| Type | Match |
| Alias | Chip-ins |
| Format | Hole Bet |
| Number of players | 2, 3, 4+ |
| Team or Individual play | Both |
- Closeout is a betting game in which an 18-hole match is worth a set amount. If the match ends before the 18th hole, then the closeout bet goes into effect in which a new match on the remaining holes starts for half of the original bet.
- For example, three players A, B, and C, play a match worth $10. The game ends on the 14th hole, with player A being announced the winner, who gets $10. Now, four holes are left, and another round worth $5 begins for the remaining four holes. The first match can even end on the 17th hole, and players then play the Closeout match for a single hole.
- Closeout can be played with or without handicaps.
- If the original match goes on for the complete 18 holes, then no Closeout bet is applied.