1/7/2023 0 Comments Calcutta auction laws![]() ![]() If it’s being played competitively, there’s typically a prize payout for the top three to five finishers, with the first-place finisher taking the lion’s share of the profit. If a Calcutta is being played for charity, part of the pot will go toward the charitable cause. Payouts depend on a couple of factors and are typically decided on a case-by-case basis. ![]() The eventĪ Calcutta is typically an 18-hole, stroke-play tournament. Typically, the cost to buy back a share in yourself is roughly half of what the owner bid for you. If the player then wins the tournament, they and the owner split the winnings 50-50. In this scenario, players can purchase a share of themself from their owner. BuybacksĪ buyback is a favorite option of low-handicappers participating in a Calcutta. In theory, an auction should work such that the lowest handicap golfers are auctioned off for the highest prize, while the highest handicappers go for pennies on the dollar. The highest bid wins “ownership” over a player, with their money contributed to the pot. Golfers bid on who they feel will win the event, generally beginning with the lowest handicap player and ending with the highest handicap player. Each golfer participating in a Calcutta is both a player and an owner, but before anyone can tee off, all golfers must first “buy” another player through an auction. ![]()
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