A Calcutta is essentially an auction where teams (or individual players) are “sold” to the highest bidder before or during a tournament. The money raised from this auction goes into a prize pool, which is then paid out to the owners of the top-performing teams—usually a percentage of the pot based on how well their team finishes.
This format adds a twist to the tournament, encourages friendly competition, and effectively raises significant funds for a cause.
How It Works (Step-by-Step)
1. Auction Setup
- Each team (or golfer) is introduced, and a bidding war begins.
- Participants bid on the team they think will win or place highly in the tournament.
- The highest bidder becomes the “owner” of that team for the duration of the event.
2. Prize Pool Creation
- All money from the auction goes into a pot.
- A portion (e.g., 25–50%) can be retained for the charity; the rest is paid out as prize money.
3. Tournament Play
- Teams compete in the tournament as usual.
- Final standings determine which bidders win portions of the prize pool.
Payout
1. The Bidder (Team Owner in the Auction)
They win a portion of the Calcutta prize pool if their team places high enough (1st, 2nd, 3rd).
Pay out 60% to the winners
- 1st place: Their owner gets 50%
- 2nd place: Their owner gets 30%
- 3rd place: Their owner gets 20%
2. The Team (Golfers)
- Doesn’t automatically get a share unless:
- They bought themselves in the auction
- They made a deal with the winning bidder ahead of time
3. The Charities
Common Side Deals
These are informal agreements between the bidder and the team. For example:
- 50/50 Split: The bidder and the team agree to split any winnings.
- 75/25 Split: Bidder keeps 75%, team gets 25%.
- Team Buys Themselves: If a team thinks they’ll win, they might bid on themselves.
Example:
- Team Birdie Bros is bought by Tom Garcia for $1,500.
- They come in 2nd, earning Tom a $1,800 payout.
- Tom had a prearranged deal with the team to split winnings 50/50.
- So: Tom keeps $900, and Team Birdie Bros splits $900 among its players
Have more questions, please email us at info@charityunite.org