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What Are the Payout Odds for Tiger Woods to Win the 2019 PGA Championship?

Written by:
Don Shapiro
Published on:
May/12/2019

  • 1 in every 5 bets to win the last Masters was on Tiger Woods

  • Woods has the potential to pay out $900 on every $100 bet to win the 2019 PGA Championship

  • FanDuel lost over $2 million on Tiger's Masters win

  • While 10% of early bets were on Woods at the start of the tournament, he was seeing around a quarter of the wagers come in as the Masters progressed


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Despite 1 in every 5 2019 Masters wagers being on Tiger Woods, the books still have him paying out an incredible $90 for every $10 bet or $900 for every $100 should he go on to win this week's PGA Championship tournament. 

Woods became the highest paying futures bet at most sportsbooks, both online and in Vegas.

FanDuel, in particular, got destroyed by Woods comeback win, costing that gambling firm more than $2 million. 

First, the fantasy sports giant refunded all fantasy golf customer who entered the $1 Million Mega Eagle daily fantasy contest for The Masters. Then they suffered a loss of more than $1 million in winning prize payouts when Woods won. Tiger bets were just 10% at the start of the Masters but he was seeing around a quarter of the wagers as the tournament progressed.

“The Tiger effect is real,” said Mike Raffesnperger, CMO for FanDuel Group. “Tiger’s historic win today has cemented him as one of the most iconic figures in sports and we congratulate him on his tremendous achievement. We’re even happier for our customers who today have over three million reasons to believe there are more ways to win on FanDuel!”

In Nevada, a bettor at William Hill placed an $85,000 bet on Woods to win at 14-1 odds.  It was the individual's first bet at Hill.

“Pretty good first bet,” William Hill U.S. director of trading Nick Bogdanovich told ESPN.

“It’s great to see Tiger back,” Bogdanovich added in a release. “It’s a painful day for William Hill – our biggest loss ever – but a great day for golf.”

This week will be a marked change from past years when mid-May might otherwise seem like dead time for books.  Even the Pay Per Head businesses are scrambling to promote their golf betting options.

Odds as of Sunday May 12 appear below.

Betting is available before and after each round with odds updated.

Odds to Win 2020 The Masters (Early Market)

Tiger Woods+900

Dustin Johnson+1000

Rory McIlroy+1000

Jordan Spieth+1200

Brooks Koepka+1400

Jon Rahm+1600

Justin Rose+1800

Justin Thomas+1800

Rickie Fowler+1800

Francesco Molinari+2000

Bryson DeChambeau+2500

Jason Day+2500

Bubba Watson+2800

Hideki Matsuyama+2800

Tommy Fleetwood+2800

Tony Finau+2800

Xander Schauffele+2800

Paul Casey+3300

Adam Scott+4000

Louis Oosthuizen+4000

Patrick Cantlay+4000

Phil Mickelson+4000

Henrik Stenson+5000

Marc Leishman+5000

Matt Kuchar+5000

Patrick Reed+5000

Sergio Garcia+5000

Cameron Smith+6600

Gary Woodland+6600

Ian Poulter+6600

Webb Simpson+6600

Hao Tong Li+8000

Kevin Kisner+8000

Matthew Fitzpatrick+8000

Si Woo Kim+8000

Billy Horschel+10000

Branden Grace+10000

Brandt Snedeker+10000

Charley Hoffman+10000

Emiliano Grillo+10000

Lee Westwood+10000

Rafael Cabrera Bello+10000

Aaron Wise+12500

Charl Schwartzel+12500

Charles Howell III+12500

Eddie Pepperell+12500

JB Holmes+12500

Keegan Bradley+12500

Thorbjorn Olesen+12500

Zach Johnson+12500

Lucas Bjerregaard+15000

- Don Shapiro, Gambling911.com

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