Let's say you're going to enter a tournament at your local course, and you read that there is a $25 honey pot. That means that if you pay $25 into the honey pot, your money is added to that paid in by everyone else, and that total dollar amount is what makes up the prize fund or bonus pool.
The honey pot is usually optional. Only those golfers who pay into the honey pot are eligible to win money out of it.
When used as a tournament's prize fund, the honey pot typically pays 50-percent to the winning golfer or winning team; 30-percent to the runner-up and 20-percent to the third-place finisher. (Specifics will vary depending on who is running the tournament.)
If the honey pot is a bonus pool, it might pay out for things such as longest drive or closest to the pin.
