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The Masters 2024 Betting Guide

The Masters is the pinnacle of golf, and for fans of the tournament, there are plenty of Masters betting markets. This prestigious major provides numerous options to bet on, from outright winner to top 20 finish.

In our comprehensive Masters guide, we bring you sites with the best Masters betting odds, how to place a Masters bet, and tips to help you profit.

Best Masters Betting Sites 2024

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Terms and conditions: The bonus code is only valid for a new customer's first deposit and must be redeemed immediately after the deposit and before a wager has been placed. The sum of the deposit and the bonus are subject to rollover requirements of 8x at min. odds of -200 (1.5) before a new bonus can be redeemed or a withdrawal can be made. Max. $1000 of each bet count towards the rollover requirements. Terms and Conditions apply. – Terms apply
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  • Competitive sign-up and promotional offers
  • Excellent statistics section to aid customers
  • Pain-free deposit options
  • Accepts both high and low limit bettors
  • Lengthy and expensive withdrawal procedure
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  • Premier destination for US bettors
  • Racebook covering daily races
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  • In-depth sports stats and tips
  • Intuitive live betting markets
  • Limited withdrawal options
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  • Generous bonuses and promotions
  • Great range of betting markets
  • Extensive racebook
  • Very good customer service
  • Only a few withdrawal options
  • Fees for withdrawing funds
4.62/5
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  • Trusted by publications such as ESPN
  • Access a dedicated racing section
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  • Adjust odds format and time zone
  • Support options include call back
  • Quite low sportsbook limits
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  • Accepts players from all over the world
  • Known for their live betting offers
  • Lots of secure banking options
  • Great bonuses and promotions
  • High fees for some deposit options
  • Support agents are often slow to reply
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0 – 24 Hours

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  • BTC
  • Top-rated US online sportsbook
  • Mobile site for iOS and Android users
  • Diverse range of betting markets
  • Excellent customer support options
  • Lines come out very late in the day
  • Odds not as favorable as other books
4.5/5
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15% up to $600
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Amex
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0 – 24 Hours

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  • CAD
  • EUR
  • Popular book that accepts large max bets
  • Huge focus on football and basketball
  • High-spec live in-play platform available
  • Downloadable client for Windows & Mac
  • Odds are not amazing on non-US sports
  • User interface could be improved
Augusta National Golf Club leader-board

Where and When Is the 2023 Masters Tournament?

The 2023 Masters will be held in Augusta, Georgia, USA from April 6th – 9th. For golf betting fans, the Masters is the biggest event of the calendar year, with the winner awarded the coveted green jacket. Previous winners playing this year include, Tiger Woods, Bubba Watson, and last year’s champion, Scottie Scheffler.

When: April 6th – 9th 2023
Where: Augusta National Golf Club, Georgia, USA
Par: 72
Yardage: 7545
Defending Champion: Scottie Scheffler

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Why Join the Top Masters Betting Sites?

There are many perks to why you should join a top Masters betting site. One of them is that you can take advantage of top bonus offers, which will enhance your betting experience while betting on the Masters. Another reason is the boosted odds on selected markets, as well as exciting betting options.

If you’re a novice to the Masters, you’ll find betting tips on golfers who will perform well. And if you enjoy betting on-the-go, you’re even able to use betting apps for greater convenience.

Free Bets and Bonuses

Top Bonus Offers

On sign-up, you’ll be rewarded with a welcome bonus, which will boost your bankroll. If you lose your bet, some sportsbooks offer cash-back, whilst others offer reload bonuses for existing customers. By utilising bonus offers, you’ll minimise risk, giving you additional betting options to try out. This way, there’s only an upside and no downside.

Best Offers

Exciting Betting Options

One great aspect of Masters betting is the exciting features that sportsbooks offer. Besides plenty of odds, bookies offer cash-out on many golf markets, and you can build your own bets with bet-builder. Bookmakers also offer exotic bets. Some of these betting options include, hole-in-one, predicting the nationality of the winner, and handicap.

Betting Odds

Enhanced Betting Odds

An excellent perk of betting on the Masters is the boosted odds offered throughout the tournament. When the Masters is underway, you’ll find special Augusta betting odds to take advantage of. They are available in a wide range of markets, from outright winner to top 10 finish. Enhanced odds is an excellent way to boost your winnings, for no added risk.

