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Golf is unique in having lucrative competition for older players. There are several senior tours for men 50 and older, the best known of which is the U.S.-based Champions Tour.
There are six principal tours for women, each based in a different country or continent. The most prestigious of these is the United States based LPGA Tour.
All of the leading professional tours for under-50 players have an official developmental tour, in which the leading players at the end of the season will earn a tour card on the main tour for the following season. Examples include the Nationwide Tour, which feeds to the PGA Tour, and the Challenge Tour, which is the developmental tour of the European Tour. The Nationwide and Challenge Tours also offer Official World Golf Rankings points.
The major championships are the four most prestigious men's tournaments of the year. In chronological order they are: The Masters, the U.S. Open, The Open Championship (referred to in North America as the British Open) and the PGA Championship.
The fields for these events include the top several dozen golfers from all over the world. The Masters has been played at Augusta National Golf Club in Augusta, Georgia since its inception in 1934. It is the only major championship that is played at the same course each year. The U.S. Open and PGA Championship are played at courses around the United States, while The Open Championship is played at courses in the UK.
Prior to the advent of the PGA Championship and The Masters, the four Majors were the U.S. Open, the U.S. Amateur, the Open Championship, and the British Amateur.
Women's golf does not have a globally agreed set of majors. The list of majors recognised by the dominant women's tour, the LPGA Tour in the U.S., has changed several times over the years, with the last change in 2001. Like the PGA Tour, the (U.S.) LPGA has four majors: the Kraft Nabisco Championship, the LPGA Championship, the U.S. Women's Open and the Women's British Open. Only the last of these is also recognised by the Ladies European Tour. The other event that it recognises as a major is the Evian Masters, which is not considered a major by the LPGA (but is co-sanctioned as a regular LPGA event). However, the significance of this is limited, as the LPGA is far more dominant in women's golf than the PGA Tour is in mainstream men's golf. For example, the BBC has been known to use the U.S. definition of "women's majors" without qualifying it. Also, the Ladies' Golf Union, the governing body for women's golf in the UK and Republic of Ireland, states on its official website that the Women's British Open is "the only Women's Major to be played outside the U.S." For many years, the Ladies European Tour tacitly acknowledged the dominance of the LPGA Tour by not scheduling any of its own events to conflict with the three LPGA majors played in the U.S., but that changed in 2008, with the LET scheduling an event opposite the LPGA Championship. The second-richest women's tour, the LPGA of Japan Tour, does not recognise any of the U.S. LPGA or European majors as it has its own set of three majors. However, these events attract little notice outside Japan.
Senior (50-and-over) men's golf does not have a globally agreed upon set of majors. The list of senior majors on the U.S.-based Champions Tour has changed over the years, but always by expansion. The Champions Tour now recognises five majors: the Senior PGA Championship, the United States Senior Open, the Senior British Open Championship, The Tradition and the Senior Players Championship.