Ncaa Calcutta

[grandmama]

Just passing this info along. I've done this with friends the past few years, and have had a blast. Makes Ncaa tourney even better. First, you have to get a bunch of people to jack up the pot. Everyone bids on each of the 64 teams. Look this over. Wondering if any of you have done this before. The only aspect I don't like about this is teams don't get paid for making elite 8.


Payout Schedule

Biggest upset 5% of total pot (Based on seeding)



Team that gets beat by the most amount. 5% of total pot. This gets people to buy the 14-16 seeds.



5-16 Seeds that get to sweet 16 (32% of total pot-divided amongst amount of 5-16 that make it)



Final 4 = 8% of pot for each team that makes final 4 (32% of total pot)



Final 2= 8% of pot for 2 teams that make it (16% of total pot)



Champ= 10%


1-4 seeds doesn't get paid unless they make final 4.


Rules

1) Bidding is conducted on a Free Market basis. There is neither a pot limit, nor a limit on the bidding for any one team
2) Payments are due at the end of the auction. NO Pay NO Play.
3) Minimum bid is $5 and the bid increment is $5.
4) Teams will be up for bids by their seeding ( starting with 16 seeds).

5) There is no limit on the amount of teams any one person owns

6) Groups or committees may be formed to buy teams together

[griffey_mojo]

I've been in this stuff for the NFL Playoffs...but that was the only sport.

Looks very interesting.

[xstac2169]

Very interesting strategy. I like the twists.

[theasterisk]

i have always wanted to do one of these but my friends are too cheap and stupid.

[FB Coach13]

Yea Ive been in one also called "the calcutta" the last 4 years it is a blast u are right. There are afew differences in the one im in it does pay the elite 8, and the only single teams you bid on are the 1 and 2 seeds, the 3-16 seeds are grouped together in groups of 4 or 5, that is the route the first 3 years my buddies and i took trying the group and hopefully hitting at least 1 team if not 2, but last year we jumped up our game and bought UCLA, they got ousted in the final 4 but we still made a little money. If I remember right i believe we paid alittle over 5 grand for UCLA, I think that was the third or 4th highest price last year. This is a big deal where I live it is a whole night thing, they rent out a hall, have a dinner/drinks, they have a auction for the NIT, then they have a silent auction{cheaper}and then an oral auction for tourney, then after that play craps and cards can end up a very profitable or VERY UNPROFITABLE night, but always is a blast

[FB Coach13]

few other differences all elite 8 teams get paid, then the further your team goes the more you get reguardless of seeds, and the only other payout is for the team that loses by the most points in round 1, that way with fewer payouts you get rewarded more if your team advances to elite 8. Usually about 150-200 people at this bidding can get pretty crazy pretty quickly

[Chado1]

i have always wanted to do one of these but my friends are too cheap and stupid.

Same...

[theasterisk]

well chado we should team up!
we could be "the unbeatable Chads"
or "the unbearably broke chads"
as my name is actually chad as well...

[Chado1]

well chado we should team up!
we could be "the unbeatable Chads"
or "the unbearably broke chads"
as my name is actually chad as well...

Nice...Chad from another mother!!!