Auction Night

Monday 2nd November

Raffle tickets on sale now for $1 each with all proceeds going to the total prize pool.

Available now from the Palmwoods Hotel Sports Bar or the Palwoods Cricket Club

On Monday Night from 7pm in the Sports Bar the Auction begins.

Nibbles will be provided so come & join in the fun.

How the Calcutta works

• 24 raffle tickets will be drawn and each winner is allocated a horse running in the big race – the winner becomes the ‘owner’ of that horse.
• The horse’s are then put up for auction.  The crowd bid on each horse in turn and of the winning bid 50% goes to the horse ‘owner’ and 50% goes to the prize pool and the horse now has a new owner. 
• Once all horses have been sold the Prize Pool is tallied and all race horses and new owners are documented.
• After the race on Cup Day the ‘owner’ of the winning horse collects 70% of the prize pool.  The ‘owner’ of the runner up collects 20% of the prize pool and the ‘owner’ of the 2nd runner up collects 10% of the pool.

The total prize pool depends on the number of raffle tickets sold and the selling price of horses on auction night.

Syndicates welcome.