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Guest
Guest
That's a good rule. The only time I've seen a team shutout from not buying part of themselves was a team of known sandbaggers. I think about 8 guys pooled their money to shut them out of owning themselves and wouldn't sell a piece back.ours is mandatory. if you want half of your team, they've got to sell it to you. I hope ours doesn't get any bigger. we already have a member's friend who's a cop escort the money back to someone's house with a safe. we have it on club property, but club is not involved outside of that.Pretty sure the biggest altercations during club play is due to Calcutta. There was a super high end club around here that had a near 7 figure calcutta. It's split all up like flights so not sure what the total payout is on each.There were 48 teams broken down into 8 flights of six teams each. Flight A contained the six teams with the lowest combined indexes; flight B contained teams 7-12 etc.its an auction where anyone has the chance to bid on teams. you usually have the opportunity to buy back half of your own team.Just curious as someone who knows very little about golf or wagers: what does Calcutta money mean?![]()
The night before the first match, each team was auctioned to the highest bidder. If you didn't buy your team at the auction, you were allowed to buy half from the succesful bidder. 85% of the money stayed in the respective flight (75% to 1st and 25% to second) and 15% went to the shootout pool. The winners of each flight competed for the shootout pool after the matches were completed.
Total size of the pool was ~$150k.
One guy wanted to buy his team, but someone bid him up to insane levels, talking like 100k for the team. srs.
Before the tourney the team wanted to buy half the team and the guy says no. It's not mandatory, but always a courtesy that is usually extended.
Well on the back nine of the tourney they were up by enough that it was over and he starts calling the guy. He still says no.
Owner drives up to the tourney and watched the team go ocho ocho ocho to finish out what would have been a half mil payday go to zero. And a bag of golf clubs ended up in one of the dude's windshields, but not sure whose.
And thus ended the fun for everyone.
I did have a former boss buy our team and refuse to sell us back a share at a different tournament. We didn't tank the next day, but I didn't feel bad about finishing out of the money.
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soooo awesome.
going on.