The 2026 PGA Championship is underway at Aronimink Golf Club in Newtown Square, Pennsylvania, with Round 3 scheduled to start Saturday morning, May 23, followed by the final Round 4 on Sunday morning, May 24 [1, 2, 3, 4, 5].

Alex Smalley and Maverick McNealy co-lead the tournament at 4 under par heading into the weekend [1, 2]. Scottie Scheffler, the defending PGA Champion, trails the leaders at 2 under [1, 2]. Smalley is the betting favorite heading into Round 4, listed at +480 odds to win [3, 4, 5]. However, predictive models expect Smalley to struggle during the final rounds and project him to finish outside the top five despite leading currently [1, 2, 3, 4, 5].

Scheffler is expected to bounce back and finish within the top five in the final round according to the same models [3, 4, 5]. Before the weekend, Scheffler's PGA Championship odds ranged between +350 and +390 [1, 2].

Meanwhile, the 2026 CJ Cup Byron Nelson began May 21 at TPC Craig Ranch in McKinney, Texas [6, 7, 8, 9]. Scheffler is also the defending champion of this event and is among the favorites to win again, with odds fluctuating roughly between +150 and +180. Sources differ slightly on the exact figure [6, 7, 8, 9].

Jordan Spieth is competing at the CJ Cup Byron Nelson with odds ranging from +1500 to +1600 but is projected by models to finish outside the top five [6, 7, 8, 9]. Brooks Koepka is another favorite at the event, with betting odds around +2200 to +2500 and favored in head-to-head props against Keith Mitchell [10, 7, 11, 8, 12]. Aaron Rai, the newest major winner, is also in the field with long odds near +4200 [10, 11].

Golf expert Brady Kannon advised caution with betting on Scheffler for the CJ Cup Byron Nelson despite his status as favorite, saying, "Will Scheffler contend for the win this week in his title defense? Almost certainly but with the way he has been going, do I want to bet that he will win at such a short price? No, thank you." [9]

Round 3 of the PGA Championship tees off at Aronimink Golf Club on Saturday, May 23, with the final round set for Sunday morning, May 24 [1, 2, 3, 4, 5].