Augusta, GA (SportsNetwork.com) - Kevin Streelman won the Masters Par 3 Contest in a playoff on Wednesday at Augusta National after Camilo Villegas hit his tee shot into the water on the third extra hole.

Streelman and Villegas ended the contest at 5-under 22, then parred the eighth and birdied the ninth. After Streelman found the green with his tee shot on No. 8, Villegas's tee shot flew the green and bounced into a pond. He conceded the title to Streelman.

After missing the cut in his first two Masters appearances, Streelman tied for 42nd last year. He will try to become the first person to win the Par 3 Contest and Masters in the same year.

Streelman did not make one of the five holes-in-one on Wednesday.

Jack Nicklaus had one, his first ever in the contest. Nicklaus, 75, is the oldest player in event history to card a hole-in-one.

Villegas had a pair of them, while Trevor Immelman and amateur Matias Dominguez also had aces.

There have now been 85 holes-in-one at the yearly event.

Last year's winner Ryan Moore shared third place at 4-under 23 with Ben Martin and Cameron Tringale.

Three-time Masters champion Nick Faldo tied for sixth place at minus-3 alongside Bill Haas, Russell Henley, Brendon Todd, Joost Luiten and amateur Cory Conners.

Since no Par 3 champion has ever won the Masters in the same year, many players, including Tiger Woods, had their caddie, child or other family member hit putts or chips for them. Those players officially posted no score. Just 32 of the 103 players posted scores.

The field included tournament participants, non-competing past champions and honorary invitees.

After Nicklaus, Arnold Palmer and Gary Player hit their ceremonial opening tee shots, the Masters will officially get underway at 7:45 a.m. (et) Thursday when Charley Hoffman and Brian Harman tee off.

Defending champion Bubba Watson will play with 2013 U.S. Open winner Justin Rose and 2014 U.S. Amateur champion Gunn Yang at 9:24 a.m. Thursday.

World No. 1 Rory McIlroy will go for his third straight major championship victory. If he is successful, McIlroy will complete the career grand slam.