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why is golf so rich

by Mafalda Pollich III Published 2 years ago Updated 2 years ago
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Its predominately wealthy because there is a lot of expensive gating to play golf, the equipment and course fees can be a high barrier of entry. As for why people like it.. It's a social activity you can spend outside all day in well maintained land, drink while playing all while not needing to be in peak physical condition to keep up in.

It has a high entry barrier
Among other reasons, golf is famous to the rich because it is hardly accessible by anyone else. Some clubs can charge an annual fee to let you use their services, but some clubs can charge you more than $100 for a one-time fee. A box of balls costs $50, and the driver is about $500.
Jan 5, 2021

Full Answer

Why is golf so popular among the rich?

Because golf is a very expensive sport and the rich have all the time and luxury to play this elite sport. If everyone could afford to play it, then it wouldn’t as popular among the rich anymore, because it would be removed from the elite category. Everyone likes to play golf. Rich people can afford it.

Why do poor people play golf?

The truth is that at the most exclusive private clubs and on the most beat up 9-hole goat tracks, golfers of all income levels are having a great time playing, gambling, drinking beers, and hanging out with old friends. Because it's fun. As a former poor person who is no longer poor, I play golf for the same reasons:

Why is golf so expensive to play?

At a practical level, a couple of clubs and access to a golf course is pretty expensive for an initial set-up (you can buy a football and start playing in any field, you can't just play golf anywhere). Because if you're playing it, you have waaay too much time on your hands.

What's happening to the golf industry?

Golfer numbers are down. Golf equipment sales have been tanking. The number of golf courses closing annually is supposed to dwarf the number of new courses opening for years to come.

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Why golf is for the rich?

Rich people play golf because they can afford the financial costs necessary to overcome its entry barriers. In addition, besides being an enjoyable activity, golf provides a certain social status, and it allows them to network with other wealthy individuals.

Is golf a posh?

As you can see, playing golf is no longer a posh hobby reserved only for the rich or celebrities. Almost everyone can afford it by looking for bargains, choosing cheaper equipment and clothing alternatives, or buying a few golf lessons at once.

Can you get rich by playing golf?

Golf can be a great game to play for fun, but it can also be a way for people to make money. Making money as a golfer does not always mean you need to be a scratch golfer. If you are creative and know a good bit about the game and truly enjoy it, you can find ways to make money.

Why is golf so elitist?

One major reason that golf is considered elitist is the perceived lack of diversity among those who play it. Golf history invokes ideas of exclusive country clubs with gates that open only for those with power, influence, and the right skin tone.

Why is golf an expensive hobby?

It's is no secret that golf is one of the most expensive sports in the world to get involved in. You need to buy clubs, shoes, balls, carts and and bags and that is before you even get to the course and pay your green fees.

Who is the oldest golfer to turn pro?

Allen DoyleThe Oldest Golfer to Turn Pro The oldest person to become a pro golfer is Allen Doyle, who turned pro at the age of 46 and qualified for the PGA Tour at 48. He would go on to win 11 PGA Tour Champions victories.

How much do golf club makers make?

The salaries of Golf Club Makers in the US range from $21,114 to $63,560 , with a median salary of $28,360 . The middle 50% of Golf Club Makers makes between $25,910 and $27,857, with the top 83% making $63,560.

Is being a scratch golfer good?

In plain words, scratch golf means that on a neutral golf course a player has the ability to shoot par on any given day. Becoming a scratch golfer is the ultimate goal for many players. I have been chasing it for more than 20 years. Currently, my handicap sits at .

What does it mean to be rich in golf?

Often, for the recently wealthy, those clubs act as a status symbol that can "validate" their wealth and success matched up against the older wealth surrounding them. If they have not learned to golf by then they better get started.

What are the advantages of golf?

The barrier to entry is high: In golf, your competitive advantages are technique and experience - things that rich people can get. If you've paid for lessons, equipment, and many rounds on the course, a young athletic challenger with less experience is unlikely to be better than you.

Why is golf considered a private game?

