Masters Golf Odds

The Masters Tournament is an invitational event organized by the Masters Committee. It is not part of the PGA Tour but has close associations with the governing body of the premier US professional golf tour. Augusta National is the only major played on the same course each year.  

When looking at Masters golf odds, you should consider the limited field. Several former champions are more ceremonial than competitive, and only about 50 players make the cut and qualify for the last 36 holes. Tiger Woods, as of 2022, had won five Masters titles. 

Masters Format

The Masters Tournament is a conventional 72-hole strokeplay event. There is a cut after 36 holes; potentially, any player who contests the final two rounds can win the Masters. The champion from the previous year presents the winner with a Green Jacket. 

Back-to-back wins are rare, so you should bear this in mind when looking at US Masters odds. The ongoing subplot is whether Rory McIlroy wins the Masters and completes the Career Grand Slam. His odds for the next Masters could be about +1100.   

Tournament Masters Golf Odds

Sportsbooks offer Masters golf odds on the winner and players to finish in the top 5 or top 10. There is futures betting well ahead of the Masters event, but if a player does not compete, there is still ‘action’. The trade-off is better value in the futures odds than just before the tournament. 

Other tournament Masters golf odds include the winning score and margin of victory. Sportsbooks offer odds on whether there is a playoff and the lowest round of the week. Nationality betting is popular, including the leading player from the United States, United Kingdom, Spain, and Australia. The 2022 Open champion, Cameron Smith, will be prominent in the top Aussie betting.  

Match Masters Golf Odds

Sportsbooks provide a comprehensive daily Masters betting service, featuring the following options:

18-hole match betting

Lowest score in each round

Leader after each round 

You can also bet on whether the first-round leader wins the US Masters. 

Masters Live Betting

Sportsbooks provide live Masters golf odds. Markets are updated in running, and live match data compensates for the absence of live streaming. The cash-out facility allows players to take a profit or limit the loss by closing a bet before expiry. Bets placed before the tournament or earlier during the live coverage are available for cashing out in the US Masters.   

Due to the nature of the course that has par 5s at 13 and 15, there can be dramatic shifts in the scoring and live Masters golf odds over the back nine during the final round. It is not uncommon for players to come from well off the pace to win the tournament, which is a factor when betting at live Masters golf odds.