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 Prize money ?

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Senior Golfer
Senior Golfer

Posts : 493
Join date : 2009-07-14

PostSubject: Prize money ?   Mon Jul 27, 2009 8:55 am

How do the tournament organizer calculate on the prize money ?

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Golf Professionals
Golf Professionals

Posts : 1725
Join date : 2009-06-17
Location : Laguna National Golf and Country Club

PostSubject: Re: Prize money ?   Mon Jul 27, 2009 1:32 pm

The winner normally get 18% of purse, 2nd 10.8% 3rd 6.8%

If the tournament purse were $1,000,000 and the winner's share were 18%, the winner would earn $180,000.

There may be a tie for any or all of the positions between 2 and 70. If there is a tie among n players for position k, the money designated for positions k through n + k - 1 is pooled and allocated equally among the tied players. For example, if there were a tie for second place between two golfers, they would each win $88,000 [(10.8% + 6.8%)/2 = 8.8% * $1,000,000]. If there were a three-way tie, all three golfers would get $74,666.67 [(10.8% + 6.8% + 4.8%)/3 = 7.46667% * $1,000,000].

Which is why tour player want a placing to themselselves not a Tie, less money...
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