Its name references directly the polo team and the fact that Carrasco has one of Uruguay's leading equestrian centres.

Apart from polo, the club hosts a large variety of sports, such as equitation, field hockey, football, rugby union and tennis.

[5] In 1950, the first edition of Campeonato Uruguayo was held, being contested by Old Boys, Colonia Rugby, and multisport clubs such as the MVCC and Carrasco Polo (which supplied two XVs).

[5] Carrasco Polo Club was transformed by the coaching of Amarillo Washington, who used scientific methods to replace the earlier habits of "training hard, but then after matches going to the bar to eat and drink everything.

"[6] Carrasco's leading player Diego Ormaechea had been introduced to the sport as a fifteen-year-old in 1976 and was still playing for club and country more than twenty years later.