How to Use the Calcutta Auction Value Calculator

Transcript

1. Open the Calcutta workspace and confirm the loaded event: Go to the Calcutta Value Calculator workspace. For this walkthrough, use the Event selector set to 2026 March Madness Tournament so the demo teams and probabilities match the guide.
2. Set your estimated pot size before bidding starts: In Auction controls, enter the pot size you expect your room to reach. BettorEdge uses this number to calculate each team's expected price before live auction results create a stronger forecast.
3. Review or edit the payout ladder so it totals 100%: Use the Payouts per round section to enter each round's percentage of the pot. The total should equal 100%. The workspace also shows payout per round and payout per team so you can sanity-check the structure before the auction begins.
4. Use the live auction snapshot to monitor the room: Watch the Estimated Pot, Forecasted Pot, Total Sold, and Teams Sold cards as the board fills in. The Teams Left panels help you quickly see how much high-seed and region-specific inventory is still available.
5. Understand how the March Madness probability model works: For the 2026 March Madness demo, BettorEdge treats first-game win and championship win as the direct inputs. The middle rounds are derived automatically so you can model team value faster without manually filling every round.
6. Enter buyer names and sold prices on the auction board: In the Auction board table, assign a buyer, enter the sold price, and update any probabilities you want to change from the loaded demo values. This is the main working area during a live Calcutta auction.
7. Compare value share, expected price, and ROI for each team: Use the Value share, Expected price estimated, Expected price forecast, Forecasted ROI, and Implied pot columns to judge whether a team is overpriced or underpriced relative to BettorEdge's model.
8. Filter, export, or import the board as needed: Use Region filters to isolate part of the bracket, Export teams to download the auction board as CSV, or Import teams to continue from an existing board. This is especially useful if you are hosting the auction or want a shareable backup.
9. Use Player Summary to track spend by buyer: Once teams start selling, the Player Summary section shows how many teams each buyer has purchased, how much they have spent, and how their spend breaks down across seed ranges. This helps you understand room behavior and remaining buying power.
10. Save a snapshot or reset the board when you want a fresh model: Use Save snapshot to keep your local board state in the browser and Reset board when you want to clear the current auction setup while staying in the same event template.