Eagle1 is an innovative hole-in-one prize product custom designed for golf courses. Our intent is to provide a Hole in One golf prize insurance product that will enable golf tournament organizers and event managers at golf courses to offer hole-in-one prizing to tournament participants as part of their overall tournament package which typically includes tee times, food, entertainment and prizes.
A typical hole-in-one contest operates on a tournament or special event basis whereby tournament or event organizers arrange for hole-in-one insurance coverage for a set number of golfers (usually 144 for a tournament) on a set day and on a predetermined hole. Most Par 3 golf holes on almost any course can be covered by hole-in-one prize insurance. The potential revenue earned by offering hole-in-one prizing on any practice range or Par 3 hole is greater than offering the contest only during tournaments and special events and it vastly increases the potential revenue streams of this type of prize indemnity.
Eagle1 is pioneering a concept in hole-in-one prize contests. By offering prizing on any Par 3 hole, on any course covered by the program, it will open a whole new market in hole-in-one prize contests.