PGA Championship Betting Report: Tiger Woods Creates Major Liability For Sportsbooks

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Tiger Woods is creating liability for several sportsbooks including BetMGM. (AP Photo/Matt York)

Betting on the PGA Championship is heating up at sportsbooks across the country, and there has been some major odds movement on players including Tiger Woods, Scottie Scheffler, and Jordan Spieth. 

Woods, as usual, is generating the biggest headlines ahead of this week’s major at Southern Hills Country Club in Tulsa, Oklahoma.

Tiger Targeted By Bettors at BetMGM

Woods has long been a money magnet for bettors during his illustrious golf career. But he looked like a shell of himself during weekend play at The Masters, where he shot consecutive rounds of 78 to finish in 47th place. That isn’t stopping BetMGM’s patrons from betting on Woods at Southern Hills, where he won the 2007 PGA Championship.

Some bettors, however, are fading the 15-time major champion.

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Similar Scenarios Playing Out At Westgate, Circa

Westgate SuperBook VP of Risk Management Jeff Sherman, a golf oddsmaking specialist, said his book’s largest liability is on Woods at 80-to-1 odds.

Sherman added in a text to Gaming Today that Scheffler leads in both the number of tickets written and money wagered. Other sizable moves at the SuperBook included Cameron Young (100-1 to 60-1) and Hideki Matsuyama (40-1 down to 25-1). SuperBook bettors were fading Bryson DeChambeau, and his odds have ballooned to 100-1 from 60-1.

Jeff Davis handles golf odds at Circa Sports in Las Vegas. Circa has written the most tickets on Scheffler, Spieth, and Woods, according to Davis. Davis added that Spieth opened at 47-to-1 odds to win the PGA Championship after The Masters. He’s now down to 15-1. 

“Scheffler or Spieth figure to be bad results for us,” Davis said in a text on Tuesday. 

Other players taking action at Circa include Young (175-1 down to 55-1) and Matt Fitzpatrick (80-1 down to 42-1). Circa also saw the same betting pattern as the SuperBook on DeChambeau, who opened at 34-1 and is now being dealt at 105-1.  

Mickelson Bows Out Of PGA Championship

One oddity for this year’s PGA Championship? The defending champion won’t be back to defend his title. Phil Mickelson was on the list of tournament participants when it was released by the PGA last week. But “Lefty” decided to withdraw from the second major tournament of the 2022 season. He hasn’t competed in a PGA Tour event since January at Torrey Pines, where he missed the cut in the Farmers Insurance Open. Mickelson is mired in an ongoing scandal with the PGA Tour over a rival golf league in Saudi Arabia.

Last week, before news of his withdrawal, FanDuel offered Mickelson at +8000 (or 80-to-1 odds) to repeat as the PGA champion. Those odds were considerably shorter than the +25000 (or 250-1) offered on Mickelson at Westgate to win last year’s PGA Championship, where some bettors profited in a big way on his historic win at 50 years old.

Also read: Cantlay And Zalatoris offer Value On PGA Win Bets | PGA Championship Odds & Prop Bets

About the Author

Kris Johnson

Writer & Contributor
With more than 15 years of experience as a sports journalist, Kris Johnson’s work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also wrote a sports-betting novel entitled The Endgame.

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