The Masters Betting Guide 2020

Odds, Strategy, And History

The 2020 Masters was bumped from its annual spot in mid-April as the season’s first major and unofficial start of the PGA Tour season as a result of the COVID-19 pandemic. It will now be the final of three majors in 2020 and will be played Nov. 12-15 at Augusta National Golf Club in Augusta, Ga. The Masters, and the US Open, will be played twice as part of the 2020-21 schedule, while the PGA Championship will kick off the 2020 major schedule Thursday, Aug. 6.

This page highlights the 2020 Masters betting odds and the names you need to know, as well as looking back at some of the greatest longshot Masters champions in modern history. We also look at betting options for the Masters and break down some golf betting strategies.

Masters betting odds 2020

As the top-ranked golfer in the Official World Golf Ranking, Rory McIlroy is a convincing favorite for the 2020 Masters as he again seeks to complete the career grand slam. He’s followed by a stable of major contenders in Jon Rahm, Justin Thomas, Brooks Koepka and Dustin Johnson at both DraftKings Sportsbook and FanDuel Sportsbook. Tiger Woods, the 2019 champ and 11th-ranked golfer, is the fourth favorite at DK and the third favorite at FD.

The full 2020 Masters betting odds can be seen below. The futures odds will be routinely updated throughout the summer and early fall to reflect the 2020 season and early betting action in anticipation of the year’s most-anticipated golf event.

The Masters Winner

Game
11/15/2020
(Eastern Time)
(EST)
Rory McIlroy
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+750
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+700
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+800
Jon Rahm
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+1100
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+1100
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+1000
Bryson Dechambeau
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+1200
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+1200
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+1100
Tiger Woods
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+1400
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+1200
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+1400
Justin Thomas
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+1400
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+1400
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+1200
Dustin Johnson
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+1600
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+1600
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+1400
Brooks Koepka
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+1600
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+1200
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+1400
Collin Morikawa
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+2000
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+1800
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+2200
Patrick Cantlay
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+2500
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+2200
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+2500
Xander Schauffele
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+2500
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+1800
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+2000
Jordan Spieth
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+2800
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+1600
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+3300
Justin Rose
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+2800
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+2700
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+2500
Hideki Matsuyama
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+3300
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+3100
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+2500
Patrick Reed
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+3300
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+2700
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+2500
Adam Scott
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+3300
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+2700
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+3300
Tommy Fleetwood
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+3500
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+2700
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+2800
Jason Day
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+4000
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+3300
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+3300
Tony Finau
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+4000
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+2900
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+2800
Rickie Fowler
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+4000
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+4100
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+3300
Webb Simpson
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+4000
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+2700
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+2500
Bubba Watson
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+4000
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+3100
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+3300
Paul Casey
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+5000
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+5000
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+4500
Sungjae Im
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+5000
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+4100
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+4000
Marc Leishman
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+5500
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+4500
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+4500
Tyrrell Hatton
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+6600
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+6500
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+7000
Matt Kuchar
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+6600
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+5000
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+6000
Phil Mickelson
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+6600
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+4500
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+5000
Gary Woodland
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+6600
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+6000
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+4000
Matthew Fitzpatrick
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+8000
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+8000
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+8000
Sergio Garcia
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+8000
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+8000
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+8000
Shane Lowry
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+8000
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+6500
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+8000

View current odds for every golfer at DraftKings Sportsbook, FanDuel Sportsbook and BetMGM.

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The Masters 2020 players to watch

Rory McIlroy

McIlroy will try once again to overcome his Masters’ ghosts. He had a streak of five straight top-10 finishes snapped with a T-21 result last year.

Jon Rahm

Rahm finished T-9 in 2019 following a fourth-place result in 2018. He grabbed three victories on the European Tour last year but still needs his first PGA Tour major.

Justin Thomas

Thomas’ sometimes erratic putter has kept him off the top of the leaderboard at Augusta, as the Masters is one of two majors in which he doesn’t have a top-10 finish. The reshuffled 2020 schedule is expected to play in his favor, however, as five of his 12 PGA Tour wins have come between Sept. 1 and Dec. 1.

