![]() ![]() If the auction is in person, it can be fun to write each team on a slip of paper and draw it out of a hat. First of all, be sure to determine and make clear to all involved the payout percentages - more on that down below. ![]() ![]() Setting up a Calcutta auction for March Madness can be complicated, especially if you have never participated in one before. How To Set Up a Calcutta Auction For March Madness With each win that team picks up throughout the tournament, the highest bidder’s portion of the pot grows. The highest bidder for each team reaps the accomplishments of that team for the duration of the tournament. How Does a March Madness Calcutta Auction Work?įor March Madness Calcutta auctions, each team is auctioned off in a randomized order. In a golf tournament, it may be depending on finishing position, while for March Madness teams typically earn a portion of the total pot for each win as they progress through the rounds. As the tournament goes on, a portion of the pot goes to each team/player for any pre-arranged accomplishments. A Calcutta auction is a type of group betting that is growing in popularity especially around March Madness, though it can be adapted for almost any tournament (or even a full season if you want to get creative).Įssentially, a Calcutta auction is an auction among a group of people where teams, players, etc. ![]()
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February 2023
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