The 2012 Masters got underway Thursday morning, with Craig Stadler, Brendan Steele and Tim Clark teeing off at 7:50 a.m. ET at Augusta.

You can see a live look at the Masters leaderboard here.

There is more anticipation for this year's event than there has been in a long time. It has been an exciting first three months of the golf season, and a few big names will be competing for the right to wear the green jacket.

Tiger Woods is coming off his first PGA Tournament win since 2009, and looks to win his first Masters in seven years. He's won the event four times, and holds the record for the lowest score at the Masters.

Woods hasn't won a Major since he won the U.S. Open in 2008, but is still listed as the favorite.

Rory McIlroy is the second favorite to win the tournament, followed by Phil Mickelson.

McIlroy famously blew a 54-hole lead in 2011 at Augusta. He ended with an 80 in the final round, and finished in a tie for 15th place.

Mickelson has had a lot of success at the Masters in his career. He won the title in 2004, 2006 and 2010.

To contact the editor, e-mail: