The Portugal Masters is a European Tour men's professional golf tournament which was played for the first time in October 2007. The prize fund was €3 million, making it the richest golf tournament in the country, and comfortably in the top half of European Tour events. It was jointly staged by the European Tour and the Portuguese Tourist Board (ITP) under an initial three-year agreement. Since 2013 the prize fund has been €2 million. The host course is the Arnold Palmer designed Dom Pedro Victoria Golf Course in Vilamoura.