Despite the tournament's diversity, American players have won the bulk of the events during its long history. Before Gary Player of South Africa carried home the jacket, the United States won the first 24 Masters championships. The remaining countries that have won are listed below. England - winner once France - winner twice Germany - winner once Italy - winner once Japan - winner once South Africa - winner once Australia - winner once Åland Islands - winner once Panama - winner once Puerto Rico - winner once The United States has won the most Masters titles with nine. Masters is played over three days with each day consisting of four rounds of stroke play. The player who finishes within the best overall score wins. If two or more players are tied, they go into a sudden-death round called "the playoff." This is used to determine the champion. In this round, each player gets one shot per round, and any part of the course can be used. The player who shoots lowest after three rounds wins. The first Masters was held in 1934 at Augusta National Golf Club. It was an event that pitted American Bobby Jones against British Harry Vardon for the title. Jones was victorious by one point; he had 283 points to Vardon's 282. The prize money was $10,000 (about $150,000 in today's dollars).