Fred Couples shares the Masters lead with Jason Dufner, while Tiger Woods falters and Rory Mcllroy puts himself in contention on day two at Augusta.
Fred Couples raises his arms in celebration after his round of 67 gave him a share of the overnight lead on day two of the Masters Tournament at Augusta National. Reuters

The 2012 Masters got the final 36 holes underway Saturday, with Fred Couples and Jason Dufner in the lead at 5-under. Five other golfers began the day at 4-under par.

You can see a live look at the Masters leaderboard here.

There was more anticipation leading up to this year's event than there has been in a long time. It has been an exciting first three months of the golf season, and a few big names are competing for the right to wear the green jacket.

Tiger Woods is coming off his first PGA Tournament win since 2009, and is looking to win his first Masters in seven years. He's won the event four times, and holds the record for the lowest score at the Masters.

Woods hasn't won a Major since he won the U.S. Open in 2008, still entered the Tournament as the favorite. But he was unable to live up to expectations in the first two days, barely making the cut at 3-over

Rory McIlroy was the second favorite to win the tournament, followed by Phil Mickelson.

McIlroy famously blew a 54-hole lead in 2011 at Augusta. He's played well this time around through the first two days, just one shot behind the leader with 36 holes left

Mickelson has had a lot of success at the Masters in his career. He won the title in 2004, 2006 and 2010.

He is also had a solid first two days, finishing at 2-under after Friday's round.

Tiger Woods Rory mcilroy Rory mcilroy Tiger Woods