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Calcutta buybacks

Posted By: Roland Scheicher
Date: Monday, 15 June 2015, at 6:42 p.m.

In Response To: Calcutta buybacks (Tom Keith)

Thanks.

That's exactly the point, why I do not want to allow such a split.

If player A wants to buy back a portion of his own, he must buy a portion of the entire field. If there are three players in a field, 25% is the appropriate percentage he is entitled to. Thus after paying $ 75 to you (25% of $ 300) he will be paid 25% of the sum of the returns from the Calcutta pool for the players A, B and C.

Maybe the Calcutta returns for A, B and C are $ 0, $ 400 and $ 600. If A has exercised his right to buy back 25%, A will be paid 25 % of the sum, i.e. $ 250.

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