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calcutta pool

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Cal⋅cut⋅ta

[kal-kuht-uh]
–noun
1. a seaport in and the capital of West Bengal state, in E India, on the Hooghly River: former capital of British India. 7,031,382.
2. (sometimes lowercase) Also called Calcutta pool. a form of betting pool for a competition or tournament, as golf or auto racing, in which gamblers bid for participating contestants in an auction, the proceeds from which are put into a pool for distribution, according to a prearranged scale of percentages, to those who selected winners.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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