Calcutta explanation

[speedi]

Could someone please post a detailed explanation of how a calcutta works?
Provide some examples of player A, B, C, etc., their bid amounts, and how the money is divided. Many thanks

 

[mikeyfrost]

It's just a prize pool thing where you the players in a tournament get auctioned off. So if you like a particular person to win, u can bid high enough to own them. After everyone is auctioned off, there's now a whole other prize pool, usually 4-5times bigger than the normal payouts. Then normally the top 12.5% of the field reach the calcutta money. I was confused by them for about 30 secs until i saw what was going on. It's generally a bad bet. You do get odds on the cash and players usually buy half of themselves so your not in too deep.

 

[Demondrew]

So how do you keep a player from betting on someone else and then dumping?

 

[CocoboloCowboy]

Could someone please post a detailed explanation of how a calcutta works?
Provide some examples of player A, B, C, etc., their bid amounts, and how the money is divided. Many thanks

GREENIE for a # 1 Question.