At Bodog, we’re giving Tiger 6/1 odds to win the 2011 Masters, followed by defending champion Phil Mickelson at 8/1, and Martin Kaymer and Lee Westwood, the world’s No. 1 and No. 2 golfers according to the official rankings, respectively, each at 14/1.

On Thursday, Woods took to Twitter and wrote, “Logging so many hours heading into Augusta this week. Nervous, excited, hoping the hard work pays off.”

Based on his 2011 results, some hard work was necessary. Woods is coming off a ho-hum performance at Bay Hill, where he finished in a tie for 24th, seven strokes back of the winner, Martin Laird.

What you might be surprised to learn is that Woods is also the favourite to be slipping on the green jacket on Sunday. This despite not having won a tournament since the 2009 Australian Masters.

The Arnold Palmer Invitational was far from a disaster for Woods, but a 74-72 weekend had to be disappointing after being in contention following a 68 on Friday. Of particular concern had to be his driving accuracy, which tallied 51.8 percent. Laird, on the other hand, hit more than 70 percent of fairways on his way to victory.

Woods currently ranks 187th in driving accuracy. He’s 189th in total driving, which takes into account distance and accuracy off the tee.

While it’s true that Woods hasn’t won the Masters since 2005, it’s also true that he hasn’t finished worse than a tie for sixth in the five tournaments since. Last year he ended up in a tie for fourth, five strokes behind Mickelson. And that was his first tournament in 20 weeks following a sex scandal that you might’ve read about in the news.

Tiger is a four-time Masters champion and has 11 top 10s in his last 14 tries. Obviously Augusta is a course he enjoys playing.

In addition to Tiger and the rest of the favourites, we’re also seeing strong betting support for a number of the young PGA Tour stars like Rory McIlroy (20/1), Rickie Fowler (40/1) and even 19-year-old Japanese sensation Ryo Ishikawa (125/1), who has appeared in two Masters and been cut on both occasions.

If you ask McIlroy, however, betting on young golfers at Augusta might not be so smart.

"I think I can speak on behalf of a lot of the guys who have only played there a couple of times; it takes a while to learn the golf course and it takes a while to feel 100 percent comfortable on it,” said McIlroy.

"Of course the Masters is always going to be a tournament that everyone in the field feels that they can win, but I think you’ll still see the usual suspects up there on Sunday."

For all your 2011 Masters odds and PGA Tour betting, visit the Bodog sportsbook.