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Calcultta?

Discussion in 'Shooting Related Threads' started by Rich219, Apr 24, 2011.

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  1. Rich219

    Rich219 Active Member

    Joined:
    Aug 25, 2009
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    Anyone able to explain what a calcutta is?
     
  2. V10

    V10 Well-Known Member

    Joined:
    Jan 29, 1998
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    Location:
    Mojave Desert
    Shooters pay a fee to enter the Calcutta (just like any other option).

    Shooters are then auctioned, either singly or in pairs.

    Payoff is usually 40/30/20/10 percentage with the buyer getting 70% and the shooter getting 30%.

    So, if there is $10,000 in the Calcutta (buy in total + auction total) and you bought the lone high score shooter you would be paid $2,800 ($10,000 X .4 X.7). The shooter of the lone high score would be paid $1,200 ($10,000 x .4 x .3).
     
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