I very rarely bet any money on my round, nor do the people I play with. True, there are people betting on their rounds, but I'd estimate it's 1 out of every 10 groups that goes out for a round that does that.

The article blows it out of proportion a little bit, too. At the courses I play (in the bay area), there are usually maybe 20 people in the clubhouse, and a round of drinks would probably come to $100. The "insurance" crowd is a very small subset of the golfing population.

True - it is an expensive sport and maybe traditionally a game for the wealthy, but my weekly golf habit doesn't cost much more than a gym membership. People from all walks of life play and enjoy the game, and it definitely doesn't have to be expensive unless you want it to be.

Not all golfing takes place at country clubs. The District of Columbia has four public courses (three of them nine-hole). I golfed when I was a kid, and though we were comfortably off, it would be a stretch to say that we were wealthy. I've since known golfers who, again, were comfortably off and not much more.

Do those golfers put wagers on their rounds? I have no idea; we never did.

Source: Caddyshack

A hole in one is only 2 (or extremely rarely 3) under par, the spread of scores in a game would usually be far greater than that.

I think the article DOES hint at explaining it anthropologically -- there's a rich tradition of "potlatch" events in which community members demonstrate their power by how much they can give away. Ultimately, you've just experienced some incredible good luck, and that gets spread around by handing out free drinks. Also, if you hang out at the club long enough, you'll be the recipient of many hole-in-one free drinks, which will ultimately balance out the round you had to buy.

Anecdata: As one of the most erratic, temperamental and limited golfers ever in my teens, I once nailed an approach shot from 150 yards straight into the hole on the second hole (arguably, given that I was playing my second shot from heavy rough, a more difficult shot than a hole-in-one on a regular par three). In the same round I then managed to lose five balls in the process of scoring seventeen on the 17th during the same round. To be fair, it was quite a difficult 17th. Strangely, I haven't played much since.

Funny story - when I got the hole in one, my foursome spent 5 minutes or so looking behind the green for my ball before someone looked in the cup and asked, incredulously, if I was playing a Titleist.

Tell that to my $20 set of clubs and $5 bucket of range balls.