Tiger Woods won the Masters on Sunday for his first green jacket since 2005, and the oddsmakers were quick to react.

Woods looking crisp while winning his 15th career major, and conversation about him catching Jack Nicklaus’ record of 18 is the forefront again. Woods will have three more shots this year, starting with the PGA Championship, which moves to May this year, followed by the U.S. Open in June and The Open Championship in July.

To no one’s surprise, FanDuel Sportsbook opened with Woods as the golf betting favorite for both majors. The 43-year-old is at +850 to win the PGA Championship and +950 for both the U.S. Open and The Open Championship.

Dustin Johnson Close Behind Woods at Sportsbooks

For the PGA – which moved from August for the first time this year – Woods is closely followed by Dustin Johnson and Rory McIlroy at +950 each. This year’s event will be played at the Black Course in Bethpage State Park where Woods has previously won (2008).

Johnson has never won the PGA Championship and hasn’t finished better than 13th there over the past three years. McIlroy hasn’t finished better than 17th in any of the past four PGA Championships but in the five years prior (2009-14) he won it twice and had five top-eight finishes.

The 2109 U.S. Open is at Pebble Beach Golf Links, where Woods crushed the field in the 2000 tournament, notching a record 272 and winning by 15 strokes. FanDuel Sportsbook has Woods listed as co-favorite with Dustin Johnson at +950 for this year’s U.S. Open. Johnson tied for third at the 2018 U.S. Open, his fourth top-four result in his past five appearances there, including a win in 2016.

The Open Championship is at Royal Portrush in Northern Ireland. Native son McIlroy is second favorite to win there at +1100, followed by Johnson at +1200.

Tiger Woods’ Masters Win Costs Sportsbooks

Woods’ memorable victory at Augusta National on Sunday was one of the biggest losses on record for sportsbooks. Many sportsbooks weren’t expecting him to reclaim the throne as they offered good odds on Woods winning. As a result, they took a bath. FanDuel Sportsbook lost $2 million and William Hill’s losses were also in seven figures.

Several sportsbooks took big bets on Woods, including William Hill, which operates the sportsbook at the SLS Casino in Las Vegas. They booked an $85,000 bet on Woods to win at 14/1 that paid out $1.19 million – the largest bet won by any single golf bet there. That wasn’t the only big winner on the day, though, as Super Book in Las Vegas had a $10,000 futures bet on Woods at 12/1.

Tiger Woods’ Win Came Out of Nowhere

Woods finished the 2018 campaign on fire, with five top-six finishes in his final eight starts, including a win. At that point, he opened as a 12/1 favorite to win The Masters. However, a sluggish start to 2019 – 10th or worse in all five of his starts – suggested that he wasn’t going to be a factor.

Woods was at +1800 when the golfers teed off on Thursday morning but his odds shortened throughout the week. As he climbed the leaderboard, he was +1500 at FanDuel Sportsbook on Friday morning, +750 Saturday morning and +400 Sunday morning. Woods shot 70 in the first round, then 68, 67 and 70 for 275 total, one stroke ahead of Johnson, Brooks Koepka and Xander Schauffele.