Professional golf tours

Introduction

Professional golf is one of the more lucrative sports in the world for both men and women, but it is has a very different structure from other sports, especially team sports. A large majority of professional golfers (at least 95%) make their main income as club or teaching professionals, rather than from competition. "Touring professionals", also known as "Tournament golfers", who make their income from prize money and endorsements, are a small elite within the profession. The very best golfers make seven and even eight figure U.S. Dollar incomes; Tiger Woods is the highest earning sportsman in the world according to Forbes Magazine.

Related Topics:
Golf - Tiger Woods - Forbes Magazine

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But for the less successful, tournament golf can be an unstable profession. It is also an expensive one to participate in: tournaments have entry fees and practical costs such as travel and lodging expenses as well as paying for a caddy. Moreover, most tournaments have a "cut" midway through, in which the bottom half of players with the worst scores are eliminated. Only those players remaining after the cut earn any prize money at all. Thus, after costs are taken into account, lesser known tournament golfers who are playing erratically and do not have a steady income from endorsements, can make a large loss in a bad year.

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