Lets see:
After all the players have paid the entry fee and there is no more players to be added, a list is made of all the players names and/or their handicaps if any. This is done before the draw is done and nobody knows who is playing against who!!!
Then a person may or may not have what is called a blind bid where a number of players (usually the best are "sold" to the highest bidder"
This practice is continued will all the players in the list, there is a minimum price per player (say $10.00) to start. When your name is called the auctioneer will ask the player if "he" wants to buy himself from the bare minimum of ...say $ 10.00 unless somebody bids more than you, highest bidder gets the "horse". You as a player then will be presented with the option of buying half of your self and have to pay the highest bidder 1/2 of what He did pay for you. Now, this is voluntary, you are under no obligation to pay half , or a quarter for that matter. However the player that pay for you is deemed to be the owner and any monies payable will go to him unless otherwise stated . Usually if you bought have of you, have the money is yours......but bear in mind that many times there is a lot of players that refuse to buy themselves and they are grouped together and sold as a unit to the highest bidder as a "special"
The tournament will pay a number of spots, sometimes as much as 1/4 of the field, but sometimes it pays even less than the 1/4 field...usually is stated in the flyer but if not is worth asking.
The payout for the calcutta is also usually halve of the tournament pay outs, if the tournament pays 8 spots....then Calcutta will pay 4 spots.
The total money collected from the calcutta forms a second prize, many time exceeding the payout from the tournament and the good thing is that you don't need to play in the tournament to play the calcutta......anybody that is there may be a Calcutta buyer.
Calcutta prize is not to be included in the final results for the media outlets or if included are separated to let people know that the Calcutta was good, sometimes players go to tht tournaments hopping to buy good on the Calcutta....If your "horse" does not come in the required place to collect, then your money is gone!!
Also many times a small percentage of Calcutta is donated towards a charity if that was the purpose of the tournament ....eg: memorials Again, it would be stated before the Calcutta is started
Calcutta is strictly voluntary, if you happen to win a tournament and didn't get halve of yourself then you will get only the regular prize money perhaps while the second place with Calcutta (He is now first) walks away with twice the money
I hope this will entertain your mind and if you have any questions...........ask!!
