Tiger Woods is the favorite to win the Masters at Augusta National Golf Club, according to the Las Vegas Hotel and Casino Sportsbook.

Rory McIlroy was the favorite to win the Masters, beginning April 5, but Tiger's most recent win Sunday at the Arnold Palmer Invitational altered the betting lines.

A 7-to-1 favorite before Bay Hill, Tiger has increased his odds to 4-to-1 after picking up his first PGA Tour win since September of 2009.

McIlroy is right behind him with 5-to-1 odds to take the event and three-time Masters champion Phil Mickelson is listed as 10-to-1.

Woods is a four-time green jacket recipient. His most recent win at Augusta was in 2005.