The Masters Betting Guide 2020

Odds, Strategy, And History

The Masters Tournament will be the final major of the PGA Tour’s 2020 schedule after being bumped from its usual spot in mid-April. Postponed due to the COVID-19 pandemic, the Masters will be held Nov. 12-15 at Augusta National Golf Club in Augusta, Ga. It will then run again April 8-11 as the first major of 2021. As was the case with the PGA Championship, the US Open, and every other event since the PGA Tour resumed play in mid-June, there will be no patrons allowed on the grounds of Augusta National in mid-November. The page below lists the live outright Masters betting odds from the top US sportsbooks to win the 2020 Masters.

We’ll highlight some of the key players in the field and look at their 2020 seasons through the US Open. We’ll also look at some of the most memorable longshots to win the Masters, and break down all the ways to get action on this year’s tournament.

Masters betting odds 2020

Bryson DeChambeau is the favorite to win the 2020 Masters following his dominant performance at the US Open at Winged Foot. DeChambeau is +700 to win at Augusta at DraftKings Sportsbook.

Dustin Johnson was the co-favorite along with Rory McIlroy just prior to the US Open in mid-September. Both golfers were priced at +900 at FanDuel Sportsbook at the time. DJ, McIlroy and Jon Rahm are all now around +1100 at different books.

More Masters betting odds can be seen below. The futures odds will be routinely updated throughout the early fall in anticipation of the year’s most-anticipated golf event.

The Masters Winner

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

Bryson DeChambeau

The most-talked about golfer since the PGA Tour returned to play, DeChambeau capitalized on his weight gain and increased swing speed with his first career major victory at Winged Foot Golf Club. He moved to fifth in the Official World Golf Ranking with the US Open win. Accuracy off the tee and putting will be of greater emphasis at Augusta National.

Collin Morikawa

The PGA Championship winner struggled to a missed cut at the US Open. He’ll be making his first appearance at the Masters and will look to join Fuzzy Zoeller (1979), Gene Sarazen (1935), and Horton Smith (1934) as the only men to win the Masters in their first attempt.

Dustin Johnson

Again No. 1 in the OWGR, the 36-year-old Johnson has won twice in 2020, with three runner-ups, a third-place finish, and three other top 10s in 16 events. He tied for second at last year’s Masters, and finished inside the top 10 in each of his previous three appearances.

Brooks Koepka

Following a final-round collapse at the PGA Championship and a missed cut at the Wyndham Championship, Koepka withdrew from the US Open due to injury. He is now back on the Tour, however. The four-time major champ shared runner-up honors at Augusta in 2019.

Jon Rahm

Rahm briefly held top spot in the OWGR following his win at the Memorial Tournament and reclaimed it with a T-13 at the PGA Championship, but he has trailed Johnson ever since. He has two top 10s in three appearances at Augusta.

Justin Thomas

Coming off a T-8 finish at the US Open, Thomas will go for his first top-10 showing at the Masters. His best result to date was a T-12 in 2019.

Tiger Woods

The 2019 Masters champion can tie Jack Nicklaus’ all-time record with a sixth victory at Augusta and move into sole possession of the PGA Tour’s win record with an 83rd career win. A two-time winner in 2019, he’s without a victory this year and missed the cut at the US Open.

Xander Schauffele

Long on the brink of breaking through with a major win, Schauffele finished fifth at the US Open for his ninth top-10 result in his 13 major appearances. Those include a T-10 result at the PGA Championship.

Webb Simpson

Simpson has two wins and five other top 10s in 13 events in 2020. He tied for fifth at last year’s Masters for his first finish inside the top 20 in eight appearances.

Scottie Scheffler

The PGA Tour’s Rookie of the Year was forced to withdraw from the US Open due to a positive COVID-19 test. He had previously tied for fourth at the PGA Championship and The Northern Trust. A two-time winner on the Korn Ferry Tour last year, he’s looking for his first PGA Tour win and is the second player mentioned here debuting at Augusta.

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 DeChambeau’s +700 odds for the tournament win to past champion David Duval’s +200000. A $10 bet on each golfer to win the 2020 Masters would return a profit of $70 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 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.