The Charles Schwab Challenge is a professional golf tournament on the PGA Tour held annually at Fort Worth, Texas, at the Colonial Country Club in May. Currently one of five invitational events organised by the PGA, many punters look for the latest Charles Schwab Challenge odds and betting tips as the competition draws closer. Read on to learn more!
- Tournament Structure for the Charles Schwab Challenge
- Best Betting Sites for Charles Schwab Challenge
- Charles Schwab Challenge Betting Odds, Promotions, Tips & Predictions
- Popular Charles Schwab Betting Markets
- History of the Charles Schwab Challenge
- Upcoming Sporting Events
- Charles Schwab Challenge Betting FAQs
- ThePuntersPage Final Say
Tournament Structure for the Charles Schwab Challenge
- The tournament plays tribute to the history of golf by presenting an official Scottish tartan jacket to the winner of the event. There is also a Wall of Champions on the first tee, upon which are the engraved names and scores of each champion dating back to its inaugural event in 1946.
- The Charles Schwab Challenge is one of only five tournaments within the PGA to have an invitational status, which means it has a reduced field as opposed to some other PGA events. There should still be approximately 125 players teeing off, though, so it is far from empty. The other four tournaments with invitational status are the Genesis Open, Arnold Palmer Invitational, the RBC Heritage, and the Memorial Tournament.
- The tournament itself is a standard stroke play event, where the player with the best under-par score after four day’s play will be crowned champion. At the tournament’s midpoint, which comes after two full days of play on Friday evening, a cut line will be introduced to chop the field in half with players on one side of the line missing out on the final two day’s play, and players on the other side of the line playing on for another two days. This is commonly referred to as missing or making the cut, and introduces another betting opportunity (see above). From here, there is another two days of play on the Saturday and the Sunday until a winner is found. In the case of a tie where more than one golfer has the same score, a playoff is undertaken on the 17th green to find a champion.
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#1
 bet365
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 Betfair
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 Ladbrokes
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#4
 Betfred
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#5
 William Hill
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Charles Schwab Challenge Betting Odds, Promotions, Tips & Predictions
We will publish the date for the 2023 edition of the tournament once more information is available.
Charles Schwab Winner Odds 2023
The latest odds for the 2023 Charles Schwab Challenge will be published here closer to the start date of the event.
Favour another betting odds format? Use our odds converter!
Charles Schwab Challenge Betting Tips & Predictions 2023
Our expert tips and predictions will be added here once the commencement of the tournament draws closer.
Charles Schwab Challenge Betting Promotions 2023
5 Reasons to Bet on The Charles Schwab Challenge
- The Charles Schwab Challenge 2022 renewal marked the 76th anniversary of the event.
- It is one of the most traditional tournaments on the entire PGA Tour.
- There are only five invitationals on the PGA Tour, and this is one of them.
- The world’s elite golfing talent will be teeing off here.
- It provides a good form guide prior to the upcoming US Open, just a fortnight away!
Charles Schwab Betting Sites With Live Streaming
- Ladbrokes
- Coral
- William Hill
- Betfair
- Paddy Power
Popular Charles Schwab Betting Markets
Golf is one of the most popular sports among punters – and for good reason, too. Due to the large fields, prices, even on the pre-tournament favourite, are generally always pretty generous. The nature of gameplay also throws up a ton of betting choices – more so than most other sports, in fact – so golf betting is really worth a try. We've compiled below the most valuable markets for the Charles Schwab Challenge that are worth considering.
Best Charles Schwab Challenge betting site for Outright Winner: Paddy Power
Best Charles Schwab Challenge betting site for Top 10 Finish: Coral
Best Charles Schwab Challenge betting site for Making or Missing the Cut: Unibet
Best Charles Schwab Challenge betting site for in-play: 888sport
History of the Charles Schwab Challenge
- One of the longest-running tournaments in PGA Tour history, this tournament was founded in 1946 as the Colonial National Invitational and has gone by many names but, as of 2019, it has been called the Charles Schwab Challenge. Packed with tradition, the tournament came about after the venue, the Colonial Country Club, hosted the 1941 US Open. When The Colonial hosted the event, it was the first time that the US Open had been held south of the Mason-Dixon line, which marked the historic boundary between North and South in Colonial America. Looking to make the most of the tourney’s success, local organisers launched The Colonial Invitational in 1946.
- Unlike many golfing events, The Colonial has never wandered from its home, and has played at the same venue throughout its entire existence. In 2003, Annika Sorenstam became the first woman to play in any PGA Tour event in 58 years when she played in Bank of America Colonial, as it was called at the time, following Babe Zaharias, who competed in the Los Angeles Open, in 1945. Sadly for her, she missed the cut.
- In 2020, the tournament was played in June and was the first PGA Tour event to be staged after the lockdown caused by the COVID-19 pandemic. This event was also held without spectators, which was another PGA Tour first.
Recent Charles Schwab Challenge Winners
| Year | Champion | Country |
|---|---|---|
| 2022 | Sam Burns | United States |
| 2021 | Jason Kokrak | United States |
| 2020 | Daniel Berger | United States |
| 2019 | Kevin Na | United States |
| 2018 | Justin Rose | England |
| 2017 | Kevin Kisner | United States |
| 2016 | Jordan Spieth | United States |
| 2015 | Chris Kirk | United States |
| 2014 | Adam Scott | Australia |
| 2013 | Boo Weekley | United States |
| 2012 | Zach Johnson | United States |
Charles Schwab Challenge Key Stats
- Only eleven men have won this tournament more than once.
- Ben Hogan has won it the most with five wins.
- The other ten golfers – Julius Boros, Billy Casper, Lee Trevino, Ben Crenshaw, Bruce Lietzke, Corey Pavin, Nick Price, Kenny Perry, Phil Mickelson and, most recently, Zach Johnson – have all won the event twice each.
- In 1955, Chandler Harper won by eight strokes, a tournament record.
- The course record here 261 and was made by Kenny Perry in 2003.
- Perry repeated the trick two years later in 2005.
Similar Tournaments to the Charles Schwab Challenge
- 29th May – 4th June 2023, The Memorial Tournament: Played on a course designed by ‘The Golden Bear’ Jack Nicklaus at Muirfield Village Golf Club, the Memorial follows on from the Charles Schwab one week later.
- 23rd – 26th June 2022, The Travellers: River Highlands is the setting for this midsummer PGA tournament, which is one of the highlights of the season.
- 11th – 14th August 2022, FedEx St Jude Invitational: Another invitational event, this one is held annually at the TPC Southwind in Memphis, Tennessee.
- November 17th – 20th 2022, RSM Classic: One of the most prominent autumn events in the PGA Tour
Upcoming Sporting Events
Charles Schwab Challenge Betting FAQs
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The Charles Schwab Challenge will be available to watch live on Sky Sports.
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The Charles Schwab Challenge takes place at the Fort Worth Colonial Country Club in Dallas Fort Worth Texas, USA.
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The Charles Schwab Challenge takes place each year in May.
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The average temperature in Fort Worth in May is 28.4 degrees Celsius.
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The Charles Schwab Challenge carries with it a purse of $7.5 million.
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Yes, bookmakers will allow you to bet on the cut.
ThePuntersPage Final Say
A highly prestigious event with a prize pool of close to $7 million, this really is one of the most enthused about stops on the PGA Tour. The winners list, which includes Lee Trevino, Jack Nicklaus, Phil Mickelson, Sergio García and Justin Rose, reads like a who’s who of golfing legends, further adding to its reputation.
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