The Skins Game?

Why do they call this yearly golfing event the “The Skins Game”?

Is it really as primitive as Scots betting animal pelts?

buzzz There was a report done on the question at the Straight Dope. I’m still not sure that it was answered with assurance, but it’ll have to do for now.

PS They appreciate a link to the original article IF you know that it exists. Since you didn’t, you obviously put this in GQ. I’m sure a Moderator will move it to Comments on Staff reports.