Melbourne Spring Racing Carnival - Sweeps

Sweeps

The carnival, and particularly the Melbourne Cup attracts the interest of many people otherwise uninterested in horse racing, and special forms of very low-stake gambling are often used for this event. One common form for groups such as office staff is the "sweep", where each participant adds a small fee to a "pot" and draws the name of a horse like a raffle. Prize money is distributed to the person who draws the winning horse (occasionally smaller prizes are awarded to placegetters and the last-placing horse). A more complex and high-stakes form of the sweep is the "Calcutta", often held as a fundraising event for community organisations, which begins as in the sweep (though usually with a much higher initial stake), but which allows ticket holders to trade their tickets through an auction system.

Read more about this topic:  Melbourne Spring Racing Carnival

Famous quotes containing the word sweeps:

    A servant with this clause
    Makes drudgery divine:
    Who sweeps a room as for Thy laws
    Makes that and th’ action fine.
    George Herbert (1593–1633)

    Healthy vanity sweeps through life. Sickly vanity lies in bed.
    Mason Cooley (b. 1927)

    The infernal storm, eternal in its rage, sweeps and drives the spirits with its blast; it whirls them, lashing them with punishment. When they are swept back past their place of judgment then come the shrieks, laments, and anguished cries; there they blaspheme God’s almighty power.
    Dante Alighieri (1265–1321)