Par or Out is a side bet usually played by low handicappers, or in competitions with full handicaps. The winner of the bet is the last one in the group who fails to make par (either actual, or including the handicap). Every time a player fails to par, he’s out of the running for the money.
In my experience, this one is over after five or six holes. The game also could be played with other critera: Bogey or Out; Double Bogey or Out, Two Putts or Out and so on.
The putting one actually isn’t a bad game, even among players with disparate skill levels.
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