Three-time winner Mickelson is the Masters value against Tiger at 12/1

Charl Schwartzel landed his first Masters title two years ago on an extraordinary day of drama and there is every reason to think he can challenge again this weekend. The world class South African shot a superb final round 66 to win his first major and a return to Georgia is certain to inspire Schwartzel.

The 28-year-old was at his brilliant best at the end of 2012 with back-to-back victories in Thailand and South Africa by a combined margin of 23 shots. Schwartzel has not quite managed to reproduce this astonishing form this year but has nonetheless been a consistent performer. He has twice finished in the top five on the European Tour and was tied third at the Northern Trust Open in America. Schwartzel leads the standings on the PGA Tour in scoring average and has to be considered a big threat at 25/1 each way.

Brandt Snedeker enjoyed a sensational start to the season as he soared into the top five of the world rankings. The exceptional putter won at Pebble Beach and also managed two other runner-up spots and a third place finish in America. Snedeker was looking unstoppable until a rib injury sidelined him and his two recent appearances resulted in missed cuts. But the 32-year-old has a poor record in Bay Hill and Houston so I would not be too concerned by these efforts.

Snedeker’s stats this year make impressive reading. Last year’s FedEx Cup winner is first in birdie average and par breakers, top of the all-round rankings and first in par four performance. If he can find the form prior to his injury lay0ff Snedeker will take some stopping. He also has played well at Augusta before having finished third in 2008 and been inside the top 20 in the last two years. The time looks right for Snedeker to win a major and he deserves support at 40/1 each way.

If you’re looking for a big priced outsider to contend then you could do a lot worse than throw a few pounds on Angel Cabrera. The big hitter was a shock winner at Augusta in 2009 but his record here deserves plenty of respect. Cabrera has popped up on the leaderboard on a number of occasions and has two other top tens since 2006.

Cabrera also won the US Open six years ago so we know he is capable of upsetting the odds on the big stage. The experienced Argentine has had a respectable season so far with few fireworks but posted his best finish in his last start when he tied for 16th at the Shell Houston Open. The strong driver is always a lively outsider when he comes back to Augusta and is worth backing at a generous 100/1.