The PGA Tour heads to Colonial Golf Course for this week's Charles Schwab Challenge and if you haven't already, you can check out my best bets for the event in my betting preview here.

There are also tons of prop bets that you can place for this week's tournament, including one of the most electric bets in all of golf, the hole-in-one bet. You can wager on whether or not a hole-in-one is recorded during the tournament.

Let's take a look at the odds for a hole-in-one to be recorded this week.

Charles Schwab Challenge hole-in-one odds

Charles Schwab Challenge hole-in-one props

Not only can you bet on a hole-in-one to be recorded this week, you can also bet on the specific round it will occur. It's obviously a lot more tough to nail the exact round the hole-in-one will occur, but if you correctly call it you'll win a nice payout.

Remember, it's important to note that holes-in-one are a lot less likely to occur in Round 3 and Round 4. Almost half the field will be cut after Round 2, meaning just by sheer number of golfers playing the Par 3 holes, there will be fewer opportunities for a hole-in-one to occur after the cut as opposed to before it.

It's also important to note that the shortest Par 3 at Colonial will play at 190 yards, making a hole-in-one even more challenging.

For that reason, I'd recommend betting the "no hole-in-one", but let's be honest, that bet a lot less exciting.

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Game odds refresh periodically and are subject to change.