PGA Championship Betting Odds & Favorites 2024: Top Dogs Head to Valhalla

Odds for the second major championship of the 2024 season — the PGA Championship — have hit the board. Rory McIlroy won the last time the PGA came to Valhalla Golf Club in 2014 — find out where he stands a decade later.

Last Updated: Aug 3, 2023 12:58 PM ET Read Time: 5 min
Rory McIlroy PGA Championship PGA Tour
Photo By - USA TODAY Sports

Following the Masters, the 2024 major championship season will continue at Valhalla Golf Club for the PGA Championship on May 16-19.

Brooks Koepka captured his third PGA and fifth major title at Oak Hill in 2023, a victory that has him sitting fourth on the opening golf odds board to repeat in 2024. 

Above him is the standard trio of golf's biggest superstars: World No. 1 Scottie Scheffler, Jon Rahm, and Rory McIlroy. 

We break down their chances to win and more in our opening 2024 PGA Championship odds below. 

Odds to win the 2024 PGA Championship

Driver Odds to win 2024 PGA Championship
Scottie Scheffler +800
Jon Rahm  +800
Rory McIlroy +1,000
Brooks Koepka +1,200
Xander Schauffele +1,800
Patrick Cantlay +1,800
Viktor Hovland +2,500
Justin Thomas +2,800
Collin Morikawa +2,800
Cameron Smith +2,800
Tony Finau +3,500
Jordan Spieth +3,500
Dustin Johnson +3,500
Tyrrell Hatton +4,000
Sungjae Im +4,000
Max Homa +4,000
Matt Fitzpatrick +4,000
Jason Day +4,000
Shane Lowry +4,500
Hideki Matsuyama +4,500
Cameron Young +4,500

Odds courtesy of DraftKings as of Aug. 3, 2023.

Favorites to win the 2024 PGA Championship

Scottie Scheffler (+800)

No matter the course or the conditions, you can almost guarantee that Scottie Scheffler will be in contention at the majors. 

He finished runner-up behind Brooks Koepka at Oak Hill in 2023 and followed that up with a third-place finish at the U.S. Open. 

His run of top finishes in 2023 will inevitably come to an end, but barring some crazy drop in form, Scheffler is on the shortlist to win at Valhalla. 

Jon Rahm (+800)

Despite all of his success in recent years, the 2023 Masters champion has finished just T48 and T50 in the last two editions of the PGA Championship. 

His form has trended downward since his win at Augusta but he remains one of the most consistent forces on the PGA Tour. He'll surely be a threat here in 2024. 

Rory McIlroy (+1,000)

The last time the PGA Championship came to Valhalla, Rory edged out Phil Mickelson to win by one shot. 

The four-time major winner has been incredibly consistent at the majors over the last two years and that includes Top-10 finishes in the last two editions of this event.

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PGA Championship recent winners and odds history

Let's take a look at some recent PGA Championship winners and their closing odds to win:

Year Golfer Closing odds
2023 Brooks Koepka +2,000
2022 Justin Thomas +1,600
2021 Phil Mickelson +20,000
2020 Collin Morikawa +3,000
2019 Brooks Koepka +1,000
2018 Brooks Koepka +1,800
2017 Justin Thomas +3,500
2016 Jimmy Walker +12,500
2015 Jason Day +1,200
2014 Rory McIlroy +600
2013 Jason Dufner +3,000
2012 Rory McIlroy +1,800
2011 Keegan Bradley +15,000
2010 Martin Kaymer +4,000

Odds courtesy of SporstOddsHistory.

More major championship odds

Event Favorite Odds
U.S. Open (2024) Scottie Scheffler/Jon Rahm +800
The Open Championship (2024) Rory McIlroy +800

Odds courtesy of bet365 as of Aug. 3, 2023.

How to bet on golf

The PGA Championship is one of the most bet golf events of the year, so naturally, there are many who will be placing their first golf bets on the tournament. If that happens to be you, we've got you covered with our beginner's guide to how to bet on golf.

The most popular way to bet on golf is by simply picking the winner, which is referred to as an outright. There are plenty of other ways to wager, however, including top finishers, head-to-head matchups, and plenty of props.

How to read golf tournament lines

In golf betting, the most common type of bet is the "outright" bet, where you pick one golfer to win the tournament. Here's how to read the odds:

Look for the golfer's name and their odds listed beside it. For example, if you see "Jon Rahm +800", it means that Jon Rahm is listed at odds of +800 to win the tournament outright.

The odds reflect the golfer's chances of winning the tournament, with higher odds indicating a lower probability of winning.

The odds are usually presented in American format, which means that positive odds represent the amount you can win for a $100 bet. For example, if Rahm is listed at +800, it means that you would win $800 on a $100 bet if he wins the tournament.

Negative odds represent the amount you need to bet to win $100. For example, if a golfer is listed at -150, it means that you would need to bet $150 to win $100 if that golfer wins the tournament.

Golf tournament lines may also include other types of bets, such as head-to-head matchups between two golfers. In these cases, you simply pick the golfer who you think will perform better in the tournament.

Overall, reading golf tournament lines is similar to reading other sports betting lines, with odds indicating the golfer's chances of winning and the potential payout if they do win.

How do you qualify for the PGA Championship?

Qualifying for the PGA Championship involves several methods, including both automatic qualifications and exemptions based on performance. Here are the primary ways to qualify:

Winning a Major championship: Winners of the previous five editions of the PGA Championship automatically qualify for the tournament. This exemption applies even if the player does not meet other eligibility criteria.

Previous PGA Champions: Past winners of the PGA Championship are granted a lifetime exemption, which allows them to participate in the tournament as long as they remain active players.

Top finishers from previous PGA Championships: The Top 15 finishers from the previous year's PGA Championship automatically qualify for the next edition of the tournament.

Top PGA professionals: The PGA of America reserves a specific number of spots for club professionals. The top finishers in the PGA Professional Championship earn a place in the PGA Championship.

PGA Tour winners: Winners of PGA Tour events that offer full FedEx Cup points during the qualification period for the PGA Championship (from the previous PGA Championship until the current edition) receive an invitation to compete in the tournament.

Official World Golf Ranking: The top-ranked golfers in the Official World Golf Ranking (OWGR) as of a designated cutoff date before the PGA Championship automatically qualify. The number of spots allocated based on the OWGR varies each year.

Special invitations: The PGA of America has the discretion to extend special invitations to players who may not meet the above criteria but have demonstrated exceptional golf skills or have a compelling story.

PGA Championship Odds FAQS

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