The Masters Betting Guide 2022

Odds, Strategy, And History

Masters betting odds 2022 futures

Hideki Matsuyama was a surprise Masters victor in 2021. Looking ahead to the 2022 tournament at Augusta, the man who was the favorite heading into this year’s event again has the lowest odds at most US sportsbooks. Dustin Johnson was +1000 to win the 2022 event on April 12 at DraftKings Sportsbook. Jon Rahm, Justin Thomas and Jordan Spieth were all +1100 on April 12. Here is a look at Masters betting odds for 2022.

Masters betting odds 2022

Matsuyama, who was around +4500 at most books before the start of the 2021 Masters, is +2200 to repeat at DK.

Here are 2022 Masters betting odds. Click on the price(s) you like to wager now.

Outright winner

Dustin Johnson
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+1000
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+1200
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+1200
Jon Rahm
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+1100
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+1100
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+1200
Justin Thomas
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+1100
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+1200
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+1200
Jordan Spieth
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+1100
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+1100
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+1200
Bryson DeChambeau
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+1200
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+1400
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+1600
Rory McIlroy
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+1600
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+1400
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+1600
Xander Schauffele
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+1600
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+1600
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+1800
Brooks Koepka
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+1800
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+1800
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+2000
Patrick Cantlay
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+2200
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+2200
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+2500
Hideki Matsuyama
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+2200
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+2200
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+2800
Collin Morikawa
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+2200
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+2200
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+2800
Tony Finau
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+2700
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+2900
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+3300
Patrick Reed
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+2700
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+2900
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+2800
Viktor Hovland
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+2800
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+2900
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+3300
Cameron Smith
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+3300
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+3300
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+3300
Daniel Berger
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+3300
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+3700
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+4000
Will Zalatoris
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+3300
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+3300
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+3300
Joaquin Niemann
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+4000
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+4200
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+6600
Paul Casey
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+4000
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+4200
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+6600
Tiger Woods
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+4000
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+4200
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+4000

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

Masters betting odds changes (2022)

Here we will document how tournament lines change over the course of a year, from when Masters betting odds were first posted on April 12 through the start of the 2022 event.

GolferApril 12 odds (DK)
Dustin Johnson+1000
Jon Rahm+1100
Justin Thomas+1100
Jordan Spieth+1100
Bryson DeChambeau+1200
Rory McIlroy+1600
Xander Schauffele+1600
Brooks Koepka+1800
Patrick Cantlay+2200
Hideki Matsuyama+2200
Collin Morikawa+2200
Tony Finau+2700
Patrick Reed+2700
Viktor Hovland+2800
Cameron Smith+3300
Daniel Berger+3300
Will Zalatoris+3300
Joaquin Niemann+4000
Paul Casey+4000
Tiger Woods+4000
Scottie Scheffler+4000
Webb Simpson+4000
Sung-Jae Im+4000
Justin Rose+4000
Tyrrell Hatton+4000
Tommy Fleetwood+4000
Matthew Fitzpatrick+4000
Jason Day+4500
Marc Leishman+5000

Masters betting odds changes (2021)

Here is a look at how DraftKings Sportsbook’s Masters betting odds for outright winner changed from April 1, 2021 to Masters Sunday.

As you can see, it’s never a lock that the favorite even makes it to Saturday at Augusta. Johnson, the reigning champ and favorite going into the 2021 event, had rounds of 74-75 the first two days and he was two shots shy of the cut line. Rory McIlroy and Brooks Koepka were other big names to miss the cut.

As for Matsuyama, his outright winner odds went from +4500 Thursday morning, to +1400 Friday, +1800 Saturday and to -120 at DK Sunday morning.

GolferApril 1 oddsThursday morning oddsFriday morning oddsSaturday morning oddsSunday morning odds
Dustin Johnson+800+900+1800OTBOTB
Jon Rahm+1000+1100+1100+4500+50000
Bryson DeChambeau+1100+1100+6600+2800+100000
Justin Thomas+1100+1100+1400+500+25000
Jordan Spieth+1400+1200+700+400+1600
Rory McIlroy+1600+1800+8000OTBOTB
Patrick Cantlay+2200+2000+80000OTBOTB
Tony Finau+2200+3300+6600+1400+10000
Xander Schauffele+2200+2500+2200+1600+500
Brooks Koepka+2500+2200+5000OTBOTB
Collin Morikawa+2800+2800+3300+2800OTB
Daniel Berger+3300+4000+12500OTBOTB
Paul Casey+3300+3500+5000+80000OTB
Matthew Fitzpatrick+3300+5000+10000+15000OTB
Viktor Hovland+3300+3500+5000+5500+50000
Patrick Reed+3300+3300+1200+15000+40000
Webb Simpson+3300+3500+1600+30000+100000
Sungjae Im+3300+3500+50000OTBOTB
Jason Day+4000+5000+40000OTBOTB
Hideki Matsuyama+4000+4500+1400+1800-120
Scottie Scheffler+4000+5000+6600+30000+100000
Cameron Smith+4000+3500+8000+4000+50000
Lee Westwood+4000+4500+50000OTBOTB
Sergio Garcia+4500+5000+30000OTBOTB
Tyrrell Hatton+4500+5000+2500+30000OTB
Tommy Fleetwood+5000+5000+10000+12500OTB
Louis Oosthuizen+5000+6600+40000+80000OTB
Bubba Watson+5500+8000+12500+20000OTB
Joaquin Niemann+6000+5500+20000+50000+100000
Abraham Ancer+6600+8000+30000+25000OTB

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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.

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  
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 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
  • 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.