WATCH: Viktor Hovland makes incredible save after double bunker shot at 2024 Memorial Tournament

The 2024 Memorial Tournament is currently underway at the Muirfield Village Golf Course and defending champion Viktor Hovland is showing the crowd how it is done. The Jack Nicklaus course that the golfers are playing on this weekend is presenting a tough challenge for many, but Hovland has kept his cool under pressure.

Viktor Hovland entered the back nine of the Memorial Tournament with a score of -1. However, his ball found the bunker on a particularly tricky shot on the 12th hole. Hovland took the shot out of the bunker, but to his dismay the ball just rolled back and landed right in.

With his chances of saving the ball becoming slim, Viktor Hovland did the unthinkable -- he took the bunker shot again and rolled the ball right into the hole. He managed to save par with his incredible finesse, and finds himself at the top of the leaderboard as he nears the end of day 1.

The 2024 Memorial Tournament consists of a star-studded field of 73 golfers. From Scottie Scheffler to Rory McIlroy, the tournament hosts nine of the top 10 golfers in the world. Hovland will have to be at the top of his game to defend his title this year.

2024 Memorial Tournament odds and best bets explored

Scottie Scheffler is the top favorite going into the tournament, with odds of +360 (via CBS Sports). Other favorites include the likes of Rory McIlroy, Xander Schauffele and Collin Morikawa.

Following is the list of odds for the golfers at the 2024 Memorial Tournament:

Scottie Scheffler +360
Rory McIlroy +800
Xander Schauffele +900
Collin Morikawa +1400
Viktor Hovland +1800
Ludvig Aberg +1800
Patrick Cantlay +2500
Justin Thomas +2500
Wyndham Clark +3500
Tommy Fleetwood +3500
Max Homa +3500
Hideki Matsuyama +3500
Sahith Theegala +4000
Jordan Spieth +4500
Matt Fitzpatrick +5000
Byeong Hun An +5000
Tony Finau +5500
Sungjae Im +5500
Si Woo Kim +5500
Russell Henley +5500
Corey Conners +5500
Cameron Young +5500
Tom Kim +6000
Sam Burns +6000
Jason Day +6000
Sepp Straka +6500
Keegan Bradley +6500
Will Zalatoris +7000
Shane Lowry +7000
Billy Horschel +7000
Denny McCarthy +7500
Brian Harman +7500
Tom Hoge +8000
Harris English +8000
Alex Noren +8000
Christiaan Bezuidenhout +9000
Stephan Jaeger +10000
Robert MacIntyre +10000
Kurt Kitayama +10000
Akshay Bhatia +10000
Mackenzie Hughes +11000
Lucas Glover +11000
Justin Rose +11000
J.T. Poston +11000
Thomas Detry +13000
Taylor Moore +13000
Rickie Fowler +13000
Davis Thompson +13000
Chris Kirk +13000
Ben Griffin +13000
Austin Eckroat +15000
Taylor Pendrith +18000
Patrick Rodgers +18000
Andrew Putnam +18000
Adam Schenk +18000
Adam Hadwin +18000
Lee Hodges +20000
Jake Knapp +20000
Davis Riley +20000
Cam Davis +20000
Adam Svensson +20000
Victor Perez +25000
Seamus Power +25000
Nick Taylor +25000
Nick Dunlap +25000
Mac Meissner +25000
Eric Cole +25000
Matthieu Pavon +30000
Chris Gotterup +30000
Brendon Todd +30000
Emiliano Grillo +35000
Matt Kuchar +40000
Pierceson Coody +60000
Peter Malnati +60000
Jackson Koivun +100000
Brandt Snedeker +200000

The Memorial Tournament is an elevated event on the PGA Tour, with a limited field of only 73 golfers and a prize purse of $20 million.