World No.1 Woods, whose wins in 1998 included the the Johnnie Walker Classic in Thailand and the BellSouth Classic TPC, also heads the list with Ladbrokes for the other three majors. He is 8-1 for the Open, 9-1 for the U.S Open and 9-1 for the USPGA Championship.

Mark O'Meara, 41, won his first major after 19 years as a professional when claiming the Masters title at Augusta and then went on to win the British Open three months later, is priced 25/1 to repeat last years win at Augusta.

The US PGA tour's leading money winner David Duval finds himself second in the betting at 14/1, while Britain's Lee Westwood and South African Ernie Erls are next in the list at 16/1.

Duval, 27, won four more events on the U.S Tour to go with the three he took at the tail end of 1997 as he headed the money list with record earnings of almost $2.6 million.

Westwood, 25, chalked up four victories to go with three more on the international stage, in New Orleans in April and twice in Japan in November, but he lost out in the European Tour's Order of Merit to Colin Montgomerie - his sixth in succession.

LADBROKES US MASTERS LATEST PRICES

Tiger Woods5

David Duval 14 

Ernie Els 16 

Lee Westwood16 

Fred Couples20 

Davis Love III20 

Colin Montgomerie 20 

Vijay Singh 20 

Mark O'Meara25 

Jim Furyk 25

Steve Elkington 33 

Tom Lehman33 

Justin Leonard33 

Phil Mickelson33 

Nick Price33 

Greg Norman 33 

Nick Faldo40 

Jesper Parnevik 50 

Lee Janzen50 

Darren Clarke 50 

Ian Woosnam 66