In this episode, Chris tests a creative side hustle idea inspired by a successful floating golf green in New Zealand that offers a $10,000 payout for a hole-in-one 🌊⛳. The concept was to recreate a similar high-paying challenge using disc golf, charging a small entry fee for a chance to win big.
Chris set up the challenge at Clyde Warren Park in Dallas, aiming to allow participants to toss a disc into a basket from 65 feet away, with a $1,000 prize for success. Although faced with setbacks, including being kicked out of the park and needing to adjust the rules, he successfully gathered valuable data on probability, risk, and pricing.
Chris emphasizes that understanding the math behind games of skill can actually turn them into legitimate, low-cost businesses.
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By Chris Koerner on The Koerner Office Podcast