The Calcutta will have 2 rounds. We will make available to you a Round 1 and Round 2 worksheet at the check in at Calcutta.
In Round 1 you decide who you think will win or place in the top 4 and you can decide how many shares of that person or persons you want to buy. Each share costs $50.00. You can buy as many shares as you want or you can choose not to participate at all. You can buy yourself or not. You can buy as many shares in as many people as you want. Let’s assume you think Jeff Tompkins will win. (I know that would never happen but let’s just assume anyway). You buy 3 shares in Jeff for $150.00 ($50 X 3). Other people also buy shares in Jeff. At the end of Calcutta there are a total of 10 shares that were purchased in Jeff by 4 people. Let’s assume all shares purchased in all players totals $10,000 at the end of Calcutta. If Jeff wins the tournament, all 4 of the shareholders who purchased Jeff will share 50% of the purse. That’s the percentage that 1st place has always won. 50% or in this case is $5000 equals a total adjusted share price of $500 ($5000 divided by 10). If you purchased 3 shares in Jeff you win $1500.00 ($500 X 3). That’s yours to keep; you don’t share your winnings with anyone. In this case if Jeff did not buy a share in himself, he wins nothing. If by chance you buy one share in yourself, and no one else buys any share in you, and you win the tournament, then you win $5000. You share that with no one. By the same token, if you win the tournament and did not buy any shares of yourself, then you win no part of the Calcutta pot.
Round 2 is restricted to buying additional shares in yourself and one other person. This gives you the opportunity to potentially make sure you own one-half of yourself if desirable. You can also buy additional shares in one other person. This allows you to buy shares in someone who had few or no shares purchased in him in Round 1 or anyone else if desirable.
Each of the top four winners will be treated the same as before under the above instructions. 2nd place wins 30% of the Calcutta pot, 3rd place wins 15% and 4th place wins 5%. Let’s assume Aaron Flowe wins 4th place. Five people bought a total of 8 shares in Aaron. 5% of the pot is $500. Each share therefore is worth $62.50 ($500 divided by 8). If you purchased 4 of those 8 shares then you win $250.00. In this case you would have paid $200.00 to buy the 4 shares and you win $250.00
Click here to see the initial Calcutta shares.