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American Rails» Forums » Rules

Subject: Auction A Share Action rss

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Yigit Yurt
Turkey
Istanbul
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What if a player bid amount of money that he cannot afford?
Example: Auction for Liberty.

Player A bid for $10
Player B pass (out of auction)
Player C bid for $25
Player A bid for $30
Player C bid for $35
Player A pass

So Player C had won the auction but let's say he has only $28 and his bid was a bluff. What happens in this case?

btw, maybe player A has only $20 also his $30 bid was bluff.

What happens in this case?

Thanks
 
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J C Lawrence
United States
Campbell
California
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Money is open...there are no bluff bids.
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Det var bara en hake...
Sweden
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It's a curious fact that rulebooks more often seem to spell out you can't make non-integer bids than say you can't make uncovered ones.
 
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Tim Harrison
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Cleveland
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Kaffedrake wrote:
It's a curious fact that rulebooks more often seem to spell out you can't make non-integer bids than say you can't make uncovered ones.


Interesting observation.

In the case of AR, the rules state that the winner "takes the share and pays his final bid to the treasury of the company that sold the share."

Rulebooks only need to specify what may be done. They do not need to specify what many not be done. Since it does not specify that you can at any time pay less than your final bid, it seems reasonable to me to conclude that you cannot bid less than you can pay. I'll keep your observation in mind though when I write rulebooks in the future.
 
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John Van Wagoner
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Bluffton
South Carolina
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we play:
- you do not have to keep your money "open" (you may stack it if you want)
- BUT, you may not bid more than you can pay
- we also play (and I assume this is ok) that after the opening $10 bid you may start bidding by any denomination you want...open for $10, next player $11, then $12, then maybe $15, etc.)
 
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