It’s because golf requires a large chunk of private (or public) land to be landscaped and maintained just to play a game of leisure. An entire park dedicated solely (for safety) to a game limited to perhaps 8 people per average 350 yards of real estate.

What is a golf club?

The golf and tennis club (with a pool) is where rich (and upper-middle class) kids spend their summers. It’s a fancy daycare center. So these kids learn to play golf. Then they play when they grow up, and dump their own kids at the club, and so on.

Why are golf courses so expensive?

Golf courses are expensive to build and maintain even before the business operation is accounted for . It takes a lot of money to be in the golf business which is why collectives of wealthy people often own the best courses.

How much does a round of golf cost?

People who have to work for a living find it hard to do this on a regular basis. A round of golf generally costs at least $20 to play. The average round of golf costs more. A decent bag of golf clubs costs at least $400–600. A good bag of clubs costs $1200–2000.

Why is Tiger Woods important?

This is why Tiger Woods was important to golf in a way that no other player has ever been important. He spread the game beyond well-to-do white people in a way that no one else ever has done. Now it is up to the powers-that-be in golf to continue that by making the game less expensive, faster, and more accessible.

How do golfers make money?

The other way they make money is by gambling. Yes, it is against the rules of many golf clubs but it still happens.

How much does a golfer get paid if he misses the cut?

And don't forget that unlike most other pro athletes, if a pro golfer misses the cut, he gets $0 in pay that week but still has most of his expenses to pay.

How many rounds are there in a PGA Tour tournament?

Getting into the PGA tour is usually done via 'Q-School', a 4-stage, 18-round tournament that takes place mostly away from media, where you compete against aspiring golfers as well as current pros, including a little less than HALF of last year's PGA tour roster.

How much did the 20th player make?

The 20th player made about $3.5 million. If you look at the top NFL contracts for example, y. I think overall professional golfers do not earn as much as players from other sports.

Do top 20-25 players make money?

No, they don’t. We cannot look at the top 20–25 players in any sport and wonder why they earn so much money. If you are in top 20–25 in any field, you are likely to earn lots of money. Top players earn a lot of money because of their brand value.

Do golfers watch TV commercials?

This makes advertising revenue for both TV broadcasts and things like endorsement deals lucrative for pro golfers. No other sport on TV plays as many commercials for equipment to actually play the game as golf does.

1. Equipment

A brand new set of irons will probably set you back in the range of $1000.00. Add to that a new driver for about $400.00, a putter for $200.00, wedges, and a bag, and the basic equipment alone is around $2,000.00.

3. Greens Fees

As I alluded to earlier, golf is very different from all other sports. You can’t just pick up your clubs and start whacking a golf ball anywhere.

4. Exclusivity

I’d like to take a minute to focus solely on Members’ Only Clubs, or Country Clubs.

5. The Art of The Deal

When you conjure up the image of a big business deal being struck on the course, what do you see?

What are the rich's interests in golf?

The rich are concerned with legitimacy and they would want to excel in something that matters to them. Golf is sponsored by brands such as Nike, Titleist golf bags, and Rolex and in the front page of major newspapers. There are few rich man’s sports that are legitimate and gives the players bragging rights like playing golf.

How does golf connect to luxury?

Golf is a sport that connects the player to luxury by permitting them to see beautiful scenery and landscape, enjoy nature as they take a walk, relax, and enjoy a slow-paced game. A rich man is a luxury seeker and would be excited by such luxury.

How did the rich achieve such status?

The rich in the society has achieved such status by engaging in challenging activities and ventures that seemed impossible. Playing golf is a very tough sport makes it appealing for the wealthy in the society.

How many acres are there in golf?

It is a game that is played on a huge open-air course (about 30-200 acres), in which a tiny hard ball is smacked with a club into various small holes in the land with an objection of using the fewest probable strokes to finish the course.

Where is golf played?

Scotland is the birthplace of Golf and it later spread to the UK and entire Europe, US, and now the entire world. It is a sport that was created by the nobles and the King of Scotland in the 15 th century. The game was intended to be played by higher class and the elitists. Nonetheless, in the modern society, the game has been played with people who have enthusiasm and interest for the game and have some resources to buy golf equipment and pay for their membership which is not very expensive for a good bargainer.

