How Much Does Hole In One Coverage Really Cost?
Hosting a golf event is a fantastic way to bring people together for a fun day of friendly competition while raising substantial funds for your organization or cause. Working to acquire enough participants to make your event profitable can be stressful, but being able to advertise grand prizes like trips, vehicles, golf equipment, or cash can greatly increase your attendance rate.
Offering a ‘hole in one’ type of contest may feel completely out of reach for many organizations, but prize coverage can help minimize risk and make these goals attainable for a reasonable price.
How is Hole in One Coverage Cost Calculated?
Pricing out hole in one coverage takes three main factors into account in order to ensure you get the coverage you need.
- How many golfers will be participating in the hole in one contest? The amount of players affects the probability of a hole in one occurring.
- What is the cash value of the prize? The cost of coverage can vary depending upon your contest’s prize pool.
- What is the distance of the shot you choose as your main prize hole? Like the number of participants, the distance of the hole affects the probability which affects the price of the coverage.
What Types of Events are Covered?
Though ‘Hole in One’ is the name, there are many different types of contests to choose from such as a putting contest, shootouts, million dollar shots, and more along with the classic hole in one contest.
Promising a large-scale, extravagant prize can feel scary for many organizations, especially if they are worried about getting stuck paying for the prizes they promised due to low quality coverage. With prize coverage, you can hold your event and contest without worry.
What Other Events Do You Cover?
You can also get coverage for prizes in other sports contests at football, basketball, baseball, and hockey events.
American Hole ‘n One is here to help make your event a success, and we can take the stress out of providing large prizes that can draw in crowds. If you are interested in learning more about who we are, or if you have any questions about what we do, please visit our Frequently Asked Questions page or contact us today!