Fleece3 said:
Hey Fleece do you think it might be possible to get to Kentucky without going through Texas? Although, now it is legal to gamble on games of skill in Texas.
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Hey Fleece do you think it might be possible to get to Kentucky without going through Texas? Although, now it is legal to gamble on games of skill in Texas.
Upon further review: these states do not distinguish between games of chance and games of skill, thereby making gambling on pool an arrestable offense (although they still have plenty of pool tournaments in these states)
Arizona, Arkansas, Florida, Illinois, Iowa, Louisiana, and Maryland
And these states are still up in the air with their individual laws concerning this, making it questionable in each:
Delaware, Montana, Tennessee, and Vermont.
In all other states it is completely legal to wager on games of skill that are recognized by each state.
http://www.gambling-law-us.com/State-Law-Summary/
Arizona, Arkansas, Florida, Illinois, Iowa, Louisiana, and Maryland
And these states are still up in the air with their individual laws concerning this, making it questionable in each:
Delaware, Montana, Tennessee, and Vermont.
In all other states it is completely legal to wager on games of skill that are recognized by each state.
http://www.gambling-law-us.com/State-Law-Summary/
corvette1340 said:
Looks like my last road trip!
sorry for being ignorrant but what exactly is a calcutta? my understanding is it's somekind of a side bet but i'm not to sure. since this thread has already gone of it's track I figured I'd ask the question
Cardinal_Syn said:sorry for being ignorrant but what exactly is a calcutta? my understanding is it's somekind of a side bet but i'm not to sure. since this thread has already gone of it's track I figured I'd ask the question
It is an auction of the players in a tournament. Each player is put up for bids. All the money raised from this auction is then put into a pot, with the people who have bought the top finishing players splitting the money.
Typically if you buy the player who wins the tournament, you will get something like 30-40% of the total pot. Usually the top four or top six players are the ones who determine who wins the money in the Calcutta.
Got it?
Cardinal_Syn said:sorry for being ignorrant but what exactly is a calcutta? my understanding is it's somekind of a side bet but i'm not to sure. since this thread has already gone of it's track I figured I'd ask the question
Everyone bids, auction-style, for each player. The better players will cost more than the others. This fund is then paid out similar to the tournament.
Best example I know of was 3 years ago the winner of the Music City tournament went for $50 in the first calcutta and $300 in the second. Other players were well over $1000 in both. Winner took home $20,000 for their $350 bids.
so it's kinda like a bookie with players having odds before you "purchase" them? can more than one person bid on a player?
Cardinal_Syn said:
There is no pre-determined "line". The purchase price is determined by the public auction. Anyone with cash-in-hand may bid. Usually they sell an open bid first. Quick example.
Open bid. Start at $200. A few minutes later it is purchased for $500 and the bidder selects player X.
Now all players are auctioned alphabetically.
Now, total prize pool is $5000. 1st place pays $2000. If player X wins, the bidder collects $2000 and nets $1500. If a player that went for $20 wins, the bidder won $1980.
If Player X does not place in a top spot the bidder is stuck $500.
gabesmom said:
thanks. I've had the pleasure of playing golf with Gabe a couple of times and he and I beat a couple of frat boys out of some money in a bar once. Well, actually he ran 5 racks of barbox 8 ball in a row on them, lol. Anyway, super nice guy, you did a good job.
Thanx corvette1340!corvette1340 said:
But I'm only responsible for so much. It's his life on the road the past 14+ years meeting lots of wonderful people - like you and many others who post here - that have contributed to his personality. I get to hear some of the stories - but I'm sure there's alot I haven't heard - (and it's probably best that way).
But my husband & I took a straight shot trip to east coast - Outer Banks - in August, used the GPS, and it kept trying to turn us so many different directions (to keep us on interstate I guess), and we would have driven like the route on your map, if we hadn't known a little about the direction we were going. I just really found it funny!
jay helfert said:It is an auction of the players in a tournament. Each player is put up for bids. All the money raised from this auction is then put into a pot, with the people who have bought the top finishing players splitting the money.
Typically if you buy the player who wins the tournament, you will get something like 30-40% of the total pot. Usually the top four or top six players are the ones who determine who wins the money in the Calcutta.
Got it?[/QUOTE
Based on location they can be called player auctions or calcutta's. Some think it makes a differance with regards to lagality
It's common for tournament directors/business owners to pocket 10%+- of bid amounts.
No question taxes are paid on these (as all) monies.
Fleece3 said:WOW! Be careful! You chould dislocate a shoulder with a backstroke like that
what backstroke are you talking about? I said in my original post that there were 42 states in 2002 that allowed gambling on games of skill. My original argument is still completely valid and backed up by facts. I wish that you would make a little sense in your posts.
corvette1340 said:
From a Salon.com article dated in 03
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"We don't offer gambling. People win money based on skill," says Fong. Gambling is regulated by the federal government and includes any "game that involves chance." Games of skill are state-regulated. Currently, 19 states allow wagering for games of skill, which are defined roughly by three elements: It is impossible to win a game without skill, players know the standards of skill necessary to play, and rules for the game are objectively enforced.
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Am I making sense yet?
Fleece3 said:
refer to the link in post #182. It will give you the 2007 laws, not the 2003 laws.
