calcutta cash

Melbourne Cup Eve Calcutta Night 2017 Huge Success

Melbourne Cup Calcutta Night Huge Success as a Social Event and Fundraiser

This was the 3rd time we have run a Calcutta and once again it was a huge success

Thank you to everyone who turned up at the Hope Island Tavern on the eve of the cup. As well as those that bought tickets prior to the event.

Special thank you to Mark MacCabe of Mark MacCabe Real Estate who was the MC and our Auctioneer

The Leukaemia Foundation was the charity that we supported this year . Every dollar raised from selling tickets for the Melbourne Cup horses and the auctioning amount we got for each horse. The Leukaemia Foundation got their cut first before we paid out prize money.

The Lions Club of Sanctuary Cove Hope Island paid out over $4,230 in prize money. 1st place Cash Prize in the Melbourne Cup was over $2,365.30.

The Calcutta Overview

– Calcutta Draw Tickets were $2 each, each was a chance to win and become the temporary owner of a horse in the Melbourne cup.

calcutta cash– Then all the horse are then auctioned and purchase by the Final owners for the Calcutta

– The temporary owner of the horses get 50% of the amount the horse was auctioned for.

– That amount that we have left (after the Charities cut) id the Cash Pool

Then we pay the following amounts after the running of the Cup (the next day) in CASH
– 1st Prize 65% of Cash pool
– 2nd Prize 20% of Cash Pool
– 3rd Place 10% of Cash Pool
– Last Place 5% of Cash Pool

calcutta cash

How a Calcutta Works

Charity Fundraising Evening, Melbourne Cup Calcutta Monday 2nd Nov 2015

The Lions Club of Sanctuary Cove Hope Island will be running a Calcutta on Monday night 2nd November at Hope Island Tavern, Hope Island Road, Hope Island 6pm Registration, Draw starts at 6.30pm in the Sports Bar.

Fundraiser for Camp Quality Helping Kids with Cancer

Lots of fun, prizes & cash prizes to be paid out.

  1. The Calcutta is held on the Monday evening before the Melbourne Cup.
  2. Calcutta Raffle Tickets can be pre-sold so that people have the chance of drawing a horse and becoming a temporary owner. You do not have to attend the Calcutta to be a temporary owner, just purchase your tickets. Calcutta tickets can be purchased from a member of the Lions Club before or on the evening of the drawer commencing. Calcutta Raffle Tickets are just $2 each, 10% goes to the Charity Pool
  3. On the evening, all the Calcutta Raffle Tickets purchased are put in a barrel and the Melbourne Cup Horses in another barrel. If your name is drawn out you become the temporary owner of the horse that is drawn out of the other barrel at the same time.
  4. All horses are then up for auction.calcutta cash
  5. The temporary owner will get half of what is bid for the horse, the remainder going into a prize pool (which also includes the money from the Calcutta Raffle Tickets sold). So if you drew a horse and it was auctioned for $100, you receive $50 as temporary owner. Of course, you can bid for your own horse knowing that you are only paying half the price!!
  6. The prize pool grows as the horses are auctioned off.
  7. After the last horse is auctioned, the prize pool & this year’s charity donation is worked out.
  8. 10% of the Prize Pool plus 10% of the initial Calcutta Raffle Tickets will be donated to Camp Quality, helping kids with Cancer.
  9. The remaining 90% is split & paid out as cash prizes to the “Owner” of each of the horses as follows:  First Place, (65%) Second Place (20%), Third Place (10%) & Last Place (5%) at the Melbourne Cup Tuesday 3rd November 2015.
  10. Temporary owners (original purchasers of Calcutta Raffle Tickets who draw a horse) quickly realise that if they then bid in the auction for their own horse they are really only paying half the cost for the horse. Because 50% the horse auction price goes to the temporary owners. A great way to buy a horse in the Melbourne Cup!

Good Luck –  Always a WIN for Kids with Cancer!

Download – How a Calcutta Works as a PDF – click here

Register your interest here to keep up to date

Download – Melbourne Cup Calcutta Night Flyer