Melbourne Cup Calcutta is back at the Warragul Country Club on Sunday 30th October 2022. The draw will commence at 3pm with the auction to follow. Tickets are $5 each and can be purchased from any till in the venue. Finger food will be provided to ticket holders during the Calcutta.
Rules & How It Works:
Raffle tickets are $5 each and are sold leading up to Sunday 30th October 2022. The ticket sales create a pool of money called the starting pool.
On the Calcutta afternoon a ticket is drawn against each horse in the Melbourne Cup field in saddle cloth order e.g 1-24. The person who owns the ticket becomes the owner of that horse. That horse is then auctioned and sold to the highest bidder as are all 24 Melbourne cup horses.
At this point, the order of the auction process will be at the discretion of the club and will be finalised on Sunday. Anyone can bid on any horse during the auction.
If the original owner of the horse would like to buy their horse at auction, they must have the highest bid. However, the original owner only has to pay half the amount that they have successfully bid. This amount is then added to the “starting pool”.
If the successful bidder is not the original owner of the horse, they must pay the full amount of the bid. 50% of that price is added to the “starting pool”, and the other 50% goes to original owner of that horse. The successful bidder is now the new owner of that horse.
Buy your own raffle tickets or form a syndicate to enhance your chances of drawing a horse!
The prize money is divided up as follows:
1st Place = 60%
2nd Place = 20%
3rd Place = 15%
Last Place past the post = 5%
Calcutta tickets are on sale now and are available from any till in the venue.
Please note that there is NO money back for late scratching’s!
