Talk:Calcutta auction

Gambling Low‑importance

This article is within the scope of WikiProject Gambling, a collaborative effort to improve the coverage of Gambling on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.GamblingWikipedia:WikiProject GamblingTemplate:WikiProject GamblingGambling articles

Low

This article has been rated as Low-importance on the project's importance scale.

An editor has requested that an image or photograph be added to this article.

WikiProject Gambling To-do:

Current collaborations:

Improve an article to FA

Improve an article to A

Help with the Gambling articles needing attention.
Tag the talk pages of Gambling-related articles with the {{WikiProject Gambling}} banner.
The link to the Missouri gambling site is now out of date and needs to be updated.
Japan section reads as though it was written by the gambling industry - quotes of 160% returns are 'citation needed'.

Opening comment[edit]

Interested in the term Calcutta gambling. Originated in Calcutta, india by the british but I don't know what they were gambling on?

A Calcutta auction refers to a type of auction where bettors bet on who they think will win the tournament (you can bid on yourself or your own team, too). All the money raised through the "auction" goes into the pot. At the end of the tournament, those who "won" the team that then won the tournament get a pre-determined payout from the auction pool. This is a popular form of gambling.. (Nwmedia (talk) 14:43, 24 May 2012 (UTC)[reply]