March Madness Calcutta Auction Pool


What is a March Madness Auction Pool?
As the name suggests, you will be auctioning off the teams in the tournament. The participant with the highest bid will receive the team for the entire duration of the tournament. Before we get into the rules, we always recommend checking your local, state, and provincial laws before wagering money on office pools.


Get some friends and co-workers together and print a copy of our Printable March Madness Bracket. This pool can be ran with as few or as many participants as you wish, but we recommend anywhere between 8 and 16 people.

 

The Auction Process

There are two different options:
The first is to have all participants start with a set dollar amount. The second is to let everyone bring as much money was they want and bid as much as they want.

 

You also have the option to group the 13,14,15, and 16 seeds in each region and auction them off as a package deal or auction each team individually.

 

Randomly select each team that will be auctioned off. There is no limit to the number of teams a person can purchase. Auction off each team, having the winning bidder put the corresponding amount of money into the pot. Write each persons name/initials on the bracket beside each team that they win.

 

If your pool is using the "set dollar amount" option, all money not spent must be added to the prize pool.

 

Payout Structure

The payouts are structured so that every winning team receives a portion of the prize pool. In the table below, teams that win ONLY one game would split 2% of the total pool, teams that win ONLY 2 games will split 3% and so on.

1 Win
2 Wins
3 Wins
4 Wins
5 Wins
6 Wins
2%
3%
10%
15%
25%
45%