Tiger Woods is betting favorite to win the Masters

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Tiger Woods’ announcement that he’ll return to golf -- and play at the Masters -- is only a couple of hours old, but a British gambling site already has pegged him as the favorite to win the tournament.

Gambling site VictorChandler.com lists Woods as a 9-2 favorite to win the Masters -- he’s already won the tournament four times. Their second favorite is Phil Mickelson at 8-1 (lefty has won the Masters twice), followed by Padraig Harrington at 16-1, and Ernie Els and Steve Stricker at 20-1.

Other notable picks include: Anthony Kim, Jim Furyk, Vijay Singh and Zach Johnson at 40-1. Defending Masters champion Angel Cabrera is 50-1. And Y.E. Yang, who beat Woods to win the PGA in August, is at 125-1.

--Barry Stavro