubles, Pick 3’s, plus the Jai-5 and Mighty Ocho (the$1.00 Pick 8 Jackpot wager). When a bettor holds the ONLY winning ticket 5 of 5, they get the carryover jackpot plus 80% of what was wagered on the Jai-5 for that performance.
Stay tuned for more on this rapidly growing Jai-5 Jackpot! Only at Magic City Casino and Jai-Alai in Miami, Florida!!
Steve M.
