According to Ladbrokes, a British betting parlor, Woods has a 7:4 chance of securing his fourth consecutive major championship.
Andy Clifton of Ladbrokes talks about this year's odds
At better than 2:1, Woods is the clear betting favorite. Defending champion Vijay Singh is second on the list at 10:1. Phil Mickelson and Davis Love III are also popular with the public at 14:1.
Tigers odds are his lowest ever in this event. He was a 16:1 favorite when he first won the Masters Tournament in record-fashion in 1997. Last year, he drove through Magnolia Lane with 9:4 odds.
Though always the tournament favorite, Woods furthered his odds by winning each of his previous two starts, the Bay Hill Invitational and The Players Championship.
David Duval is listed at 25:1 to win his first major, while Ernie Els stands on that same number to collect his third. Colin Montgomerie is the European favorite at 33:1.
Lee Westwood was also given 33:1 odds, but the Englishman will likely miss this years tournament due to the expectant birth of his first child. The due date is April 6th, the Friday of the Masters.
One year ago, Singh overcame 40:1 odds to win his second career major. Nick Price has those very same odds in 2001.
Greg Norman is a long shot at 80:1 to finally capture that elusive green jacket.
Since his 18-under-par performance in 97, Woods has been the pre-tournament favorite every time the first weekend in April rolls around. In 1998 he was a 5:1 favorite; in 99 those odds grew, but only slightly to 6:1.
Last year, Woods failed to overcome an opening-round 75 to finish in fifth place. He then went on to win the U.S. Open by 15 strokes at 12-under-par; the British Open by eight shots at 19-under; and the PGA Championship (18-under) in a playoff over Bob May. All three winning scores were tournament records.
As the event approaches, the debate as to whether or not a Woods victory would constitute a Grand Slam continues. However, Ladbrokes defines the Slam in terms of four majors won in a calendar year. Theyre offering 20:1 odds that Tiger will accomplish that in 2001.
Full Coverage of the 2001 Masters Tournament