The exact origin of the Calcutta is not known, but it probably derives from a wagering system devised by British army officers in India to add a little spice to local sports events. As far as American golf goes, a Calcutta pool was first conducted along the eastern seaboard in 1914. Briefly, in a Calcutta the competing players—or in a four-ball event, the competing teams—are auctioned off to the highest bidders. The players with the best chance of winning naturally go for the highest prices. In order to auction off all the competitors, those who are least likely to succeed are often lumped together in a field; if any one of them wins, the holder of the ticket on the field wins the Calcutta. In a $100,000 Calcutta, this might amount to $40,000 since the winner usually receives about 40% of the total pool—the sum of the various amounts paid for the various players. Second place might pay 20%, third and fourth places 10%, with the remaining 20% going in various slices to the club, a charity sometimes and to cover the cost of operating the Calcutta.