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PGA Championship betting: A Tiger Woods win would be the worst loss ever for BetMGM

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A Tiger Woods win at the PGA Championship would be one of the biggest victories in golf history. And it would be historically bad for BetMGM.

Woods enters the 2022 PGA at Southern Hills Country Club in Tulsa at +6600 to win. He’s tied for the 20th-best odds in the field and is the biggest liability for the sportsbook. Simply put, BetMGM says it’ll lose the most money it ever has on a single event if Woods wins his 16th major.

“If Tiger were to win, it would be the biggest losing result in BetMGM history,” BetMGM’s Jason Scott said. “Tiger missing the cut would be a good outcome for the sportsbook.”

Scott's statement is further proof of the hold that Woods has on the golf world. He's still one of the most popular figures in sports and there are a lot of bettors wagering with their hearts this weekend as Woods chases Jack Nicklaus' record of 18 major wins.

The PGA is Woods’ second tournament after his 2021 car crash. Woods made his return to competitive golf at the Masters in April and wore down as the week went on as he was still hobbled by his surgically repaired right leg. Woods had sustained an open fracture and multiple broken bones in his right leg during the crash in Rancho Palos Verdes, California, on Feb. 23, 2021.

TULSA, OK - MAY 16: Tiger Woods on the 13th hole during a practice round for the 2022 PGA Championship at the Southern Hills on May 16, 2022 in Tulsa, Oklahoma. (Photo by Darren Carroll/PGA of America)
Tiger Woods on the 13th hole during a practice round for the 2022 PGA Championship at the Southern Hills on Monday. (Photo by Darren Carroll/PGA of America)

Woods made the cut at the Masters after he was 1-over through the first two rounds. He shot a 6-over 78 on each of the last two days of the tournament.

Woods has spent the time between the Masters and PGA rehabbing and practicing to be stronger this weekend as he returns to the site of his 2007 PGA Championship win. Woods won the last major held at Southern Hills as he finished two shots ahead of Woody Austin 15 years ago.

Given the amount of money that has been bet on Woods so far, it’s safe to say his odds are inflated due to his stature as the biggest name in golf. He has the same odds as two-time 2022 winner Max Homa and better odds to win the tournament than the likes of Adam Scott, Louis Oosthuizen, Tommy Fleetwood, Billy Horschel and Jason Day.

Woods is -125 to make the cut at the PGA Championship and +100 to miss the cut. He was at +115 to miss the cut earlier in the week but a bettor dropped those odds with a $13,000 wager on a missed cut for Woods. As of Tuesday, 58% of bets and a staggering 97% of the handle on Tiger's cut result is on him missing the weekend.