James Adducci is the recipient of the largest golf payout in William Hill’s history.
The medal is the highest civilian honour in the United States and is given annually.
Despite a decade of struggles both on and off the course, Woods remained a favourite among the golf-betting public.
The poor finish notwithstanding, the 36-year-old has established himself as one of the best in the world over the past year.
The triumph also renewed talks of Tiger Woods making a run at Jack Nicklaus’ record of 18 majors.
The 3-times major champion launched his drive 332 yards up the fairway and then made an eagle after his approach shot settled 10 feet from the cup.
A victory would be Woods' fifth, leaving him second behind six-time champion Jack Nicklaus.
Forecasts predict severe thunderstorms for late afternoon in the vicinity of the famed course, when leaders would normally be battling for the Green Jacket.
The Englishman's performance was a surprise since he had arrived at the tournament in fine fettle.
After an ordinary outward nine featuring three birdies offset by a pair of bogeys, Woods embarked on one of his trademark charge.
Several prominent players were still on the course when the horn blasted, including Rory McIlroy and Tiger Woods, who had just hit his tee shot on the par-three 12th.
Tiger Woods and Jack Nicklaus have won 32 majors between them, dominating their respective eras.
Brooks Koepka enjoyed a four-hole birdie run from the 12th to pull ahead.
After a routine par at the opening hole, former world number one Tiger Woods picked up a birdie at the par-five second.
After a four-decade absence, Augusta National is getting a fresh taste of Latin flair served up by a new generation of Mexican golfers primed to battle for titles.
The iconic course will be tested by top young women on the same week the LPGA Tour plays its first Major championship of the year.
28-year-old Reed will defend his first major title at next month's 83rd Masters tournament
Irishman McIlroy could become only the sixth player to win all four major titles with a victory at the Masters.
The 26-year-old has 14 top-10 finishes last year and won his 2nd career title at the Bridgestone Open, closing with 3 birdies for a one-stroke victory.
Rafiq Ismail becomes the first Malaysian to clinch the men’s bowling masters gold medal in the Asian Games.
Rory McIlroy will attempt to put a sub-par performance at the Masters behind him when he takes part in the Wells Fargo Championship.
Rafael Nadal romped to a record-extending 11th Monte Carlo Masters title by brushing aside an outclassed Kei Nishikori in Sunday's final to retain the world number one ranking.
Reed had grabbed four birdies and three bogeys on the way to a 15-under par total of 273 at Augusta National Golf Club.
Woods had gone into the final round 4-over par and said the poor iron play he has struggled with all week doomed his effort to get to even par, or possibly under par, for the week.
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