Calcutta auctions..

V

voiceofreason

AzB Silver Member
Silver Member
Thinking of introducing a calcutta auction to a tournament I am involved in. It is very rare here in the UK.

Just to be absolutely clear I get it right, can someone just outline for me how it normally works?

Thanks in advance!

x
 
Do not draw the pairings before the Calcutta. It will affect the bidding if the two top players end up meeting early.

If the players are seeded, make that known before the bidding starts.

The first auctions should be for the pick. Run it this way for a set number of players, or until the winning bids drops to a point where it might be better to go to the list of remaining players.

Players have the right to buy half of themselves from the winning bidder.

The payout percentages need to be determined and announce before it starts.

If a player does not get a bid:
1. they are stuck at a minimum bid of $10 (or other amount)
2. They are put in a pool(s) of players to be auctioned at the end.

These are my thoughts.
 
Inaction said:
Do not draw the pairings before the Calcutta. It will affect the bidding if the two top players end up meeting early.

If the players are seeded, make that known before the bidding starts.

The first auctions should be for the pick. Run it this way for a set number of players, or until the winning bids drops to a point where it might be better to go to the list of remaining players.

Players have the right to buy half of themselves from the winning bidder.

The payout percentages need to be determined and announce before it starts.

If a player does not get a bid:
1. they are stuck at a minimum bid of $10 (or other amount)
2. They are put in a pool(s) of players to be auctioned at the end.

These are my thoughts.
Click to expand...

^^^^^
everything he said, and some clarification.

first 2, 3, 4 auctions are blind bids, meaning people are bidding on the option of picking any player they want from the tournament.

if a player doesnt get bid on, they can buy themselves for the minimum bid, or they go into the pool.
 
OK Many thanks guys, that is all pretty much as I thought..

Couple of quick follow ups..

What sort of percentages work out best? How far down do you go?

Assume a field of 128.
 
voiceofreason said:
OK Many thanks guys, that is all pretty much as I thought..

Couple of quick follow ups..

What sort of percentages work out best? How far down do you go?

Assume a field of 128.
Click to expand...

You may pay 32 of this group for the tournament, but the calcutta should pay fewer--16 or 12 or even 8. The reason for this is in a deeper calcutta payout, the top few places don't pay enough to justify bidding on the best players. You even get to goofy situations such as the top players cost more that the payouts.

It is common to allow a player to start with the opening bid on him or herself. Also you should tell the participants that players may approach the winning bidder and buy up to half the action on themselves, but only up until the time the draw is announced.
 
Personally, Ithink you should announce how many open bids you'll have. With 16 players maybe 3 or 4. That way you keep everybody on there toes and not losing interest and create a sense of urgency.
 
If there is an auctioneer who is a patron to your establishment, ask if they would be available to perform the auction for drinks etc. In my home town, one guy did this several times. It goes a lot quicker.

Shane and Corey were the top two bids in the Black Bear Casino tournament this year. Shane at $7500 needed to make it to the finals to gain anything, and third for a small loss. Corey needed to place in the top 3 to cash in. SVB beat CD in the finals, I believe.
 
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