Tiger Woods is going for his fifth Masters win at Augusta this week and Ladbrokes will pay out on the runner-up as a winner if the 14-time Major winner makes it 15 on Sunday night.
The current world number six, who will go to number three with a win at Augusta, is the 9/2 favourite and Ladbrokes are confident that Woods will pick up his fifth Green Jacket this weekend, prompting them into paying out on the runner-up as a winner.
Heading into the tournament Woods has also seen his odds cut to 5/2 (from 3/1) of winning more than 19 Majors in his career.
As the second favourite at 6/1 in the betting, Rory McIlroy is hot on the heels of Woods in his quest for his first Masters success. However, after coming so close yet so far last year it's 9/1 that McIlroy faces another meltdown and loses his grasp on the trophy after leading for 63 holes.
Elsewhere, and following his victory at the Shell Houston Open, Hunter Mahan has been slashed to 20/1 (from 40/1) for a win at Augusta National.
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Meanwhile, English golfers Luke Donald (16/1), Lee Westwood (20/1) and Justin Rose (33/1) are attracting all the each-way money from patriotic punters in the run up to Thursday's big tee off.
Ladbrokes bookies are also paying out five places, which sees Phil Mickelson (13/8) Donald (12/5), Westwood (3/1) and Mahan (4/1) all vying for a place with Woods (4/11) and McIlroy (8/13).
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