2024 PGA Championship Updated Odds: Scottie Scheffler Favored at +470

It's time to jump into the 2024 PGA Championship odds as the second men's major championship of the year is here.

Valhalla Golf Club hosts this week's 2024 PGA Championship and is a 7,609-yard par-71 with greens running at 13 on the stimpmeter. 154 golfers will compete this week for the Wanamaker Trophy.

The man who won the first major championship this year at last month's Masters, Scottie Scheffler, is the outright betting favorite by a wide margin this week at +470 odds at bet365, with Rory McIlroy behind him at +800 following McIlroy's dominant win at the Wells Fargo Championship on Sunday.

Find the complete outright odds board for the 2024 PGA Championship below as of Wednesday afternoon below.

2024 PGA Championship Updated Odds

Odds via bet365

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2024 PGA Championship Updated Odds

Scottie Scheffler is once again the outright betting favorite this week as he has +470 odds to win the 2024 PGA Championship. His odds sat at +350 prior to Sunday, but McIlroy's dominant victory at Quail Hollow helped boost Scheffler's odds.

The two-time major championship winner has won in four of his last five starts on the PGA Tour, including a win at the first major of the year at the Masters, where he won by four shots over Ludvig Åberg.

His only start in this span without a win came when he finished a shot behind winner Stephan Jaeger at the Texas Children's Houston Open, where Scheffler missed a six-foot putt on the last hole that would have sent him to a playoff.

Scheffler hasn't played since his win at the RBC Heritage as he and his wife Meredith have been expecting the birth of their first child. Scheffler statistically remains head and shoulders above the rest of the PGA Tour as he ranks first in Strokes Gained (SG): Total (2.851), SG: Tee to Green (2.835), SG: Approach the Green (1.398), Birdie or Better Percentage (30.91%) and Scoring Average (67.46), among others.

The Texas Longhorn will make his first start at Valhalla this week and his fifth overall PGA Championship appearance. He has finished in the top 10 in three of his four PGA Championships, including his tie for second at Oak Hill Country Club last year.

Reigning PGA Championship winner Brooks Koepka was the lone golfer to beat Scheffler in this tournament last year, and he enters with +1650 odds to defend his title this week. The five-time major winner tied for 45th at the Masters but enters with momentum after winning in his last start at LIV Singapore. Koepka has won three of the last six PGA Championships and tied for 15th in the 2014 PGA Championship at Valhalla.

Rory McIlroy won that 2014 PGA Championship here in Louisville and has the second-shortest odds to win this week at +800 behind only Scheffler. McIlroy enters in strong form as well after winning in his two most recent starts at the Wells Fargo Championship by five shots and the Zurich Classic of New Orleans with Shane Lowry in the PGA Tour's two-man team event.

Before Sunday's final round at the Wells Fargo Championship, McIlroy sat at +1000 odds to win at Valhalla, but his odds have since shortened after his final-round 65 at Quail Hollow.

Half of McIlroy's four major championship victories have come at the PGA Championship with his win here in 2014 along with a win at Kiawah Island in 2012. The 25-time PGA Tour winner has finished in the top 10 in each of the last two PGA Championships and in eight of his 15 total appearances at this event.

The man whom McIlroy battled in the final round at Quail Hollow, Xander Schauffele, sits at +1650 to win his first major. Schauffele hasn't won since the 2022 Genesis Scottish Open but has undoubtedly been an elite player on the PGA Tour this season. His consistency has been remarkable as he is overwhelmingly likely to clinch his eighth top-10 finish in 12 starts this season at the Wells Fargo Championship.

The San Diego State Aztec also leads the PGA Tour in consecutive made cuts with 45 as he has very few weaknesses in his game and only has one finish outside the top 25 this season (a T54 at the AT&T Pebble Beach Pro-Am). Schauffele has top-20 finishes in four of the last five PGA Championships, with his best result being a tie for 10th at the 2020 PGA Championship at TPC Harding Park in San Francisco, California.

With McIlroy looking like he will win the Wells Fargo Championship, he will join Scheffler and Koepka among the favorites at Valhalla who won in their most recent start before the PGA Championship.

Tiger Woods will also tee it up at Valhalla this week in his first start since the Masters at 280-1 odds to win his 16th major championship. Woods made the cut at the Masters but struggled on the weekend as he finished in 60th place, which was the worst among golfers who made the weekend at Augusta National.

The winner of the 1999, 2000, 2006 and 2007 PGA Championships did not play last year at Oak Hill when he was recovering from ankle surgery.

Woods missed the cut at the 2014 PGA Championship at Valhalla but won his fifth major at the 2000 PGA Championship at Valhalla in a three-hole playoff over Bob May.

Last year's Masters winner, Jon Rahm, is priced at +1850 to win the Wanamaker Trophy this week. The Spaniard's tie for 45th at the Masters was underwhelming, but he has played consistently on LIV Golf this season with top-10 finishes in all seven starts, including a T3 and a T10 since he teed it up at Augusta National.

Rahm has three top-15 finishes in his seven PGA Championship appearances, with his best result being a T4 in 2018.

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The other golfers in the field with outright odds of 25-1 or shorter at bet365 on Wednesday afternoon include:

• Ludvig Åberg (+2100)

Some other notables in the field this week and their outright odds include Bryson DeChambeau (+2900), Wyndham Clark (+4600), Justin Thomas (+6000) and Jordan Spieth (+7500).

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PGA Championship Past Winners

Koepka, McIlroy, Woods, Justin Thomas, Phil Mickelson, Collin Morikawa, Jimmy Walker, Jason Day, Jason Dufner, Keegan Bradley, Martin Kaymer, Y.E. Yang, Padraig Harrington, Shaun Micheel and Rich Beem are the past winners of the PGA Championship in the field this week.