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The Economics of Everyday Things

32. Used Golf Balls

The Economics of Everyday Things

Freakonomics Network

Business

4.81.2K Ratings

🗓️ 15 January 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

American golfers lose 300 million balls a year — and all those bad swings are someone else’s business opportunity. Zachary Crockett hits the links.

Transcript

Click on a timestamp to play from that location

0:00.0

By his own admission, Leshan Wannigatunga is no Tiger Woods.

0:08.0

I've been, let's say, a struggling golfer for a long time, Plus a lot of golf balls.

0:15.0

In fact, you might say that Wanna Gittunga is an expert in losing golf balls. He loses around six of them every time he goes to the course.

0:26.8

His shots end up in the woods, somewhere in the rough or at the bottom of a pond.

0:32.0

And as it turns out, that's not much worse than most golfers fare.

0:36.9

On average, golfers lose four to five balls around.

0:40.9

If you are really bad players, that number goes up.

0:43.0

If you're a really good player, that number goes down.

0:46.0

When you consider that more than 25 million Americans golf each year,

0:51.0

well, that is a lot of golf balls. By one estimate, golfers in the US lose 300 million

0:57.4

golf balls every year. If you could find them all and lay them end to end, the line of golf balls would stretch from New York City

1:05.1

all the way to Hong Kong.

1:07.7

For golfers like Wannigatunga, this is an expensive problem. Buying new balls can add up and for the golf courses all those

1:16.6

lost balls are a never-ending environmental nuisance. So golfers and courses would both like to recover those lost balls.

1:25.0

And if you're willing to brave the alligators, rusty beer cans and murky waters,

1:30.0

there's money to be made. When you dive, it looks like just pearls, just the white spot just showing.

1:42.0

You can do it every three months and load up 20,000 golf balls was

1:46.0

guaranteed.

1:47.0

For the Freak economics radio network, this is the economics of everyday things.

1:52.8

I'm Zachary Crockin.

1:54.3

Today, used golf balls.

1:57.5

As any golfer knows, new golf balls don't come cheap.

...

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