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Pescador
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11th Annual San Lucas Cove Yellowtail Tournament
11th Annual San Lucas Cove Yellowtail Tournament
May 25, 2014
1. Entry Fee: $500 pesos
2. Captains meeting at the Bahia Restaurant at San Lucas Cove Trailer Park on Saturday evening, 5 PM. There will be a cash bar for those who are
interested.
3. Pre-registration is allowed for those who are unable to make the Captain’s Meeting.
4. Award dinner Sunday, May 25th, __5:00_____p.m. at La Bahia Restaurant, San Lucas Cove Trailer Park. Fish Dinner will be included with entry fee.
Additional tickets may be purchased.
5. All persons must have a current fishing license and present license at registration
6. Boats may begin fishing from their home port but must bring fish to the official weigh in site which will be at the fish cleaning station at San
Lucas Cove Trailer Park.
7. Winners will be declared by weight. A tie will be settled by length.
8. There will be a Calcutta auction for boat teams and will be held at the Captain’s Meeting in San Lucas Cove. Pre-registration entrants may make a
bid for a boat but may be outbid on the day of the auction.
9. Channel 74 will be the official VHF radio channel for the tournament.
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durrelllrobert
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Calcutta auction?
I had to Google that:
A Calcutta auction (also known simply as a "Calcutta") [1] is an open auction held in conjunction with a golf tournament,[2] horse race or similar
contest with multiple entrants. It is popular in backgammon, the Melbourne Cup, and college basketball pools during March Madness[3] (originally in
Calcutta, India, from where this technique was first recorded by the Colonial British) bid among themselves to "buy" each of the contestants, with
each contestant being assigned to the highest bidder. The contestant will then pay out to the owner a predetermined proportion of the pool depending
on how it performs in the tournament. While variations in payoff schedules exist, in an NCAA Basketball tournament (64 teams, single elimination) the
payoffs could resemble the following schedule: 1 win - 0.25%, 2 wins - 2%, 3 wins - 4%, 4 wins - 8%, 5 wins - 16%, tournament winner with 6 wins -
32%.
The precise rules of a Calcutta can vary from place to place; many tournament organizers employ software programs that apply odds and determine
win-place-show amounts. Perhaps the simplest and most common Calcutta payout is 70 percent of the pool to the "owner" of the winning tournament team,
30 percent to the "owner" of the second-place tournament team.
An interesting element of Calcutta auctions is in determining an appropriate wager for each contestant, as the payoff will directly hinge on the size
of the pot and thereby the size of the bids being placed. Thus the value of each team fluctuates during the course of the betting. For example, even
if a bidder knew the University of North Carolina would be the tournament winner and thus pay out 32% of the pool, she would still be unsure of the
exact value of the team (unless it was the last team being bid on) since the payout depends on the sum total of all winning bids, i.e. the final size
of the pool.
Another typical variation in NCAA Calcutta auctions is the bundling and auctioning off as a block the lowest seeded teams in each region, called the
"Dogs". For example, the 16th to 13th seeded teams from the Midwest Region would be bid upon as a bundle named the "Dogs of the Midwest". The winning
bidder would own all 4 teams and usually recoups his or her investment if one or two of the Dogs wins an upset.
There are two important steps in determining how much we are willing to pay for a team in Calcutta-style pools:
1. Determine what % of the total pot we are willing to pay for a contestant.
2. Convert this % into an actual dollar amount.
This process produces a “fair value” of the team. With this information in hand, you can objectively determine which teams are under-valued (i.e. they
are bid below fair value) and attempt to purchase them.[4]
This is similar to parimutuel betting, in that the winnings are awarded from the total pool of bets, but differs in that only one player can bet on
any one contestant. However, a player may purchase as many contestants as they desire.
One variation that has grown as the Calcutta Auction is used more in conjunction with March Madness involves bidding on teams in the reverse order of
their seeds instead of random order. As bidding evolves, this aids bidders in estimating the final pot size since the heavily favored teams that
command the highest bids are auctioned at the end, thereby limiting the risk on the larger bets.
 still don't understand it
Bob Durrell
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Pescador
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Calcutta auctions are very popular in our area and give the fishing group as well as the non fishing group a chance to "get in on the action" so to
speak. This year I am the "auctioneer" at three of the local tournaments, The Bulls Only Punta Chivato Tournament (where I am also the MC), San Lucas
Cove, and the Santa Rosalia Dorado Tournament.
At San Lucas Cove, we put all monies into the prize pot and last year the payoff was $19,450 pesos for the owner of the first place boat. Santa
Rosalia paid off over $25,000 pesos for the Calcutta winner, and Punta Chivato paid way over that.
We have an auction where people can bid on the boat that they think will win. If they have the high bid, then they "own" that boat. If that boat
wins 1st place in the tournament, then the "owner" gets the Calcutta Prize money.
People usually have a good idea of who might be a potential winner and those boats usually go for a much higher price than the other boats.
