Lonard in action during the opening round.

Sky Bet's Odds Compare All Prices

Peter Lonard is the new favourite for the Australian PGA Championship after finishing the first round just a shot off the lead.

He's in a group of four tied for second place along with Bettingzone 66/1 tip JB Holmes, Craig Parry and Richard Green.

They are all a shot adrift of Michael Sim who carded a bogey-free seven-under 65 to head the leaderboard.

Lonard, a two-time winner of the event, was matched at a high of 19/1 pre-tournament and now heads the revised Betfair market at 4/1.

World number six Adam Scott comes next at 5/1 after a 67 while it's 7/1 about Rory Sabbatini who is a shot further back on the four-under mark.

It's then 14/1 and upwards about the rest.