Jon Rahm is the Masters champion for this year. Rahm was +850 to win the Masters the day prior to the start of the tournament. Only Rory McIlroy and Scottie Scheffler had lower odds to win than the Spaniard. Next year Masters odds show Rahm as the favorite at +650. Scheffler is +900 and McIlroy is +1000 for the 2024 Masters.
View Masters odds for more golfers below.
Now that the 2023 Masters is in the books, the Masters odds for the 2024 golf tournament in Augusta, Georgia will be posted soon. You can compare golf betting odds for the tournament and more below.
2024 Masters Betting Odds
Masters betting odds
Here is a futures report with updates on the top golfers in the Masters field. Attached are the best current odds for each golfer.
Scottie Scheffler : The reigning 2022 Masters champion will be the odds on favorite to repeat in 2023, nearly edging ahead of Rahm and Rory with his consensus Masters odds. With two Designated event victories this year between the WM Phoenix Open and THE PLAYERS Championship, Scheffler has managed to improve his level of play since last year. He’s finished no worse than T19 in three prior trips to Augusta and seems poised to contend yet again.
Rory McIlroy : Rory will once again head to Augusta looking for a Green Jacket and the career Grand Slam. He has done everything except win at The Masters, with 7 Top 10s here, including a runner-up last year when he holed out from the bunker on the 72nd hole to give himself a small chance. With three international wins over his last 12 starts and a strong 3rd place finish in his last start at the WGC Dell Match Play, Rory’s game is in top form heading into Masters week.
Jon Rahm : Through the first round of the Arnold Palmer Invitational, Rahm had begun to create separation as the clear favorite at The Masters, with consensus futures odds around 6-1. He’s sputtered a bit since then, but with five international wins over his last 12 starts, and five career top-10 finishes at The Masters, he’ll be a worthy co-favorite at Augusta.
Jordan Spieth : The 2015 Masters champion and five-time top-3 finisher at this event will always have a premium on his odds at this event, especially with course history proving so repeatable here. I’m not convinced it’s Spieth who has the best chance after the three co-favorites to don the green jacket, but the hype is certainly growing with three top-6 finishes over his last six starts.
Cameron Smith : Smith’s appearance in Augusta will be talked about endlessly, as the world’s best player to join LIV Golf will make his first start in a major since winning The Open Championship. It’s no question Smith is LIV’s best chance to shake the golf world with a major championship trophy on the roster. He’s been slow out the gates in the new LIV season with finishes of 6th and 26th over the first two events. His performance at LIV Orlando in the week prior to the Masters, as another poor showing may present some buy low value on the three-time top-5 finisher at The Masters.
Justin Thomas : Thomas lifted his 2nd PGA Championship trophy at Southern Hills last year before going through quite a slump to end the year. That slump has continued on in 2023, as Thomas has finished better than T20 just twice over eight starts. His tee-to-green stats have remained top-tier, but the putting inconsistency brings many questions into Masters week for the short odds.
Patrick Cantlay : Cantlay’s current consensus odds behind Cam Smith, Jordan Spieth, and Justin Thomas portray a clear picture of the significant premium placed on Course History at this event. With finishes of T3, T4, and T19 in his last three starts (all in Designated events), Cantlay’s current form is on par with that of the three co-favorites. His Masters resume is mediocre, but he flashed upside in 2019 with a T9 finish, and seems inevitable that the results in Majors will materialize soon.
Xander Schauffele : He hasn’t won one yet, but Schauffele has established himself as a mainstay in contention at the biggest tournaments in the world. After a long winless streak, Schauffele went back-to-back late in 2022 and seems to be in a great spot. He had a 2nd and 3rd at Augusta before a surprising missed cut last year as one of the favorites, but looks to be in solid form with a pair of top-10 finishes in 2023 already.
Collin Morikawa : Morikawa’s 5th at Augusta last year was arguably the high point of a very disappointing season for the two-time major champion. He struggled with his swing and ball flight, but it was truly the putter that was even worse than we could have imagined from him. In classic Morikawa fashion, his irons have remained elite in 2023, so his ability to contend at the Masters will depend on the state of his shaky putter.
Jason Day : Nobody’s stock is climbing faster in the game of golf right now than Jason Day. He’s finished top-20 in each of his last six stroke play events and impressed at the WGC Dell Match Play in his latest start, advancing to the quarter finals. Day has a perfect game for Augusta with three career top-5 finishes, and has been a popular future bet up to this point.
