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The Arnold Palmer Invitational is a PGA Tour golf tournament, which is presented by MasterCard, and is founded in 1979 as a successor to the Florida Citrus Open Invitational, which was played at Rio Pinar Golf Club on the East side of Orlando, and since then it has had a number of different names including "Bay Hill". The event is played each March at Arnold Palmer's Bay Hill Club and Lodge, a private golf resort in Orlando, Florida which has been owned by Arnold Palmer since 1976 and where he has his winter home.
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The tournament was played for the first time under the Palmer name in 2007, and as a restricted field event on the PGA Tour, only the first 70 players on the previous years money-list are guaranteed invites. Four years in a row, from 2000 to 2003, Tiger Woods won what was then known as the Bay Hill Invitational, and this is one of only four occasions that a golfer has won the same event four times in a row on the Tour. After opening with a 67, in 2004 he was one shot off the lead, but followed up with back to back 74s on the Friday and Saturday, and ended the final round on Sunday in a tie for 46th place.