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Without Woods, McIlroy new Masters betting favorite

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With Tiger Woods missing the Masters next week following successful back surgery, oddsmakers have tabbed Rory McIlroy as the favorite to take home the green jacket.

Entering this week, many shops had Woods, McIlroy and Adam Scott as nearly equal co-favorites. With Woods now out of the field for the first time since 1994, McIlroy's odds were trimmed from 10/1 to 8/1 at the LVH Hotel & Casino in Las Vegas. Scott, meanwhile, remained at 10/1 and is now joined at those odds by Jason Day, who hasn't teed it up since winning the WGC-Accenture Match Play Championship in February.

Skybet, which operates out of the U.K., now lists McIlroy as a 7/1 favorite, followed by Scott at 9/1 and Phil Mickelson at 14/1. Here's a look at the revised odds for some of the Masters favorites following Woods' withdrawal:

Player LVH odds Skybet odds
Rory McIlroy 8/1 7/1
Adam Scott 10/1 9/1
Phil Mickelson 15/1 14/1
Jason Day 10/1 16/1
Dustin Johnson 15/1 18/1
Henrik Stenson 20/1 22/1
Bubba Watson 20/1 22/1
Matt Kuchar 20/1 25/1
Justin Rose 25/1 25/1
Zach Johnson 25/1 33/1