2024 Arnold Palmer Invitational odds: Our long-shot pick is looking for his third PGA Tour win

All the stars are in Bay Hill for the 2024 Arnold Palmer Invitational, but we’re picking a long shot has two PGA Tour wins and is hot on the trail of a third. Here’s our pick, the Arnold Palmer Invitational odds, betting favorites and everything else you need to know.

Arnold Palmer Invitational odds: Long-shot bet

Amid a stacked field and stacked purse for this week’s Signature Event at Bay Hill, we’re picking South African pro Erik van Rooyen as our long shot at +8000 odds to win.

A two-time PGA Tour winner, van Rooyen has proven himself a capable champion, most recently in November at the World Wide Technology Championship.

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And the 34-year-old pro is currently on a hot streak. Two weeks ago he finished T8 at the Mexico Open at Vidanta, and then he earned a runner-up at last week’s Cognizant Classic at The Palm Beaches, which included a final-round 63.

If you put $10 on van Rooyen to win and he pulls it off, you’ll earn $800. For insurance, consider placing additional small bets on van Rooyen to finish top 10 and top 20.

Looking for more long-shot bets for the Arnold Palmer Invitational? Our honorable mentions this week are Chris Kirk (+6000) and Kurt Kitayama (+6600).

Arnold Palmer Invitational odds: The favorites

With its Signature Event status, the Arnold Palmer betting favorites feature the best players in the game. Leading the way is Scottie Scheffler at +650 odds to win. Four-time major champion Rory McIlroy is playing for the second week in a row, and his odds to win are +900.

Filling out the top five in betting odds are Viktor Hovland (+1400), Xander Schauffele (+1400) and Patrick Cantlay (+1600).

You can see the top 15 in Arnold Palmer Invitational betting odds as of Tuesday afternoon below or head over to BetMGM to see the full list of odds and bets for this week.

2024 Arnold Palmer Invitational betting odds (Top 15 and ties)

Scottie Scheffler (+650)
Rory McIlroy (+900)
Viktor Hovland (+1400)
Xander Schauffele (+1400)
Patrick Cantlay (+1600)
Jordan Spieth (+1800)
Collin Morikawa (+2000)
Ludvig Aberg (+2000)
Max Homa (+2200)
Sam Burns (+2200)
Cameron Young (+2500)
Justin Thomas (+2500)
Matt Fitzpatrick (+2800)
Will Zalatoris (+2800)
Tommy Fleetwood (+3000)