Festa: Panthers Stradbroke Handicap Calcutta

Festa: Panthers Stradbroke Handicap Calcutta

$250 per Table of 6
Includes
Canapés and pre Calcutta drinks from 730 -8pm

Calcutta starts at 8pm each table has an Scrumptious grazing platter and 60 Free Calcutta raffle tickets.

The Panthers inaugural Stradbroke Handicap Calcutta.

A Calcutta is an exhilarating and thrilling evening that generates a prize pool to be won by the winning syndicate (table) who end up owning the right to a horse in the Stradbroke Handicap.

1. Calcutta is held on the Thursday evening (8th June) before the Stradbroke Handicap. �
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 the bar before or on the evening of the drawer commencing. Calcutta Raffle Tickets are just $2 each, 50% goes to the Mafc Pool and 50% to Calcutta Pool�
3. On the evening, all the Calcutta Raffle Tickets purchased are put in a barrel and the Stradbroke Handicap 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. �
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 is �worked out. �
8. 100% of the auction pool 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 Stradbroke Handicap Saturday 10th June 2017.�
9. 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 Stradbroke Handicap.