The Masters: Best Odds, Latest News And Betting Favorites For The Major Golf Tournament

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The 87th edition of the Masters concluded on April 9 with Jon Rahm as the champion with a score of -12. Brooks Koepka surged into the lead after the second round and still held it after the third round concluded. The battle in the final round was essentially between those two, but Koepka bogeyed four of his first 12 holes. Rahm capitalized with two birdies and one bogey in that same stretch, which ended up being the ultimate difference.

Koepka tied with Phil Mickelson at 8 under par. Mickelson’s third-round score of 75 didn’t make him a legitimate factor on Sunday afternoon. But he still rebounded with a score of 65 in the final round. Jordan Spieth had a similar final-round surge to tie for fourth with Patrick Reed and Russell Henley at 7 under par.

The iconic tournament is a four-day event and one of the biggest highlights of the sports betting calendar. From the opening tee through to the final hole of play, the tournament presents a variety of options for bettors. Here’s what you need to know about betting on the Masters, along with a look at the latest odds. 

2024 Masters odds

At this time, the odds to win the Masters are not available for the 2024 event. Check back soon to see the upcoming odds for the tournament winner.

Learn more about betting on golf.

Masters tournament schedule

Here are the details on the 88th edition of the Masters. 

2023 golf majors schedule

The Masters is one of the four majors on the yearly golf calendar. Here are the details of the other three signature events in 2023: 

PGA Championship

  • Dates: May 18-21, 2023
  • Where: Oak Hill Country Club in Rochester, New York
  • Defending champion: Justin Thomas
  • Where to watch: CBS, ESPN
  • Bet on the PGA Championship

US Open

The Open Championship (British Open)

View the best available odds on golf

Recent Masters winners 

The past decade at the Masters has had some memorable moments. Here are the past 10 winners and runners-up. 

YearWinnerBetting OddsRunner-up
2023Jon Rahm, -12+950Tie: Phil Mickelson and Brooks Koepka, -8
2022Scottie Scheffler, -10+1800Rory McIlroy, -7
2021Hideki Matsuyama, -10+5000Will Zalatorris, -9
2020Dustin Johnson, -20+800Tie: Sungjae Im and Cameron Smith, -15
2019Tiger Woods, -13+1400Tie: Dustin Johnson, Brooks Koepka, and Xander Schauffele, -12
2018Patrick Reed, -15+4000Rickie Fowler, -14
2017Sergio Garcia, -9 (playoff)+3000Justin Rose, -9
2016Danny Willett, -5+5000Tie: Jordan Spieth and Lee Westwood, -2
2015Jordan Spieth, -18+1000Tie: Phil Mickelson and Justin Rose, -14
2014Bubba Watson, -8+2000Tie: Jonas Blixt and Jordan Spieth, -5

How do golfers qualify for the Masters? 

The field size for the Masters is the smallest of the four Golf majors and typically ranges between 90 and 100. Here are the criteria for qualification. 

Masters tournament history

The Masters was established in 1934. Since its inception, the tournament has taken place at the Augusta National Golf Club. Beginning with the 1949 edition, the winner has traditionally received a green jacket.

At the first Masters, the winner’s share of the prize pool was $1,500. In 2022, Scottie Scheffler took home $2.7 million out of a total prize pool of $15 million. Here are some notable facts about the Masters: 

The Masters FAQ

What was the total payout for the 2023 Masters?

The total purse for the 2023 Masters was $18 million as announced by the golf club during the event. Jon Rahm received just over $3.2 million. Both Phil Mickelson and Brooks Koepka tied for second and received just over $1.59 million each.

What are Tiger Woods’ odds to win the 2024 Masters?

Tiger Woods’ odds to win the 2024 Masters are not out yet, nor do we know if he will play in the event.

Who is the favorite to win the 2024 Masters?

Odds for the 2024 Masters aren’t yet available.

Can LIV golfers play at the Masters? 

Yes, players on the LIV Golf tour can play at the Masters if they qualify. The LIV held its inaugural season in 2022 and has attracted several top PGA Tour players. 

What sportsbook apps can I use to bet on the Masters?

The Masters is available for betting at all of the top legal online sportsbooks, including DraftKings, Caesars, BetMGM, BetRivers and FanDuel. 

Who is the biggest underdog at the 2024 Masters?

At this time, we do not know who the biggest underdogs are as sportsbooks have yet to release the odds.