With the 2012 British Open ready to tee off Thursday, Tiger Woods remains the favorite.

Woods entered the week as the initial odds-on favorite at Royal Lytham, and the sharps have not changed their stance on the world's most recognizable golfer. His odds to win the Claret Jug this weekend have risen slightly, though, from 8-1 from 13-2 as of Wednesday evening.

Following Woods are a trio of golfers from the United Kingdom, as Lee Westwood (14-1), Luke Donald (14-1) and Rory McIlroy (16-1) will all look win their first British Open, with two-time winner Padraig Harrington (18-1) rounding out the oddsmakers' top five.

Here's the latest odds to win at The Open Championship:

Tiger Woods 8-1

Lee Westwood 14-1

Luke Donald 14-1

Rory McIlroy 16-1

Padraig Harrington 18-1

Francesco Molinari 30-1

Graeme McDowell 30-1

Justin Rose 30-1

Martin Kaymer 33-1

Phil Mickelson 33-1

Sergio Garcia 33-1

Louis Oosthuizen 35-1

Adam Scott 40-1

Dustin Johnson 40-1

Ernie Els 40-1

Ian Poulter 40-1

Rickie Fowler 40-1

Jason Dufner 40-1

Bubba Watson 40-1

Hunter Mahan 40-1

Jim Furyk 40-1

Matt Kuchar 40-1

Peter Hanson 50-1

Charl Schwartzel 50-1

Paul Lawrie 50-1

Fredrik Jacobson 50-1

Geoff Ogilvy 50-1

George Coetzee 50-1

Nick Watney 50-1

Nicolas Colsaerts 50-1

Ross Fisher 50-1

For the latest odds, check out Oddsshark.

For more on the tournament, stick with our 2012 British Open StoryStream. For more from around the world of golf, head over to SB Nation's golf hub page.