Tournaments

Forum Archive : Tournaments

 
Calcutta auctions

From:   Anthony R Wuersch
Address:   arw@world.std.com
Date:   26 October 1994
Subject:   Re: Fall Tournament Odds 18/10
Forum:   rec.games.backgammon
Google:   Cy9DCo.Jtv@world.std.com

> Can somebody explain, what Calcutta Auction is? I have no idea! :(

Calcutta Auction is a way for people to bet on who will win the tournament.
Traditionally, it is done at the beginning of the tournament, or at some
point where a final eight or sixteen players are left.

Auction happens before rounds start.  An auctioneer who runs the auction
goes down the list of players one by one, asking who wants to bid on each
player.  Each person who bids highest for a player pays money into a fund.

This "Calcutta" fund is won by the person whose player wins the tournament.

My proposal for the FIBS tournament is a simple auction for the top eight
remaining in the main flight of the tournament, with funds going to the
backer of the winning player, or to the backer/s of the 2 top players.

A buyback would also be offered to players.   That is, each player bid
for in the auction may pay up to some percentage of the total money bid
for that player, in exchange for an equally proportionate share of the
Calcutta winnings.

The contribution of the backer of a player to the fund would be reduced
by the buyback amount, if the player buys back.

Calcutta auctions often take place in larger tournaments.  The bidding
and auctioning process is a lot of fun.

Toni
--
Toni Wuersch
arw@world.std.com   {uunet,bu.edu,bloom-beacon}!world!arw
 
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