2023 Arnold Palmer Invitational – Golf Odds, Betting Tips & Predictions

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Last Updated on: 02.03.2023

The Arnold Palmer Invitational is a PGA Tour professional golf tournament that takes place annually in March at the Bay Hill Club and Lodge in Orlando, Florida. A key leg of the Florida swing, read on to learn more about this event, including popular betting markets and tips.

Tournament Structure for Arnold Palmer Invitational

The Arnold Palmer Invitational is a typical stroke play tournament won by the player who finishes their fourth round on Sunday with the lowest under-par score.

Prior to the final day, which is always a Sunday, there will have been three rounds from Thursday onwards, resulting in one round per day. At the end of day two, on Friday evening, there will be a cut introduced, which will remove struggling players from the field and eliminate them from that year’s competition.

In the event of a tie, there will be a three-hole playoff that will be undertaken after close of play on Sunday. From 2017 onwards, the winner has received a red cardigan in honour of the deceased Arnold Palmer.

Play takes place at the Bay Hill Club, a private golf club located in Bay Hill, Orlando, Florida. The course plays as a par-72 and stretches 7,466 yards. It was originally designed by Dick Wilson and later re-designed by Arnold Palmer, after whom this invitational is named.

Can't get enough of golf? Go check out similar tournaments such as the Sony Open in Hawaii, the RBC Heritage, and the Scottish Open.

Best Betting Sites We Recommend for the Arnold Palmer Invitational

Paddy Power logo
Paddy Power
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Betfair logo
  • Betting exchange provides terrific odds
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  • Available on mobile

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bwin logo
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Arnold Palmer Invitational Betting Odds, Promotions, Tips & Predictions

The Arnold Palmer Invitational runs from Thursday, 2nd March to Sunday, 5th March 2023. With the tournament looming, we have a few Arnold Palmer Invitational odds and tips that we would like to share with you. Scroll below for further details to find the latest prices and our predictions.

Arnold Palmer Invitational 2023 Winner Odds

Jon Rahm6/1bet365
Rory McIlroy9/1Paddy Power
Scottie Scheffler9/1Betfred
Collin Morikawa16/1BoyleSports
Xander Schauffele16/1Unibet
Max Homa18/1William Hill
Will Zalatoris18/1Betfair
Tony Finau20/1Coral
Justin Thomas22/1888sport
Patrick Cantlay22/1Parimatch
Viktor Hovland25/1888sport
Jason Day25/1Coral
Sungjae Im28/1Unibet
Cameron Young28/1William Hill

Arnold Palmer Invitational Betting Tips & Predictions 2023

The PGA Tour roadshow heads over this week to Bay Hill Club & Lodge for the Arnold Palmer Invitational, which represents the second leg of the Florida swing. Last weekend, we bore witness to Chris Kirk’s remarkable play-off victory at the Honda Classic, which saw the 37-year-old secure his first PGA Tour title in eight years. After skipping the Honda Classic, many of the world’s top 50 players will be teeing it up at the Arnie Palmer Invitational, and unsurprisingly, Jon Rahm is heading the betting markets. The Spaniard has been in scintillating form, winning four times in his past nine worldwide starts. 2023 already has the ingredients to be an annus mirabilis for him.

He currently ranks first for greens in regulation (76%), and he is sixth for driving distance (316 yards). Bay Hill Lodge is mostly flat, but it has plenty of water features and challenges per hole. Currently, the favourite at 6/1, Rahm could take some stopping if he gets off to a quick start.

Arguably, Scottie Scheffler will garner plenty of attention. The Phoenix Open winner is the reigning Arnie Palmer Invitational champion, and in some of the toughest conditions 12 months ago, he fired an even-par round of 72 to finish one shot clear of Tyrrell Hatton on five under. Only 10 players finished the tournament under par, and the 2022 scoring average was 75.48, which gives an indication of how tricky the course was playing. Scheffler, who is priced at 9/1 with most bookmakers could push Rahm hard.

If you are looking for value elsewhere, you may wish to consider Max Homa. With four top-10 finishes under his belt, including victory at the Farmers Insurance Open, the American has been a model of consistency. He is third for strokes gained this term (2.264), second for overall putting average (1.522), and he is also second in the FedEx Cup rankings. He could well have another productive week, and although he’s available at 18/1 with most bookmakers, another top-10 finish is an eminent possibility.

Arnold Palmer Invitational Betting Promotions 2023

One great offer that would work nicely with Arnold Palmer Invitational betting can be found at Ladbrokes: a small £5 bet will trigger £20 in free bets. Check out our Ladbrokes golf betting guide to learn more about the phenomenal offerings on golf at this bookmaker!
Unlock £40 in bonuses at Betfred after you make a first bet of £10!

5 Reasons to Bet on the Arnold Palmer Invitational

  • The tourney has a £16.6 million purse.
  • £1.8million is awarded to the winner.
  • It forms a key part of the Florida swing of events on the PGA Tour.
  • It takes place at the world famous Bay Hill Club and Lodge in Orlando, Florida, USA.
  • The tournament has seen the Europeans fare well over the past few years.

Arnold Palmer Invitational Betting Sites With Livestreaming

  • Paddy Power
  • Coral
  • Ladbrokes
  • bet365
  • 888sport

Popular Arnold Palmer Invitational Betting Markets

Golf is one of the most popular sports in the world for people to bet on, boasting so many events that fans a treated to a new one teeing off practically every week! With huge fields of players competing against each other, there's good value betting available across various tournaments for even the shortest-priced favourite.

Let's look at some of the many ways you can bet on golf below.

Outright Tournament Winner Betting
Undoubtedly the most popular betting market for golf is wagering on the eventual outright winner of the tournament, especially since golf is prone to longer odds than most other sports. This is a simple, uncomplicated wager in which you back a player to win the tournament. So long as your pick emerges victorious, you will see a return of investment on your initial bet.
Each-Way Betting
If you are feeling slightly unsure of your selection, one way of protecting your investment is to go each-way. Like this, you split your bet between being an outright winner and backing your player to place among the top-end finishers. While it is true that you are putting two stakes down by either splitting your outright bet or by doubling it, your pick only needs to place to win some money back.

Moreover, when you consider that many online bookies pay extra finishing places as a bonus, your player can even finish among the top eight or so for this part of your bet to win. This is especially welcome, given that most fields typically go off with around 140 players. Some bookmakers will offer 1/4 of the odds for a place, while other betting sites may offer 1/5 but for more places.

Top Nationality Betting
If, for whatever reason, you are finding the market lacking the kind of value you were expecting, there are always other options for you to think about. One such betting option is to bet on the Top Nationality market. This bet works well when there are two or three players from a certain country taking part.

Not to be confused with the market where you back a winner to come from a particular nation, this bet requires you to nominate the highest-placing player from a particular country. These could include top-scoring Englishman, highest-finishing Frenchman, or top Australian.

Hole-in-One Betting
Of course, you can always wager on the hole-in-one market if you so choose. Naturally, this is a hard one to call and is unlikely to pay off. However, it can make for a fun side-bet, and, in the event that any player manages to land a hole-in-one, it can be highly rewarding.

Moreover, it always remains a possibility, especially since players are continually sharpening their precision skills as they acquire more state-of-the-art equipment.

History of Arnold Palmer Invitational

  • As one of the most illustrious stops in the PGA Tour, the Arnold Palmer Invitational (formerly the Bay Hill Invitational) has enjoyed 20 years as one of Floridian golf’s premier events. Thanks to having Arnold Palmer’s name attached to it, and the respect it commands, the tournament has grown into one of the most highly regarded outside of the majors.
  • The Arnold Palmer Invitational was first staged in 1979, when it was brought in to replace the outgoing Florida Citrus Open. At the time, Bob Byman became the first-ever winner when he won in a shock victory by way of a playoff, before the following few years saw Dave Eichelberger reel off four titles in a row.

