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The million dollar hole in one

September 22, 10:48 AMUK Headlines ExaminerTim Worstall
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The Sun reports on a million dollar hole in one shot by Jason Hargett. Playing in a side show to a tournament in Utah, the restaurant manager hit a single shot to win the million dollar prize for a hole in one.

THIS is the moment an amateur golfer went wild after scooping a cool $1million in a hole-in-one competition. Restaurant manager Jason Hargett ran out on to the fairway and collapsed as a crowd behind him cheered his incredible 150 yard shot-of-a lifetime.

The organisers thought that the odds of anyone actually managing the shot were one in 45,000. This isn't actually true and the overestimation of these odds have caused problems before.

Here's the video of Jason Hargett's million dollar hole in one:

 

The true odds of any random golfer getting a hole in one on any random hole are more like one in 14,000. Obviously these are shorter on shorter holes.

However, what this means in aggregate is that holes in one are a lot more common than people think. For example, at a Major tournament you might have 200 or so playing 36 holes, then the cut meaning that perhaps 90 play another 36 holes (these are rough numbers). So something like 10,500 holes are played over the four days. If the odds are one in 14,000 for any hole in one, that means you've got better than even odds of there being a hole in one by someone at such a Major.

Quite a lot of people have won money on bookies not knowing that.

 

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