Definition: Par or Out is a game for low-handicappers or a side bet (or additional prize) in an event where full handicaps are being used. Because, as the name implies, participants (in either a competition or betting game) must make at least par on every hole - or they're out.
All participants continue playing their round after they've dropped out, but the winner of Par or Out is the last golfer remaining after all others have made a bogey.
