Top 10 Ways to Spend Your Hole-in-One Prize Money

It’s hard to imagine a better feeling in golf than making a hole-in-one, it’s up there with the best moments on-course. The only way to top it would be winning one on a Local Party Hole, taking the feeling to a whole new level by winning a cash jackpot.

After speaking to multiple winners, we noticed something interesting. Everyone has a different idea of the perfect way to spend the money.

The golf tragics tip it straight back into their golf game, others are straight into booking holidays, some try to spread the joy among the family and others, well they prefer to celebrate at the clubhouse bar.

So, if you ever find yourself standing on the tee with cash on the line, here are ten ways you could spend the prize money.

1. Buy the dream set of golf clubs

This is probably the most common answer from golfers. There is always some shiny, new high tech club that can enhance your game- a new driver, new wedges or that putter that’ll make you stop three putting? Several Local Party Hole winners admitted their first thought was upgrading the bag properly with fitted clubs (learn more about Andrew’s plans for the money).

And honestly, after making a hole-in-one, you can probably justify it.

2. Book the ultimate golf trip

If golf gear is not your thing, a golf trip usually is.

Scotland, Barnbougle, Pebble Beach, Queenstown, Thailand. Suddenly destinations that felt out of reach become very possible.

One of our winners immediately started planning a Scotland golf trip after his ace (see more on Michael’s plans for the money).

Hard to blame him.

3. Take the family on holiday

Not every winner keeps the money entirely for themselves.

For example, a lot of golfers quickly realise that a hole-in-one payout is also a good opportunity to score points at home.

Fiji holidays, beach resorts and family getaways all started appearing in conversations with winners.

Turns out $10,000 can buy quite a bit of goodwill.

4. Buy your partner something nice

This one came up more than once, it’s always good to score some brownie points and ensure you can keep getting long rounds of golf in. So what counts as something nice?

One winner joked that after pocketing the prize money, he probably owed his partner a ring while another admitted his wife already had eyes on Michael Hill before he even got home from the golf course (learn more about how Jamie plans to spend his money).

Fair enough, really.

5. Shout the clubhouse

There is one tradition in golf that cannot be ignored.

If you make a hole-in-one, drinks are expected.

However, the bar tab might hurt a little less when you are holding the prize money, but the pressure to shout everyone is still very real. At least this time you can afford it.

6. Upgrade your golf membership

If you have ever thought about joining a new club, paying your membership upfront, or getting access to better facilities, this is the perfect excuse.

Winning prize money on a golf course and reinvesting it straight back into golf feels very appropriate.

7. Build the ultimate golf simulator setup

A few golfers immediately start dreaming bigger.

Launch monitor. Hitting mat. Projector. Simulator screen. Garage transformation.

Suddenly your spare room starts looking like Augusta National and the family is not all that pleased about the amount of golf that’s occurring in the house.

8. Pay off something boring but responsible

Not everyone spends wildly.

Consequently, some winners admitted they would probably save the money, pay bills, reduce the mortgage, or just sit on it for a while. While it might not be the most exciting answer, it’s good to know some financially responsible golfers do exist.

9. Buy more golf rounds for the mates

Winning $10,000 tends to make you very popular very quickly.

A few winners mentioned treating their mates to more golf trips, more rounds, and more weekends away.

10. Chase another hole-in-one

This might be the most dangerous option of all. The feeling becomes addictive and some golfers immediately convince themselves they are suddenly hole-in-one specialists. More golf, competitions and par 3s attacked aggressively.

The logic is simple. If it happened once, why not twice?

So, what would you do?

That is the real question.

Ready to play golf and try to win the cash yourself?
Find golf courses in Victoria.
Find golf courses in South Australia.