Spring will be here soon and the season’s premier sporting event is already taking shape. Online sportsbooks have had Masters odds up for months and the futures board shows Rory McIlroy and Jon Rahm as the early favorites. McIlroy was +900 in early January of 2023 while Rahm was +1000. Justin Thomas (+1200), Cameron Smith (+1200) and defending champ Scottie Scheffler (+1200) were also perched near the top of Masters odds boards.
Masters betting odds for 2023 have been posted by the top sportsbooks in the US. Compare Masters prices and wager below.
Here is a futures report with updates on the top golfers in the Masters field. Attached are the best current odds for each competitor.
Rory McIlroy : Will once again head to Augusta looking for a Green Jacket and the career Grand Slam. Already has 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. Has undeniably been the best player in the world since last April.
Jon Rahm : Rahm won the DP World Tour Championship and in Spain late in the season to cap off what had mostly been a disappointing year for the former World No. 1. We saw some surprising inconsistencies in his game throughout, but he still showed his ability to tough it out. Had 4 straight Top 10s at Augusta before finishing 27th last year.
Scottie Scheffler : Scheffler somehow feels like a bit of a forgotten man despite being World No. 2 and finishing the year quite strongly. That will happen when the play drops a bit from his outrageous pace that saw him log his 3rd win of the year at the Masters. He’ll be an intriguing play if the odds drop anymore.
Justin Thomas : Thomas lifted his 2nd PGA Championship trophy at Southern Hills last year before going through quite a slump to end the year. It was both his putter and some rough iron play that caused that, so it will be interesting to see if he gets it going before getting to Augusta, where he’s logged a 4th and 8th in the last 3 years.
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 won in Australia to end his year on a high note. Has a 3rd, 10th, 2nd and 5th at the Masters in his last 5 starts.
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. His form on LIV has been good, but he didn’t show much last year on the PGA Tour.
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. He’ll again be a major factor if he can figure that out heading into the spring.
Jordan Spieth : I don’t think it’s unfair to say at least a little bit of the hype for Spieth at Augusta has died down a bit with just 1 finish inside the Top 20 in his last 4 tries. He missed his first cut there last year despite solid form and winning the following week at Harbour Town. His current form is decent but unspectacular, making this a hard number to swallow for now.
Will Zalatoris : Zalatoris hasn’t returned to action since issues from a herniated disc caused his to withdraw from the Playoffs after winning the FedEx St. Jude. He was obviously in great form prior to the injury, so it will be interesting to see how he looks when returning at the Sentry. Finishes of 2nd and 6th at the Masters.
Patrick Cantlay : Cantlay has taken substantial time off himself since the Tour Championship with just one start at the Shriners. He finished 2nd there and continues to look like one of the better players on the planet currently. Unfortunately, that hasn’t rubbed off on the majors very often for him, and he’s been fairly poor at Augusta outside of a 9th in 2019.
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 the year and seems to be in a great spot. Had a 2nd and 3rd at Augusta before a surprising missed cut last year as one of the favorites.
Tony Finau : This could be a steal of a number for Finau, as there’s a case to be made for him being one of the top two or three players in the world currently. He won 3 times in less than 4 months to end the year, and he’s shown plenty of life at majors in the past. We know his ball striking and distance has long been world class, but it’s the consistently hot putter that makes him a real threat. Has 3 Top 10s at Augusta in 5 starts.
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. Got some much-needed experience in contention at a major at St. Andrews, but he’s had no success in Augusta.
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.
Sam Burns : Burns has still failed to really get in the mix at a major despite establishing himself as one of the better players on Tour in regular events. The form was a bit iffy late in the year, but we’ll likely see him at his best during the Florida Swing and decide if he’s in play for his second start at Augusta.
Matthew Fitzpatrick : The U.S. Open champion continued to look strong throughout the rest of 2022 and is sure to be a factor in majors for years to come. His dramatic increase in distance makes him really interesting at Augusta, where his best finish is a 7th back in 2016. Distance and short game are the formula at the Masters, and Fitzpatrick has all of it.
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.
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. Hopefully his health will be good in 2023, and he’ll get plenty of chances to show us form before Augusta.
Tom Kim : The impressive youngster from South Korea has quickly become 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. He’ll be a debutant at the Masters and doesn’t possess the power we tend to prefer here, but don’t be surprised if he’s in the picture.
