The very popular Melbourne Cup Calcutta is back again for 2018.
Calcutta Rules – Melbourne Cup 2018
Ticket Sales: $10 per ticket or 3 for $20
Rules:
- This is a cash-only event.
- Entrants purchase tickets for the chance of being allocated a horse.
- A draw will be made to allocate horses to ticket buyers until all horses are exhausted. Horses will be drawn in saddlecloth order.
- If successful in drawing a horse, you MUST place this horse up for auction.
- You will receive 50% of the highest bid for your horse and the highest bidder becomes the new “owner”. The other 50% remains in the prize pool.
- You may bid for your own horse. If successful, 50% of the amount paid will enter the prize pool while the other 50% is returned to you.
- Horses will be auctioned in reverse market order – i.e. roughies first, favourites last.
- Successful bidders at auction gain “ownership” of the horse and are entitled to a share of the prize pool.
- Scratchings which occur after the Calcutta will result in:
o Owner of the scratched horse to be refunded 50% of the purchase price.
o Deductions to be made to all prizes reflecting this refund.
Prize Pool made up of:
- 100% of proceeds from initial ticket sales.
- 50% of all auction bids.
Prizes:
- 1st – 60% of prize pool.
- 2nd – 25% of prize pool.
- 3rd – 15% of prize pool.
Prizes can be claimed from Mont Albert Cricket Club