Calcutta

Whats to know?

Just a player auction.

Most event start with blind bids, maybe at a preset bet then auction.them up. So say 100 and it bids higher, highest bidder gets pick of field.

Blind bidding continues until nobody wants to bid 100 or more, then go down list. Will be a minimum bid and set bidfing increments.

Players can typically buy back 1/2. Good to have your pony motivated

Players not sold go into the field, those pkayers auctioned for cheaps...long shots mostly.
 
How are the payouts of a calcutta determined?

Can more than one buyer buy a player?

They are determined on the number of players. For example a weekly tournament with a calcutta that averages 15 or 20 players wont pay as deep as a field of 64. The only way more than one person would buy a payer is if a corporation is formed.
 
Do you get paid only if your player wins the tournament?

Can you give an example to show how much you win.
 
The one and only Cocobolocowboy had a thread that was freaking hilarious but I can't find it.
 
Can someone explain how this works? Thanks

Calcutta is fairy simple. It's just a player auction. Each player is auctioned off and starting bid should be $5-$10 or so. The money collected from the auction us divided up into a first second and third payout or should reflect same payout and percentages of the tournament money. Players and spectators alike can buy the players. Whoever the bidder who bought the player which wins the tournament win the first place calcutta money. For example, you're the best player at the tournament and everyone knows it so you are getting high bids on the calcutta. You are auctioned off for $80, and bought by Susie. Bill, an average player is auctioned off for $40; bought by Mike. Let's say that Bill, the average player, wins the tournament by beating you. Bill would get first place tournament money and you would get second place tournament money. Mike would win first place calcutta money, and Susie would win second place Calcutta money. Often the calcutta winnings are more than the tournament winnings.
 
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