Spieth installed as early Masters favorite

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Jordan Spieth came up short at the PGA Championship, but he left Whistling Straits as the new world No. 1 and can now take solace in the fact that he is the betting favorite to go back-to-back at the Masters in April. 

With 233 days until the first round at Augusta National, Jeff Sherman of the Westgate Las Vegas SuperBook has already compiled his list of odds for the first major of 2016. Topping Sherman's list is Spieth at 5-1, followed by world No. 2 Rory McIlroy, who will have a second crack at completing the career Grand Slam next spring. 

Fresh off his major breakthrough, Jason Day is listed at 10-1, while Dustin Johnson and two-time Masters champ Bubba Watson each begin with 15-1 odds. Four-time winner Tiger Woods comes in at 25-1, while Phil Mickelson is among a group at 30-1 and Tom Watson is listed at 1,000-1 in what will be his final Masters appearance.

With the caveat that these odds are sure to change before the first utterance of "Fore please, now driving," here is a look at how the (potential) field stacks up:

5-1: Jordan Spieth

6-1: Rory McIlroy

10-1: Jason Day

15-1: Bubba Watson, Dustin Johnson

25-1: Tiger Woods, Justin Rose, Adam Scott, Rickie Fowler

30-1: Phil Mickelson, Henrik Stenson

40-1: Hideki Matsuyama, Brooks Koepka, Matt Kuchar

50-1: Sergio Garcia, Jimmy Walker, Patrick Reed, Louis Oosthuizen

60-1: Zach Johnson, Brandt Snedeker, Paul Casey, Branden Grace, Justin Thomas

80-1: Charl Schwartzel, J.B. Holmes, Jim Furyk

100-1: Martin Kaymer, Lee Westwood, Ian Poulter, Angel Cabrera, Luke Donald, Keegan Bradley, Billy Horschel, Bill Haas, Hunter Mahan, Robert Streb, Victor Dubuisson, Shane Lowry, Marc Leishman, Tony Finau, Danny Lee

125-1: Russell Henley, Kevin Na, Ryan Palmer, Chris Kirk, Harris English, Ryan Moore, Nick Watney, Jason Dufner, Graeme McDowell

150-1: Webb Simpson, Gary Woodland, David Lingmerth, Kevin Kisner, Charley Hoffman, Graham DeLaet, Danny Willett, Francesco Molinari, Cameron Smith, Jonas Blixt, Ernie Els

200-1: Padraig Harrington, Steve Stricker, Fred Couples, Brendan Steele, Bernd Wiesberger, Brendon Todd, John Senden, Jamie Donaldson, Byeong-Hun An, Kevin Chappell, Scott Piercy, Kevin Streelman, Will Wilcox, Matt Jones, Tommy Fleetwood, Ollie Schniederjans, Austin Cook, Thorbjorn Olesen, Camilo Villegas, Miguel Angel Jimenez, Anirban Lahiri, Steven Bowditch, Patton Kizzire

250-1: Thongchai Jaidee, Ben Martin, George Coetzee, Russell Knox, Charles Howell III, Patrick Rodgers, Morgan Hoffmann, Geoff Ogilvy, Daniel Berger, Seung-Yul Noh, K.J. Choi, Martin Laird, Tim Clark

300-1: Marc Warren, Thomas Bjorn, Matthew Fitzpatrick, Cameron Tringale, Brendon de Jonge, Brian Harman, Emiliano Grillo, Joost Luiten, Nicolas Colsaerts, Alexander Levy, Shawn Stefani, Boo Weekley, Retief Goosen, Peter Uihlein, Chris Wood, Andy Sullivan, James Morrison, Vijay Sing, Hao-Tong Li

500-1: Jeunghun Wang, Kiradech Aphibarnrat, Matt Every, Troy Merritt, Stephen Gallacher, Fabian Gomez, Pablo Larrazabal, Matteo Manassero, Ryo Ishikawa, Stewart Cink, Hiroshi Iwata, Mikko Ilonen, John Rahm, Marcus Kinhult, Maverick McNealy, Trevor Immelman, Mike Weir, Bernhard Langer

1,000-1: Darren Clarke, Mark O Meara, Jose Maria Olazabal, Tom Watson, Romain Langasque

2,000-1: Sandy Lyle

5,000-1: Ian Woosnam, Larry Mize