What Is A Calcutta In GolfĪ golf Calcutta is a golf tournament format where teams are bought, and payouts are made based on a team’s performance. Here is everything you need to know about a Calcutta auction. If you have always wondered how these tournaments work and want to make sure you are not one of those golfers who have no idea what they are getting themselves into, you are in the right spot. With these member-guest tournaments being so important for the club, there are usually strict rules and regulations surrounding the Calcutta golf tournament. the final size of the pool.Have you been invited to a tournament where there is a Calcutta auction? A golf Calcutta is a popular tournament format and one that many private golf courses will use for their member-guest events. For example, even if a bidder knew the Kentucky Wildcats would be the NCAA Basketball Tournament winner and thus pay out 32% of the pool, the bidder would still be unsure of the exact value of the team (unless it was the last team being bid on) since the payout depends on the sum total of all winning bids, i.e. Thus, the value of each shooter fluctuates during the course of the betting. It is just as common for the “owner” and shooter to split the pot evenly – the point is that the rules of the Calcutta should be clearly documented at the start.Īn interesting element of Calcutta auctions is in determining an appropriate wager for each shooter, as the payoff will directly hinge on the size of the pot and thereby the size of the bids being placed. Perhaps the simplest and most common Calcutta payout is 70 percent of the pool to the “owner” of the winning shooter, 30 percent to the “owner” of the second-place shooter. The precise rules of a Calcutta can vary from place to place many tournament organizers employ software programs that apply odds and determine win-place-show amounts. Accordingly, participants bid among themselves to “buy” each of the shooter, with each shooter being assigned to the highest bidder. At the end of the tournament, those who “won” the shooter that then won the event receive a pre-determined payout from the auction pool.īidding for each shooter begins in random order, with only one shooter being bid upon at any time. All the money raised through the “auction” goes into the pot.
In a Calcutta, bids are placed, auction style, on the shooter who they think will win the event (you can bid on yourself too).
There are two participants in each entry to the Calcutta – the shooter and the buyer.
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