You want to bet?I've never seen and/or heard of a room taking a cut.
Definitely... Any number you wantYou want to bet?
Sweet that means I still haven't heard of a house taking a calcutta cut. Looks like I'm still winning the unknown bet with AlphaDogwhere the tournament director has been taking a cut.....<snip> </snip> .....In these tournaments the td does not work for the house.
The best bets are won with words.Definitely... Any number you want
Stop the countSweet that means I still haven't heard of a house taking a calcutta cut. Looks like I'm still winning the unknown bet with AlphaDog
That just sounds like entering the tournament twice, without the division of the prize pool for the top few.A little off topic but I prefer the cash option which I think is the same as Coco's side pot. If you are in the tournament you can enter the cash option. Everybody pays the same fee to enter and typically the cash option is a little more top heavy than the regular tournament payout.
A Calcutta certainly adds to the interest/participation in a weekly tournament or any tournament, as does some sort of break and run competition.That just sounds like entering the tournament twice, without the division of the prize pool for the top few.
Speaking as a player that's never a favourite, but can do some damage if the stars align. I think I would always prefer getting into the calcutta with small money. I also do enjoy the calcutta atmosphere, and think it does engage rail birds. The hustle and bustle of guys brainstorming who's buying who, and the pooling of money so everyone can get a piece of the top shots. Even the occassional boost in ego when people start betting it up when your name is on the block. I'm always disappointed when there's no calcutta.
Hu...I lived in MT for many years. The annual "coin-op" state championships were always run by the Valley charterholders (which also controlled all the other gambling as well...jukebox, pinball, poker machines, etc). There were 300+ players every year, and it was always held at a hotel convention center. When they would hold the calcutta, they would rake 30% for themselves...and here's the worst of it, use that money to buy up the top players! This was 15-25 yrs ago, but it wouldn't surprise me that they're still doing it!I have heard of rooms getting greedy and taking a cut out of the calcutta. More commonly I have heard of the room taking the tournament director's fee out of the calcutta. With some running over a hundred thousand taking a bite out of it is certainly tempting. However, in my state it is illegal for even a penny to be taken from the calcutta! No fees for running it, no juice for people that didn't buy into it.
A little off topic but I prefer the cash option which I think is the same as Coco's side pot. If you are in the tournament you can enter the cash option. Everybody pays the same fee to enter and typically the cash option is a little more top heavy than the regular tournament payout.
Winning the calcutta or cash option is often the difference between not much more than breaking even and a sweet payout. Might be an indication that the main tournament entry fee needs to be raised and have a bigger payout. Of course chasing outside sponsors is always a good idea too!
Hu
Some do, some don't. Sometimes the house takes a cut and/or the auctioneer gets a jelly-roll for running it. Varies from place to place.Can someone tell me when runing a calcutta if the room takes a cut from it.
There you go! It's not unusual for the House/TD to take a 10% cut for running a big Calcutta. Rarely do you see them being done gratis.Some do, some don't. Sometimes the house takes a cut and/or the auctioneer gets a jelly-roll for running it. Varies from place to place.
I most certainly wouldn't have an issue with the person doing the work taking a small piece of the pie. Based on the small numbers I'm used to, 10% seems more than adequate. The 30% mentioned earlier is robbery imo.There you go! It's not unusual for the House/TD to take a 10% cut for running a big Calcutta. Rarely do you see them being done gratis.
Calcutta for small money is sweet.That just sounds like entering the tournament twice, without the division of the prize pool for the top few.
Speaking as a player that's never a favourite, but can do some damage if the stars align. I think I would always prefer getting into the calcutta with small money. I also do enjoy the calcutta atmosphere, and think it does engage rail birds. The hustle and bustle of guys brainstorming who's buying who, and the pooling of money so everyone can get a piece of the top shots. Even the occassional boost in ego when people start betting it up when your name is on the block. I'm always disappointed when there's no calcutta.