Do rich people like to lose?

The rich people don’t like to lose as they tend to be super competitive. The best thing about golf is that you can compete against yourself and no one will directly try to prevent you from doing what you want to do in the golf course.

Is golf a sport for the rich?

Not all those who play golf like to show off their wealth and their financial success. However, the game is usually for the rich and if you’re that person who likes to flaunt their wealth, this is a great sport to do so.

Why is golf so expensive?

Golf is expensive and exclusive. It is expensive because the equipment, uniform, and course fees/membership all add up. It is exclusive because, beyond the exclusionary aspect of price, country clubs are self-selecting and potentially discriminatory.

Why do poor kids play basketball?

Poor kids in the city play basketball because all you need is a court & a ball. Rich dudes in the country play golf because everybody needs a set of clubs ($200 for a cheap set) and the course covers dozens of acres of land that requires constant upkeep to keep the grass in shape.

Do you have to be a member of a country club to play golf?

There are many golf courses that are open to the public and don't require you to be a member of the country club to play. Golf isn't that difficult to pick up and play. If you want to become really good at it, yes you need to take lessons or spend lots of time practicing, but that's true for any sport.

Is golf a social game?

In addition, golf is stereotyped as a social game for white-collar management to play while talking business (possibly because of the above reasons).

Is snowboarding harder than golf?

It’s too difficult. Pretty much every other sport on the planet is more immediately rewarding than golf. Take a snowboard lesson in the morning, and by afternoon, you can make a few turns down the bunny trail without falling (much).

Is golf affordable?

So golf can be affordable. It’s just that, by and large, the sport has a well-deserved reputation for being pricey—think $400 drivers, $250,000 club “initiation” fees, and too many gadgets to mention. The snooty factor goes hand in hand with the astronomical prices and atmosphere on the typical course.

Is golf difficult for beginners?

Golf is renowned not only for being frustratingly difficult for beginners, but even longtime players “enjoy” it as a frustratingly difficult hobby. “The deep appeal of golf, once you get hooked, is that it’s difficult,” John Paul Newport, golf columnist for the Wall Street Journal, told NPR last month.

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Equipment

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A brand new set of irons will probably set you back in the range of $1000.00. Add to that a new driver for about $400.00, a putter for $200.00, wedges, and a bag, and the basic equipment alone is around $2,000.00. When you look at the cost of the basic equipment alone, it’s no wonder people think the game is financially out of r…
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Lessons/Practice

  • Golf, I’ve found out the hard way, isn’t exactly like riding a bike. Lessons, or at the very least time at the range for practice is an ongoing expense. Sure, I can take some time off, but things just ain’t what they used to be after an extended absence from practice. Have you ever seen what NBA great Charles Barkley’s swing looks like? Yeah, after a few weeks of not swinging a club, it’s a pr…
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Greens Fees

  • As I alluded to earlier, golf is very different from all other sports. You can’t just pick up your clubs and start whacking a golf ball anywhere. Well, I suppose you can, but it won’t end well. And unfortunately, there are no free courses that you can go to and play like you can on a tennis court. This too is certainly going to put some people off from ever playing the game. With that said, ho…
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Exclusivity

  • I’d like to take a minute to focus solely on Members’ Only Clubs, or Country Clubs. These tend to be quite exclusionary institutions, where not only do you have to pay exorbitant member dues, and greens fees for each round, but for some, you need to be approved to join as well. If you can afford to join, there are probably some wonderful benefits: well-manicured courses, and sand tra…
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The Art of The Deal

  • When you conjure up the image of a big business deal being struck on the course, what do you see? In my mind’s eye, I see a few successful, and wealthy individuals, shaking hands on 18, each with about 1/8 of the remaining cigar hanging out of their respective mouths as they let out a deep belly laugh. They are each pulling out the keys to their Mercedes, or BMW, as they begin to walk …
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