In-play markets

In-Play Betting

When the tournament is live, in-play betting allows punters to predict what will happen next in the moment. You’re able to bet on the overall winner, or a prop bet like top lefty. When you bet in-play on the Masters, you’ll find much better value and betting odds. Also, bettors can lock in profits, by cashing out bets before the outcome is even settled.

Mobile App

Golf Betting Apps

To get closer to the action at this year’s Masters, you can download golf betting apps. You’ll be able to watch highlights on your device, place instant bets, and have access to the latest promotions. In addition, you get up to date statistics, these include previous Masters performance, head to head data, and the golfer’s recent and current form.

Betting Tips

Betting Tips and Tipsters

As betting on the Masters is a tall order, sportsbooks curate golf betting tips from experts with vast experience. These tipsters do all the data crunching, which saves you time. You’ll find great tips on each-way bets or even prop bets like top lefty. Yet, remember, a tipster is never correct 100% of the time, so always take tips as informed opinions rather than fact.

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Master’s Betting: A Beginner’s Guide

Don’t let betting on the Masters put you off if you’re a beginner. Here at SBO, we are experts that can guide you in the right direction. First, you need to know when and where to bet, and what markets are available. Read on to find out how to easily place a Masters bet.

When Can You Place Bets on the Masters?

You can bet on the Masters anytime, as the futures market starts when the previous event finishes. Also, you’ll find much higher value bets when you place a bet before the tournament starts. The best value markets are the outright winner ones, as well as top 5 finish.

Nevertheless, picking the winner before a golf ball is struck is super hard. Instead, we recommend betting in-play after watching the golfers play a few holes. This way, you’ll have a much better feel, and the chance of predicting the correct outcome is much higher.

How Do You Place a Masters Bet?

Before you can place bets on the Masters, you first need to sign up at one of our recommended bookmakers. Once you register, make a deposit and claim your welcome bonus. Now, find the golf section and browse the markets available.

Select the Masters and pick which market you’d like to bet on. For example, if you are betting on a top 20 finish, select the golfer you’re backing, and add him to your betting slip. Next, choose your stake and place your bet. If you’re betting in-play, you might have the option of cash-out.

Different Types of Masters Bets Explained

Golf is a sport that provides plenty of betting markets for punters, and the Masters is no exception. The most popular market is the outright winner, but top 5, 10 or 40 to finish are common bets too. Also, if you have a favourite player, you can back him to beat his teeing off partner in head-to-head. 


Or, if you want a more exotic bet, bookies offer the best lefty, or the best past champ market. To give you an insight, we’ve selected the main Master betting markets, and explained each one in detail below.

Outright Winner

Outright Winner

In the context of US Masters betting, an outright winner is a futures bet on which golfer will win the tournament outright, without any handicap or point spread applied. For example, if you place an outright winner bet on Rahm to win the Masters, you will only win if he finishes with the lowest score and is declared the winner of the tournament.

Top 5 or 10 to 40 Finish

Top 5 or 10 to 40 Finish

A top 5 finish means you are betting on a golfer you choose will finish the tournament in one of the top 5 positions when the tournament finishes. On the other hand, a top 10 finish means you are betting on a golfer to finish in the top 10 positions. A bet on a golfer to finish in the top 40 is the easiest, but the potential payout is lower.

Head-to-Head Matchups

Head-to-Head Matchups

In Masters betting, a head-to-head matchup is a type of bet where you predict which of two golfers will beat the other over a specified period of time. Head-to-head matchups are a good option if you want to follow your favourite golfer, rather than trying to predict the overall winner. It’s important to do your research, so always check the weather conditions and player form.

Group Winners

Group Winners

Group winners is a type of bet on which golfer scores the lowest in a designated group of players. For instance, a sportsbook may create a group consisting of 4 golfers, such as Woods, Mickelson, Rose, and Fowler. Just choose which one you think will perform the best. If he scores lower than the others by the end of the tournament, you will win your bet.

To Make or Miss the Cut

To Make or Miss the Cut

The cut is made after the second round of the Masters. It’s a scoring threshold that determines which players will continue to play, and which players will be eliminated. Only the players with the lowest scores can continue. Betting on whether a player will make or miss the cut, is an interesting and potentially profitable Masters bet.

