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2012 Masters Odds: Phil Mickelson, Tiger Woods, Rory McIlroy Top Favorites

The 2012 Masters is coming up this Thursday in Augusta, Georgia, and Phil Mickelson figures to lurk as a contender. Despite only logging two victories the past two years, he does have one big victory on the year in the AT&T Pebble Beach National Pro-Am, and is still ranked fourth on the money list.

That's why Mickelson is going to be one of the favorites going into the 2012 Masters. Mickelson has the third best odds, trailing only Tiger Woods and Rory McIlroy.

2012 Masters Favorites
Golfer Odds Best Masters Finish
Tiger Woods 4/1 Won 4 times: 1997, 2001, 2002, 2005
Rory McIlroy 11/2 T-15th, 2011
Phil Mickelson 11/1 Won 3 times: 2004, 2006, 2010
Luke Donald 16/1 T-3rd, 2005
Lee Westwood 16/1 2nd, 2010
Source: Bovada

Despite his current struggles, Mickelson has performed very well at the Masters as of late. He finished tied for 27th last year, but he won the 2010 Masters, had top five finishes in 2008 and 2009, and managed top ten finishes every year from 1999 to 2006, including two victories in 2004 and 2006. Would you really be all that shocked if Mickelson is in contention on Sunday? This is definitely not a value bet, but don't discount Lefty prowling Amen Corner in a battle for that green jacket.

Check out the SB Nation Arizona storystream for further Masters coverage.