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smitty919
11-01-2006, 09:13 PM
what does calcutta mean:confused:
corona jim
11-01-2006, 09:32 PM
Side Betting
Game On
11-01-2006, 09:33 PM
Well according to Webster's Dictionary

Calcutta

Function: geographical name
city & port E India on the Hugli capital of West Bengal population 4,580,544
Game On
11-01-2006, 09:41 PM
Just kidding about the Webster thing but it is true.

This is where it comes from:

"Calcutta: (colloq.) A pari-mutuel gambling arrangement
in which odds are established by having bettors bid for the
chance to win a pool should their selected player win the
tournament. After deduction of a percentage for the promot-
er, the pool is awarded to the bettors choosing the eventual
top finishers. During the selection phase prior to the tour-
nament, as each player's name comes up it is assigned to the
highest bidder."

"In most [U.S.] states, a Calcutta is illegal as a form
of lottery or game of chance. This does little to diminish
its popularity, however, since the authorities appear to take
no interest in the practice. The Calcutta is the modern de-
scendant of 'pool selling,' a notorious form of public bet-
ting at billiard matches during the last half of the nine-
teenth century."
TTT-TBONE
11-01-2006, 09:54 PM
what does calcutta mean:confused:

Smitty,

Most tournaments have the regular entry fee, and then have side calcutta's (bets) for the biggest fish. There can be daily calcutta's and also the overall calcutta. What's nice about the calcuttas is that alot of times they are 100% payout (all monies go to the winners and not to the marina).

Hope this helps.

TBone
pelagic2530
11-01-2006, 10:02 PM
side bets that can really make the tourney.... if you do it right, thats where the money is:)

also a type of shimano levelwind.... really nice reels;)
TTT-TBONE
11-01-2006, 10:09 PM
side bets that can really make the tourney.... if you do it right, thats where the money is:)

also a type of shimano levelwind.... really nice reels;)

Pelagic...you said it. Our boat "Low Bid" won the overall calcutta this past weekend in the Utshes tourney....Paid out more than if we won the tourny!:D :D :D
smitty919
11-01-2006, 11:15 PM
got it thanks guys:)