As the final major tournament of 2013 approaches, Tiger Woods is playing his best golf of the year. He won the Bridgestone Invitational this past weekend by seven strokes, following shooting a 61 in the second round. He’s been atop the world golf rankings for 31 straight weeks.

On Aug. 8, Woods is the favorite to win the PGA Championship. The online betting Web site Bovada has set his odds at 7/2. A victory would be Woods’s first major since 2008, and first PGA Championship win since 2007. At the Open Championship last month, the 37-year-old tied for sixth place.

Phil Mickelson is the second favorite as he comes off a victory at the British Open. His odds are set at 12/1 to win the tournament that he first won in 2005.

Despite being ranked No.3 in the world behind Woods and Mickelson, Rory McIlroy comes in at tied for seventh. His odds are set at 28/1 after having struggled recently. The 24-year-old won the event handily in 2012. His 13-under par was eight shots better than second-place finisher David Lynn.

Justin Rose finished tied for third at last year’s tournament. His 25/1 odds make him the fourth favorite, along with Brandt Snedeker and Henrik Stenson.

Taking home the green jacket this year has helped make Adam Scott one of the top favorites at each major. He comes in at 18/1, and will play alongside Mickelson and Rose for the first two rounds of the tourney.

Below are individual betting odds for the 2013 PGA Championship. Twenty-three golfers come in at 50/1 or better.

Tiger Woods 7/1

Phil Mickelson 12/1

Adam Scott 18/1

Brandt Snedeker 25/1

Henrik Stenson 25/1

Justin Rose 25/1

Lee Westwood 28/1

Rory McIlroy 28/1

Charl Schwartzel 33/1

Dustin Johnson 33/1

Hunter Mahan 33/1

Keegan Bradley 33/1

Luke Donald 33/1

Matt Kuchar 33/1

Graeme McDowell 40/1

Jason Day 40/1

Jason Dufner 40/1

Sergio Garcia 40/1

Bill Haas 50/1

Bubba Watson 50/1

Ian Poulter 50/1

Rickie Fowler 50/1

Steve Stricker 50/1

Zach Johnson 50/1