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

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The Masters will take place April 11-14 at the Augusta National Golf Club in Georgia. This will be the 88th edition of the iconic tournament, which is one of the top betting attractions of the season. Jon Rahm is the defending champion. He’s also among the current betting favorites to win, along with Scottie Scheffler and Rory McIlroy.

From the opening tee to the final hole of play, the tournament presents a variety of options for bettors. You can choose which golfer you think will win, wager on their finishing positions, focus on various props or group matchups, and much more. Here’s what you need to know about the latest Masters odds

2024 Masters odds

Betting odds on the winner of the 2024 Masters from top online sportsbooks are below. If you see a bet that you want to place, just click on the odds to get started. Sports betting promos are available for new users.

Favorites to win the 2024 Masters

Scheffler, McIlroy, and Rahm are the top three golfers in the Official World Golf Ranking. They’re generally among the betting favorites whenever they are scheduled to tee off, and that applies to the 2024 Masters. Rahm is the defending champion, while Scheffler was the winner in 2021. McIlroy’s best Masters showing was a second-place finish in 2022.

Hovland, last season’s winner of the FedEx Cup, has surged up the Masters odds board. He’s followed by Koepka, who finished in a tie for second at last year’s edition, and Spieth, the 2015 champion. Masters betting odds have evolved since the initial release and will continue to do so as the tournament approaches.

Masters tournament schedule

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

2024 golf majors schedule

At last season’s PGA Championship, Brooks Koepka outpaced the field. Wyndham Clark was the winner at the US Open, and Brian Harman came out on top at the British Open.

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(s)-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 2023, Jon Rahm took home $3.2 million out of a total prize pool of $18 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. 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.

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.