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:

    The theatre is a gross art, built in sweeps and over-emphasis. Compromise is its second name.
    Enid Bagnold (1889–1981)

    All at once
    A fresher wind sweeps by, and breaks my dream,
    And I am in the wilderness alone.
    William Cullen Bryant (1794–1878)

    A body would think that your heart was as black as your face. People thinks now that sweeps is black all through instead of black all over.
    Robert N. Lee, and Rowland V. Lee. Tom Clink (Ernest Cossart)