![]() This year, the pot for the Ohio Calcutta hit $130,000 with the highest priced team, the Houston Cougars, No. The auctioneer awards the team to the highest bidder, and then it’s on to the next team until all 68 are selected. There’s no fast-talking, gavel-touting barker, but the prices speed quickly past the four figures as gamblers huddle around their laptops, poring over their spreadsheets and mathematical models, spitting out price ranges for each team. The group meets virtually while an auctioneer-a friend not involved in the betting-randomly picks a team, announces their seed and starts accepting bids. It’s a genteel form of gambling practiced by well-to-do risk-takers: doctors, lawyers, and finance guys gathering in rented restaurant dining rooms, boardrooms and country clubs.įor the last nine years, Neal and his college friends hold an auction for March Madness and the Masters golf tournament in April. ![]() Which is all to say that Calcuttas are not generally happening at the local bar or among office workers. And one year the game was robbed-crooks snatched $600,000 in cash-but the organizer, a well-connected gambler, put the word out and the money was returned. According to gamblers who attended, the pot regularly hit $1 million. A legendary golf Calcutta took place for years, between the early 2000s and 2018, at a golf course on Myrtle Beach, South Carolina.
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