Despite the presence of newly crowned number one, Adam Scott, the pre tournament favouritism probably goes to world number four, Matt Kuchar, who finished runner-up in this event last year and who continues to record high finishes in nearly every event he plays.
Scott has played this event on only two occasions making the cut both times but finishing well back in each start. Scott felt the need to play this week despite the event not originally being on his schedule as there were issues with his game that he needed to sharpen ahead of next week's Memorial and the US Open in three weeks.
Scott certainly likes Texas having won three events there previously including the Texas Open, the HP Byron Nelson and the Houston Open. No player has won all four of the Texas Grand Slam.
Australians have won two of the three to date in Texas this season namely Steve Bowditch (Texas Open) and Matt Jones (Houston Open).
Zach Johnson is clearly the man with the best record around Colonial in recent times with five consecutive top tens in his last five attempts two of those victories. Johnson has not played as well of late as he was earlier in the season but he has hardly been bad and given his great record over this layout he deserves serious consideration.
Jordan Spieth has played at Colonial just once that coming in his rookie season when a very respectable 7th. Spieth was perhaps disappointing last week in Dallas but his form beforehand was superb and it is likely he will again be in the mix.
Jim Furyk has been runner-up at Colonial on two occasions and has often recorded top ten finishes. The 44 year old is in some of the best form of his career at present with consecutive runner-up finishes in his last two outings.
Marc Leishman showed last week that his game is returning to where it was earlier this season. He has not starred in this event to date but he has made all three cuts and has put together several good rounds. Another good week would take him inside the top 60 in the world ranking and on track for a start at the US Open.
One player who at longer odds might be a good betting prospect is John Huh who has finished 11th and 5th in his two starts in this event and recent good tournaments at Hilton Head and in Dallas suggest he could continue his good record in this event.
Other Australians in addition to Scott and Leishman in the field include John Senden, Matt Jones, Geoff Ogilvy, Greg Chalmers, Aaron Baddeley, Steve Bowditch, Robert Allenby and Rod Pampling.