4000 Masters Bet Shifts Odds
When a bettor plunked down a $4,000 wager on Tiger Woods to win the Masters, it was time to adjust the odds once again at Nevada’s biggest sportsbook.
Tiger’s odds of winning the season’s first major golf championship were lowered from 12-1 to 10-1 on Friday at the Westgate Las Vegas Superbook. And the change wasn’t just because he’d thrust himself into contention at the PGA TOUR’s Valspar Championship.
Tiger Woods was all smiles after the second round of the Valspar Championship at Innisbrook Resort in Palm Harbor, Florida. (Photo by Ryan Young/PGA TOUR)
Take a glance at Twitter and you’ll see the expectations for Woods are running rampant. And bettors are putting their money where their tweets are, particularly when it comes to golf’s first major of the season. It’s why Tiger’s odds of winning the Masters seem to be improving with every start in his comeback from back fusion surgery.
Yes, he’s playing well – hitting it long, looking confident and loose, showing no signs of chip-yips and again popping up near the top of the leaderboard. But just as significantly, he’s getting support at the betting window, meaning his odds change as the sports books’ liability increases. At 12-1 odds, the $4,000 bet on Woods would result in a $48,000 payoff if he wins the Masters and ends a 10-year major championship drought.
And just hours before that wager, Jeff Sherman, the golf oddsmaker at the Westgate LV Superbook had dropped Woods’ odds from 16-1 to 12-1.
Tiger Woods won the last of his four Masters titles in 2005. (Photo by Sam Greenwood/Getty Images)
Woods had opened at 100-1 odds to win the Masters eight months ago. When he made his return to competitive play in the Bahamas in November, his odds moved to 50-1. They’ve continued to creep lower, to the point where the odds now put him as the third-favorite, behind only Dustin Johnson and Justin Thomas (both 8-1).
At the Superbook, the largest sports book in Vegas, Woods is among the leaders in both total tickets written (the number of bets) and total money wagered. When it comes to ticket count, he’s tied at 6% with Thomas, Rickie Fowler, Phil Mickelson and Jordan Spieth. In terms of the total money wagered, he’s sitting at 7% with Thomas, Johnson, Jason Day and Jon Rahm.Read More...