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Woods, who is from Phoenix, won the first two holes with pars and was at least 2-up the rest of the way. She won the fourth with a par and the sixth with a birdie to go 4-up.
Woods and Edwards traded wins on seven and eight, then Edwards won the ninth with a par and was 3-down. It remained that way until she struggled to a bogey on the 14th and the match was over when they halved 15th.
Sally Watson. who played on the Great Britain and Ireland Curtis Cup team last year, earned a 2 & 1 win Wednesday.
The championship continues Thursday on the Bandon Trails course at Bandon Dunes with the second and third rounds. The Old Macdonald course will have the quarters and semis on Friday, as well as the 36-hole final on Saturday.
"Humana, the Clinton Foundation and the PGA Tour will work together to promote health and well-being in order to positively impact people's behavior and improve their quality of life," said PGA Tour commissioner Tim Finchem.
The 2012 edition will run from January 19-22.
PGA Tour rookie Jhonattan Vegas won this year's Bob Hope tournament in a playoff over Gary Woodland and Bill Haas.
Bubba Watson is making a rare appearance on the European Tour and he struggled in the first round. He shot a three-over 74 and is tied for 90th place.
Green parred his first two holes, then rattled off back-to-back birdies at the third and fourth holes. He parred the next four, but caught fired around, and after, the turn.
The Aussie birdied nine and 10 to reach four-under par. Green parred No. 11, but recorded three consecutive birdies from the 12th to get into the lead at seven-under par.
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Academy Award Betting Odds for Best Picture Offer Great Value
If there is any category that is not an obvious win for any one nominee in this year's Academy Awards, it would be for Best Picture. Sure the Departed is a 5/7 favorite, but that's hardly anything when we look at Helen Mirren and her "out-of-reach" 1 to 40 odds (which means you would win a whopping $1 for every $40 bet).
For value, take a look at MySportsbook.com Oscars betting odds on my personal favorite, The Queen - a remarkable 12 to 1 long shot. The film hasn't won any pre-awards for Best Picture (compared to The Departed and Little Miss Sunshine), but there is a tremendous following and it is a strong enough film to warrant a surprise win.
TV Guide advises Oscar watchers should be cautioned not to discount the drama "Babel" with its strong social themes about overcoming communication gaps among people of different cultures.
"While 'Babel' lost several guild awards to 'Sunshine' and 'Departed,' it still enjoys loyal support, and historically Oscar voters favor dramas with social messages over comedies like 'Sunshine' and violent crime movies like 'Departed'."
"It hasn't done well in the guilds, which means there isn't much industry support," said Tom O'Neil of awards site TheEnvelope.com, "But several critics are expecting it to win, and that gets my attention." Babel had 7 to 2 odds at press time.
Who is to say independently produced Little Miss Sunshine won't be this year's Crash. Last year, Crash won for Best Motion Picture, shocking those who bet on gay cowboy flick, Brokeback Mountain, as the favorite to win.
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