How is prize money allocated in ameteur golf?

QUESTION: Ive found a list of golf competitions in the UK for individuals. They all say there is 1st 2nd and 3rd place prizes but they dont state how much they are? Entry is around £50 per player does first place get a specific % of the pot at the end? ANSWER:

Answer by grizzo69
Rule 3.1 In amateur status An amateur golfer may participate in an event where prize money or its equivalent is offered,p provided that prior to match he waives his right to Accent prize money in the event rule 7-2 in amateur status An amateur golfer must not take any action,including actions relating to golf gambling

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