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.
- Dates: April 11-14, 2024
- Course: Augusta National Golf Club
- Location: Augusta, Georgia
- Length: Par 72, 7,475 yards
- Defending champion: Jon Rahm
- Purse: TBA ($18 million in 2023)
- Where to watch: CBS, ESPN, the Masters app/website
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
- Dates: June 15-18, 2023
- Where: Los Angeles Country Club
- Defending champion: Matthew Fitzpatrick
- Where to watch: NBC, USA Network, Peacock
- Current odds for the US Open
The Open Championship (British Open)
- Dates: July 20-23, 2023
- Where: Royal Liverpool Golf Club near Hoylake, Merseyside, England
- Defending champion: Cameron Smith
- Where to watch: NBC, Golf Channel
- Current odds for The Open Championship
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.
| Year | Winner | Betting Odds | Runner-up |
|---|---|---|---|
| 2023 | Jon Rahm, -12 | +950 | Tie: Phil Mickelson and Brooks Koepka, -8 |
| 2022 | Scottie Scheffler, -10 | +1800 | Rory McIlroy, -7 |
| 2021 | Hideki Matsuyama, -10 | +5000 | Will Zalatorris, -9 |
| 2020 | Dustin Johnson, -20 | +800 | Tie: Sungjae Im and Cameron Smith, -15 |
| 2019 | Tiger Woods, -13 | +1400 | Tie: Dustin Johnson, Brooks Koepka, and Xander Schauffele, -12 |
| 2018 | Patrick Reed, -15 | +4000 | Rickie Fowler, -14 |
| 2017 | Sergio Garcia, -9 (playoff) | +3000 | Justin Rose, -9 |
| 2016 | Danny Willett, -5 | +5000 | Tie: Jordan Spieth and Lee Westwood, -2 |
| 2015 | Jordan Spieth, -18 | +1000 | Tie: Phil Mickelson and Justin Rose, -14 |
| 2014 | Bubba Watson, -8 | +2000 | Tie: 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.
- All previous winners of the Masters
- Last five winners of the US Open
- Last five winners of the British Open
- Last five winners of the PGA Championship
- Last three winners of The Players Championship
- Current Olympic gold medalist (if event took place in the previous year)
- Current US amateur champion and the runner-up
- Current Asia-Pacific amateur champion
- Current British amateur champion
- Current Latin American amateur champion
- Current US mid-amateur champion
- The top 12 finishers from the previous year’s Masters, including ties
- The top four finishers from the previous year’s US Open, including ties
- The top four finishers from the previous year’s British Open, including ties
- The top four finishers from the previous year’s PGA Championship, including ties
- Winners of PGA Tour events awarding at least a full-point allocation for the FedEx Cup
- Qualifiers for the previous year’s season-ending Tour Championship
- The top 50 leaders from the final Official World Golf Ranking of the previous year
- The top 50 leaders from the Official World Golf Ranking during the week prior to the current Masters
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:
- Most wins: Jack Nicklaus, 6
- Oldest winner: Jack Nicklaus, 1986 — 46 years, 82 days
- Youngest winner: Tiger Woods, 1997 — 21 years, 104 days
- Most top 10s: Jack Nicklaus, 22
- Most cuts made: Jack Nicklaus, 37
- Largest winning margin: Tiger Woods, 1997 — 12 strokes
- Lowest cumulative score: Dustin Johnson, 2020 — 268
- Lowest round score: Tie: Nick Price, 63 in 1986, and Greg Norman, 63 in 1996
- Most appearances: Gary Player, 52
- Back-to-back winners: Three — Jack Nicklaus, 1965-66, Nick Faldo, 1989-90, Tiger Woods, 2001-02
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.