mgranato
New
There's a local club here in Atlanta doing something pretty interesting. On one of their par 3's (I don't know the hole's specifics), they have a kiosk setup on the tee box. You place a wager at the kiosk for a hole in one. The odds are 5,000 to 1. The minimum bet is $1 to $500 with the payouts ranging from $5,000 to $2.5 mil.
If I understand correctly, the guy who owns this new venture is a member of the club and they have it setup 24/7 on this one hole. The machine takes your bet, takes a picture of your face, and there are a couple cameras on the green for validation. I believe it's been setup for a couple months and so far they've had one $2 bet get an ace ($10K payout).
I don't know about the business model or who's underwriting the payouts, but I'd have a hard time not going at least $2 every time I stepped on that tee - at least $10 if I'm hitting it good that day.
Anybody not putting something in when they get to this hole?
If I understand correctly, the guy who owns this new venture is a member of the club and they have it setup 24/7 on this one hole. The machine takes your bet, takes a picture of your face, and there are a couple cameras on the green for validation. I believe it's been setup for a couple months and so far they've had one $2 bet get an ace ($10K payout).
I don't know about the business model or who's underwriting the payouts, but I'd have a hard time not going at least $2 every time I stepped on that tee - at least $10 if I'm hitting it good that day.
Anybody not putting something in when they get to this hole?
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