Tony Finau : There is new reason to be optimistic about Finau’s chances at The Masters, as he has now won 3 times since the 2022 Masters tournament. Finau combines that newfound win equity with a decorated Major resume, which includes 10 career top-10 finishes. The Masters is perhaps the Major he’s found the most consistency in, as he has 3 Top 10s at Augusta in 5 starts.
Max Homa : You can make the argument that Max Homa has played like a top-3 or top-4 caliber player on the PGA TOUR this 2023 season with wins at the Fortinet Championship and Farmers Insurance Open to go along with five top-6 finishes. The comeuppance might feel a bit abrupt, but Homa has has now piled up sic PGA TOUR wins since 2019, four coming at Major-like venues. The results in Majors haven’t materialized yet for Homa, but it’s clear he’s destined for better results ahead at The Masters.
Cameron Young : Young had an incredible season in his runaway Rookie of the Year performance. He nearly won two majors with a 2nd at The Open and 3rd at the PGA Championship. He does struggle at times on the greens and can be quite volatile, so it’s no surprise his debut at Augusta was one of his worst starts of the year. Young’s game is suited perfectly for Augusta National, however, and he’ll benefit from an experienced Paul Tesori on his bag at The Masters after impressing with an appearance in the WGC Dell Match Play finals.
Dustin Johnson : The former World No. 1 and 2020 Masters winner will also be watched heavily as the other LIV player most likely to win a major currently. He contended at St. Andrews with a 6th, but it’s hard to get excited about these odds. Like Smith, he’s been slow out the gates this LIV season with finishes of 37th and 13th over the first two events, so he’ll need to show some life at LIV Orlando to become a viable Masters bet consideration.
Viktor Hovland : A bit like the oft-compared Morikawa, Hovland fought some struggles at times throughout 2022 … but he ended the year on a high note with another win at the Hero World Challenge. He now needs to find a way to form that same magic in the United States, as he’s unexplainably won all 7 of his professional events outside of the U.S. His short game woes will always raise cautionary flags at Augusta National, but his ball striking remains elite, and the form is difficult to ignore with six top-20s over his last seven starts.
Sam Burns : Burns’ Masters odds have taken a steep dip since picking up his 5th and most impressive win of his early career at the WGC Dell Match Play. We’ll see what he can parlay that impressive play into at Augusta, but to date, his results in Major championships have not been very inspiring.
Sungjae Im : Im had a really nice end to his 2022 season with some very consistent play and consistent ball striking more like we’re used to from him. He’s fallen out of the conversation as a top-10 player in the world, but Sungjae’s polished all-around skillsets and proven results in Majors prove he is still one of the most promising young players in the game. Sungjae was the first round leader at the 2022 Masters and has finishes of 2nd and 8th at the Masters in just 3 starts.
Matthew Fitzpatrick : The U.S. Open champion continued to look strong throughout the rest of 2022, however that form has come to a screeching halt in 2023 due to a lingering neck injury. He was never a factor in a relatively weak WGC Dell Match Play group, and with four missed cuts over his last six starts, he’s trending in the wrong direction heading into Masters week.
Hideki Matsuyama : The 2021 Masters champion had an up-and-down 2022 as he struggled with injuries throughout. When he’s feeling well and putting it purely, Matsuyama continues to be as dangerous as anyone in the world. But those instances seem to be decreasing. Another WD due to injury at the WGC Dell Match Play makes Matsuyama a risky consideration, but a T5 finish at THE PLAYERS proves he is capable of playing at an elite level when healthy.
Shane Lowry : Lowry’s chances at Augusta are intriguing due to the style of his game. He perhaps had his best season on the PGA Tour last year despite not winning and certainly one of his best years worldwide. The iron play and short game remain pristine, and he holed enough putts at times to contend in big tournaments. A win on the DP World Tour and T3 at the Honda Classic over his last 10 starts is encouraging after a 3rd at the 2022 Masters.
Tyrrell Hatton : Hatton has emerged as one of the surprise breakout players over the last month with top-6 finishes at the WM Phoniex Open, Arnold Palmer Invitational, and THE PLAYERS. To date, he’s been unable to crack the code at Augusta with just one finish better than T44 over six prior trips.
