The Everest Calcutta

One of the biggest race day's in the Spring Calendar is shortly upon us.

The Everest is the richest race in Australia and The Royal will be hosting a Calcutta hosted by Sky Sports Racing HQ guru Dave Stanley.

The raffle and auction will start promptly at 6pm so be sure to get in early to secure a seat and pre purchase raffle tickets.

If you are not sure how a Calcutta works but want to be part of the fun, please see the explanation below.

It's a great night regardless so we urge you to lock it into your calender!

BOOK A TABLE DIRECTLY AT THE VENUE OR BY CALLING 02 45781011

REMEMBER YOU MUST BE PRESENT AT THE DRAW TO PARTICIPATE

TAB EVEREST CALCUTTA

A Calcutta can be broken into four key components:

Ticket Sales

After purchasing your ticket to our Calcutta event, held on the Friday before the TAB Everest, you're offered the opportunity to purchase raffle tickets for the chance to be drawn a horse running in the TAB Everest
Raffle tickets are available for purchase for $5 each, 3 for $10 or 25 for $100. They can be purchased from the club before the event, or they can be purchased at the event up until 6:30PM (before the raffle is drawn).
There is no limit on the number of tickets an individual can purchase. All proceeds from ticket sales contribute to the Calcutta Pool.

The Raffle
Once raffle ticket sales close, a draw will be conducted. A winning ticket will be drawn for each horse running in the TAB Everest, granting the holder 'ownership' of the horse for the subsequent auction (more to come on that below).
The benefit of 'ownership' grants the lucky ticket holder two choices from the auction:

1. The winning ticket holder will receive 50% of the amount their horse sells for in the Calcutta Auction. The race outcome does not affect this prize.
2. Alternatively, the ticket holder can choose to forfeit this prize by winning the auction and pay only 50% of the final auction price. By doing so, they will forfeit the 50% they otherwise would have received from the final auction price, but will now instead by vying for the 60% lion's share of the total Calcutta Pool (made up by all resulting auctions) if their horse wins the TAB Everest. 20% is the prize for a second place result, and 10% for third.

Auction
After all horses have been allocated through the raffle, an auction will be held for each horse.
The final auction amount will be split evenly between the Calcutta Pool and the individual who drew the horse in the raffle.
For example, if Horse Number 1 sells for $1000 at the auction, $500 will go into the Calcutta Pool and $500 will be given to the raffle ticket holder.
IF the raffle ticket holder wins the auction at $1000, they only have to pay $500 to the Calcutta Pool.

Calcutta Pool
The Calcutta Pool consists of the total funds raised from both the raffle and the auction.
The Calcutta Pool distribution is determined by the results of the TAB Everest
The pool will be distributed as follows: 60% to the owner of the winning horse, 25% to second place, and 10% to third place. 5% of the Calcutta Pool is retained for last place to make things interesting.
All horses purchased at auction must be paid for immediately, or they will be re-auctioned.

MUST BE PRESENT AT THE DRAW TO PARTICIPATE