How to Bet on The Masters Tournament

How to Bet on The Masters Tournament

betJACK Training Camp
2 years ago
8 min read
Hideki Matsuyama celebrates his 2021 win at the Masters at Augusta National.

One of the most eagerly anticipated events in the global sporting calendar is The Masters, the golf spectacular played at Augusta National in Georgia every April. 

With so many incredible moments over the years, The Masters consistently delivers exquisite golf in pristine conditions. 

If you’re a golf fan, it’s time to get your Masters betting slip ready for the start of the 2022 event. 

To help you build your bets, we’ve put together this comprehensive guide on how to bet on the Masters tournament and provide you with some of our top tips on how to win money this spring. 

What is the Masters?

The Masters is arguably the most prestigious tournament in all of golf. Always played as the first major of the season at the pristine Augusta National Golf Club in Georgia, the winner is presented with a coveted green jacket and lifetime membership of the exclusive club. The first players will tee off on the morning of April 7, 2022, so it’s time to get your bet slip in order. 


Betting on Golf - The Basics

Just like betting on any sport, betting on golf presents you with a range of options. The standard bet is to pick the winner of an upcoming tournament like The Masters. This is a great way to back an in-form player as you watch the action unfold. As well as tournament winner, you can also place the following golf bets: 

Prop bets: Will a player shoot under or over par? Will anyone shoot a bogey-free round?

Head-to-head bets: Do you think Rahm scores better than Matsuyama, his playing partner on the first day? 

Live betting: When the action is underway, do you have a good feeling about a player going under par for the day? 

Futures: Which player will win the FedEx? Who will finish the season with the most tournament or major wins? 

Golf is a unique sport as it’s all about the individual. For this reason, prop bets are so popular in golf as they keep things interesting throughout a tournament. That being said, you can build your golfing bet slip in any way. 

But now that you’re aware of the basics, it’s time to take a deep dive into betting on The Masters, so you can add an extra dimension to the highest-profile golf tournament on the calendar. 


Different types of betting on The Masters Tournament

The Masters offers an excellent opportunity to build unique and exciting bets. There are so many variables in golf, and the challenge of Augusta National is simply unmatched in the sport. 

In other words, there’s a reason that the tournament is called The Masters - it’s designed to put the very best to the ultimate test. Let’s take a look at the different bets you can place on this year’s tournament: 

The Green Jacket (The Winner)

There’s something beautiful about last year’s winner dressing this year’s champion in the coveted green jacket at the post-round presentation. But who will Hideki Matsuyama present the green jacket to this year? 

The good news is you can back your favorite, and you will see the odds listed in the following way: 

John Rahm (+750)

Colin Morikawa (+1200)

Jordan Spieth (+1200)

Dustin Johnson (+1400)

Rory McIlroy (+1400)

World number one John Rahm is the favorite for this year’s Masters, with odds of +750. Therefore, if you like Rahm to win, a $100 bet would return $750. The entire field is represented at the start of the tournament, so you can back whoever you like. 

Remember that the higher the number next to the player’s name, the less likely they will win the tournament! After all, backing the German veteran Bernhard Langer at +100,000 probably isn’t the best move. 

Prop bets: Will a player shoot under or over par? Will anyone shoot a bogey-free round?

Prop bets are a fantastic way to build value when you’re betting on The Masters, and they also keep things exciting right the way through the tournament. There are so many prop bets for you to consider, including: 

Hole in one: There have only been 33 Masters aces in the tournament’s history, but there were 2 in 2021. If you think a player will card the ultimate eagle, put your money where your mouth is! 

The number of birdies/bogies/eagles: Instead of worrying about how a golfer will score overall at Augusta, you can predict the number of birdies, bogies, or eagles he will card in his round. 

Amen Corner: The nickname given to holes 11 through 13 at Augusta, Amen Corner is the toughest part of the course. Some sportsbooks run Amen Corner specials so you can bet on how you think your favorite players will get on when playing this perilous section of the course. 

In the lead-up to the start of the tournament, spend some time familiarizing yourself with the different prop bets you can place. They’re a great way to add value to your betting slip and provide you with an excellent opportunity to end the tournament with a profit.


Instead of backing a player against the entire field, you can select two players to go up against each other in your very own head to head. So, if you want to add even more spice to the Koepka vs DeChambeau rivalry, why not pick one to outscore the other in this year’s tournament?  

