From our correspondent in the probable future: Augusta National prepares to crown a champion, and the prediction markets issue a verdict familiar to any student of golf — namely, that nobody is especially likely to win. Polymarket's leading contender commands a mere 14% probability, a figure that speaks less to his excellence than to the tournament's celebrated habit of humbling the excellent.

The Masters, played each April across Georgia's immaculate fairways, is among sport's most prestigious and punishing examinations. With over four million dollars changing hands in a single day's trading, the market's thin margins are no accident — seventy-two holes of Augusta National have a way of redistributing destiny with ruthless impartiality. Market consensus, in short, backs the field over any single man.

A commanding early performance — low scores on the par-five 15th, perhaps, or a deft hand around Amen Corner — could rapidly concentrate those scattered probabilities into one very grateful golfer's column.