Masters 2016: Latest Odds and Betting Tips for Golf's Top Contenders | News, Scores, Highlights, Stats, and Rumors

There are more than three golfers in the world at the moment, though you'd hardly know it.

Jason Day, Jordan Spieth and Rory McIlroy are dominating the headlines—and for good reasons. The trio represents the future of golf and are the players to watch at this year's Masters. Not surprisingly, they are the three favorites, too.

Before we break that down, however,  let's take a look at the top contenders at this year's Masters and their odds to win:

Jason Day is the clear favorite, and it's hardly surprising. He's won six PGA Tour events dating back to last July 29, including the PGA Championship, while no other player has more than two titles in that span, per ESPN Stats & Information. 

There's being hot and then there's being Day right now. It's the difference between spending the day outside during the summer and spending a day on the surface of the sun. 

And it's why he's such a popular pick to win the green jacket. Picking Day is picking the hot hand, and frankly, that's never a bad idea.

Of course, Day isn't ready to call himself the favorite, as he told Steve DiMeglio of USA Today:

It's a good feeling to be here, No. 1 in the world and coming off the back of how I've been playing has been fantastic. But to be honest, I don't think I'm the favorite this week.

There are so many players that can win around here, and there's not just one heavy favorite this week, which is fantastic. I think it's good for the game of golf and I think it's good for this tournament, as well… It's such a competitive sport now and so many guys can win, and it's so tough to win. But I do feel good with how I'm playing right now and where I'm at mentally and physically.

And there's something to be said for going with players who have won the tournament, however, which brings us to Jordan Spieth. He's behind Day in the odds, but there are a few reasons to think he should still be the favorite.

For one, on his best day, is there a better golfer than Spieth? That's arguable, of course, but Spieth showed last year just how dangerous he can be when he's on his game. Plus, Augusta presents a unique course that seems to favor certain types of players. And Spieth has finished first and tied for second in the past two years at the tournament.

If anyone can claim mastery of the course, it's Spieth.

But that's why if you are betting outside of golf's Big Three, look for players who have had Augusta success. Bubba Watson (two-time winner), Adam Scott (one-time winner), Charl Schwartzel (one-time winner), Justin Rose (four top-15 finishes, two top-10 finishes in his past five Masters) and Matt Kuchar (three top-10 finishes in the past four years) are all strong picks.

Hideki Matsuyama is also an interesting sleeper, as his game seems to line up nicely at Augusta. 

And then there's McIlroy. Few players will be more motivated to win this tournament than McIlroy, who will complete the career grand slam with a triumph at Augusta. 

There are two ways of evaluating that, however. The first is that McIlroy will be motivated, but the second is that he may feel the pressure of getting that monkey off his back. 

Of course, if you don't like trying to get into a player's head when making a bet, there is the fact that McIlroy finished tied for eighth in 2014 and in fourth in 2015. So McIlroy has slowly been taming the Augusta course, and if his rate of improvement continues into 2016, it's hardly crazy to imagine him completing his career grand slam.

You can follow Timothy Rapp on Twitter.