The Masters Betting Odds 2020

The Masters draws more interest than any golf tournament in the world. That includes the betting market, when in 2012 a prominent Las Vegas sportsbook reported that the Masters “was the biggest golf tournament, wagering wise, in the history of golf betting.”

Now more legal sportsbooks in the US like FanDuel Sportsbook and DraftKings Sportsbook are offering Masters match-ups and odds to win along with props that bring in more wagering action. That’s beyond the fantasy golf (DFS) events that are so prominent at DraftKings.

Each year since 2012, The Masters handle has progressed, and in 2018 it reached record wagering with the return to relevance of Tiger Woods and his prominent position as a golf great and four-time Masters champion at Augusta National. Interest in the tournament will only increase after Woods captured his fifth green jacket at Augusta in 2019 (and crushing sportsbooks in the process).

Plus, with legal sports betting spreading across the U.S., the 2020 Masters is expected to have another record betting year.

The Masters Outright Odds NJ 2020

Given the popularity of the Masters, there should be plenty of wagering options for the green jacket event at Augusta National. Odds to win the Masters, match-ups, props, over/under winning score and player props on selected stars like Tiger Woods will be available at DraftKings SportsbookFanDuel Sportsbook, BetStars NJ.

The Masters 2020 Winner

Odds Updated 4/14

Game
04/09/2020
(Eastern Time)
(EST)
Tiger Woods
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+850
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+800
Dustin Johnson
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+1100
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+1000
Rory McIlroy
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+1100
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+1000
Jordan Spieth
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+1300
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+1600
Brooks Koepka
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+1700
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+1600
Justin Rose
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+1700
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+1800
Francesco Molinari
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+1700
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+2200
Jon Rahm
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+1700
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+2200
Justin Thomas
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+1700
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+2000
Rickie Fowler
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+1700
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+2200
Bryson DeChambeau
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+2400
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+2500
Jason Day
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+2400
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+2500
Tommy Fleetwood
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+2400
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+2800
Hideki Matsuyama
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+2900
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+3300
Xander Schauffele
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+2900
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+2500
Tony Finau
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+3200
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+3300
Bubba Watson
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+3600
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+3300
Patrick Cantlay
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+3600
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+4000
Patrick Reed
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+3600
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+5000
Paul Casey
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+3600
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+3300
Adam Scott
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+4600
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+4000
Henrik Stenson
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+4600
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+6600
Louis Oosthuizen
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+4600
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+5000
Marc Leishman
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+4600
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+5000
Matt Kuchar
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+4600
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+6600

Masters betting strategy

Picking an outright winner is a significant challenge at every PGA event. The best way to make money consistently is isolating head-to-head match-ups and selected proposition bets.

Your main handicapping focus should be on current form and course form, which includes a players experience and results playing at Augusta National. Finding value early and shopping around at the sportsbooks for the best long-shot prices and matchups is a focus as you narrow your selections and spread your risk. Unfortunately, many of the golfer’s odds to win the Masters get bet down closer to the starting date of the event.

When placing a win wager, it should be no more than 10-20% of a head-to-head match-up wager, which allows more handicapping, strategy and skill to produce profit and winners. So, if you wager $100 on Rory McIlroy over Justin Rose in a 72-hole tournament match-up, for example, you would consider wagering $10 to $20 on an individual player to win the tournament outright.

Some bettors won’t heed this advice or money management strategy, but betting on players to win an event alone is akin to playing a slot machine and hoping to hit 777.

Daily fantasy (DFS) has added to the tremendous interest in golf betting, and the strategy is different when drafting players and putting together a team on a budget. You’ll still need to have value picks as longer shots on your DFS team, so recognizing players in current form with course form at Augusta and those more capable of putting and shot-making is part of your plan and strategy when looking to score at the Masters.

The key is to have players make the cut, and from there hope they can score and contend or win the event. Regardless, fantasy golf and betting on players is a great way to add to the enjoyment of the Masters.

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:

  • Each of the last 11 Masters winners was under the age of 40
  • Each of the last five Masters winners finished 1st or 2nd in their last eight starts
  • 10 of last 11 made the cut in the previous year’s Masters – 2018 winner Patrick Reed missed the cut the year before
  • 16 of the last 21 Masters champions made the cut in their previous start on Tour
  • 10 of last 12 Masters champions were ranked inside the world’s top 30
  • 10 of last 11 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 again as 2018 Masters champion that there are plenty of top pros that provide value and have a chance to win and wear the green jacket.

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