Round 1 Winner

Round 1 Winner

There are four rounds in the Masters, and the round 1 winner market refers to a bet placed on the golfer who wins on the first day. The winner will be the player with the lowest score over 18 holes. Betting on the Round 1 Winner is a great way to add extra excitement to your Masters betting.

Round 1 (Top 5, 10 or 20)

Round 1 (Top 5, 10 or 20)

This bet that requires you to predict the top 5, 10, or 20 players who post the lowest scores after the first round. For example, a Round 1 Top 5 bet is predicting who will finish in the top 5 after the first 18 holes. The higher the number, the easier it is to predict, but your potential payout is lower.

Hole-in-One Props

Hole-in-One Props

A hole-in-one props bet at the Masters is one that involves predicting whether a golfer will hit a hole-in-one during the tournament. It’s a rare feat in golf, and it occurs when a golfer hits the ball directly into the hole with their first shot from the tee. This bet is popular because it offers big payouts, as the odds of a golfer hitting a hole-in-one are very high.

Tournament Props

Tournament Props

Tournament props are bets focused on specific events that may occur during the Masters. These include top lefty, where you predict which left handed golfer will score the lowest over the tournament. Another prop bet is the 72nd hole, which predicts what will happen on the final hole of the Masters. Other common tournament props are best round, top past champ, and top player by college.

Nationality Props

Tournament Props

Nationality props is a type of exotic bet which involves predicting the nationality of the golfer who will win the Masters. On sportsbooks, they are categorised into continents, America, Europe, Asia, or Rest of World. This type of bet is appealing if you have a particular affinity for golfers from a specific region. America often has the lowest odds, whilst Rest of World has the highest.

Close up of a golf club preparing to hit a golf ball against grass

2023 Masters Betting: Who Are the Favourites, Contenders and Longshots?

With over 100 golfers all competing to win the Masters, picking the winner is one difficult task. Nonetheless, by looking at the statistics, our experts have narrowed down players who stand a chance of winning. To help you further, we’ve broken down our analysis to the favourites, potential contenders, and longshots.

Favourites

Favourites

John Rahm

The world number 1, Jon Rahm is the favourite with bookmakers to win the Masters tournament. After winning the US Open in 2021 by one shot, Rahm has kicked on to win numerous PGA Titles. These include the Mexican Open, the Acciona Open de España, and the DP World Tour Championship.

Known for his strong mindset, and consistent play, Rahm has all it takes to win his first ever green jacket.

Scottie Scheffler

Last year’s winner, Scottie Scheffler is one of the early Master betting favourites according to sportsbooks. Last year, he spent 31 weeks as world number 1, and won the Arnold Palmer Invitational and the Phoenix Open.

Besides winning the Masters in 2022 by 3 strokes, he also finished tied 2nd at the US Open. With impressive approach play, and excellent putting, Scheffler can go on to win back-to-back Masters.

Contenders

Contenders

Dustin Johnson

Dustin Johnson, the former world number 1 who won the Masters back in 2020 by five shots, finishing at 20 under par. Since then, Johnson won the Saudi International in 2021, and the LIV Golf Boston Invitational in 2022.

Having a long drive with terrific approach play, Johnson has the skills to win the Masters. If he is able to find his form from a couple of years ago, Johnson can win his second green jacket with ease.

Hideki Matsuyama

The Japanese golfer, Matsuyama is currently ranked in the top 25 in the world. He won the 2021 Masters beating Will Zalatoris by 1 shot finishing 10 under. Last year was his best performing year to date, pocketing over $6m in prize money.

After winning the Masters, Matsuyama won the Zozo Championship, with his most recent win being the Sony Open in Hawaii.

Longshots

Longshots

Bryson DeChambau

The “Scientist” is yet to ever win the Masters, but year on year, he’s getting closer. Last year, he made the cut, before finishing 43rd. His biggest win was at the US Open in 2020, where he won his first ever major by 6 strokes.

DeChambau has also found success at the 2021 Ryder Cup, where his American team beat the Europeans 19-9. He also defeated the Spanish golfer Sergio Garcia in his Sunday singles match.

