How to Bet on the 2025 Charles Schwab Challenge: Latest Odds, Best Promo Codes and Markets

Fresh off a win at the 2025 PGA Championship, Scottie Scheffler is on top of the golf world, and he enters the Charles Schwab Challenge as a heavy favorite. Now, the spotlight is on Scheffler to see if he can pick up another tournament win at the Colonial Country Club in Fort Worth, Texas.

Scheffler headlines the Charles Schwab Challenge as a +240 favorite, but other big names like Tommy Fleetwood, Hideki Matsuyama, Jordan Spieth, and Rickie Fowler are also participating in the tournament.

You can place a moneyline bet on which golfer wins the Charles Schwab Challenge, or you can spice things up with a Top 5 Finish bet, Top 10 finish, a first round leader bet, or betting on who makes or misses the cut.

There are all sorts of excellent promo codes and bonus bet offers that you can use to cash in on the Charles Schwab Challenge. Whether you're a golf sharp or an inexperienced bettor, there are many fun ways to get in on the action of this tournament.

We'll break down the latest odds for the Charles Schwab Challenge, share the best ways to bet on the tournament, and highlight the top betting promotions from all the major sportsbooks.

Charles Schwab Challenge Odds: Scheffler a Huge Favorite

The oddsmakers anticipate another good weekend for Scheffler, as he is a heavy +240 favorite to win the Charles Schwab Challenge. Here's how the rest of the odds stack up:

• Scottie Scheffler: +240
• Daniel Berger: +2200
• Hideki Matsuyama: +2500
• Jordan Spieth: +2500
• Tommy Fleetwood: +2500
• Maverick McNealy: +3300
• Aaron Rai: +3300
• Harris English: +3500
• Si Woo Kim: +4500
• J. T. Poston: +4500

Best Charles Schwab Challenge Promos

Let's dive into the best sports betting promos for the 2025 Charles Schwab Challenge. Here's how you can claim each one as a new user.

Fanatics Sportsbook Promo Code: Bet $30, Get $300 on golf

New Fanatics Sportsbook users can get $300 in bonus bets when they sign up. All it takes is three $10 qualifying bets to claim the complete bonus.

Follow the instructions below to get the $300 in bonus bets. The Fanatics Sportsbook promo code is available in AZ, CO, CT, IL, IN, LA, MA, MD, MI, NC, NJ, OH, PA, TN, VA, or WV. This offer works for all sports markets on Fanatics Sportsbook.

Step 1: CLICK HERE to get started with the new Fanatics Sportsbook promo code. Click the link and you'll be sent to Fanatics Sportsbook.

Step 2: Enter the required personal details once you arrive at the online sportsbook.

Step 3: Deposit $30 or more into your new Fanatics Sportsbook account after signing up.

Step 4: Place a $10 bet on a bet with odds of -500 or longer on your first three days on Fanatics Sportsbook. Win or lose, the $10 bet will award $100 in bonus bets each day. Bet $10 for all three days to get $300 in bonus bets.

Step 5: Opt in for the promo on Day 2 and Day 3 to get the full bonus. You get enrolled automatically on Day 1 of the Fanatics Sportsbook promotion, but you have to do it yourself the next two days.

DraftKings Promo Code: Bet $5, Get $200 in Bonus Bets on golf

The DraftKings promo code lets you get $200 instantly in bonus bets after a $5 first bet on any golf tournament. The DraftKings promo code gives out $200 in bonus bets whether the bet wins or loses.

Keep reading to learn how to claim the $200 DraftKings promo:

Step 1: Click this link or click one of the DraftKings modules to use the $200 DraftKings promo code.

Step 2: Create your account on DraftKings Sportsbook. There is no actual code with the DraftKings promo, so there's no need to worry about entering a specific code. Follow the links in this article and you'll be all set.

Step 3: Deposit at least $5 into your new DraftKings account.

Step 4: Use that deposited money to bet on the Charles Schwab Challenge.

Step 5: Once you make a bet with the DraftKings promo code, you get $200 in bonus bets guaranteed.

FanDuel Promo Code: Bet $5 Get $200 in Bonus Bets if you win on golf

FanDuel Sportsbook is also offering a sweet bonus for the the Charles Schwab Challenge. Use the FanDuel promo code to bet $5 and get a $200 bonus, but only if your first bet wins.

This means you should simply make a safe bet when you sign up with the FanDuel promo code. Avoid a risky bet to get the $200 in bonus bets.

Follow this guide to get set up with the FanDuel promo code:

Step 1: CLICK HERE or one of the 'Claim Now' FanDuel modules in this story to get the $200 bonus from the FanDuel promo code.

Step 2: Read the on-screen instructions and create an account when you get to FanDuel Sportsbook.

Step 3: Deposit at least $5 into your new FanDuel Sportsbook account.

Step 4: Wager that deposited $5 on the Charles Schwab Challenge.

Step 5: If your first bet wins, you get the $200 in bonus bets. You'll also receive the winnings from your successful first bet.

Bet365 Bonus Code: Bet $5, Get $150 in Bonus Bets on golf

New bettors on bet365 Sportsbook can make a $5 first bet on the NBA playoffs to get $150 guaranteed in bonus bets.

The bet365 bonus code pays out $150 in bonus bets if your first bet wins or loses. Bet365 is known across the world for its wide range of sports markets and overall quality, so it makes sense that it has such a great sign-up offer.

Consult these six steps to sign up with the bet365 bonus code and receive $150 in bonus bets for golf tournaments:

Step 1: Click the link below or CLICK HERE to use the bet365 promo code.

Step 2: Enter code 'CHECK' to create an account when you arrive at the bet365 sign-up page.

Step 3: Use the bet365 bonus code to opt for the bet $5, get $150 offer.

Step 4: Place a $10 deposit to place a $5 first bet on the Charles Schwab Challenge.

Step 5: Claim $150 in bonus bets, win or lose!

BetMGM Bonus Code: Bet $10, Get $150 in Bonus Bets if you Win on golf

Rounding out this list is the BetMGM bonus code. BetMGM's sign-up deal grants users in CO, MI, NJ, PA, and WV to get a Bet $10, Get $150 in Bonus Bets if you Win offer.

BetMGM is also promoting a $1,500 first bet bonus for new players in other legal betting states. This offer uses code OCMAX1500, and it allows you to place a first bet up to $1,500, and if it loses, you get the amount wagered back in bonus bets.

Here's how to redeem the $150 BetMGM bonus code:

Step 1: CLICK HERE or the 'Claim Now' button to claim the BetMGM bonus code.

Step 2: Sign up for BetMGM Sportsbook by following the on-screen instructions.

Step 3: Deposit at least $10 into your new BetMGM account.

Step 4: Bet $10 on the NBA playoffs (or up to $1,500 if you aren't in CO, MI, NJ, PA, and WV).

Step 5: If your first bet wins, you'll get your winnings plus the $150 in bonus bets. New bettors not in CO, MI, NJ, PA, and WV will get their stake back as a bonus bet, up to $1,500.