Joaquin Niemann : The next-highest ranked LIV player in terms of OWGR, Niemann has great potential at just 24 years old, but has failed to translate that to much success in Majors. Over his first three career trips to Augusta, he’s finished no better than T35, and enters with more question marks than ever before since leaving the PGA TOUR.
Justin Rose : Savvier bettors than I may have jumped on more favorable Masters future odds prior to his victory at the AT&T Pebble Beach Pro-Am in January. That win all but secured Rose’s spot on the European Ryder Cup this year, and with an impressive T6 finish at THE PLAYERS, Rose continues to trend well leading up to Masters week. Twice a runner up here since 2015, he’ll be on plenty of Masters betting cards this year.
Brooks Koepka : This is frankly an unintriguing number for the LIV Golf member. His form before leaving for LIV Golf was extremely unimpressive, and he’s been far from dominant since playing at LIV as well. His days as a dominant major championship player seem finished for now, and we won’t get to see him much before Augusta to change our minds.
Tommy Fleetwood : Fleetwood has done everything except win on the PGA TOUR, and has unfortunately has the unenviable claim as the best player in the world who has not won a PGA TOUR event. If you believe in trending towards a win, Tommy has passed the eye test this season from tee-to-green, and looked in top form in his last start, a T3 at the Valspar Championship. The Masters resume is solid with three top-20s over six career appearances, but an outright win may be asking too much.
Tom Kim : The impressive youngster from South Korea quickly became one of the most popular and exciting players in the world since joining the PGA Tour. He won the Wyndham and Shriners in stunning fashion, and he seems to have all the tools to be a top player in the world. More recently, the trials and tribulations of full PGA TOUR membership seem to have taken a toll on Kim, as he’s hit a skid of four consecutive events finishing outside the top-30. He’ll be a debutant at the Masters and doesn’t possess the power we tend to prefer here, so unless his odds drift further, he’s unlikely to be a popular bet.
Corey Conners : The greens complexes at Augusta National are known to be the most nuanced and difficult to learn in the world of golf. And yet Corey Conners, one of the most deficient short game players in the world, has somehow managed to master them. He’s finished top-10 at the Masters in each of the last three years, joining Cam Smith as the only two players in this field to show such consistency.
Patrick Reed : If you’re looking for win upside amongst the second tier of LIV players, Patrick Reed seems to be the player who brings the most value for his price. The 2018 Masters champion went toe-to-toe with Rory McIlroy in his last full field DP World Tour start, finishing 2nd place at the Her Dubai Desert Classic in January. You’d like to see a little more reps from a Major contender, but with two top-10 finishes over his last three Masters appearances, Reed has proven to be a course horse at Augusta.
Min Woo Lee : We may just be looking at a future star in this 24 year old Australian. After winning the 2021 Scottish Open, Lee raised some eyebrows with a T14 finish in his Masters debut last year. Since then, he’s piled up eight top-15 finishes on the DP World Tour, and an impressive T6 at THE PLAYERS Championship. A bomber and a lights out putter, Lee’s game translates well for what’s required at Augusta National.
Adam Scott : The 2013 Masters champion has looked rather pedestrian both this 2023 season and in his recent returns to Augusta National. He’s finished outside the top-30 in each of his last three Masters appearances and has yet to finish top-20 on the PGA TOUR this season.
Louis Oosthuizen : Louis made Masters history with an albatross on the second hole back in 2012. He finished runner up at The Masters that year, and failed to pick up a PGA TOUR win ever since. His track record in Majors is still very impressive with nine career top-5 major finishes. For what it’s worth, his game was polished enough to finish 4th at LIV Tucson in his latest start, which is better than Cam Smith or Dustin Johnson have posted this LIV season.
Bryson DeChambeau : This is another bad number for a LIV Golf player, as DeChambeau’s best finish in 6 LIV events was an 8th place finish. That’s not going to cut it at tournaments that are much easier to contend in than majors, and the big golfer has mightily struggled at Augusta even in his best form. Not sure how he’ll convince anyone before the Masters., but he’ll have one last chance at LIV Orlando to show a pulse.
