Why Have Putting Prizes at your event?

A putting policy allows golf tournament organizers and sponsors to give participants the opportunity to win amazing prizes such as new cars, cash, or almost anything else you can think of if someone sinks a specific putt before, during or after a golf tournament. This creates a lot of excitement as everyone watches!

Why use GTS for your Putting Prize Policy?

  • 'A' Rated Prize Protection: Our policies are underwritten by top rated Neace Lukens, Inc. for your confidence and security. Neace Lukens is the 24th-largest private insurance broker in the U.S. with $88 million annual revenue and over 150 licensed agents and 500 employees focused on property and casualty insurance, employee benefits and risk management solutions. 
  • Quick Turnaround on Payment: In the event of a claim (putt is made), we will get the approval process started right away to ensure the lucky winner receives their prize ASAP.
  • Coordination with the course: We will work directly with the golf course staff to ensure all policy requirements are met and to make sure the tournament director is aware of the policy in place for your event.
  • $84,200 PAID in putting policy claims, to date.

Check Out This Video of a Recent Winner for $5,000 CASH:

How to calculate GTS Putting Prize rates for your event:

  • First determine how much you want your putt(s) to be worth for the winner - how much the golfer will win if they make their putt - and break this number down to a 'per $1000 number' (ex: $10,000 would be 10)
  • Then determine how long you want your putt(s) to be and find the corresponding rate below:
  • Lastly, take the rate that matches the distance you would like and multiply by the 'per $1000' figure you determined
NOTE: Putting policies must be $3,000 or more, from any distance. 

This will give you the rate for one putt at your prize amount and distance.

EXAMPLE:


You would like a 70' putt for $5,000...


Calculation: $48 x 5 (for $5,000) = $240


This Putting Prize policy would be: $240.00
Please note:
  • Rates are for amateur golfers only.
  • Full unedited (or paused) video of each putt showing the following sequence: (1) video of the measurement of the putt, (2) marking of the measurement, (3) the golfer striking the ball, (4) following the ball from the golfer to the hole.
  • New contestants must re-tee their initial putt at least 5 feet away from the previous putter's line – meaning each contestant participating must have a unique line to the hole being putted to.
  • Putting Prize Policies are limited to a maximum value of $50,000 per putt - any value over $10,000 is subject to underwriting approval.
  • Unless otherwise specified, the prize value does not restore; in the event of multiple winners, the prize value will be split among the winners.
  • All GTS putting policies are underwritten by top-rated Neace Lukens, Inc. for your confidence and security. Policies are a prize guarantee to pay on the claim in the event of a specific putt being made.