Matches in DBpedia 2015-10 for { <http://dbpedia.org/resource/Calcutta_auction> ?p ?o }
Showing triples 1 to 44 of
44
with 100 triples per page.
- Calcutta_auction abstract "A Calcutta auction is an open auction held in conjunction with a golf tournament, horse race or similar contest with multiple entrants. It is popular in backgammon, the Melbourne Cup, and college basketball pools during March Madness(originally in Calcutta, India, from where this technique was first recorded by the Colonial British) bid among themselves to "buy" each of the contestants, with each contestant being assigned to the highest bidder. The contestant will then pay out to the owner a predetermined proportion of the pool depending on how it performs in the tournament. While variations in payoff schedules exist, in an NCAA Basketball tournament (64 teams, single elimination) the payoffs could be: 1 win - 0.25%, 2 wins - 2%, 3 wins - 4%, 4 wins - 8%, 5 wins - 16%, tournament winner with 6 wins - 32%.The precise rules of a Calcutta can vary from place to place; many tournament organizers employ software programs that apply odds and determine win-place-show amounts. Perhaps the simplest and most common Calcutta payout is 70 percent of the pool to the "owner" of the winning tournament team, 30 percent to the "owner" of the second-place tournament team.An interesting element of Calcutta auctions is in determining an appropriate wager for each contestant, as the payoff will directly hinge on the size of the pot and thereby the size of the bids being placed. Thus the value of each team fluctuates during the course of the betting. For example, even if a bidder knew the University of North Carolina would be the tournament winner and thus pay out 32% of the pool, she would still be unsure of the exact value of the team (unless it was the last team being bid on) since the payout depends on the sum total of all winning bids, i.e. the final size of the pool.Another typical variation in NCAA Calcutta auctions is the bundling and auctioning off as a block the lowest seeded teams in each region, called the "Dogs". For example, the 16th to 13th seeded teams from the Midwest Region would be bid upon as a bundle named the "Dogs of the Midwest". The winning bidder would own all 4 teams and usually recoups his or her investment if one or two of the Dogs wins an upset.This is similar to parimutuel betting, in that the winnings are awarded from the total pool of bets, but differs in that only one player can bet on any one contestant. However, a player may purchase as many contestants as they desire.One variation that has grown as the Calcutta auction is used more in conjunction with March Madness involves auctioning teams off in the reverse order of their seeds instead of random order. As bidding evolves, this aids bidders in estimating the final pot size since the heavily favored teams that command the highest bids are auctioned at the end, thereby limiting the risk on the larger bets.".
- Calcutta_auction wikiPageID "65572".
- Calcutta_auction wikiPageLength "3417".
- Calcutta_auction wikiPageOutDegree "14".
- Calcutta_auction wikiPageRevisionID "665078108".
- Calcutta_auction wikiPageWikiLink Auction.
- Calcutta_auction wikiPageWikiLink Backgammon.
- Calcutta_auction wikiPageWikiLink British_Empire.
- Calcutta_auction wikiPageWikiLink Calcutta.
- Calcutta_auction wikiPageWikiLink Category:Auctioneering.
- Calcutta_auction wikiPageWikiLink Category:Backgammon.
- Calcutta_auction wikiPageWikiLink Category:Wagering.
- Calcutta_auction wikiPageWikiLink College_basketball.
- Calcutta_auction wikiPageWikiLink Golf.
- Calcutta_auction wikiPageWikiLink Horse_race.
- Calcutta_auction wikiPageWikiLink Horse_racing.
- Calcutta_auction wikiPageWikiLink Kolkata.
- Calcutta_auction wikiPageWikiLink Melbourne_Cup.
- Calcutta_auction wikiPageWikiLink NCAA_Mens_Division_I_Basketball_Championship.
- Calcutta_auction wikiPageWikiLink North_Carolina_Tar_Heels_mens_basketball.
- Calcutta_auction wikiPageWikiLink Parimutuel_betting.
- Calcutta_auction wikiPageWikiLinkText "Calcutta auction".
- Calcutta_auction wikiPageWikiLinkText "Calcutta".
- Calcutta_auction wikiPageWikiLinkText "calcutta".
- Calcutta_auction hasPhotoCollection Calcutta_auction.
- Calcutta_auction wikiPageUsesTemplate Template:Refimprove.
- Calcutta_auction wikiPageUsesTemplate Template:Reflist.
- Calcutta_auction subject Category:Auctioneering.
- Calcutta_auction subject Category:Backgammon.
- Calcutta_auction subject Category:Wagering.
- Calcutta_auction hypernym Auction.
- Calcutta_auction type Agent.
- Calcutta_auction type Article.
- Calcutta_auction type Model.
- Calcutta_auction type Article.
- Calcutta_auction type Model.
- Calcutta_auction comment "A Calcutta auction is an open auction held in conjunction with a golf tournament, horse race or similar contest with multiple entrants. It is popular in backgammon, the Melbourne Cup, and college basketball pools during March Madness(originally in Calcutta, India, from where this technique was first recorded by the Colonial British) bid among themselves to "buy" each of the contestants, with each contestant being assigned to the highest bidder.".
- Calcutta_auction label "Calcutta auction".
- Calcutta_auction sameAs Calcutta-Auktion.
- Calcutta_auction sameAs m.0hdjc.
- Calcutta_auction sameAs Q1026385.
- Calcutta_auction sameAs Q1026385.
- Calcutta_auction wasDerivedFrom Calcutta_auction?oldid=665078108.
- Calcutta_auction isPrimaryTopicOf Calcutta_auction.