Si Woo Kim : All of Si Woo Kim’s early success has come on short courses which reward accuracy off the tee. That’s not an ideal profile to enter Augusta National with, but while he’s never cracked the top-10 here, three career top-25 finishes at The Masters gives a little room for optimism. He’s had a strong 2023 season since winning the 2023 Sony Open, but his ceiling may be capped to a top-20 placement.
Sahith Theegala : Sahith may be the man to beat in the debutant betting market this year. The second-year PGA TOUR pro continues to improve his game with five top-6 finishes already this season. He relies on iron play and creativity around the greens as the strengths of his game, which should translate well to success at Augusta National, at least in the long run for his career.
Kurt Kitayama : Kitayama established himself on the global golf scale with a statement win at the 2023 Arnold Palmer Invitational. As one of the longest hitters on TOUR, Augusta is a great course set up for Kitayama. Scottie Scheffler used the 2022 Arnold Palmer Invitational win as a stepping stone before his victory at The Masters one month later, which may be an encouraging omen for Kitayama this year.
How Masters odds are changing
Here is a look at how 2023 Masters odds change, starting with pre-tournament lines for the top golfers in the field.
|Golfer||Masters Odds: March 2||Masters Odds: April 2||Masters Odds: April 5||Masters Odds: April 6 - Post Round 1||Masters Odds: April 8 - Post Round 2|
Did Tiger Woods make the cut?
Yes. Tiger Woods made the cut at 3-over. Woods barely snuck in despite finishing bogey-bogey on Saturday morning as he wrapped up his second round.
The wear and tear on Tiger Woods showed up in earnest in Round 1 of The Masters Thursday. Golf’s biggest name posted a bogey on Hole 18 to finish the day 2-over 74. That is three shots worse than his opening round from last year and the now-47-year-old finished that tournament 47th.
Woods will look to rebound on Friday, when he tees off at 1:24 p.m. ET. If he stumbles again, he could very well miss the cut ahead of the third round on Saturday.
Did Collin Morikawa cheat at the Masters?
Most golfers and golf viewers are sticklers for the rules of the game and that certainly came into play Thursday in Round 1 at The Masters. It appeared that Collin Morikawa moved his marker forward when replacing the ball on the green of the 6th hole. Morikawa cheating claims obviously set social media ablaze.
It is unlikely that Morikawa will face a penalty, which would cost him two strokes, for what transpired. Many also pointed out that from a different angle it looks as though the ball rolled back a few inches when Morikawa was addressing his ball. Morikawa’s likely intent was that he was simply moving the ball back to its original position.
Augusta National Course
- Course: Augusta National Golf Club
- Location: Augusta, GA
- Date: April 6 – April 9, 2023
- Par: 72 / Yardage 7,475
- Fairways/Rough: Ryegrass
- Greens: Bentgrass
- How to watch: CBS, ESPN, The Masters Tournament
- Purse: $11,500,000
- Defending champ: Scottie Scheffler
- Twitter: @TheMasters
The Masters needs no introduction as its universally known to be the biggest stage in golf. It is the only Major to be played on the same course each year, Augusta National. The formula to find success remains the same year over year. Above-average driving distance is a plus in order to capitalize on scoring opportunities on the par-5s and leave more lofted approach shots into each of the firm and fast greens. The dramatic undulations on and around the green make it nearly impossible to mask any short game short comings. The list of winners over the years has always featured a throughline of players with elite touch around the greens. Course history at The Masters has also proven to be more repeatable than any other tournament each year, so it’s always best to review results in prior years before betting The Masters.
In terms of Course History, Jordan Spieth, Jon Rahm, Rory McIlroy, Dustin Johnson, and Justin Rose highlight the list of players who have repeatedly played well here, continuing to validate the trend of success from players with elite short game and plus driving distance.
The Masters is not a tournament in which bettors will want to go overboard betting longshots. Over the last 10 years, all winners have come at 66-1 odds or shorter, with six of those winners opening at 28-1 odds or shorter. At any Major championship, it’s best to start your betting card with exposure to at least one elite player at the top of the odds board.
How to bet The Masters
Masters betting odds for 2023 were released the day after Scheffler’s win last April.
Masters odds can range from Jon Rahm at +600 to past champion David Duval’s +200000. A $10 bet on each golfer to win the 2023 Masters would return a profit of $60 and $20,000, respectively.
Closer to the start of the tournament, many additional bet types will be released as the field finalizes and first- and second-round groupings and tee times are released. These expanded markets will include two- or three-ball matchups for individual rounds, or for the tournament as a whole.