Louis Oosthuizen

The South African, affectionately nicknamed “Shrek”, always turns up for majors. He was runner up in the Masters back in 2012, losing out in a playoff to Bubba Watson. His Augusta betting odds are high, and is definitely worth a punt to win the jacket.

The only major Oosthuizen has to his name is the 2010 Open Championship. His majors record is impressive though, finishing runner up in each one. In 2021, he finished 2nd at the US Open, and tied 3rd at both the Open Championship and the USPGA.

Augusta National Betting Odds

The Masters is the most prestigious golf tournament held annually at the Augusta National Golf Club in Augusta, Georgia, USA. It’s known for its fast greens, strategically placed bunkers, and narrow fairways. The venue also features beautiful flora and fauna, such as magnolia trees, dogwoods, and azaleas.

The 7545 yard golf course challenges golfers to make accurate shots and to navigate through the tricky hazards. When betting on the Masters, understanding the specifications of the Augusta National Golf Club provides valuable insights into how previous winners have performed.

Studying the statistics helps you understand players’ performance on the Augusta course, compared to other courses. In addition, looking at the golfers recent record is a good insight to predicting their current Masters campaign.

Amen Corner

Amen Corner is a term used to describe the 11th, 12th, and 13th holes at the Augusta National Golf Club, which are some of the most iconic and challenging holes in golf.

The 11th, known as White Dogwood, is a par-4 that measures 505 yards. The hole requires a precise tee shot to avoid the fairway bunkers. When on the fairway, there’s a difficult approach shot to the green, which is protected by a large pond on the left.

The 12th hole, Golden Bell, is a par-3 that is only 155 yards but requires a precise shot over Rae’s Creek, which runs in front of the green.

The 13th hole, called Azalea, is a par-5 that measures 510 yards. The hole requires a long and accurate tee shot to avoid the trees on both sides of the fairway. It also needs a well-placed second shot to set up a birdie opportunity.

The combination of these three holes has been dubbed Amen Corner because of the pressure they put on golfers. The name also comes from a religious hymn, played by a nearby church during the tournament’s early years.


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Latest 2023 Masters Tournament Betting Offers

In US Masters betting, one of the best parts are the bonuses which you’re able to claim. Sportsbooks offer a wide range of bonuses and promotions that you can use while betting on the tournament. As a new customer, you can take advantage of a welcome bonus when registering and making your first deposit.

Moreover, there are free bets and other betting offers, such as cash-back and boosted odds on certain markets, like the outright winner, and top 10 finish.

Welcome Bonuses

Welcome Bonuses

A welcome bonus is an offer that you can take advantage of when signing up to bet on the Masters. All you have to do is to register and deposit a minimum amount, and your bonus will be credited to your account. A welcome bonus is great to try out exciting new markets without taking any risks. Yet, remember to always check the wagering requirements prior to claiming the bonus.

Masters Free Bets

Masters Free Bets

Throughout the Masters, you’ll have the chance to take advantage of free bets. It can be offered in a wide range of markets, from the outright winner to finishing in the top 5. To qualify, sportsbooks require you to place a bet first, and later your account will be credited with a free bet. Free bets are a terrific opportunity as the standard betting requirement is low, 1x.

Extra Each-Way Places

Extra Each-Way Places

At online sportsbooks, each-way refers to the top 5 placed golfers at the Masters. However, one promotion that aids your betting is extra each-way places. Depending on the bookie, you might find up to eight places paid out, which can increase your profits. Each-way Masters betting odds are paid out at a quarter of the outright winner odds.

Enhanced Odds on the Masters

Enhanced Odds on the Masters

Before and during the tournament, bookmakers run daily promotions with enhanced odds. These will be in many events from each-way Masters betting, to the round 1 winner. As an example, Jon Rahm to win the first round will be priced at 8/1, but with a price boost it will be 10/1. You will also find special bets with enhanced odds like whether a hole-in-one will happen.

Masters Cash-Back Offers

Masters Cash-Back Offers

As the Masters is difficult to predict, cash-back offers come in handy when you just fall short. Bookmakers will offer cash-back on a wide range of markets, from top 20 finish, to prop bets. If you narrowly miss out, your stake will be refunded. For instance, if you bet on Tiger Woods to be placed in the top 10, but he finishes 11th, your stake will be returned.