Sungjae Im : Im had a really nice end to his year with some very consistent play and consistent ball striking more like we’re used to from him. It seems that some seemed to forget about Sungjae as one of the most promising young players in the game, and I have a feeling he’ll remind them again in 2023. He has finishes of 2nd and 8th at the Masters in just 3 starts.
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. But don’t be surprised if he figures it out this time around.
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. Finished 3rd at the Masters.
Masters odds changes from last year
Here we documented how Masters lines changed in the days leading up to the tournament and during the tournament. April 6 odds are from DraftKings Sportsbook at 9:45 p.m. ET. April 7 and April 8 morning odds are from 8:45 a.m. ET. April 9 and April 10 odds are from 9:45 a.m. ET.
|Golfer||April 4||April 5||April 6||April 7||April 8||April 9||April 10|
And below are how odds to win the Masters changed from April of last year to April 1 of this year.
|Golfer||April 12, 2021||April 1, 2022|
Here are what the Masters betting odds looked like on Dec. 1 of last year as Jon Rahm and Dustin Johnson were the favorites.
- Jon Rahm +900
- Dustin Johnson +1000
- Jordan Spieth +1000
- Justin Thomas +1200
- Rory McIlroy +1400
- Bryson DeChambeau +1600
- Collin Morikawa +1800
- Xander Schauffele +1800
- Brooks Koepka +1800
- Patrick Cantlay +2200
And here are what odds to win the Masters outright looked like on March 28.
- Jon Rahm +750
- Jordan Spieth +1200
- Collin Morikawa +1200
- Justin Thomas +1200
- Rory McIlroy +1400
- Cameron Smith +1600
- Scottie Scheffler +1600
- Dustin Johnson +1600
- Patrick Cantlay +1600
- Brooks Koepka +1800
- Viktor Hovland +1800
- Xander Schauffele +1800
- Bryson DeChambeau +2000
Augusta futures report
Here is a look at the top contenders for Augusta along with their betting odds to win the Masters.
Jon Rahm (): Now World No. 2, Rahm will surely be looking to quickly bounce back to No. 1 with a win at the Masters. He hasn’t been at his best lately, but finishes of 4th, 9th, 7th and 5th in his last four appearances at Augusta should have him owning confident going in. Ranks 1st in Greens in Regulations Gained.
Justin Thomas (): Thomas has been knocking on the door a ton as of late but hasn’t been able to get it done … mostly due to the putter. Continues to look better and better at Augusta as he gets more appearances, and it feels like a matter of time until his iron play and short game magic gets it done at the Masters. Ranks 8th in SG: Approach.
Cameron Smith (): Used to be a great play as a mid-ranged bet at Augusta, but he now finds himself up at the top of odds to win the Masters boards due to two quick wins this year and consistent play throughout some of golf’s biggest events. Finishes of 5th, 2nd and 10th in last four starts at the Masters. Ranks 9th in SG: Approach.
Dustin Johnson (): Seems to be finding his ball striking a little bit as of late, but the 2020 Masters winner still hasn’t quite found his form. It’s a hefty price for someone not at his best, but his history at Augusta since 2015 really speaks for itself outside of last year’s missed cut. Johnson ranks 9th in SG: Putting.
Scottie Scheffler (): What an incredibly quick rise to World No. 1 for Scottie Scheffler, who has won three of his last five tournaments heading into the Masters. All three were at very different courses with strong fields, and he’s already shown plenty of life in the majors the last couple of years. Finishes of 18th and 19th at Augusta in two starts. Scheffler ranks 2nd in SG: Par 5.
Jordan Spieth (): He’s far from his best self right now with some major swing issues. Not sure what’s going on with his swing thought, but he seems a bit lost. We still know he can turn it on at Augusta in a moment’s notice. Spieth ranks 4th in SG: Putting on fast Bent greens.
Rory McIlroy (): He’s still looking for the elusive Green Jacket to get his Career Grand Slam. It seems like his game has been rounding into form for the most part, but there’s still some inconsistencies we’re not used to seeing from him. McIlroy has six Top 10s at Augusta. Ranks 3rd in Driving Distance.
