Anna Leigh Waters enters the 2026 Veolia Arizona Open as the overwhelming favorite in women's singles on the PPA Tour, backed by her sustained dominance and recent triple-crown performances. Draws released this week place her atop the bracket with a favorable path, while notable absences among other top players open opportunities elsewhere but leave her largely unchallenged. Potential finalists such as Kate Fahey, Kaitlyn Christian, Brooke Buckner, and Lea Jansen occupy the opposing half, yet historical head-to-head results and Waters' current form position them as underdogs. Traders price her at 63% implied probability, reflecting the consensus view of her superior ball-striking, consistency, and experience on this surface. Lower-priced challengers like Catherine Parenteau and Cailyn Campbell carry realistic upset potential only if early-round fatigue or bracket surprises materialize.