[Davey]

Bk went out on the bubble.


The term "Calcutta" describes a type of auction-pool wagering that can be applied to golf and many other sporting events. In golf, a Calcutta is most common at a tournament featuring 4-person teams, but a Calcutta can be held in conjunction with any type of golf tournament.

In a Calcutta, golfers bid, auction style, on the golfer or team 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.

Stole that from the NVG thread. more info in there.