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Greenies are a way to add points or bets to just about any game. Greenies are only eligible on par 3's. If a player hits the ball on the green on his first shot on a par 3, he is eligible for a greenie. The ball must be mostly on the putting surface and closest to the pin than any other player who might have also hit thier first shot on the green. To complete and win the greenie, the player must make par.
There are some golf game variations to this bet in that a greenie is sometimes awarded by just being on the green and closest to the pin, par is not necessary. Clear this with the other players before the situation comes up.