|March Madness Calcutta Auction Pool|
What is a March Madness Auction Pool?
The Auction Process
There are two different options:
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.
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.