PGA Championship Odds And Betting Guide For 2024 Golf Tournament

PGA Championship odds

The second major of the golf season will wrap up on Sunday. Updated PGA Championship odds are currently available to bet on below. The 2024 tournament is taking place at Valhalla Golf Club in Louisville, Kentucky. Xander Schauffele (+250) and Collin Morikawa (+260) were the favorites to win heading into the final round.

PGA Championship odds

Updated PGA Championship odds are available below for the 2024 golf major. Scottie Scheffler opened as the PGA Championship betting favorite at most of the top golf betting sites with a price of around +300. Xander Schauffele had the lowest odds heading into the final round at +250.

Scottie Scheffler (+300): It’s not surprising seeing Scheffler at the top of the PGA Championship odds board as enters the event with four 2024 Tour wins, the biggest being The Masters. Scheffler, the World No. 1 player, had the best showing in this event in 2020 when he finished T4.   

Rory McIlroy (+600): McIlroy is looking to win the third PGA Championship of his career, with the previous two coming in 2012 and 2014. Besides being No. 2 in world rankings, the Irishman is fresh off a win at the Wells Fargo Championship. 

Brooks Koepka (+1000): Koepka has enjoyed his share of PGA Championship success, winning it three times since 2018 – the most recent coming last year. This will be his 12th time playing in the event. 

Ludvig Adberg (+1200): Since turning pro in 2023, Aberg has recorded nine top-10 finishes. Despite playing in only the second major of his career, oddsmakers view the Swede as a threat to hang with the top players in the world. 

Xander Schauffele (+1200): Schauffele is fresh off a second-place result at the Wells Fargo Championship and looking to continue that momentum this week at Valhalla. This will be his seventh PGA Championship, with the best showing coming in 2020 (T10).

Jon Rahm (+1400): The Spaniard, who is now playing on the LIV Tour, is among the opening PGA Championship favorites. This is Rahm’s seventh time playing in the major and includes a T4 in 2018.  

Bryson DeChambeau (+2500): Playing in the PGA Championship for the sixth time, DeChambeau is one of four players with a +2500 price to win. Recorded a T6 at this year’s Masters.

Colin Morikawa (+2500): Morikawa heads into this week’s event with three top-10 results for the season, the best being a T3 at The Masters. His career win list includes the 2020 PGA Championship trophy.

Joquin Niemann (+2500): In his five previous PGA Championship appearances, Niemann fell short of cracking the top 20. The Chilean is enjoying a solid season on the LIV tour with five top-10 finishes, while he recorded a T22 at The Masters.

Wyndham Clark (+2500): Clark, playing in the PGA Championship for just the third time, is going through a rough stretch as of late with a T47 at the Wells Fargo Championship, MC at The Masters, and T31 at the Houston Open. Currently No. 4 in World Rankings.

How to bet the PGA Championship and other odds

Futures odds have been up for the 2024 PGA Championship on most major sportsbooks since the conclusion of last year’s tournament. Those odds have been continuously updated to reflect the results of other tournaments, players being added to the field, and the performance of those in the field. The postponement of the event also had a major influence on the odds to reflect its new position on the schedule and new dates later in the summer.

Odds can range from Scottie Scheffler’s +550 as the tournament favorite to a long shot of +100000. A $10 futures bet on Scheffler to win at that price would return a profit of $55.

Closer to the event, the available betting options will expand greatly. Bettors will be able to wager on Top-5, Top-10, or Top-20 finishes at lower odds but with a greater chance of cashing multiple tickets. Outright favorites with already low odds can become too chalky on these bets, especially for a Top-20 result. There’s little sense in backing someone like Rory McIlroy at -300 or -500 to finish inside the top 20, as a $10 bet fetches a profit of just $2.50 at -400.

Once tee times are released, First Round Leader (FRL) bets also become available. These can offer greater odds than a tournament favorite would have for the outright win. Odds to lead after the second and third rounds will be posted later.

Prop bets group pools of golfers by world ranking, nationality, or other shared traits. These odds depend on how competitive the specified pool is, and how heavily they’re skewed by an outright favorite.

Head-to-head or three-ball lines pit golfers against each other either for the tournament as a whole or round-by-round. These odds are typically the lowest and least profitable golf lines. They can range from -200 to +200 but are generally equal on both sides.

Straight Forecast bets are a good way to get action on heavy favorites in a tournament with a top-heavy field, but are less applicable for the PGA Championship and the other majors. It requires bettors to correctly predict both the first- and second-place finishers and doing so correctly can boost the odds as a parlay.

Each-Way betting hedges against your pick falling short of a win by finishing second, third or anywhere else within a specified range. It’s composed of two bets with one being for the win and the other for the placing.

Tournament betting strategy

The three key areas on which to focus when betting the PGA Championship or any PGA Tour tournament are Current Form, Course History, and Key Stats.

As with any other sport, golfers can perform better or worse than usual within a select sample for any number of reasons. The difficulty lies in being able to tell when these streaks or slumps will begin or end. Experience on and familiarity with a course can also prove advantageous, while past struggles may contribute to a lack of confidence. Certain stats can be tied to success at a course over time.

There’s no exact science for how to weigh these three measures against each other, but all must be considered at each event. Certain shot shapes and player preference for putting on different types of grass are also factors to consider. What are the predominant hazard areas? Does the course favor longer or shorter hitters? What’s the most common length of an approach shot into the green?

