Masters Odds | Betting Guide For The 2024 Golf Tournament At Augusta

Masters odds betting

The Masters is one of the more heavily bet sporting events of the year. Masters odds for 2024 are already available to bet on with Scottie Scheffler (+800) and Jon Rahm (+800) as the betting favorites. Rahm will be seeking his second straight outright win at Augusta. This year’s Masters will take place from Thursday, April 11 to Sunday, April 14.

View Masters odds for more golfers below.

Masters odds

Live Masters odds can be seen below. Compare odds and click on the price you like. Scottie Scheffler (+700) and Jon Rahm (+750) are the favorites to win.

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 (+850)

The co-favorite already owns one green jacket from his victory at Augusta two years ago and he tied for 10th last time around. Besides being ranked No. 1 in the Official World Golf Rankings,  Scheffler is off to a strong start this season with four top-10 finishes. 

Rory McIlroy (+850)

McIlroy’s career accolades include four major championships, but The Masters remains the event he has yet to win. Expect him to make a much better showing this time around after missing the cut last year.   

Jon Rahm (+950)

The defending Masters champ is among the favorites to win another green jacket. Even though this former world No. 1 has joined LIV Golf, Rahm is going to attract plenty of betting attention as a result of his 11 career PGA Tour wins.    

Viktor Hovland (+1500)

Hovland has yet to win a major, but is coming off a solid season highlighted by his Tour Championship win. The Norwegian has yet to miss The Masters cut, and tied for seventh last time around – the best performance of his young career. 

Brooks Koepka (+1900)

Koepka is no stranger to Augusta National, as he’ll be making his ninth career appearance this spring. After missing the cut the past two years,, Koepka (now on the LIV tour) tied for second with Phil Mickelson (-8) at this event last time out. 

Jordan Spieth (+1900)

Spieth might not have any recent Tour wins, but it’s hard to ignore the overall success of a golfer with 13 victories and 54 top-five finishes. The victory list includes taking home the green jacket in 2015.

Cameron Smith (+2100)

Smith is currently part of the LIV tour but meets the criteria to receive a Masters invite. He has played well here overall –  three top-five finishes, including a T-2 in 2020 – but finished T34 last year. 

Patrick Cantlay (+2100)

Cantlay has 55 top-10 finishes over the course of his career, but has yet to win a major. He had a T14 here last time around. 

Will Zalatoris (+2400)

Since turning pro in 2018, Zalatoris has just one Tour win – the 2022 FedEx St. Jude Championship. He made a very strong showing at the recent Genesis Invitational with a T2.  

Ludvig Aberg (+2400)

Since joining the Tour last year, the Swede had made the cut 18 out of 21 chances, including four top-five finishes. Besides making his Augusta National debut as a pro, The Masters will be his first major.   

Collin Morikawa (+2500)

Morikawa has enjoyed 34 top-10 finishes, including a T-10 at last year’s Masters. Two of his six career wins include The Open (2021) and PGA Championship (2020).

Justin Thomas (+2800)

Thomas is off to a strong start this year with top-10 finishes at The American Express and AT&T Pebble Beach Pro-Am. The American is looking to make a better Masters showing this time around after missing the previous cut.  

Xander Schauffele (+2800)

Schauffele is off to a hot 2024 start with four top-10 finishes, including a T4 at The Genesis Invitational and a T3 at The American Express. This will be his seventh time playing at Augusta National, with his best performance coming in 2019 (T2).

Hideki Matsuyama (+3200)

Matsuyama currently has a shorter pre-tournament price to win the upcoming Masters than he did the year he won the event (+5000). He has enjoyed some early success this year with a win at the Genesis Invitational. 

Bryson DeChambeau (+3400)

DeChambeau is no stranger to The Masters field with seven previous appearances, but he has missed the cut in back-to-back years. The former U.S. Open champ’s best showing came at the 2021 event (T21).

Cameron Young (+3600)

Young is fairly inexperienced playing at Augusta National compared to the other players listed here with just two appearances. After missing the cut the first time around (2022), Young made a much better showing last year with a T7. 

Dustin Johnson (+3600)

This will be Johnson’s 14th time playing in The Masters, with the best showing coming in 2020 when he won the green jacket. Prior to last year (T48), DJ had a streak of six top-10 results over his previous seven Masters. 

Jason Day (+3700)

Day is no stranger to The Masters, as this will be his 13th appearance overall, and includes a T39 last year. The Aussie’s best Masters finish – T2 – came way back in 2011.

Tony Finau (+4100)

Finau has turned in some solid performances at Augusta National – three top-10 results in seven appearances. None of his six career wins have come in a major.  

Max Homa (+4100)

Homa is coming off a solid season that included wins at the Farmers Insurance Open and Fortinet Championship. Even though he is playing in The Masters for the fifth time, Homa’s best showing so far has only been a T43 (last year).

Tiger Woods (+7500)

The five-time Masters champion knows what it takes to win at Augusta National – the most recent being 2019. The question remains if Woods’ body will hold up and be ready to play 72 holes when Apri rolls around.  

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.

GolferMasters Odds: March 2Masters Odds: April 2Masters Odds: April 5Masters Odds: April 6 – Post Round 1Masters Odds: April 8 – Post Round 2
Jon Rahm+600+850+850+320+150
Rory McIlroy+800+700+750+1800OTB
Scottie Scheffler+1200+700+650+450+12500
Cameron Smith+1200+2000+3500+5000+15000
Justin Thomas+1400+2200+2200+4500OTB
Xander Schauffele+1600+2200+2500+2000+12500
Patrick Cantlay+1600+1800+2000+5500+10000
Collin Morikawa+1800+2200+2800+2200+1800
Jordan Spieth+2000+1600+1800+1600+2500
Will Zalatoris+2200+3500+4500OTBOTB
Dustin Johnson+2200+2500+2200+5000+25000
Viktor Hovland+2500+3500+4500+900+2200
Tony Finau+2500+2200+1800+2000+30000
Max Homa+2500+2800+2800+6500+60000
Matthew Fitzpatrick+2800+4500+5000+6000+25000
Hideki Matsuyama+3500+4000+4500+13000+12500
Brooks Koepka+3500+3500+4000+700+140
Joohyung Kim+3500+7000+9000+11000+30000
Sungjae Im+4000+3500+4500+11000OTB
Shane Lowry+4000+6000+5500+3500+8000
Sam Burns+4000+3500+4500+2500+4500
Cameron Young+4000+2800+3500+1600+3300
Bryson DeChambeau+4000+10000+11000+100000OTB
Tyrrell Hatton+5000+5000+5000+11000+75000
Tiger Woods+5000+6500+9000+80000OTB
Patrick Reed+5000+5500+8000+18000+20000
Joaquin Niemann+5000+5500+5500+11000+10000
Adam Scott+6000+8000+10000+5500+30000
Tommy Fleetwood+6500+5500+5500+18000+50000
Russell Henley+6500+15000+13000+80000+20000

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.

Betting strategy

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
  • Scrambling
  • Birdies

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.

YearGolferPre-Tourney odds
2022Scottie Scheffler+1800
2021Hideki Matsuyama+5000
2020Dustin Johnson+800
2019Tiger Woods +1400
2018Patrick Reed +4000
2017Sergio Garcia+3000
2016Danny Willett+5000
2015Jordan Spieth+1000
2014Bubba Watson+2000
2013Adam Scott+2500
2012Bubba Watson+3000
2011Charl Schwartzel+10000
2010Phil Mickelson+1000

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 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)

Masters FAQ

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.