You are better then this.
Thoughts on Calcutta/Tournament Issue
- Thread starter u12armresl
- Start date
I do not know what your saying but if I had responsibly or own bar or pool room with full liquor license.
That is investment I want to protect from seizure, or big fine.
Even beer - wine license is very pricy.
The legality of Calcuttas depends on the state. I think you have strong laws in AZ. I don't know the law in Louisiana, but in many states Calcuttas are ok if the house does not take a cut. No different than NCAA office brackets which are legal and illegal in different parts of the country.
Well laws are different by State, County, and City’s.
Still do not understand how a Calcutta works?
Your post I alluded to was unreadable.
As for Calcutta it is like paramutual betting at a racetrack . Big difference is is the state does not gain tax revenue. That is the main reason why they are illegal.
Better than a guy who waits to see the draw, then asks for half or says he will dog it on you. Calcutta is a gamble, know your horse!
Before the tournament starts, each player is auctioned to highest bidder to create a pot. And then the pot pays out based on how well the players do. E.g., if you buy the guy who winds up winning the tournament, you get 1/2 or 1/3 of the pot (or whatever). Many (most) of the time the Calcutta pot is bigger than the tournament pot.
Thanks I get the idea.
A perfect example of why pool gets a bad name. I’m sure there are instances in other sports have problems with the players. However if your a pro player and you show up in no condition to participate what does that say? Of course there’s no governing body to hold anyone accountable for their actions so it’s going to happen.
Last edited:
And you can only babysit your investment so long.
I used to like it that the people I traveled with and bought didn't have any issues, but I would also be there to assist with getting them food, beverages, or cigarettes in order for them to feel they were at their best.
I dislike calcuttas. The good thing is supposed to be that they bring in outside money. That is also the bad thing. Often gamblers that don't even play pool come in and take the cream off of the top of the calcutta. The return on investment varies from OK to very good but the risk is very low if you have purchased the top players. These guys have ran the price up on top players where perhaps the entry fee was $1000 but the player will have to come up with over three thousand to buy half of themselves back. The rules don't always specify the player has the option to buy half of themselves back in which case it is entirely up to the calcutta buyer and sometimes they won't sell.
OK, often not practical or possible for top players to buy themselves back, at least the calcutta holders will toss 10% jelly. Not nearly as likely for these outside gamblers. Calcuttas are typically Dolly Parton payouts, all on top or most on top.
The gambler made a nice score on one player, broke even on one, and lost his investment on one. So before he gives anything to the player he has to calculate what he really won and it may be a lot less than the calcutta paid to win. Also since this is a professional or very serious gambler, he may consider where he is at on track wins and losses, football, his big picture. He may be in the hole even after winning the calcutta at the pool tournament and not be inclined to toss jelly while he is still in the hole overall.
Another bitch about the calcutta, it often starts at a set time with the tournament starting immediately afterwards. The auctioneer sees it as his job to get money in the calcutta and it may take ten minutes or more to auction off a popular player. The calcutta may run half a day! Another auctioneer, it might be over in two hours. So I very much dislike it if the calcutta makes the start time of the tournament uncertain.
Player's sidepots I like. In theory only players involved, it is optional, and all players pay the same so it might add a minute or two to the sign in at most.
Hu
OK, often not practical or possible for top players to buy themselves back, at least the calcutta holders will toss 10% jelly. Not nearly as likely for these outside gamblers. Calcuttas are typically Dolly Parton payouts, all on top or most on top.
The gambler made a nice score on one player, broke even on one, and lost his investment on one. So before he gives anything to the player he has to calculate what he really won and it may be a lot less than the calcutta paid to win. Also since this is a professional or very serious gambler, he may consider where he is at on track wins and losses, football, his big picture. He may be in the hole even after winning the calcutta at the pool tournament and not be inclined to toss jelly while he is still in the hole overall.
Another bitch about the calcutta, it often starts at a set time with the tournament starting immediately afterwards. The auctioneer sees it as his job to get money in the calcutta and it may take ten minutes or more to auction off a popular player. The calcutta may run half a day! Another auctioneer, it might be over in two hours. So I very much dislike it if the calcutta makes the start time of the tournament uncertain.
Player's sidepots I like. In theory only players involved, it is optional, and all players pay the same so it might add a minute or two to the sign in at most.
Hu
While unfortunate…..for the most part if you know a player well enough to buy them for any significant amount of money…..you likely also know if they are reliable or not.
Kinda a buyer beware thing.
Now, if you’re the person running the auction, you’ll likely want to protect your customers. So probably don’t want to make a habit of allowing unreliables to be auctioned.
Kinda a buyer beware thing.
Now, if you’re the person running the auction, you’ll likely want to protect your customers. So probably don’t want to make a habit of allowing unreliables to be auctioned.
I don't think anyone can really 'share if you know'.
I'd actually be amused to find out if you can figure out what you are trying to ask.
I don't even see a question mark, so can only determine there is no question.
And you said you'd thank people for sharing their knowledge with you. That your/ you're lesson is accurate and valuable. Thank me?
Reason for one sponsoring body, scantioning body, rule for everyone.
Well Hu you opened eyes, about the good, and pitfalls of the Calcuttas.
Sounds like a bad gamble, as there is zero way to control odds. Except not participating.
But I understand gambling is just that gambling. So do it for Buzz, or rush they get of the game of gambling.
Calcuttas are not only legal but encouraged down here in Louisiana. Some of you know the $ amts , but for the ones who haven't attended tournaments down here some of the pools are large . The Scotty Townsend Memorial held at Arena Billiards , West Monroe held I believe in late Feb or early March paid out a total of prize money and calcutta money of over $ 215,000 .Also Chris Miller at White Diamonds in Lafayette is known for high bets & high calcuttas. & of course Buffalo's in the Big Easy calcuttas are huge as well. I saw Alex was the blind this past weekend at the Big Easys one hole tournament & he sold for $16,000. Didn't get the total , but it was big. If calcuttas are your thing come try a tourny in Louisiana.
Calcuttas are fine in Louisiana and every bit of the pool has to be returned to the buyers! People running the event have tried to hold on to a percentage or pay officials out of the calcutta pool, can't be done! Not even the auctioneer can touch that money. That is something I like about calcuttas, 100% payback in Louisiana by law.
Hu
Law are great with teeth, and people to enforce.
Louisana also has Angola Prision, not nice place to be if bad.
Aint this state just great!!!
Hope you been well Hu.
Sent from my SM-G965U using Tapatalk