NFR Calcutta to Support Stockgrowers Foundation
Watching the National Finals Rodeo on the big screens has always been a big part of attending the Stockgrowers Annual Convention & Trade Show. This year, we add the first ever NFR Calcutta auction at a Stockgrowers Convention to benefit our Foundation. This is sure to add a level of competition and fun to our nightly entertainment while watching the biggest rodeo of the year live from Las Vegas.
The objective of the REEF – NFR Calcutta is to raise funds for the Research & Education Endowment Foundation of the Montana Stockgrowers Association while having some fun.
The term “Calcutta” describes a type of auction-pool wagering that can be applied to rodeo. In a Calcutta, people bid, auction style on the individuals or team who they think will win the event. All or a portion of the money raised through the auction goes into the pool or pot. At the end of the event, those who purchased the teams that win gets a pre-determined payout from the auction pool.
How Much Is Paid Out?
This Calcutta has a 30:15:10 payout. The “calcutta owner” of the team that wins first place is awarded 30% of the “pool”, “calcutta owner” of the second place team is awarded 15% of the “pool”, and “calcutta owner” of the third place team is awarded 10% of the “pool”.
When and Where?
The “calcutta auction” will take place on Thursday, December 3 at the MetraPark Rimrock Auto Arena (Trade Show area) during MSGA’s Annual Convention. If you can’t be present Thursday and would like to bid then send someone in your place to bid. Please remember you may buy as many teams as you would like to purchase. 45% of funds raised will go to support the Research & Education Endowment Foundation so keep that in mind and have some fun with the bidding.
The 2015 Montana Stockgrowers Annual Convention & Trade Show is just a few days out. This year’s meeting offers a great lineup of speakers and educational workshops for Montana ranchers. To view all the highlights from this year’s Annual Convention, click here. RSVP on the Facebook event so you do not miss a thing. If you are following along on social media, share your experience (and anticipation!) with the hashtag #MSGA15 on Twitter and Instagram. View the tags from all networks on Tagboard.