With Sunday's results fresh in mind, there is a temptation to conclude that backing the market leaders is a mug's game. In the States, Harrizon Frazar became the 15th triple-figure priced winner on this year's PGA Tour, ending a 354 tournament losing streak. Italian Open winner Robert Rock was a likelier pick at 70.0, but he too had never previously delivered in a decade of trying. Such results strengthen the new consensus that golf has never been more open, illustrated by the fact that there is nobody trading in single figures for the US Open.
That certainly doesn't mean, however, that the favourites are poor value. Far from it. Run of the mill tournaments are one thing, the US Open quite another. Whereas at least 50, perhaps 100, different players could plausibly have won the St Jude...