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What the heck is a Calcutta

Discussion in 'Shooting Related Threads' started by yakimaman, Jun 19, 2011.

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  1. yakimaman

    yakimaman Well-Known Member

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    Beat me for being new and ignorant but I see these "calcutta" shoots advertised and I can't find anything that really defines how it works or what it is.

    Rich
     
  2. V10

    V10 Well-Known Member

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    It's an option. Sometimes euphemistically called a "Special Event." Typically they are available on the Handicap Championship event.

    Those entered in the option are "sold" via auction (hence the name "Calcutta").

    The proceeds from the option entry and the buyers are put in a pot. The pot is then split by winning shooter (usually 40/30/20/10 percentage), and then further split between the buyer and the shooter (usually 70/30, buyer/shooter).
     
  3. goatskin

    goatskin TS Member

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    It's a betting pool.

    If you enter it, and score well, whoever 'bought' you (and you can buy yourself) will make a lot of money, and you'll get a healthy share (the percentages vary).

    Bob
     
  4. timb99

    timb99 Well-Known Member

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    Its what the British re-named the Indian city of Kolkata when they colonized India...
     
  5. daddiooo

    daddiooo TS Supporters TS Supporters

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    Saw a shooter recently win the calcutta with a 97 in handicap. Shooters take was $780, the buyer took home over $2200. Not a bad days pay for doing something you enjoy. (the buyer paid $80 for the shooter)
     
  6. wolfram

    wolfram Well-Known Member

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    The term Clacutta isn't used much anymore as the practice is of questionable legality in most states. (it is a form of gambling)

    But in the new and improved and somehow less illegal 'special event' shooters pay an extra fee to get their names thrown it to contention, usually this costs $20 and all of the shooters thus entered are auctioned off - usually the night before the big event. Depending on the size of the event and the skill of the shooters involved the pay outs can get really big. How the money is divided is spelled out prior to the auction. V10 has a typical example.

    If you are going to play, check the score board for a few mid yardage shooters that have been shooting really well and pick a couple of long yardage guys also and make a short list. Be prepared to bid high if the shooter is well known. Kind of like a horse race ....
     
  7. bluskyshooter

    bluskyshooter Active Member

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    So, if I understand this correctly - there is only 1 buyer for each shooter (ie .. the highest bidder of that shooter) ? What if no one bids on a shooter ... and this shooter wins ?
     
  8. V10

    V10 Well-Known Member

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    There is usually a "floor" that is auctioned off first. This is the level above which the first bids must be made. If no one bids on a shooter (or pair of shooters in the case of a large Calcutta) then the floor buys them for the amount of the floor bid.

    In cases where a "floor" doesn't exist, then the club is usually considered to be the buyer and gets the winning money.
     
  9. senior smoke

    senior smoke Well-Known Member

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    I usually have a lot of fun at these special events. One time, someone in club house yells out, "how about a two for, $1.00 per pound" the auctioneer scratches his head, and a guy yells out, I'll take Balistreri and Gary Ward, some other guy yells that's about $800.00. Wise A--!
    Steve Balistreri
     
  10. frostyman

    frostyman Well-Known Member

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    On some "special events", if no one buys a shooter, the shooter automatically has to buy themself for a set amount. In that case this is basically the "floor" that V10 is talking about.
     
  11. daddiooo

    daddiooo TS Supporters TS Supporters

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    In the case of a shooter who consistently excels at handicap and bidding gets over $100 sometimes you'll see 2 or 3 guys go in on a buy and split the winnings. If their shooter doesn't break the winning score you've limited your losses by spreading it over a couple of buyers.

    If no one buys a shooter, most times the entry fee is considered as a shooter buying his or her self. Somtimes depending on the house rules it may take a little more to buy yourself into the "special event"

    ie: $20 to enter the special event, if no one buys you, then it costs another $20 or $30 to buy yourself.
     
  12. Quack Shot

    Quack Shot Active Member

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    It's a special blade used to cut cals?

    Illegal in many states and localities, depending on how you do it. Just a betting/bidding pool and if nobody knows, then nobody knows. Sometimes a group of "buyers" will pool their money and buy a bunch of shooters in order to cover the field. I like bringing in an unknown talent and have him buy himself. Makes life interesting when the "buyers" don't bring in a haul. You can only do that once. Next time they are wiser.
     
  13. moore5833

    moore5833 TS Member

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    This is how the WMCC runs them. You pay a entry fee $10. You are randomly drawn with a partner-to form a team. The teams are then sold in an auction. If nobody buys your team you will be obliged to buy it yourselves(usually for $10).
    Team buyer,and team get the same payout if you win, or place in the money.
    For example: $100 for buyer-$100 for team-to split. It's fun,and a heck of alot cheaper than an ATA event. PerryM
     
  14. Joe Woods

    Joe Woods Well-Known Member

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    Calcutta, a method of creating purse . shooters contribute(entry)and buyers contribute , generally 60-40/70-30 split. Hi-Gun system varies.
    Try it/ you might like it.
    Good Luck/ Once upon a time !!!
    Joe Woods/Ontario.
     
  15. BudsterXT

    BudsterXT Member

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    LMAO again--

    Thanks Senior Smoke!

    Kenny U.
     
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