Tourney Calcutta LLB for Saturday (1 Viewer)

[WedgeRock]

@Azcat and I talked about it for all the FNC guys playing this weekend. 70% to the owner, 30% to the player.

@mike32, @detroitdad are you guys in?

 

[mike32]

I don't think I understand this? Staking?

I'm not playing by the way, son's hs graduation.

 

[detroitdad]

70/30 of just the LLB?

 

[WedgeRock]

I'm still about 60/40 to play, @mike32... Just gotta get my honey-do list done. @Marc Hedrick will be there, right?

@detroitdad, every FNC player is auctioned off. If I bet $35 on you to last longest, and no one outbids me, I own you. Same for every FNCer playing. You can bid on yourself. All bids get aggregated to make up the prize pool. Whoever lasts longest gets 30% of that pool and the owner gets 70%.

https://en.m.wikipedia.org/wiki/Calcutta_auction

 

[detroitdad]

I'm still about 60/40 to play, @mike32... Just gotta get my honey-do list done. @Marc Hedrick will be there, right?

@detroitdad, every FNC player is auctioned off. If I bet $35 on you to last longest, and no one outbids me, I own you. Same for every FNCer playing. You can bid on yourself. All bids get aggregated to make up the prize pool. Whoever lasts longest gets 30% of that pool and the owner gets 70%.

https://en.m.wikipedia.org/wiki/Calcutta_auction

gotcha. I was confused. Remember, that happens easily. I was just talking with Jason today about a current LLB with 10 of us. I thought you were talking the same thing but with split payouts.

I would be interested in what your suggesting. How would we run the bidding?

 

[WedgeRock]

J and I talked about meeting somewhere beforehand. Shouldn't take long to auction off action on a dozen guys... could even do it at Terry's...

 

[detroitdad]

I'll be out. I highly doubt I will be early. As a matter of fact I might be a little bit late.

 

[WedgeRock]

We could do it online Friday night by group text...

 

[David O]

Not in this but we hold a large Calcutta for a bird shoot every year. Thousands of dollars pass hands every year.

The way ours is held is you go an auction like bid. Once the winner of each player is finalized the player that was purchased had the option to buy 50% of himself.

 

[WedgeRock]

Once the winner of each player is finalized the player that was purchased had the option to buy 50% of himself.

Nice. I like that option.

 

[David O]

Nice. I like that option.

Yes, that way he has skin in the game rather than him just winning money with no investment.

 

[WedgeRock]

So the owner gets 100%, but the player gets the option to buy back 50%?

I own @detroitdad for $35 and if he wins (or LLs), I win the whole prize pool. But before play starts, he has the option to buy back 50% of himself. He pays me $17.50 and if he wins/LLs, we split the prize pool?

 

[detroitdad]

I like that. We could always start the bidding tonight/ tomorrow morning via email?

 

[WedgeRock]

I'm down with that too.

I thought Az would get things rolling, send out an email, etc. so everyone was on the same page for a Calcutta instead of a traditional LLB. But I haven't seen anything, which is why I mentioned it here.

I know Chris S. would be down with it, as they used to do it for the Championship at the old Jokers league.

 

[bonesnjnts]

@Azcat and I talked about it for all the FNC guys playing this weekend. 70% to the owner, 30% to the player.

@mike32, @detroitdad are you guys in?

is there a tournament somewhere here in michigan?
or am i confused?

 

[detroitdad]

is there a tournament somewhere here in michigan?
or am i confused?

Yes and Yes

 

[David O]

So the owner gets 100%, but the player gets the option to buy back 50%?

I own @detroitdad for $35 and if he wins (or LLs), I win the whole prize pool. But before play starts, he has the option to buy back 50% of himself. He pays me $17.50 and if he wins/LLs, we split the prize pool?

Yes. He had to declare that night. The night of the Calcutta. Not sure how many places you are paying for the Calcutta but it works the same for each place. You buy a player for $100. You pay 50 and he pays 50 if he does not buy himself at the time of the Calcutta he cannot buy himself later.

 

[bonesnjnts]

Yes and Yes

I guess that's a tell

 

[detroitdad]

I guess that's a tell

Lol. Two different leagues are merging for this event. You had to be a active member to get an invite. At least that was my understanding

 

[WedgeRock]

Lol. Two different leagues are merging for this event. You had to be a active member to get an invite. At least that was my understanding

How'd you get an invite then? You're not a regular in either league...

 

[detroitdad]

How'd you get an invite then? You're not a regular in either league...

My charming personality and I said "active", not regular.

 

[WedgeRock]

My charming personality

If that's what you want to believe, fish... I mean "Bill"...