College Basketball Tourney Calcutta Auction Pool | ||||||||||||
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What is an Auction Pool? Get some friends and co-workers together and print a copy of our Printable 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: 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.
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