2024 PGA Championship Odds, Betting Trends: Everything You Need To Know

Patrick Everson Sports Betting Expert

3 minute read

PGA Championship odds head to the final round, and surprisingly, pre-tourney favorite Scottie Scheffler likely won't be part of the Sunday equation. But Xander Schauffele will be, as he continues to set the pace.

Schauffele remains atop odds to win the PGA Championship, hoping to earn his first major title. But he's got plenty of good company nearby, including Collin Morikawa and a red-hot Shane Lowry.

Here's everything you need to know about the 2024 PGA Championship odds market: action, movement and betting trends. Check back regularly for updates, as bookmakers provide their insights on PGA Championship futures odds and more. And be sure to use our BetMGM bonus code to get more when you wager.

PGA Championship Odds

Schauffele Steady

UPDATE 8:30 P.M. ET SATURDAY: Schauffele continued to smoothly make his way around Valhalla on Saturday. He shot his second straight 68 – following his huge opening-round 9-under 62 – for a 15-under 198 total.

The SuperBook has Schauffele as +225 chalk on its PGA Championship odds board. But he's not alone atop the leaderboard. Collin Morikawa shot 67 to match Schauffele at 198. Morikawa is the +275 second choice.

There are six more players within three shots of the lead and 13 within five strokes. The SuperBook, for one, hopes Schauffele hangs in.

"Schauffele is still a good result. I think there's always concern with a guy who has found ways to lose when he's been in contention so often," SuperBook risk supervisor Chase Michaelson said. "But at the same time, a guy who is such a consistent top player on tour is bound to break through at some point, you would think."

This season, Schauffele has eight top-10 finishes in 12 starts, including two second-place efforts. But he hasn't won yet.

"Schauffele is in the mix every week. But there must be some mental hurdles he struggles with that prevent him from winning more," SuperBook oddsmaker/risk manager Neil Fitzroy said.

Arrested Development

UPDATE 8:30 P.M. ET SATURDAY: Scheffler has four wins in his last five tournaments, including last month's Masters. He was running so red-hot that it appeared even an arrest Friday morning couldn't keep him out of the running.

But Saturday, the World No. 1 fell apart during the first four holes. After a par on the No. 1, he went double bogey-bogey-bogey on holes 2-4 to fall from 9 under to 6 under. And he gained back only a little of that ground the rest of the way, with four birdies offset by three bogeys.

So Scheffler is now a distant eight shots back at 7-under 206. He was the +450 pre-tourney favorite and was still the +300 second choice entering Round 3. But he's now a +25000 long shot (250/1) in odds to win the PGA Championship.

"Scheffler would've been fine for this tournament. But we put up a prop after Augusta of 'Will Scheffler Win the Grand Slam?'" Michaelson said. "We attracted pretty significant liability on that. So as it looks like he won't win here, that'll be good to get out of the way.

Michaelson jokingly tipped his cap to SuperBook golf oddsmaker/vice president of risk Jeff Sherman.

"It's just like we drew it up. Jeff is such a great handicapper that he factored the Louisville Metro Police Department into the odds of that quadruple," Michaelson said.

Sugar Shane

UPDATE 8:30 P.M. ET SATURDAY: Shane Lowry was the huge mover on Saturday. The Irishman began his round at 4 under, eight strokes off the lead. Then he poured in nine birdies and no bogeys, and barely missed a birdie try on 18 that would've set a single-round record for a major.

Lowry's 9-under 62 put him right in the thick of things with a 13-under 200 total. He's tied for fourth with DeChambeau, Hovland and Sahith Theegala. Lowry is the +1200 sixth choice in The SuperBook's PGA Championship odds market.

"Lowry went off [Thursday] at 150/1 and was as high as 400/1 going into today, and attracted little interest. All he's gotta do is shoot another 62, and I predict he'll win," Michaelson jokingly said. "In all seriousness, the guys who play the outlier great rounds, especially when that's not the level they've been at on tour, are the kind of players that the wiseguys look to fade the next day.

"Lowry is a great result, but I would be surprised if he wins."

Justin Rose was in Lowry's group and had a big round, as well. Rose shot 7-under 64 to post a 12-under 201 total, tied for seventh.

Theegala is the +650 third choice in PGA Championship odds. DeChambeau is the +750 co-fourth choice with Hovland. Rose is the seventh choice, but he's well back at +4000. The SuperBook is good to most of the leaders heading to Sunday.

"Morikawa is good, Theegala is good, Dechambeau is good, Justin Rose is really good," Michaelson said. "Hovland is the main guy we're rooting against. He's certainly talented, but he hasn't been playing well at all this season. I think that would be a pretty big surprise if he went out and won this tournament."

Patrick Everson

Patrick Everson is a senior reporter for VegasInsider. Based in Las Vegas since 1994, he's worked in the sports betting journalism/content space for more than a decade. He's most known for his deep roster of contacts behind sportsbook counters, providing readers and viewers with the ins-and-outs of how events are being bet. He's also a thought leader in the sports betting space, often appearing on or moderating panels at national conferences. More from Patrick Everson