Addn'l Idea for Heads Up Tourney

[Aequitas58]

Would anyone be interested in doing a calcutta?

Basically once the entries are in, the players make bets on the players who will win / get the furthest. For each player, there is betting (kind of like an auction), and the player who has the highest bid wins that player.

Let me explain, because I know some of you get this and some of you do not.

Once all the players are registered, and we have a complete field, the players can bet on other players. This process of additional betting is called a calcutta. Kind of works like horsebetting - only the horse you're betting on is a player in the tournament.

Example.
I am up for bid on the calcutta block. Chip bets $1. Shabi bets $2. TP bets $3. Betting stops.
Now, TP is the high bidder w/ $3. He has to give me the option to buy half of myself. I accept. I owe TP $1.50. Do that style betting for EACH person. Collect all the money. Let's say, for the sake of argument, that the calcutta money totals $65. If I win the tournament, not only do I win the tournament prizes (whatever they are), but I win half the calcutta money. Tp wins the other half.

Some general rules:
-You can bet on yourself.
-The high bidder must give the "horse" a chance to buy half of himself.
-Bets for each person start off at $1.
-All the money is collected BEFORE the tournament starts. If you do not get all of your calcutta money in BEFORE the tourney starts, then your calcutta bets are null and void. (BUT YOU CAN STILL PLAY IN THE TOURNAMENT.)
-Ironing out of this idea will produce more rules.

Concerns:
-This is a lot of money management. It's great fun, but it MIGHT be difficult to do this.

Thoughts?

[2Tone]

With a field this small, isn't there a good chance any individual investor could end up playing against their own horse?

[Aequitas58]

It's unlikely, unless you bid on TONS of players, BUT it certainly is within the realm of possiblility. I don't see the problem though...

Anyone else?

[Talking Poker]

We could handle all the money transfers using my "TalkingPoker" Stars account. No problem there.

How are the bid made? Publically? In one giant thread or something? Obviously this wouldn't start until after the brackets are drawn up, right?

Antoher thing would could do would be to fill out brackets, March Maddness style, with increasing points for correct answers and the rounds go on. THAT would be fun.

[Aequitas58]

1. Handling the money tranfers through your Stars account would work out. But doesn't that limit the bidders to only those w/ PStars accounts? (Even more specifically: those who have Stars acccounts w/ MONEY in them?? LOL)

2. Bids should be made publically. I was thinking that each person could have their own thread... (I know, lots of threads), OR... a certain amount of people would be assigned to each thread. This way, it should be easy to keep up w/ all the posts.

3. Thinking about this more: This is only going to be fun if we have alot of people betting on "horses." It's gonna be stupid if there are 3-4 people betting on everyone - and I feel like that's how it's going to pan out. I think we should take a general voting of who would be interested in participating (ie: wagering money!) before we work out all the specifics.

4. As far as bracket tracking (ala NCAA) I don't see how that works side-by-side w/ the calcutta. Are you suggesting an another idea, or just something to work the calcutta around?

[Zybomb]

So unless I misunderstand, there can only be 1 person who "wins" each player, thus all players would either have 0 people betting on them, or 1 person (not including themselves if they chose a 50/50 split)

The problem that may arise here is there may only be bets on 5 players for example. Say everyone thinks the same 5 players will win, so 5 people have them, and now no one wants to bet on any of the other players because they dont believe they'll take it down. At the same time they arent THAT confident in an individual player that the bidding gets extremely high, so it may leave with a very small pot and few participants.

I think a bracket style betting would be better, with increased points for each round. That way everyone can participate, the fee will be flat (whatever sounds good to the people interested) Everyone interested could fill out a bracket and any tie breakers, should there be a tie, would be determined by which bettor advanced furthest in the tournament.

Id be up for either way though

More opinions?

[Aequitas58]

I would want to do either the bracket OR the calcutta. Both seems a little crazy, especially considering this is the first tournament.

In response to Zy's comment about the people who go w/out bidders, what you do is auction off "blocks" of people. This frequently happens at pool tournaments.

Say, for example, there are 7 people who aren't bid on. Group those 7 into "one" and start the bidding. Shit, I'll throw $1 or $3 on a group like that just for odds sake. Play progresses as normal. If there is an unusual number of players who are not bid on (half or MORE than half the field) then we can group the players into 2-3 blocks, w/ 5-6 people in each.

[Penguinfan]

If nobody buys a certain player then that player owns himself for free. This rarely happens in a golf outing as you can pick up players for the minimum bid (which sometimes there is not one) at the last minute.

In a game such as this it would be nuts not to own a player for 1.00 as anyone may win this thing.

[Penguinfan]

Lou,

We posted at nearly the same time, I have seen it done that way in a pool tournament as well. I have not in a golf outing, though I don't see why it couldn't be.

[Aequitas58]

I definitely don't agree w/ this.

The calcutta is open to those people who want to participate. If someone doesn't want to participate, they don't an interest in the (calcutta) prizepool.

If there are players betting on others, and then there are a few new members who aren't bet on, they shouldn't get themselves for free. They invested no money into the calcutta pool, and IMO, they aren't deserving of everyone else's money.

It's a windfall.

Like I said, I THINK the best option is the "player block" bid situation. What do other people think about this?

Anyone else?

[Aequitas58]

Yea, I see that we overcrossed... just seems unfair to me. Golf outing is one thing... everyone knows each other, all friends (I hope - LOL), this is different. Much more like a pool hall situation.

[PShabi]

I like the calcutta and tP's ideas as well.

Basically, I'm down to gambool all my money away!!!!!

[PShabi]

Blocking the players that aren't bid on sounds reasonable.

[Talking Poker]

1. People need to have Stars accounts with money in them. It's 2005.

2. One thread. It won't be that hard to keep track because:

3. I agree with you... there's nto going to be all that much interest.

4. I was suggesting an alternative idea.

[Talking Poker]

I think the calcutta sounds cool, but the more I think about it, the more I think it might be too complicated for this first tourney. Maybe we should jsut do some nice simple brackets this time around....

[Aequitas58]

Yea, that's fine.

[BlibbityBlabbity]

So, how exactly would the brackets thing work?

[PShabi]

See, all the names get put over on the left side of the page. You are matched up with another opponent. If you win, your name moves a spot to the right.

At the end, my name is all the way over on the right by itself.

The end.

[BlibbityBlabbity]

I meant the bracket (wagering) thing TP was talking about.....I know whos name will be on the right by itself at the end....

[Talking Poker]

Everyone who wants to play will fill out the entire bracket and pay a $5 (or whatever) entry fee. You'll get one point for each correct answer in Round 1, 2 points for each correct answer in Round 2, and so on. The point values don't necessarily have to double each round, but they have to increase. The tie-breaker could be how many hands it takes for the final best of three match to play out or something like that.

It will either be winner take all or maybe a 75/25 1st/2nd split if we have enough people interested to do that.

[drewjax]

I think it all sounds good as it is now. The pool concept of the calcutta sounds cool; if even a few of us are in we can get some money/incentive for everybody in a field of 32 to win (like Aeq. said, put $2 or whatever on a group of 5 random players).
But for this first one, its summer poker madness. Should be cool. About when will we start/end would you think. Camp for high school football starts Aug. 15. I'll be busy as hell that whole week, then pretty busy til Thanksgiving.

[Talking Poker]

I'd like to kick it off on August 1st, if possible.... I'll know better in a week, but I think it's doable.

[Gordogg]

LMAO, that was good.