A golf attraction charges players to attempt a hole-in-one on a floating green. With amateur odds at 1 in 25,000 but payouts only twice a month, the operator makes an estimated $300,000 to $500,000 annually. The speaker wonders why more places haven't copied the idea.
Dude, I think you should pull up that video of the hole-in-one golf challenge. Good shot. That's a great shot. There's one of these in the world that I know of. What is the business here? The business is math. The average amateur golfer has a 1 in 25,000 chance of getting a hole-in-one on a par 3, which this is. They have announced multiple times that they pay out on average once every 2 weeks. I can use math and I know how much they sell balls for. And so I can surmise based on math and statistics that this place net profits like $300,000 to $500,000 a year. There's nothing to see there. It's a little stand with a floating green, one guy just standing there with an iPad. Why isn't this all over the place?