Collin Morikawa (): Will be interesting to see if this number stays the same in the days leading up to the tournament with Morikawa struggling a bit this year so far and not producing his elite ball striking. The big concern is how he will handle the slick Augusta greens from a scrambling and putting perspective. Finished 18th last year to at least show he can be around the top here. Ranks 21st in SG: Approach.
Viktor Hovland (): Like Morikawa, the concern with Hovland at Augusta is whether his chipping will hold up on the brutally difficult tightly mown areas at Augusta. But unlike Morikawa, Hovland’s ball striking has been absolutely elite this year and could get him in contention alone. He’s finished 32nd and 21st in two starts at the Masters. Ranks 1st in SG: Approach.
Brooks Koepka (): Koepka seems to be getting it going at the right time, as he usually does. Struggled heavily for the last eight months, but some solid ball striking in Florida combined with a nice run at the Match Play makes it look like the four-time major champion is ready to contend at the Masters again. Has finishes of 11th, 2nd and 7th at Augusta in the last four years. Ranks 14th in Driving Distance.
Patrick Cantlay (): Cantlay started the year looking like he was going to coast right back into the elite form he had to finish the season, but his last three starts have been underwhelming to say the least. Some inconsistent ball striking along with some sporadic play at Augusta makes him a risky play. Ranks 1st in SG: Putting.
Hideki Matsuyama (): The defending champion has unfortunately been battling an injury since early March and didn’t inspire too much confidence when opening up at the Valero after taking time off. He had been hitting the ball wonderfully, but it’s always tricky to know if a player is really feeling like himself. Ranks 10th in GIRs Gained and 11th in SG: Approach.
Sam Burns (): This is a really intriguing number for the World No. 11 that could even go down. Some believe that Burns hasn’t shown up in majors yet, but he’s hardly had the chance. He played injured last Summer, and this will be his Masters debut. Has the distance and short game to be a contender here for years to come. Burns ranks 10th in SG: Approach.
Tony Finau (): Finau had a dominant final match at the WGC-Match Play and has started the Valero in the first round with a beautiful ball striking performance. If he’s rounding into form, this may be a steal of a number for one of the most talented players in the game that has three Top 10s at Augusta in just four tries. Finau ranks 14th in SG: Approach.
Russell Henley (): Henley’s confidence keeps building, and the key in his game is he’s now combining his world-class ball striking with some solid numbers on and around the greens. He also has some nice results at Augusta from when he was nowhere near the caliber player he is now. Ranks 2nd in SG: Approach.
Max Homa (): Homa now has four finishes of 17th or better as he continues looking like one of the more solid players on the PGA Tour. The ball striking is absolutely there right now, and he could certainly contend at Augusta if the putter shows up. Bent tends to be his best grass, so I’m expecting him to turn around his poor Masters results so far. Homa ranks 5th in SG: Par 5.
Luke List (): List is in contention once again at Valero, and his ball striking really does appear to be some of the best in the world right now. He hasn’t played in this event since he was an amateur in 2005, but there’s no question to me he has the game to contend at Augusta. Long a member of Team No Putt, List is his best at courses where you don’t have to be an elite putter to win, and Augusta is just that. He ranks 3rd in GIRs Gained and 3rd in SG: Around the Green.
Where to bet on The Masters
Course and tournament info
- Course: Augusta National Golf Club
- Location: Augusta, GA
- Date: April 7 – April 10, 2022
- Par: 72 / Yardage 7,475
- Fairways/Rough: Ryegrass
- Greens: Bentgrass
- How to watch: CBS, ESPN, The Masters Tournament
- Purse: $11,500,000
- Defending champ: Hideki Matsuyama
- Twitter: @TheMasters
When and where to watch The Masters
When: Thursday, April 7 – Sunday, April 10
Where: Augusta National Golf Club, Augusta, Ga.
How to watch: Jim Nantz and Nick Faldo will again cover the Masters for CBS.
Streaming options: Streaming is available on Masters.com, the Masters app and the CBS Sports app for featured groups and marquee holes.
How to bet The Masters
Masters betting odds for 2022 were released the day after Matsuyama’s 2021 victory.
Masters betting odds can range from Johnson’s +1000 odds for the tournament win to past champion David Duval’s +200000. A $10 bet on each golfer to win the 2021 Masters would return a profit of $100 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.