Glossary of Terms

hole in one insurance


Auxiliary Prizes
These are add on prizes that are given away if anyone makes a hole in one on a par three that is not the main insured hole. For example: A group insures hole number 16 (a par 3) for $10,000 hole in one. SOmeone in the group makes a hole in one on hole number 13 (another par 3). That person would receive an Auxiliary Prize for the hole in one.

Basketball Contest
A member from the audience is picked and attempts either a half court shot or a skill series of shots to try and win the main prize. These Basketball Contests are usually held at halftime.

Fantasy Scratch Card
This great money maker let’s even non golfers participate in the fundraising event. The Fantasy Scratch Cards sell like hotcakes and are addictive.

Football Contest
These events are held at a football game. They are usually held during half time. One randomly picked spectator attempts to kick a field goal. If they make it they win the prize, which most of the times is cash.

Hole In One
Usually on a par three golf hole when the player hits their tee shot and the ball goes into the hole. This would be the golfer's first attempt only. If the player takes two shots the second is considered a mulligan and the hole in one does not count. See also How Hole In One Insurance Works.

Hole In One Insurance
A policy or premium insuring a group, outing or tournament for a cash value to be paid if anyone makes a hole in one on a specific hole.

Million Dollar Shootout
A great way to end an event. Have one person in your outing take one shot from 165 yards away from a green. If they sink the shot they win a MILLION dollars.

Putting Contest
A contest where golfers take part in seeing who can putt the best. Usually a prize is given to the best putter of the entire group, outing or tournament. Putting contests can be insured for a cash value! Usually one contestant, one putt. See also Putting Contests.

Putt Off
This is a putting competition where golfers face off against each other or against each other's scores to see who is qualified to shoot for a grand prize.

Shootout Special
This is a special prize program where a hole in one wins a 7 day, 6 night cruise. It also includes 4 shots at $50,000 that the 4 closest to the pin winners can vie for. The Shoot Out Special is another way to generate revenue and help the charity’s cause.

Silent Auction
This happens at the end of the event during the banquet or luncheon. These are great charity fundraisers. A Silent Auction is the 2nd most way of raising money for a charity during a golf outing.

Six Inch Rider
This is a unique program. If anyone comes within 6" of the cup at a par 3 golf hole they win $1,000. This program is of course insurable. It can also be used as an add on for your hole in ones.

Super Ticket
A way to combine, hole in one insurance, putting contest and a million dollar shootout into one money making idea. This adds excitement to your event as is cost effective. the outing can gross 10 to 30 dollars per participant. The Super Ticket is 85% effective.


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