What is a Calcutta barrel race?

A Calcutta refers to a kind of auction that allows you to “own” a race horse for the day of the race and win a percentage of the pot if your horse comes in first, second, or last. Let's say a horse called Tips Galore is running in one of My Lady's Manor races. You are the winning bidder at $1000.

How does a Calcutta auction work?

A Calcutta is an auction pool conducted by an organization authorized by the department. Competitors in an event are “sold” to the highest bidder and the winner(s) of the pool of money is determined by the results of the event.

Why is it called a Calcutta auction?

The Calcutta auction originated in Calcutta (now Kolkata), India, where British colonists used the format to wager on cricket.

Why is it called a Calcutta?

Kolkata was always called Kolkata in Bengali — derived from the name of one of the three villages said to have become the modern city of Kolkata. But the British called it Calcutta.

How is a Calcutta paid?

Perhaps the simplest and most common Calcutta payout is 70 percent of the pool to the "owner" of the winning tournament team, 30 percent to the "owner" of the second-place tournament team.

Calcutta at bareback barrel race

Are Calcutta tournaments legal?

A golf Calcutta is legal in some areas but not legal in all states. If you are a tournament organizer and thinking of putting together a Calcutta event, you must first make sure that it is legal in your area.

What happens at a Calcutta?

The Calcutta commences with one ticket being drawn for each runner in the 2YO Magic Millions. If your ticket is drawn, you 'own' that horse ahead of the auction stage! All proceeds from the ticket draw go into the prize pool.

How is a Calcutta played?

In simplest terms, a golf Calcutta works like this: Golfers bid, auction-style, on the golfer or team they think will win the tournament. Usually you can bid on yourself and your team. The highest bid will win the team/golfer.

What is Calcutta best known for?

Kolkata, formerly known as Calcutta, is the educational, commercial and cultural centre of the Eastern part of India, and is the third most populous metropolitan city of India. Kolkata is a pioneer in the field of drama, arts, theatre and literature with several nobel laureates contributing to the Kolkata culture.

What is a Calcutta Sweep?

What is a calcutta? A calcutta is the same as a sweep except at the completion of the draw there is a an auction in which all ticket purchasers can bid for each participant.

Is a Calcutta gambling?

“An “auction sweepstake” or “calcutta” is a form of gambling or wagering in which the players or teams are sold by auction beforehand to the highest bidder.

Is a golf Calcutta legal?

The USGA opposes the Calcutta format, arguing it blurs the line between playing for prize money (which is illegal for amateurs) and gambling (which is allowed). If you participate in a Calcutta and are a highly competitive golfer, you're at risk of forfeiting your amateur status, according to USGA rules.

What is a Nassau in golf?

A Nassau is generally three separate bets. The front nine, the back nine and the total for the round. You can either play as a team bet or play each other individually. You set a dollar amount for the Nassau such as $1 or more. If you lose all three matches you only lose $3.

How do I run a Calcutta pool tournament?

Starting the Calcutta

Bidding starts on each player in the tournament by other players and spectators. The highest bidder wins the player and pays their bid to the Calcutta. The players bid on also have the opportunity to purchase half of their own Calcutta by paying the winning bidder half of the bid.

How does a Masters Calcutta work?

If you're unfamiliar, Masters Calcutta pools involve gamblers bidding on all golfers in the field individually. There are various payouts depending how well your players perform, with the bettor who owns the winner getting the majority of the payout (more on this later).

What is a Ranch Rodeo Calcutta?

Calcutta & Ranch Rodeo Schedule

Rodeo tickets will encompass a variety of events, including the Professional Bull Riders Rodeo and the PRCA Rodeo. PBR events run throughout the year with big rodeos held in places like Madison Square Garden and the PBR World Finals held in November at the T-Mobile Arena.

Why is Calcutta so poor?

This extreme form of poverty in Kolkata stems from several factors. The partition of Bengal in 1947 left raw material suppliers of commodities like Jute in East Bengal (now Bangladesh) and the mills in West Bengal, particularly around Kolkata which was then a flourishing port.

Is Kolkata dirty city?

Kolkata was the second most polluted metro city in India and 60th most polluted city in the world in 2021.

Why is Kolkata different?

The Partition of Bengal in 1905 sparked numerous uprisings and united all religions. After all, it was the first capital of India. Post-independence, it was the Naxalite movement and recently, the political war over Bengal seats in the Lok Sabha elections 2019, Kolkata always holds the baton of change.

What is a $2 Nassau?

A two-dollar Nassau is $2 to the winner of the front 9, $2 to the winner of the back 9, and $2 to the winner of the overall match. If someone asks on the first tee, "Who wants to go five, five, and five?", a five-dollar Nassau has just been offered.

What is the meaning of Calcutta?

British Dictionary definitions for Calcutta

Calcutta. / (kælˈkʌtə) / noun. the former official name (still widely used) of Kolkata.

What is a Calcutta in basketball?

In a Calcutta auction for the NCAA Tournament in basketball, participants bid on teams one at a time. The auctions are often semi-elaborate social gatherings, with lunch or dinner being served because the bidding on the top teams can be as competitive as the games themselves and time-consuming.

What is a Calcutta in bowling?

A Calcutta auction is an open auction held in conjunction with a golf tournament, horse race or similar contest with multiple entrants.

How does a horse race work in golf?

Golf Compendium

Derby, also called Horse Race, is the name of a golf game in which 19 golfers tee off on the first hole, then one golfer per hole is eliminated. By the 18th hole, only two golfers will be left teeing off, and the one who wins that hole wins the Horse Race, or Derby.

How can I run Calcutta in Melbourne Cup?

The Calcutta is held on the Monday evening before the Melbourne Cup. Raffle tickets are pre-sold so that people have the chance of drawing a horse and becoming a temporary owner. You do not have to attend the Calcutta to be a temporary owner, just purchase your tickets and leave them at the bar.