Bega Cup Carnival Calcutta

Presented by the Sapphire Coast Turf Club. Tickets on sale on the night.

How Does a Calcutta Work?

Raffle tickets are sold on the night. The ticket sales create a pool of money called the “Starting Pool”.

On  the Calcutta night, the corresponding number of tickets to horses  racing in the Bega Cup are drawn out and are matched with a horse. The  starting field comprises of 16 horses, but there are sometimes  scratchings. If no scratchings, 16 tickets will be drawn. Those lucky  enough to have drawn a horse become the ‘horse owner’. (Please note that  there is no money back for late scratchings.)

At this point, horses will be auctioned. Anyone can bid on any horse during the auction.

If  the original ‘horse owner’ would like to keep their horse, they must  have the highest bid. However the owner only has to pay half the amount  that he or she has successfully bid. This amount is added to the  “Starting Pool”.

If  the successful bidder is not the original ‘horse owner’, they must pay  the full amount of the bid. Half this amount is added to the “Starting  Pool”, while the other 50% goes to the original ‘horse owner’. The  successful bidder is now the new ‘horse owner’.

A  small percentage of the proceeds from ticket sales will go to the  Sapphire Coast Turf Club. The rest becomes the prize pool which is  divvied up amongst the ‘horse owners’ of the first 3 place getters in  the Bega Cup

The Calcutta is a fun night with ‘the draw’ from 8pm in the Audi at Club Sapphire. See you there!