Quote:
Originally Posted by scottc25
The member/guest I am playing this week has a calcutta. You can purchase your own team for $380. If you don't buy your own team it goes to auction with bids starting at $250.
My question is what is the etiquette on this. Are you obligated to purchase your own team? They did say that whoever purchases your team is not obligated to sell back any % of your action.
Just wondering since I have never played in a calcutta before. I will say that neither my partner or myself are really willing (or really rich enough) to pony up $380 for our own action. I would be willing to buy back $100 worth, tops.
It depends upon how sporty the players are. I assume that either you or your partner has some idea about how this has gone in the past. If an initial event, calcuttas at the club generally?
I would consider buying my own team and offering to sell half for $200 or more if the market is likely to bear it--especially if there are a lot of gamblers entered. That is assuming you have a chance to cash. If you don't think you will, then let them auction you off. You can always bid there if you decide you like the price. What happens if nobody bids on a team at $250? Do they lower the asking price? Or???
ETA: Regarding ettiquette, the only issues I have seen arise are when auction winners don't allow a team to buy half of themselves. That wouldn't seem to be an issue here since everyone has a chance to buy themselves prior to auction.