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Rory McIlroy of Northern Ireland celebrates with the FedEx Cup as we look at the FedEx Cup odds
Rory McIlroy of Northern Ireland celebrates with the FedEx Cup after winning during the final round of the TOUR Championship at East Lake Golf Club on August 28, 2022 in Atlanta, Georgia. Photo by Kevin C. Cox/Getty Images via AFP.

The PGA Tour season will once again end with the Tour Championship at East Lake Golf Club in late August. Leading up to the finale, we're tracking the latest FedEx Cup odds for the 2022-23 PGA Tour season across our best sports betting apps.

Jon Rahm holds a significant lead in the FedEx Cup standings and is the rightful betting favorite on the oddsboard after winning three of his first five PGA Tour events of 2023, and then the Masters.

Second on the list is Scottie Scheffler, who's back to No. 1 in the Official World Golf Ranking (OWGR) following a T-2 finish in the PGA Championship. Defending FedEx Cup champion Rory McIlroy is just 12th in the 2022-23 standings as of late May, but remains third by the betting odds based on his past success at East Lake Golf Club in Atlanta, Georgia.

Let's look at the top FedEx Cup odds for the 2022-23 PGA Tour campaign, with all the information you need to know for the season-long race.

FedEx Cup odds 2023

FedEx Cup odds and rankings as of Wednesday, May 24

NamePosition in standingsWorld rankingCaesarsPointsBet
Jon Rahm12+265+260
Scottie Scheffler21+450+400
Rory McIlroy123+900+900
Max Homa37+1200+2000
Tony Finau412+1200+1200
Jordan Spieth2111+1200+2500
Patrick Cantlay64+1400+1400
Viktor Hovland186+1800+2200
Xander Schauffele95+1800+1200
Collin Morikawa2617+2000+2200

FedEx Cup betting analysis

While the FedEx Cup is a season-long competition, it's important to remember the three final tournaments during the playoffs carry heightened importance. As a result, a player can skyrocket up the points leaderboard – and oddsboard – in a hurry with a strong stretch during the FedEx Cup Playoffs.

FedEx Cup odds movement

There’s been limited FedEx Cup odds movement at the top of the board. McIlroy has moved from the betting favorite to carrying the third-longest odds, while Rahm and Scheffler have each seen their prices dip, and they now sit atop the board.

Max Homa, Tony Finau, and Jordan Spieth have experienced the biggest drops in their odds, while Justin Thomas is no longer trading as a secondary favorite.

Favorite for the FedEx Cup 2023

Jon Rahm (+265 via Caesars)

Aside from disappointing Players Championship and PGA Championship showings, it’s been business as usual from Rahm. He’s climbed out to a healthy lead in the FedEx Cup standings and possesses the well-rounded game to cruise all the way to a Tour Championship victory at East Lake.

FedEx Cup odds 2023: Contender

Scottie Scheffler (+450 via Caesars)

The 2022 FedEx Cup runner-up has already won twice this season, and Scheffler hasn’t missed a cut since last August. Add in a T-10 finish and runner-up showing during the first two majors of the year, and the World No. 1 is positioned to be a contender to win the Tour Championship again in 2023.

FedEx Cup odds 2023: Long shot

Jason Day (+3500 via Caesars)

It’s already been a storybook season for Day. He won for the first time since 2018 and is currently fifth in the FedEx Cup standings.

I wouldn’t be shocked to see a bit of a summer slide with the victory monkey off his back, but there’s definitely value in these long odds. As long as Day doesn’t completely fall off the map, his early-season success will set him up for a strong playoff push.

FedEx Cup odds 2023: Fade

Max Homa (+2000 via PointsBet)

Homa’s +1200 odds to win the 2023 FedEx Cup through Caesars are prohibitively short.

Secondly, he’s already peaked this year, and his lack of success in major championships is a concern – especially considering he’s also only advanced to play the Tour Championship at East Link once.

How to bet on the FedEx Cup

The FedEx Cup is a futures market.

PGA Tour golfers earn points throughout the season before the top-125 golfers in the points standings advance to a three-tournament playoff. 

There’s heightened points awarded during each playoff event, and the field is cut to 70 for the St. Jude Championship. Then only the top-30 players play the Tour Championship, with each beginning the final tournament with a starting stroke.

The winner of the Tour Championship is awarded the FedEx Cup.

FedExCup Starting Strokes for Tour Championship

TOUR Championship SeedFedExCup Starting Strokes

Recent FedEx Cup winners

Rory McIlroy2022
Patrick Cantlay2021
Dustin Johnson2020
Rory McIlroy2019
Justin Rose2018
Justin Thomas2017
Rory McIlroy2016
Jordan Spieth2015
Billy Horschel2014
Henrik Stenson2013

FedEx Cup FAQs

Who is the favorite for the FedEx Cup?

Jon Rahm is the betting favorite to win the 2023 FedEx Cup as of Wednesday, May 24.

Who won last year's FedEx Cup?

Rory McIlroy won the 2022 FedEx Cup. It was the third time the Northern Irishman has captured the honor.

How is the FedEx Cup decided? 

PGA Tour members earn FedEx Cup points based on their results at each tournament, with an emphasis placed on wins and high finishes.

The top-125 finishers on the Tour's season-long eligibility points list are able to compete in the first event of the three-tournament playoff. The top 70 in FedEx Cup points after the St. Jude Championship will move on to the BMW Championship, and the top 30 thereafter will qualify for the Tour Championship.

When is the FedEx Cup decided?

The FedEx Cup champion is decided at the Tour Championship, which is played Aug. 24-27.

Where is the FedEx Cup decided?

The FedEx Cup champion is determined at the Tour Championship, which is played at East Lake Golf Club in Atlanta, GA.

Here are our best sports betting apps:

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