Matchups will be set for playing partners, golfers with a similar world ranking, or any number of other shared traits. Odds are typically the same for each golfer but can range from -200 to +200 for a return of $5 or $20 on a $10 wager.
Larger pools of golfers will be grouped by world ranking, nationality, or previous results as a form of prop bet. These odds can range from prices closer to even money (+100) or lower to +75000 or longer, depending on the size of the player pool and the degree of variation in their odds to win the tournament outright.
Simpler lines will be set for players to make or miss the cut. These odds will range -700 for Yes to +500 for No for a tournament favorite to closer to even money on each side for a tournament long shot. Similarly, Over/Under lines will be set for specific golfer’s tournament or round scores.
Placing or Finishing Position bets accompany the outright odds for a Top 5, Top 10, Top 20, or Top 40 result. The odds for each golfer in the field will drop with the wider range of their finish.
Straight Forecast betting, popularized in horse racing, is a form of parlay requiring the correct prediction of the finishing order of the winner and runner-up. Wildly difficult, it’s best done in tournaments with one or two top-ranked golfers in a weaker field as a way to boost their individual odds.
Conversely, each-way bets are best used on long shots in star-studded fields such as what’s seen at Augusta. These consist of two wagers on each golfer, with one being for the outright victory and one being for a finish within the Top 3 or Top 5 of the field.
Super Bowl betting markets often include cross-sport bets pitting a player’s receiving or rushing yards against a golfer’s score at the Masters more than two months later.
Typically occurring early in the PGA Tour season, bettors don’t always have as much information from which to draw as they do for the PGA Championship, US Open and Open Championship.
Course history, current form, and key stats are essential areas of research for any golf tournament but are each especially applicable to the Masters. The only major to be played at the same venue each year and against a similar strength of field, course history is more relevant than anywhere else. The same statistical areas apply each year, but be sure to look at a golfer’s career performance in those stats in combination with their more recent play.
Seasonal results, particularly at the major events and those closest to the 2021 Masters will have great impacts on Masters betting odds. Not only will the bookmakers adjust the odds for the winners and top finishers as they move up the OWGR and 2021 money list, but the odds will also reflect the number of bets and percentage of the betting handle coming in on certain golfers.
Be sure to regularly check-in on the PGA Tour futures odds at multiple books, and always be ready to pounce on discrepancies and inflated numbers as a result of a poor finish or injury.
While futures and outright bets carry the highest Masters betting odds and can result in the largest paydays, they’re incredibly risky. Be sure to always hedge your outright picks and bets against a wider range of props and matchup bets. These safer plays should receive a significantly larger portion of your bankroll.
In-play betting can also help hedge against your futures bets by looking at Strokes Gained data after each round. This data gives a better sense of golfers who could be poised for a big weekend despite their odds remaining high if only narrowly making the cut.
Player performance at Augusta National
Understanding the course and knowing how to play the holes and where to place shots are essential for success at Augusta. So is familiarity with the greens, which is why players with less experience on the course usually don’t fare as well. But forecasting players putting week-to-week can be difficult. Augusta is mostly a second-shot golf course, and while longer hitters have an advantage and playing the par 5s well under par is significant to success, it’s precision ball striking, quality irons and approach play and premium putting with the ability to get the ball in the hole from a distance of 10-feet or less that are keys to success.
Stats to Evaluate
- Strokes Gained: Around-the-Green
- Strokes Gained: Putting
- Ball striking
- Approach play
Length is an advantage at Augusta, which plays to a par 72 and 7,435 yards but plays longer with a number of uphill holes and the grain of the fairways pointing back towards the tee boxes. The course remains heavily tree-lined, and each hole is named after a flower, plant or tree. The scores can be dictated by the weather and wind, as evidenced by Jordan Spieth (-18) winning in 2015 and Danny Willett (-5) in 2016.
Since the Masters is played on the same course every year, there are many trends noted. They include:
- Before Woods won in 2019, each of the previous 11 Masters winners was under the age of 40. Johnson (2020 winner) was 36 when he won and Matsuyama (2021) was 29 when he won.