Monitoring futures odds over the course of a year is an essential strategy to help get the best value. Take note of the opening odds for favorites and be ready to place a wager if they rise at any point due to a string of poor finishes or injury. Also be cautious of a long shot whose odds are dropping too low. A run of top 10s or a victory or two can take any value out of a bet on someone who remains unlikely to win a major tournament.

Relatedly, public betting action can have a strong effect on the betting odds for any golfer. The more bets placed on a golfer, the lower the books will set their odds to hedge against the potential payouts.

Be sure to hedge against the incredibly difficult task of routinely predicting outright winners. While hitting a winner only once in a while can still be profitable due to high odds of long shots, placing only these bets is sure to lose money more weeks than not. Pair your outright picks with a broader series of Top-5 or Top-10 finishes, head-to-head matchup bets, or props. These are where the consistent gains are made to ensure you can keep coming back week over week.

PGA Championship betting history

Here is a look at PGA Championship betting history for the past 11 tournaments.

YearWinnerPre-Tournament OddsWinning Score
2023Brooks Koepka+1800-9
2022Justin Thomas+2000-5
2021Phil Mickelson+25000-6
2020Collin Morikawa+3500-13
2019Brooks Koepka+1100-8
2018Brooks Koepka+2000-16
2017Justin Thomas+4500-8
2016Jimmy Walker+15000-14
2015Jason Day+1400-20
2014Rory McIlroy+500-16
2013Jason Dufner+2000-10

Biggest betting longshots in PGA Championship history

Phil Mickelson (2021) +25000

Lefty turned back the clock in May of 2021 with a sensational performance at Kiawah Island. He became the oldest golfer to win a major, as his victory came at 50-years-old. Mickelson finished 6-under, holding off Louis Oosthuizen and Brooks Koepka.

Jimmy Walker (2016) +15000

Walker picked up his 10th career win at the 2016 PGA Championship but hasn’t won since. He ranked 48th in the world at the time.

Keegan Bradley (2011) +15000

Bradley took down the 2011 PGA Championship as a PGA Tour rookie at just 25 years old. He ranked 108th in the world after already winning the HP Byron Nelson Championship earlier in the year.

YE Yang (2009) +12500

Ranking 110th in the world, Yang overcame a two-shot deficit to knock off Tiger in his Sunday red. It wasn’t only a breakthrough for Yang, but it also finally showed some cracks in Woods’ long-uncrackable armor.

Shaun Micheel (2003)

Not listed, was part of FIELD at +350

It’s fair to say those who had a hunch Micheel would win the 2003 PGA Championship weren’t justly rewarded. He ranked 169th in the world before his first and only career victory.

Rich Beem (2002)

Not listed, was part of FIELD at +1500

The same can be said for Beem and his 2002 victory, though the odds were at least slightly more profitable. He ranked 73rd in the world after winning The International just two weeks before. They were two of only three professional victories in his career.

David Toms (2001) +7000

Toms started off the run of long-shot winners in the early 2000s in the peak of Tiger vs. The Field. He ranked 20th in the world and worked his way up to eighth by the end of 2001.

PGA Championship fun facts

Most wins: 5 – Jack Nicklaus (stroke play era), Walter Hagen (match play era)

Youngest winner: Gene Sarazen (20 years, five months, 22 days) in 1922 at Oakmont Country Club

Youngest qualifier: Gene Sarazen (19 years old) in 1921

Oldest winner: Phil Mickelson (50 years old, 11 months) in 2021

Best comeback: John Mahaffey came back from seven strokes down entering the final round of the 1978 PGA Championship to win with a birdie on the second playoff hole over Tom Watson

Best career score relative to par: Tiger Woods (minus-46, 20 PGA Championships)

PGA Championship FAQ

Who qualifies for the PGA Championship?

The PGA Championship field is capped at 156 golfers each year. Those participants are selected on the following criteria:

  • Every former PGA Championship winner
  • The winners of the last five US Opens
  • Winners of the last five Masters
  • Winners of the last five Open Championships
  • The last three winners of The Players Championships
  • Current Senior PGA Champion
  • The top 15 finishers from the previous PGA Championship, including ties
  • Top 20 finishers from the last PGA Professional Championship (tournament for golf club professionals and teachers who are members of the Professional Golfers’ Association)
  • Top 70 from the official money standings on the PGA Tour for the period beginning one week before the previous year’s PGA Championship and ending two weeks before the current year’s tournament
  • Members of the most recent Ryder Cup teams for the USA and Europe, so long as they’ve remained in the top 100 of the Official World Golf Ranking the week prior to the PGA Championship
  • Any tournament winner co-sponsored or approved by the PGA Tour since the previous year’s PGA Championship

The PGA of America can invite additional players not included in the above criteria.

Vacancies can be filled by those ranked below 70th in the money standings.

Where is the PGA Championship this year?

Valhalla Golf Club in Louisville, Kentucky.

What are the highest and lowest scores to win the PGA Championship?

Since the PGA Championship was switched from a match play format to stroke play in 1958, four champions have won at 1-over par, but none since 1976. Jay Hebert (1960), Julius Boros (1968), Gary Player (1972) and Dave Stockton (1976) have all done so.

Has anyone ever won back-to-back PGA Championships?

Brooks Koepka became the sixth person to win back-to-back PGA Championships with his 2018 and 2019 victories. He joined Denny Shute, Leo Diegel, Gene Sarazen, Tiger Woods and Walter Hagen in accomplishing the feat.

Hagen holds the all-time record with four straight victories from 1924-1927. He shares the all-time record with Nicklaus with five wins.

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