The performance of your asset relative to the payout schedule dictates what amount of the aggregate prize pool you’ll win.
Much like a season-long fantasy draft, you’re purchasing an asset to control for the length of a tournament or season. Sounds clinical, right? In actuality, Calcutta betting auctions are pretty straightforward. No one knows what the total pool is going to be before the bidding starts, but they do know how pool is awarded, based on a scoring matrix. The winning bids for each asset combine to make an aggregate pool for the competition. Participants compete to bid a purchase price for the asset. We’ll also disclose some of the basic strategy secrets that betting professionals have utilized in high stakes auctions like the Bet The Process podcast Calcutta auctions.Ī Calcutta betting auction is a form of pool betting where the assets are auctioned off in random order. We’ll explore what a Calcutta betting auction is, how they can be advantageous to bettors, and how to build a model to compete in one.
Perhaps you’ve heard about various Calcutta betting auctions but have been afraid to give one a try. A Calcutta auction provides bettors with the ability to gamble and match wits against their friends or peers in a challenging format. With March Madness around the corner, some of you may be gearing up for your own springtime Calcutta betting auctions.
