PGA Championship Odds: Favorites to Win the Wanamaker Trophy

Scottie Scheffler sits at +450 to top the PGA Championship board, a price that converts to 18.2% implied probability once the book’s cut is factored out. That number is a statement about the whole field as much as it is about one player, because a major with 80 names carrying a live price rarely lets any single golfer emerge as a heavy favorite.

Prices come from DraftKings, BetRivers, BetMGM, compared across 3 sportsbooks and updated September 9, 2026, and the further down the board you look, the more those books disagree. That disagreement is where the real work of this market lives.

2027 PGA Championship Odds by Sportsbook

Cutting a Full Field Down to a Short List

On paper this is the deepest field of the year, which is exactly why the board rewards discipline over recognition. Scottie Scheffler, Rory McIlroy at +800, and Jon Rahm at +1200 all sit near the top for reasons a bettor can check, but plenty of names below them are priced on reputation alone rather than anything happening right now.

The practical move is to treat every price on this board as a claim about current form, not career highlights. A famous name sitting a few slots above a lesser-known one isn’t automatically the better bet, and the gap between those two prices is often where the board is simply wrong.

What a Price Like Phil Mickelson Has to Prove

Phil Mickelson at +40000 is the clearest example of dead money sitting next to a live ticket, and the difference between the two comes down to whether the price still reflects something real. A long price only pays off when the player behind it has shown recent signs of contending, not just a recognizable name from a past run.

In a field this deep, most of the long prices are dead weight, kept on the board because someone has to fill out the numbers. The ones worth a small ticket are the players whose price hasn’t caught up yet to form that’s already visible if you look past the odds.

Shopping DraftKings, BetRivers, BetMGM matters more at this end of the board than anywhere else, since a longshot’s price can vary widely from one book to the next and a small edge there compounds fast on a bet this size.

What the Top of the Board Actually Pays

Backing Scottie Scheffler at +450 again and again pays out close to what 18.2% suggests it should over a long enough stretch, which is another way of saying the favorite is priced about right more often than not. That consistency is the trade-off for a price that rarely pays much on any single ticket.

The middle of the board is where the mistakes cluster. Players ranked just below the top group get priced on name value as often as on genuine contention, and that’s the same gap this market’s whole identity turns on, separating real threats from familiar ones.

None of that changes what a favorite bet is for. It’s a lower-variance way to have money on the outcome most likely to happen, while the value in this market sits in the players priced a tier or two below where their actual form says they belong.