Here at the Gold Coast Turf Club, we’re getting very excited about our upcoming 2018 Magic Millions 2YO UBET Calcutta Dinner, but we have discovered that there are a lot of people who have never attended a Calcutta nor know how it all works.
We’re glad you asked and here’s how it all works!
THE TICKET DRAW
Tickets are $10 each and are available both prior to and on the night. The Calcutta commences with one ticket being drawn for each runner in the 2YO Magic Millions. If your ticket is drawn, you ‘own’ that horse ahead of the auction stage! All proceeds from the ticket draw go into the prize pool.
Each horse will be auctioned to the attendees at the Calcutta, who have the opportunity to bid for that horse. You can bid on your own, or you might choose to pool resources with others at your table.
After the hammer falls on each runner:
50 per cent of the sale price goes to the person who drew that horse in the ticket draw; and the remaining 50 per cent goes into the ever-growing prize pool.
The highest bidder in the auction stage becomes the new owner of that horse. Successful bidders must pay for their horses on the night – Cash and EFTPOS/Credit Card facilities will be available.
AFTER THE RACE
After the running of the Magic Millions on Saturday January 13, 2018, the prize pool (consisting of all ticket sales plus fifty per cent of auction proceeds) is divided as follows:
60% to the owner of the winning horse;
20% to the owner of the second placegetter; and
10% to the owner of the third placegetter.
*10% will then be donated to the National Jockey’s Trust*
So, if you want to experience what it’s like to have a horse racing in the Magic Millions, you’ve got to get along to the 2018 Magic Millions 2YO UBET Calcutta Dinner on Thursday January 11.
If you cannot make it to the Dinner, but would like to participate in the Calcutta Draw, you may pre-purchase the $10 tickets by calling reception on 5538 1599. Then Gold Coast Turf Club will then email you your tickets and will advise if you ‘win’ a horse.