A wager, typically in support of one team to win a tournament. In a Calcutta golfers bid, auction style, on the team (or golfer) who they think will win the tournament (you can bid on your own team or yourself). All the money raised through the auction goes into an auction pool. At the end of the tournament, those who bet on the winning team (or golfer) that won the tournament receives a predetermined payout from the auction pool.
« Back to Glossary IndexCalcutta
« Back to Glossary Index