One of the most prestigious tournaments in all of golf begins Thursday morning when the Masters tees off from the Augusta National Golf Club in Augusta, Georgia. This is golf’s first major of the year and the only major that is played at the same venue each year.
Golf’s top players are here to compete for the coveted green jacket that will be put on the winner inside Butler Cabin on Sunday evening following the final round.
Odds makers have been readjusting their futures leading up to the first round on Thursday. Last week, former No. 1 in the world and 14-time majors champion Tiger Woods announced that he would play.
That announcement prompted odd makers to put Woods at a long shot of 50 to 1 to win the tournament. Tiger has not played well for quite some time but that does not stop the public bettor from loving to bet on him.
By Monday of this week, bettors had bet down Woods’ odds to win the tournament to 40 to 1 and on Wednesday afternoon, the many bets on Woods prompted a number of bookmakers to lowered Woods’ odds to 25 to 1.
Woods can also be bet on in props betting. Bettors have taken him anywhere from even money to -150 over whether he will survive the cut on Friday. He has also been taken from +350 up to 2 to 1 on if he will finish in the top 20 in the tournament.
Despite his doubtful prospects this week in the Masters, the public always seems compelled to bet on Woods.
Bettors know about Tiger and what his has done in the past and how successful he has been at Augusta and the Masters.
Most fans and bettors alike want Woods to play well and that in turn causes many to feel at a price of 40 to 1 or now at 25 to 1 they cannot pass up those kinds of odds on Woods.
The tournament favorite is Rory McIlroy the world’s No. 1 ranked player who is currently 6 to 1 to win. He is the only golfer at this point whose odds are in single digits. Second behind McIlroy is Jordan Spieth who is sitting at 10 to 1. The young star has played quite well the past month.
More people have placed bets on Woods than on any other golfer in the field. Many sportsbooks will have a huge liability on their hands this weekend because of all the money placed on the former world’s No. 1.