  • As the event grew in stature, the PGA upgraded the tournament to elite invitational status in 1984, similar to the WGC St Jude Invitational. The competition took its new name in 2007, but has had a number of different monikers over its history. Hertz became the title sponsor in 1985 prior to Nestle taking over in 1989, the same year that Palmer himself redesigned all 18 greens of the course.
  • By 2000, the event had crowned Tiger Woods for the first time as he claimed the first of his eight career wins here. Four years later, Mastercard became the presenting sponsor, and by 2011, we had our first European winner of the tournament, when Martin Laird from Scotland took home the title. To this day, he has been joined by only two other players from Europe after Francesco Molinari from Italy took the win in 2019 and 
  • Tyrell Hatton from England won in 2020.
  • The event has enjoyed a number of esteemed winners over the years, but none more so than Tiger Woods. The world-famous golf player has been crowned champion here an astonishing eight times, which remains a tournament record.
  • In 2022, Scottie Scheffler defeated the field as he finished one shot ahead of them with a total of -5. After a rocky front nine, the American was much cleaner on the back nine, as he produced eight pars and a birdie.

Recent Arnold Palmer Invitational Winners

2022Scottie SchefflerUSA
2021Bryson DeChambeauUSA
2020Tyrrell HattonEngland
2019Francesco MolinariItaly
2018Rory McIlroyNorthern Ireland
2017Marc LeishmanAustralia
2016Jason DayAustralia
2015Matt EveryUnited States
2014Matt EveryUnited States
2013Tiger WoodsUnited States

Arnold Palmer Invitational Key Stats

  • To date, Payne Stewart holds the record for the lowest aggregate score over 72 holes for the event, with a cumulative total of 264.
  • Tiger Woods has won this event more than anyone else, with eight titles to his name.
  • Woods also holds the biggest ever margin win, after he won by 11 strokes in 2003.
  • When Arnold Palmer won the event in 1971, he picked up a cheque for $30,000.
  • In 2015, the USA’s Matt Every became the most recent player to record back-to-back victories here.
  • 2021 saw the first American in six years to win the Arnold Palmer when Bryson DeChambeau was awarded the symbolic red cardigan.

Upcoming Sporting Events

Similar Tournaments to the Arnold Palmer Invitational

9 - 12 March, 2023, The Players Championship: The unofficial fifth major for golf that is held each March at the TPC Sawgrass.
16 - 19 March 2023, Valspar Championship: Played at the Copperhead Course at Innisbrook Resort and Golf Club in Palm Harbor, which is famed for its final three holes that are collectively referred to as the Snake Pit.
6 - 9 April 2023, The US Masters: Famously played at the Augusta National Golf Course, this is arguably the most prestigious of the four majors.

Arnold Palmer Invitational Betting FAQs

The best betting sites for the Arnold Palmer Invitational are Paddy Power, Betfair, and Betfred.
The Arnold Palmer Invitational can be watched on Sky Sports, who own the UK broadcasting rights.
The total prize pot for the Arnold Palmer Invitational stands at a whopping $20m.
Some have, yes. But, generally speaking, the American players have tended to dominate over the years.
Although Orlando has consistently warm and sunny weather, March is as close as it comes to having a rainy season. Therefore, our advice would be to plan for rain during this month.
Yes, most recently in 2021, when Jordan Spieth aced the 2nd hole in the third round.
Yes, you can always bet on there being a hole-in-one.

ThePuntersPage Final Say

One of the biggest golfing occasions on the PGA Tour outside of the four majors (if not the biggest), the Arnold Palmer Invitational is a must for golf fans and bettors alike. Taking place in Orlando, Florida every March, all of the biggest names in the game flock to the Sunshine State to pay homage to the legend of Arnold, while aiming to win this magnificent tournament, a share of its juicy prize pool, and, of course, the esteemed red cardigan that honours the man himself.