Mickelson is the heavy favorite in Las Vegas

Phil Mickelson reacts to an eagle at Augusta National's 13th.

Phil Mickelson reacts to an eagle at Augusta National's 13th.

It’s hard to find anyone who thinks Phil Mickelson won’t win his fourth Masters title and fifth major championship today.

The line in Las Vegas is 5/4 in favor of Mickelson and 7/2 for Sweden’s Peter Hanson, who leads Mickelson by one stroke entering today's final round at Augusta National, to pull off a mild upset.

Mickelson is more knowledgeable than playing competitor Hanson about how to play Augusta National. In his 20th Masters appearance, the left-hander has a record of 44 rounds under par, including 26 rounds in the 60s. He shot 68 on Friday and 66 on Saturday.

Hanson is playing in only his second Masters, having missed the cut in 2011. He has broken par twice, the last coming with a third-round 65 on Saturday.

Former Open Championship winners Louis Oosthuizen (11/2) and Padraig Harrington (30/1) join Mickelson as former major winners on the leaderboard.

At the start of the week, Tiger Woods was the favorite at 9/2 and Ulsterman Rory McIlroy close behind at 9/2, with Mickelson at 10/1 and Hanson 125/1.

But oddsmakers have flipped to Mickelson and Hanson and away from the favorites, with Woods and McIlroy now part of a field bet at 15/1.

Odds to win the 76th Masters after the third round

  • Phil Mickelson, 5/4
  • Peter Hanson, 7/2
  • Louis Oosthuizen, 11/2
  • Bubba Watson, 7/1
  • Matt Kuchar, 15/1
  • Lee Westwood, 20/1
  • Hunter Mahan, 25/1
  • Padraig Harrington, 30/1
  • Henrik Stenson, 40/1
  • The field, 15/1
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