Who does Vegas have winning the 2016 Masters?

Masters week is upon us, and while the world's best golfers compete for the prestigious green jacket at Augusta National, fans of the sport will place wagers on the tournament known as "a tradition unlike any other."

The early favorite to win this year's Masters is Jason Day, who at 7/1, is slightly ahead of Rory McIlroy and reigning champ Jordan Speith's and 8/1 odds, according to GolfOdds.com.

Behind golf's "big three" sits the 2012 and 2014 Masters champ Bubba Watson at 10/1, followed by 2013 winner Adam Scott at 12/1. Dustin Johnson, Phil Mickelson and Rickie Fowler sit at 15/1, with Henrik Stenson (20/1) and Justin Rose (25/1) rounding out the top 10.

2016 Masters odds

Player Odds
Jason Day 7/1
Jordan Spieth 8/1
Rory McIlroy
8/1
Bubba Watson 10/1
Adam Scott 12/1
Rickie Fowler 15/1
Phil Mickelson 15/1
Dustin Johnson 15/1
Henrik Stenson 20/1
Justin Rose
25/1
Louis Oosthuizen 30/1
Hideki Matsuyama 40/1
Patrick Reed 40/1
Charl Schwartzel 40/1
Zach Johnson 50/1
Brandt Snedeker 50/1
Danny Willett 50/1

Check out the full list at GolfOdds.com.

Bovada sports book also has live action on two groups of the top players: McIlroy, Spieth, Watson (+130) & Day vs. the field (-170), and Scott, Day, Fowler & Mickelson (+210) vs. the field (-285).

Thursday's opening round begins with Jim Herman and Steven Bowditch teeing off at 8:20 a.m. ET. The big names start to hit the course at 9:15 a.m. ET, beginning with Tom Watson, Charley Hoffman and Lee Westwood. Check out the full list of tee times here.