Ernie Els is the new 12/1 favourite at Ladbrokes for the 137th Open following the dramatic withdrawal of Tiger Woods

The Big Easy tied for fourth last year and has been cut from 16/1. He heads the betting from Spain's Sergio Garcia, who finished runner-up at Carnoustie after a three hole play-off.

Garcia is 14/1 from 20/1 with last year's winner Padraig Harrington 16/1 from 25/1 alongside American Phil Mickelson.

Lefty has been the subject of the biggest bet to date on the tournament, a £20,000 punt at 20/1/ which Ladbrokes laid to a London-based punter in April.

Lee Westwood is the first Briton in the betting at 20/1 after his impressive display at the U.S. Open at Torrey Pines last weekend.

Ladbrokes spokesman Robin Hutchison said: "A number of players have been cut following Woods' withdrawal, but there's still huge value to be had on the others. It's a very open Open."

137th Open Championship Odds

Ernie Els 12/1
Sergio Garcia 14/1
Padraig Harrington 16/1
Phil Mickelson 16/1
Vijay Singh 20/1
Lee Westwood 20/1
Justin Rose 20/1
Geoff Ogilvy 20/1
Jim Furyk 25/1
Retief Goosen 25/1
Adam Scott 25/1
Luke Donald 33/1
Robert Karlsson 33/1
Trevor Immelman 40/1
Henrik Stenson 50/1
Paul Casey 5/1
Andres Romero 50/1
Stewart Cink 50/1
Ryuji Imada 66/1
Martin Kaymer 66/1
Angel Cabrera 66/1
Stephen Ames 66/1
Robert Allenby 66/1
Jeff Leonard 66/1
Miguel Angel Jimenez 66/1

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