Tiger Woods

Tiger was taking time to rest up in preparation for an April Masters following a 68th-place finish at The Genesis Invitational earlier this year. He’ll be a beneficiary of the extended layoff as he continues to chase Jack Nicklaus’ all-time record.

Brooks Koepka

Koepka’s T-2 finish at Augusta in 2019 was his best result in four career appearances. The four-time major winner is a threat once again.

Dustin Johnson

Johnson, another former world No. 1, also shared the runner-up finish in 2019. He has played the Masters four times in the last five years and finished inside the top 10 all four times.

Tommy Fleetwood

Fleetwood entered the 2020 calendar year ranked 10th in the OWGR, but he remains in search of his first PGA Tour victory. He has five wins on the European Tour, with most of those coming against very strong fields topped up with PGA Tour stars.

Adam Scott

The 2013 Masters champion picked up his 14th career PGA Tour win at The Genesis Invitational in February before the season was suspended. He’s back to sixth in the world after finishing 2019 at 13th.

Jordan Spieth

Spieth’s struggles over the last two-plus years have been well documented, but he has remained a contender at Augusta. He was T-21 in 2019 following a third-place finish in 2018. His putter is still his best asset, and that matters on these greens.

Lee Westwood

While Koepka, Tiger, and Spieth are all likely to benefit from the extended 2020 layoff, Westwood may be harmed. He had climbed back to 31st in the OWGR following a win at the Abu Dhabi HSBC Championship and a T-4 finish at The Honda Classic. He has two runner-ups here and hasn’t missed a cut since 2006 but skipped the last two years.

When and where to watch The Masters

When: Thursday, Nov. 12 – Sunday, Nov. 15

Where: Augusta National Golf Club, Augusta, Ga.

How to watch: Jim Nantz and Nick Faldo will again cover the Masters for CBS. The network has already announced its decision to air Sunday’s final round over Week 10 of the NFL schedule. ESPN will carry early coverage of Thursday and Friday’s rounds.

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

The spreading legalization of sports betting throughout the United States in 2020 and the postponement of the Masters are likely to couple together for record betting numbers on a PGA Tour event, even though it’ll be sharing the action with the NFL. Expect the sportsbooks to take full advantage with a broader range of markets and bet types.

The 2020 Masters futures odds were released last April, following Tiger’s victory. They were updated almost weekly through the remainder of the 2018-19 PGA Tour season and the start of the 2019-20 campaign. The suspension of tournament play temporarily paused changes in most markets, but they’ll be quick to be updated once again throughout the summer and early fall.

Odds can range from McIlroy’s +650 odds for the tournament win to past champion Jose Maria Olazabal’s +150000. A $10 bet on each golfer to win the 2020 Masters would return a profit of $65 and $15,000, 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 longshot. 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 longshots 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. It’s unsure how the rescheduled Masters will reflect on those props (be sure to check with your sportsbook), but it’s safe to expect cross-sport props to be made for Sunday at the Masters and the Week 10 Sunday Night Football contest between the Baltimore Ravens and New England Patriots.

Masters 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. Taking place in the fall of 2020, however, there will be nearly a full season of event results and statistical data available for research.

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 2020 Masters will have great effects on the odds. Not only will the bookmakers adjust the odds for the winners and top finishers as they move up the OWGR and 2020 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 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 last year, each of the last 11 Masters winners was under the age of 40
  • 16 of the last 21 Masters champions made the cut in their previous start on Tour
  • 11 of last 13 Masters champions were ranked inside the world’s top 30
  • 11 of last 12 Masters champions posted a previous top-30 at Augusta
  • No defending champion or the world No. 1 ranked player has won the Masters in the past 11 years

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.

Biggest betting longshots in Masters history

Patrick Reed (2018) +6000

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) +15000

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.

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)

Masters FAQ

Who qualifies for the Masters?

  • All Masters champions
  • Last five US Open champions
  • Last five British Open champions
  • Last five PGA Champions
  • Last three winners of The Players Championship
  • Current Olympic golf medalist (if from the previous year)
  • Current US Amateur champions and the runner-up
  • Current British Amateur champion
  • Current Asia-Pacific Amateur champion
  • Current US Mid-Amateur champion
  • Current Latin America Amateur champion
  • First 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
  • First 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
  • Top 50 leaders from the OWGR 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.