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chuckie
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Can entries be retroactrive? I cant be there but just before I left I caught a
48 pounder....
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Skipjack Joe
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Somebody needs to submit one of those 50lbers from Asuncion.
Not that difficult really. You go out with it in the boat in the morning of the tournament and come back with same fish and have it weighed. Voila
..... we have a winner.
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Pescador
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Sorry Joe, I already have a 59.6 in the freezer for just those occassions that came off of San Marcos Island. Now let me see gas from Asuncion for at
least two round trips, fishing that has died over there with the spring coldies, guide fee to have Juan put you on the big fish, and somehow I don't
think I have to worry too much about that happening. 
[Edited on 4-28-2014 by Pescador]
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chuckie
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BOOOOOOOOO!
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Pescador
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Chuckle, We can consider you for a special senior citizen award.
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chuckie
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OOOoooooooooooh That was cold.....seeya in January...
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yellowklr
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just became available that week
anyone need another angler?
Derek
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Pescador
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| Quote: | Originally posted by yellowklr
just became available that week
anyone need another angler? |
Now I am cracked. I was going to fish but not if yellowklr is fishing. This would be the boat to buy in the calcutta.
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yellowklr
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| Quote: | Originally posted by Pescador
| Quote: | Originally posted by yellowklr
just became available that week
anyone need another angler? |
Now I am cracked. I was going to fish but not if yellowklr is fishing. This would be the boat to buy in the calcutta. |
Would be awesome to fish the Touney and spend some time down there!!!!
Hope it works
Derek
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aguachico
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| Quote: | Originally posted by Pescador
| Quote: | Originally posted by yellowklr
just became available that week
anyone need another angler? |
Now I am cracked. I was going to fish but not if yellowklr is fishing. This would be the boat to buy in the calcutta. |
Ya I was thinking the same thing. ringer ringer.
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mulegejim
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What are the tournament weigh in times?
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Pescador
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I will shut down the scales at 4pm so that I have time to compute everything before the dinner which starts at 5. I will probably open the scales
around 10.
We do have some Mulege guys signed up.
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mulegejim
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| Quote: | Originally posted by Pescador
I will shut down the scales at 4pm so that I have time to compute everything before the dinner which starts at 5. I will probably open the scales
around 10.
We do have some Mulege guys signed up. |
Thanks Jim, will most likely enter. I'll get the word out here in Mulege again. Should be fun.
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Pescador
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We had a fantastic tournament at San Lucas Cove this year. Conapesca helped with prize money and the running of the tournament and it is a really
professional group of people. Special thanks to Chuy Dominguez of San Bruno for getting his end organized and working.
First Place went to Lorenzo Antonio Ruiz with a 38 pound yellowtail, Second place to Clint Sigman (who came up from Peru) with a 30.7, and Emmanuel
Romer (elementary school teacher) with 29.5.
The Calcutta auction was a real success and paid $2000 dollars to the winner, for buying the winning boat for $1,000 pesos.
Pictures can be seen on facebook at Sepesca-Fonmar, Mulege.
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chuckie
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GREAT!!!! Sorry I missed it...Next year for sure.....stay well
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Hook
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Many people don't do Faceplant.
Come on, Pescador, rip some pics from the site for us!
Was the winning fish from the SM seamounts, Tortuga or ??????????
[Edited on 5-27-2014 by Hook]
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Pescador
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| Quote: | Originally posted by Hook
Many people don't do Faceplant.
Come on, Pescador, rip some pics from the site for us!
Was the winning fish from the SM seamounts, Tortuga or ??????????
[Edited on 5-27-2014 by Hook] |
I was not, God Forbid, suggesting that people sign up on Facebook. But, I do know for a fact that the Government sportfishing department is making a
big prescence on Facebook and if you would like to get an idea of what is going on in the mindset of sportfishing from the Government perspective in
Baja California, you would do well to perhaps check out Facebook on Sepesca-Fonmar, Mulege. Because I was so busy with directing the tournament, I
never did pick up a camera. We were lucky to have Rene Olinger do a very professional job of shooting pictures and getting a real feel of what went
on at the tournament.
In addition you can check out pics and current tourneys at
http://www.serialsepesca.com . I think this is really important for the sportfishing community to have some tie in with the Pesca government
officials and we may see some major things happening.
I sense a real attitude change that is aware of a lot of the problems we face as commercial overfishing has had a detrimental effect on the fishing in
the Sea of Cortez. Because I sense this attitude change I have committed to working with them on 5 or 6 tournaments this year, and with that kind of
time commitment, I doubt that I will be copying pictures from facebook or Serialsepesca web site and posting them here.
The first, second, and third place fish all came from the "110" area which is the most famous fishing spot on the north end of San Marcos Island. In
fact, the first four places came from there and only place number 5 came from Tortuga. Normally the bigger fish are not caught at Tortuga.
[Edited on 5-30-2014 by Pescador]
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