Masters Betting Tips

At the Masters, everything can seem difficult to predict. Golf is the only game where there is no opponent, that’s why the outright winner odds are so high from the start. However, there is always a way to get an edge. We have compiled a list of Masters betting tips for you to consider, to get the most out of betting on the tournament.

1

Research Previous Masters Performance

Research Previous Masters Performance

As the Masters is at the same course every year, some golfers perform better there than others. Of the players who will compete at the 2023 Masters, 10+ have already won it. Therefore, these golfers have the right mindset and skills to go all the way again. Yet, you should also study recent performances, and research who has come close, like Rory McIlroy.

2

Compare Betting Odds

Compare Betting Odds

As the Master betting odds for the outright winner start off high, always compare the prices between bookmakers. Just a few minutes can make you substantially more profit. Why place a bet at 50/1 at one bookie when you can get the same bet at 66/1? Also, it works the same in each-way betting because you’re paid a quarter of the odds, so always look for the best!

3

Opt for an Each-way Bet

Opt for an Each-way Bet

Guessing the outright winner of the Masters pre tournament is a difficult feat. Therefore, the value is predicting which golfers will finish in the top 5, 10 or even 20. As It’s hard work predicting players to be near the top of the leader board, they also return decent profits. You can do this before the tournament starts or wait until you’ve seen all the golfers play.

3

Bet on the Hole-in-One Market

Bet on the Hole-in-One Market

The hole-in-one market is probably the hardest market to correctly predict. Yet, it’s also the most profitable. You can bet on any player getting a hole-in-one, or, pick an individual golfer for an even bigger payout. This market is interesting, as you can turn a small bet into a huge amount of winnings. Nonetheless, the last time it happened was in 1988, when Curtis Strong got a hole-in-one on the par 3, 16th hole.

Join the Best Masters Golf Betting Sites

Now you have all the knowledge you need to make a Masters bet. We’ve given you a breakdown of all the Masters golf betting markets, and even some top tips to succeed when betting on the tournament.

The next step is to register with one of our recommended bookmakers. Do your research, and start placing bets on the Masters today.

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FAQs

Can you bet on the Masters online?

Yes, it’s easy to bet on Masters golf. We have provided you with a list of reputable sportsbooks all of which offer excellent promotions. All you need to do is register with a bookmaker, make a deposit, select your market and stake, and then your Masters betting journey starts.

What are the betting odds on the Masters?

Depending on which betting market you choose for the Masters, the odds will vary. The highest odds is predicting the outright winner, whereas the lowest the Masters betting odds is predicting to be placed in the top 40. Odds change drastically when the tournament is underway, especially if there is an early leader.

What apps can I use to bet on the Masters?

All of our partner bookies offer apps in iOS or Android and the registration process to start Masters betting is simple and easy. First, download the app, and then sign up by filling in your personal details. Sometimes, you’ll even find special apps only bets you can take advantage of.

Where can I place a bet on the Masters?

You can place a bet on the Masters at any of our recommended sportsbooks on this page. All you need to do is register an account, make a deposit, and select which market you want to bet on. From there, select your stake and place your bet.

Can I live stream the Masters for free?

At many online sportsbooks, you will be able to stream all the action live on any device, provided you have placed a bet. It can be on any Masters golf betting market, but you will have to fulfil the minimum stake required.

How many players make the cut at the Masters?

Making the cut means to qualify for round 3 and 4 which are played on Saturday and Sunday. To make the cut, golfers must be in the top fifty players, including ties. However, if the quality is high, the cut extends to any player that is 10 strokes within the leader.

How do you qualify for the Masters?

To qualify for the Masters, there are numerous routes. One is to win a major tournament or to win a PGA tour event. Moreover, if a golfer is ranked in the top 50 they will automatically qualify. Amateurs are also able to qualify by winning the U.S. Amateur Championship or the UK Amateur Championship.

About the author

Alan Penny
Alan Penny

Editor-in-Chief

Alan hails from Northern Ireland and is an avid fan of all sports. He has been with us since 2017 and serves as SBO’s Editor-in-Chief. Alan passionately covers everything from the latest regulatory developments across the globe to tips on the latest football matches.