Masters Betting Market Report: Not Much Separation In Outright Winner Odds Among The Elites

Posted By FairwayJay on November 11, 2020 - Last Updated on November 16, 2020
Masters betting outright winner odds

The final major of the season has arrived, and the early betting action suggests a wide open Masters Tournament. The rescheduled 2020 Masters will be the biggest betting event of the PGA Tour season.

DraftKings director of sportsbook operations Johnny Avello told TheLines this week that “there has been good, steady action and a spike in betting this week” on the Masters.

Golf’s most popular tournament will be going up against college and pro football this weekend, but Avello does not expect to see much of a decline in wagering interest.

“The Masters handle fits perfectly with football,” he said. “Bettors will bet it strong all weekend through 11 jurisdictions now offering betting at DraftKings.”

DraftKings is running a pair of married Masters/football promos this weekend for new users including a “Bet $20 on college football, get $10 free in Masters betting” option, and an “All Sport Risk-Free Sunday” offer in which DK will cover your net losses up to $100.

Sign up for DraftKings Sportsbook here

The Masters is the only major championship which has a field that is exclusively determined by invitation. Just 92 players will tee it up at Augusta National Golf Club this week, and that includes the top 10 players in the world golf rankings.

TheLines’ PGA Tour power rankings has Dustin Johnson and Jon Rahm on top heading into the tournament, followed by Xander Schauffele, Bryson DeChambeau and Justin Thomas. There is little separation in odds to win the Masters for those top five players and marquee names like Rory McIlroy and Brooks Koepka.

None of the seven PGA Tour superstars mentioned above have won the Masters – Koepka, Johnson and Schauffele tied for second last year behind Tiger Woods. McIlroy and Rahm have also finished top 5 in past Masters tournaments.

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Masters betting odds

Masters Winner

Game
11/12/2020
(Eastern Time)
(EST)
Bryson DeChambeau
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+750
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+800
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+750
Dustin Johnson
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+850
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+800
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+800
Jon Rahm
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+1000
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+1000
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+1000
Rory McIlroy
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+1300
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+1300
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+1200
Justin Thomas
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+1300
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+1200
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+1100
Xander Schauffele
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+1600
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+1500
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+1400
Brooks Koepka
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+1700
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+1800
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+1600
Tyrell Hatton
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+2500
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+2700
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+2800
Patrick Cantlay
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+2800
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+2500
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+2500
Jason Day
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+3000
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+4000
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+3500
Tony Finau
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+3000
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+3000
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+2800
Hideki Matsuyama
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+3000
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+2500
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+2800
Patrick Reed
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+3000
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+3000
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+3300
Bubba Watson
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+3300
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+3000
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+3000
Collin Morikawa
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+3500
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+3500
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+3500
Webb Simpson
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+4000
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+4000
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+3300
Matthew Wolff
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+4500
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+3800
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+4000
Tiger Woods
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+4500
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+4200
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+3300
Adam Scott
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+5000
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+5000
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+5000
Tommy Fleetwood
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+5500
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+4500
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+5000
Louis Oosthuizen
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+6000
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+6500
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+5500
Matthew Fitzpatrick
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+6600
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+6500
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+6600
Scottie Scheffler
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+6600
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+6000
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+6600
Cameron Champ
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+7000
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+6500
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+6600
Rickie Fowler
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+7000
Bet now
+6500
Bet now
+6000
Jordan Spieth
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+7000
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+7000
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+6600
Paul Casey
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+8000
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+6500
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+7000
Shane Lowry
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+8000
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+8000
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+10000
Ian Poulter
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+8000
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+15000
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+12500
Justin Rose
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+8000
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+6500
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+6600

View odds for every golfer at DraftKings SportsbookFanDuel Sportsbook and BetMGM

Masters betting market splits

Outright win bets on the top 8 players are the most popular, and BetMGM is reporting the highest bet percentage (ticket count) on:

  • Xander Schauffele: 6.7%
  • Tiger Woods: 5.8%
  • Bryson DeChambeau: 5.7%
  • Dustin Johnson: 5.5%
  • Justin Thomas: 5.2%
  • Brooks Koepka: 4.7%
  • Rory McIlroy: 3.8%
  • Jon Rahm: 3.6%

Also, PGA Championship winner Collin Morikawa is taking 3.1% of the bets a day before the event. His odds dropped a few months ago and are currently +3500 at BetMGM.

DraftKings Sportsbook’s market breakdown shows big bomber Bryson as the clear leader (betting percentages adjust throughout each day leading up to the tournament).

GolferWin Odds% Handle% BetsTop 10
Bryson DeChambeau+75026%12%+100
Tiger Woods+45007%7%+350
Justin Thomas+13007%6%+150
Brooks Koepka+17006%5%+200
Dustin Johnson+8506%5%+100
Jon Rahm+10506%4%+110
Rory McIlroy+13005%4%+150
Xander Schauffele+16004%4%+150
Tony Finau+33004%4%+250
Matthew Wolff+45003%4%+350

DraftKings’ DeChambeau offer

As seen above, bettors love wagering on DeChambeau and DraftKings Sportsbook has a great offer on “The Mad Scientist.” Bettors can double their money if DeChambeau makes the cut. The odds on DeChambeau to make the weekend were originally -769 at DK, but are now +100.

Sign up for DraftKings Sportsbook here

Masters props and matchups

DraftKings, FanDuel, PointsBet and BetMGM all have dozens of head-to-head tournament match-ups. Avello said Johnson is getting more play against Rahm, and adjusted odds went from -115 to -125 on DJ to have a better finishing position at DraftKings. Rahm is +100 against Johnson to wind up with a better score at Augusta.

Patrick Eichner, director of communications at PointsBet told TheLines that of the 42 tournament match-ups the book offers, DeChambeau vs. McIlroy is the most popular. McIlroy opened as a -130 favorite, but he’s down to -115 with DeChambeau (-105) taking 64% of the match-up bets.

DeChambeau is now +750 to win the Masters outright at PointsBet.

“With a special ‘fall ball’ rendition of the Masters in 2020, we still expect to see a ton of betting interest. The Masters is always one of our top events of the year in terms of handle,” Eichner added.

There are hundreds of props offered at DraftKings, FanDuel and PointsBet with a lot of fun and unique markets. PointsBet, for instance, has Par 3 props and closest-to-the-pin odds – the latter of which could be especially fun on hole 16. That’s where Rahm made two hole-in-ones during practices rounds this week at Augusta.

 

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FairwayJay

FairwayJay is a leading national sports and gaming analyst and is recognized as one of the sports industry's most insightful professionals. Jay has pursued his passions and maintained a pulse on the sports, gaming and poker industries while living in Las Vegas for nearly two decades. He's been a regular featured guest on sports and gaming radio shows, podcasts and produces sports betting and related industry articles and content for various sites and sources.

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