Why is Tiger Woods among the favorites to win the PGA Championship?

Three down, one to go.

As golf puts another classic Open Championship in the rearview mirror, it’s time to turn our attention to the final major on the calendar, the PGA Championship. For the third time, the PGA Championship (Aug. 13-16) will be held at Whistling Straits in Wisconsin. Vijay Singh won in 2004 and Martin Kaymer won in 2010.

We know it’s early, but curiosity got the best of us, and we wanted to know what the odds look like to win next month. Here they are, according to the Bovada sportsbook:

Favorites

Jordan Spieth: 9 to 2
Rory McIlroy: 6 to 1
Dustin Johnson: 10 to 1
Adam Scott: 16 to 1
Jason Day: 16 to 1

Middle Choices

Justin Rose: 18 to 1
Rickie Fowler: 18 to 1
Bubba Watson: 20 to 1
Henrik Stenson: 22 to 1
Phil Mickelson: 25 to 1
Sergo Garcia: 25 to 1

Longer Shots to Win

Louis Oosthuizen: 33 to 1
Martin Kaymer: 33 to 1
Tiger Woods: 33 to 1
Brooks Koepka: 40 to 1
Hideki Matsuyama: 40 to 1
Jimmy Walker: 40 to 1
Matt Kuchar: 40 to 1
Zach Johnson: 40 to 1

Analysis

Look, we get it, he’s a 14-time major champion. But what the heck is Tiger Woods doing at 33 to 1? He’s at shorter odds than Zach Johnson, who just won the British Open. Woods is ranked 258 in the world. 258! Woods has missed the cut at the last two majors by a combined 18 strokes. This isn’t meant to be a Tiger bash, but this just makes no sense. At the moment, the guy is a shell of his former self.

What does make sense is seeing Jordan Spieth as the betting favorite. At 9 to 2, those seem like good odds. Rory McIlroy is the second betting favorite at 6 to 1. He’s the defending champion, but questions remain about his health and whether or not his ankle will heal in time to play.

It’s a bit surprising (at least to this writer) to see Adam Scott at 16 to 1. He’s been alright at Whistling Straits, finishing T9 in 2004 but a disappointing T39 in 2010. I’m not touching him at those odds.

What’s your take on the PGA Championship odds? Do you like the favorites, or is their someone lurking further down the board you’ve got your eye on? Let us know who you’re putting smart money on!