Head-to-heads are great because it doesn’t matter if your chosen players are in contention with the rest of the field. The only thing that’s important is their score against the opponent you’ve paired them with, at least where your bet slip is concerned. 

Most sportsbooks offer you the chance to pair whichever golfers you choose, making it an excellent option if you want to keep tabs on several players throughout the tournament. 

Live betting: When the action is underway, do you have a good feeling about a player going under par for the day?

Another excellent way to boost your chances of winning your Masters bets is by placing live wagers as the tournament progresses. There are multiple live betting markets for you to choose from, including: 

Round Leader: The player with the highest score at the end of a specific round will be deemed the winner of that round. 

Tournament winner: If an underdog has made a great start or a favorite has started over par, their odds of winning the tournament will change. This can be a great way to find value. 

Individual hole results: You can bet on who you think will win a certain hole, choosing one of the two or three playing partners that you’re following. 

Score results: Before a player tees off on a particular hole at Augusta, you can wager if you think they will make a birdie, par, or bogey. Depending on course conditions, the sportsbook sets the line, and you can wager what you think will happen. 

It’s a good idea to keep some cash in your sports betting account so you can place your live bets as the tournament unfolds!  

Masters tournament betting tips

Now that you understand the various ways that you can bet on the Masters, it’s now time to look at Masters betting tips. After all, you can employ lots of helpful strategies to hopefully return a decent amount of profit this spring. 

Who won the Par 3 tournament?

Famously, every Wednesday before the main tournament gets underway, Augusta hosts a par-three tournament. But here’s the thing - the winner of the par-three tournament has never won the main event! While it might happen one day, it’s worth picking the tournament winner after the par-three has finished. 

Augusta is all about the par fives

Scoring opportunities at Augusta are few and far between, which is why it’s important for players to take advantage of the par fives. The Masters sees lots of eagles on the par fives, and most players look to score well on the longer holes. This then allows them to navigate the shorter holes in Amen corner without taking a great deal of risk. Consider this scoring strategy when looking at prop bets. 

Back experienced players

One of the most magical things about golf is that practically anyone can sit atop the leaderboard in most tournaments. The Masters at Augusta National is the exception. The last time a first-timer won at Augusta was Fuzzy Zoeller’s triumph in 1979. So, even if you think a hotshot newbie will secure his first green jacket, it’s unlikely to happen.

Do your research

The Masters is a tournament like no other, but you can still do your research to increase your chances of winning your bets. For instance, in the past ten years at Augusta, the bookmakers’ favorite has not gone on to win the tournament. Also, the last player to win back-to-back green jackets at Augusta was Tiger Woods in 2001-2002, showing just how difficult a feat it is to win twice on the bounce. Arming yourself with statistics will help you avoid bets that are unlikely to come off.

Final thoughts

The Masters isn’t only the most prestigious tournament in golf; it’s also one of the most incredible events in the sporting world. As the finest golfers in the world take to Augusta this April, make sure you’ve done your research and have your bet slip ready. 

BetJACK’s Training Camp will feature a limited-time Hall of Fame Trophy, which can be achieved by winning a golf bet to finish in the Top 5 of The Masters. So, with the clock ticking, it’s time to pick your 2022 Masters Champion.

Betting on The Masters FAQs

Is betting on The Masters profitable?

You can undoubtedly make a profit betting on The Masters if you employ a sensible strategy. Doing your research and understanding the unique challenge that Augusta National presents is a good place to start. It’s also a good idea to experiment with different betting types, as simply picking a tournament winner is unlikely to be enough to turn a decent profit.

Who is the favorite for the 2022 Masters?

World number one John Rahm is currently the favorite with most sportsbooks to win The 2022 Masters. But as mentioned, the favorite hasn’t won the last ten tournaments, highlighting the need to look a little further down the field for the champion! 

When was the last time an American won The Masters?

Dustin Johnson was the last American to win The Masters, shooting 268 to claim the green jacket in 2021. He was preceded by Patrick Reed in 2018 and Tiger in 2019, who came from absolutely nowhere to win one of the most memorable Masters titles in history. Will 2022 be another year for the Americans?

Be sure to follow betJACK on Twitter for all of the latest in Ohio Sports Betting news and more!

Share article on: