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Rotary Club Melbourne Cup Calcutta Auction
November 6, 2017 @ 6:00 pm - 9:00 pm
2017 Rotary Club Melbourne Cup Calcutta Auction
***HOW A CALCUTTA WORKS***
The Calcutta is held at 6pm on the Monday Evening before the Melbourne Cup. Calcutta tickets are pre-sold in the week leading up to Calcutta night as well as being sold on the night.
**Anyone can buy a ticket.
Tickets can be purchased at reception or the bar.
On Calcutta night, all the tickets purchased are put in a barrel and and the Melbourne Cup horse names in another barrel. They then draw a name from each barrel. If your name is drawn out you become the temporary owner of the horse that is drawn with it.
**All horses are then up for auction.
You as the temporary owner of the horse you drew gets half
of what is bid for the horse e.g. if someone bids $1000 you receive $500.
**Anyone can bid and buy a horse at the auction.
The other half of the money goes into the Melbourne Cup Winners prize pool with the money from the tickets sold. Of course you can bid for your own horse knowing you are only paying half the auction price!
This is a great way to buy a horse in the Melbourne Cup!
If your horse runs 1st, 2nd or 3rd in the Melbourne Cup race, and you purchased that horse at auction you get the corresponding share of the Prize pool which could add up to thousands of dollars.
Anyone can Win. All welcome.
All proceeds to Rotary Milton Ulladulla