Xander Schauffele is the outright favorite to win the 2024 Valspar Championship. The 30-year-old comes into the PGA Tour event with +800 odds, according to SportsLine. The World No. 5 golfer will also be the highest-ranked player on the Innisbrook Resort's Copperhead Course in Palm Harbor field.Despite being a non-elevated event, the 2024 Valspar Championship has a stacked field. The event will see 18 of the top 50-ranked golfers in its 144-player field. Schauffele will compete against the likes of Sam Burns (+1100), Justin Thomas (+1200), Jordan Spieth (+1200), Tony Finau (+2200), Sungjae Im (+2500), Brian Harman (+2800), and Min Woo Lee (+3300), among others.For the unversed, Schauffele has had a good start to the 2024 PGA Tour season. The 7x PGA Tour winner started off the new year with a T10 finish at The Sentry in January. He followed it up with a T3 finish at the American Express and a T9 at the Farmers Insurance Open.His worst finish so far came at the AT&T Pebble Beach Pro-Am, where he sat T54. He managed T4 at the Genesis Open and T25 at the Arnold Palmer Invitational. Notably, Schauffele finished T2 last week at The Players. He narrowly missed out on a playoff as Scottie Scheffler won the title for the second time in a row.Coming off the heartbreak result, the 2019 Masters champion will be eyeing a win this weekend. Schauffele will tee off Round 1 of the 2024 Valspar Championship on Thursday at 1:23 pm ET alongside Brian Harman and defending champion Taylor Moore.2024 Valspar Championship oddsListed below are the top odds for the 2024 Valspar Championship in Florida:Xander Schauffele +800Sam Burns +1100Justin Thomas +1200Jordan Spieth +1200Tony Finau +2200Cameron Young +2200Sungjae Im +2500Brian Harman +2800Min Woo Lee +3300Nick Taylor +3500Eric Cole +4000Keegan Bradley +4000Keith Mitchell +4000Beau Hossler +4500Christiaan Bezuidenhout +5500Adam Hadwin +5500Thorbjørn Olesen +6000Aaron Rai +6000Patrick Rodgers +6500Sepp Straka +6500Billy Horschel +7000Doug Ghim +7000Ryan Fox +7500Maverick McNealy +7500Taylor Montgomery +7500Brendon Todd +8000Andrew Putnam +8000Davis Thompson +9000Daniel Berger +9000Taylor Moore +9000Sam Ryder +10000Adam Schenk +10000Lucas Glover +10000Akshay Bhatia +10000Kevin Yu +11000Taylor Pendrith +11000Ryo Hisatsune +11000Ben Griffin +11000Chesson Hadley +11000Adam Svensson +12000Victor Perez +12000Thomas Detry +12000Joel Dahmen +12000Webb Simpson +12000Ben Silverman +15000Matt Wallace +15000Robert MacIntyre +15000Seamus Power +15000Jimmy Stanger +15000Matt Kuchar +15000K.H. Lee +15000Bud Cauley +15000Garrick Higgo +15000Mackenzie Hughes +15000More details on the PGA Tour's Valspar Championship, including tee times, will be updated soon.