- 18 of the last 23 Masters champions made the cut in their previous start on Tour
- 13 of last 15 Masters champions were ranked inside the world’s top 30
- 13 of last 14 Masters champions posted a previous top-30 at Augusta
The Bentgrass greens are lightning fast, and typically feature run-off areas, slopes and multiple tiers. This is the ultimate test of ball striking to ensure approaches land on the proper tier and allow for better chances to make birdies.
While the favorites will get much of the media attention and betting action, Patrick Reed (40-1) proved in 2018 that there are plenty of top pros that provide value and have a chance to win and wear the green jacket.
Recent Masters winners and pre-tournament odds
A look at Masters betting odds for the winners at Augusta since 2010.
Biggest betting long shots in Masters history
Hideki Matsuyama (2021): +4500
Matsuyama was T-13 in the November 2020 Masters. He corrected the mistakes from a few months earlier to deliver a sensational Saturday performance in which he shot a 65.
Patrick Reed (2018): +4000
Reed had six PGA Tour victories to his name at the time of his 2018 major win, and he has won twice since. He ranked 24th in the world.
Danny Willett (2016): +5000
Willett’s lone PGA Tour victory to date came amid a back-nine collapse by former champ Jordan Spieth. He won on the European Tour earlier in 2016.
Charl Schwartzel (2011): +10000
The South African stunned the golf world in 2011 as he birdied his final four holes to win the green jacket. Schwartzel finished two strokes ahead of Jason Day and Adam Scott.
Angel Cabrera (2009): +12500
Cabrera’s second major victory came less than two years following his breakout win at the 2007 US Open. He also had three victories to date on the European Tour but ranked 69th in the world.
Trevor Immelman (2008): +15000
Immelman had eight professional titles under his belt and sat 29th in the world ahead of the 2008 Masters. His only win since came on the then-Web.com Tour in 2013.
Zach Johnson (2007): +12500
Johnson’s only PGA Tour victory prior to his breakout major win was at the BellSouth Classic in 2004. He has won another major since, but he has no victories of any sort since the 2015 Open Championship.
Masters fun facts
- Most wins: Jack Nicklaus (6)
- Youngest winner: Tiger Woods (21 years, 104 days)
- Youngest qualifier: Tianlang Guan, 14 (2013)
- Oldest winner: Nicklaus (46 years, 82 days)
- Widest winning margin: Woods (12 strokes)
- Lowest winning score: -18 (Woods, Spieth)
- Highest score on one hole: 13 (Seve Ballesteros: 16th hole in 1988, Sergio Garcia: 15th hole in 2018)
- Best comeback: Jack Burke Jr. over Ken Venturi, trailed by eight strokes after Round 3
- Amateur winners: None, three runner-ups
- Most times runner-up: 4 (Tom Weiskopf, Nicklaus, Ben Hogan)
Who qualifies for the Masters?
- All Masters champions
- Last five US Open champions
- Previous five British Open champions
- Last five PGA Champions
- Last three winners of The Players Championship
- Reigning Olympic golf medalist (if from the previous year)
- Current US Amateur champions and the runner-up
- Reigning British Amateur champion
- Current Asia-Pacific Amateur champion
- Reigning US Mid-Amateur champion
- Current Latin America Amateur champion
- Top-12 finishers, including ties, from previous year’s Masters
- First 4 finishers, including ties, from previous year’s US Open
- First 4 finishers, including ties, from previous British Open
- Top-4 finishers, including ties, from previous PGA Championship
- Winners of PGA Tour events awarding a full-point allocation for the Tour Championship from the previous Masters to current Masters
- Qualifiers from previous year’s Tour Championship
- Top 50 leaders from the OWGR at end of the previous calendar year
- The OWGR’s Top 50 leaders published the week prior to the Masters
- Top 50 leaders prior to the originally scheduled Masters at Week 11 (March 15th)
Where is the Masters this year?
Augusta National Golf Club, Augusta, Georgia.
What are the highest and lowest scores to win the Masters?
Tiger Woods (1997) and Jordan Spieth (2015) share the record for the lowest score at minus-18. Three golfers, Sam Snead (1954), Jack Burke Jr. (1956), and Zach Johnson (2007) have all won the Masters at plus-1.
Has anyone ever won back-to-back Masters?
Tiger Woods (2001 and 2002), Nick Faldo (1989 and 1990), Jack Nicklaus (1965 and 1966) have all won the Masters in back-to-back years.