Melbourne CUP Calcutta

• Members’Bar• Pre-dinnerdrinksfrom6:00pm• Dinnercommencesat6:30pm

• Alacartemenu• Minimuminvestmentof$50perperson,ticketsthereafter$10each

Monday 31 October

Bookings phone 07 3331 8848

ACalcuttaisanEveningwhichgeneratesaPrizeFundtobewonbythewinningsyndicate(Table)whoendupowningthe“eveningrights”tohorses

beingrunintheMelbourneCup.Theprizefundisgeneratedby• Araffleoftherunners

• Anauctionoftherunnersoncetheraffleiscomplete

Youhaveanopportunitytosecureyour“ownership”ofeitheryourownrafflehorse,orbidonhorsestobuythem.Thetotalprizefundissplitacrossthe“owners”ofthehorsesastheyfinishintherunningoftheMelbourneCupon

thefollowingday.

Last year’s winning syndicate paid only $700 for their horse, Prince of Penzance and won over $60,000!

Booknowtoavoiddisappointment!

Melbourne cup Calcutta

Monday 31 October

Bookings phone 07 3331 8848

WHAT IS A CALCUTTA?A Calcutta is an exciting evening which generates a prize pool to be won by the winning syndicate (table) who end up owning the right to a horse in the

Melbourne Cup.

Step OneAllocation of horses is drawn at random, via a raffle, from your

table’s entry tickets purchased before the event (minimum investment of $50 per person, tickets thereafter $10 each).

Step TwoAn auction is then conducted allowing all tables the opportunity to bid on the

ownership of horses, regardless of who won that horse in the initial raffle draw.If the owner of a horse from the initial raffle is outbid during the auction, 50% of

the value of the final bid is awarded to the original owner and the remaining 50% is added to the prize pool.

Step ThreeThe aggregate value of all horses auctioned off on the night is the value of the

prize pool. The breakdown of the payout is 1st 70%, 2nd 20%, 3rd 10%, 4th $1,000, 5th $750 and 6th $500 and is settled the following Monday.