Masters Betting Odds

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No golf major attracts more betting interest than the Masters. Unsurprisingly, when the game’s best golfers tee it up at Augusta National to try and claim the famous Green Jacket, millions of captive eyes are watching every stroke.

The Masters traditionally takes place in neighboring Georgia but obviously generates massive attention among golf fans in Florida. As you might expect, the betting action in Florida is through the roof for the “tradition unlike any other.”

Below find an all-in-one guide for Masters betting in Florida with all the essentials to find your best Masters bets plus current Masters odds as posted at FL online sportsbooks.

Live Masters odds

Masters futures odds are typically posted well in advance and more odds markets are released as tee-off approaches. If you want to get some early Masters bets down, check out the live odds feed below. Use the drop-down menu to toggle between different Masters bets offered by legal Florida sportsbooks. Click on any odds to go to the betting site, claim your top sportsbook bonus and get started.

Guide to Masters golf odds

As soon as the winner of the Masters is decided, the books will release futures odds for the subsequent version of the tournament. Down the road, the odds will constantly fluctuate due to factors like injury reports, hot streaks and the amount of money wagered on each golfer.

Looking at the futures odds chart, the favorites are typically placed on the very top, followed by underdogs and longshots. Most golfers will have positive odds, and the price attached to each bet will represent the amount of money you’d win on a $100 bet.

Here’s an example of how the Masters betting odds for the winner market may be displayed:

  • Dustin Johnson -120
  • Tiger Woods + 150
  • Hideki Matsuyama +400

In this scenario, Dustin Johnson is seen as a prohibitive favorite; hence, his odds have a minus (-) sign in front. It also means that your potential profit will be less than the amount staked. More specifically, you’d have to stake in $120 to win $100.

As the tournament draws near, the sportsbook will add several other golf odds markets to the betting menu. Let’s have a look at the most popular ones:

  • Top finishers: You’re betting on a player to finish within the listed position, usually top 10 or top 20.
  • Head to head: This wager pits a few golfers against one another; you have to pick which one will outperform his rivals and finish with a higher tournament score.
  • Round bets: Bet on which of the golfers will score lowest for a particular round.
  • Group bets: It works the same way as H2H bets, only you have to choose from a pool of 4+ golfers. If your pick has the best score, you win.

Masters prop bets

There’s a wide range of player and tournament props for the Masters. These are exotic wagers that don’t directly impact the outcome but rather concern specific occurrences within the event. Here’s a rundown of some Masters props bets:

  • A hole in one: This is a simple “yes or no” proposition bet on whether someone will hit a hole in one during the tournament.
  • Playoff props: With some books, you can bet on whether the Masters will be decided in a playoff. This occurs when two or more golfers are tied after 72 holes.
  • Nationality bets: Just like it sounds, this wager revolves around the country or region the highest-ranked player is from. For instance, you could take Tiger Woods to be the top American player in the Masters.
  • Lowest tournament round: Expressed in the over/under format, this wager asks you to predict whether the lowest round of a tournament will be over or under the specified line. It’s usually set at around 65.5 strokes.

In-play betting on the Masters

If you’re running late and couldn’t put some cash down on the Masters before it started, there’s no reason to fret. There are still plenty of ways to get in on the action. Once the golfers tee off, the sportsbooks will release a slew of live Masters bets, which will allow you to bet on the tournament while it’s underway.

In-play golf betting has recently exploded in popularity. Betting sites now offer a myriad of options. Before each round, the operators will update their US Masters golf betting odds based on how the event plays out.

Nearly all books will let you bet on the tournament winner, which is the most straightforward bet and can be made at any juncture. Additionally, you can place live bets on particular holes. For example, you can place a wager on whether a player will make a bogey or a birdie on a given hole.

Some online sportsbooks will offer live streaming of the Masters, so you can bet and watch the action unfold simultaneously.

Best Masters odds boosts at Florida sportsbooks

In a bid to attract more bettors and outshine their competitors, sportsbooks serve up all kinds of incentives for golf’s four majors, including the Masters. The two most commonly offered types of online sportsbook bonuses are odds boosts and insurance bets.

Let’s go over some of the Masters promos offered in the past:

  • BetMGM online sportsbook offered 100 to 1 odds for any player to score a birdie in the 2021 Masters. This means that you could have easily bagged a $100 profit from a $1 bet. Pretty neat, right?
  • DraftKings online sportsbook offered 100 to 1 odds for the top 10 finishers to bet on any golfer. There was a catch included, though. The maximum stake for this wager was capped at $1.
  • FanDuel online sportsbook gave 20 to 1 odds for anyone from the Johnson-Spieth-McIlroy trio to make the cut at the 2021 Masters.

Tiger Woods odds to win Masters

Tiger Woods is arguably the greatest player who’s ever picked up a golf club, and some of his most memorable moments have been at the Masters.

In his first Masters as a professional back in 1997, he set or tied 27 tournament records, some of which still stand. These include the lowest 72-hole score, the youngest champion and the widest margin of victory, to name a few.

As of 2021, he competed in 22 Masters Tournaments and recorded five wins, trailing only Jack Nicklaus for the all-time record. His fifth and final trophy came in 2019 in a dramatic fashion as he beat Brooks Koepka, Xander Schauffele and Dustin Johnson by one stroke.

During his illustrious PGA career, the five-time champion has often been sidetracked by injuries. That’s obviously true right now, after his horrific car crash in early 2021. If Woods does ever return to the Masters field, you can assume he’ll be a betting favorite.

7 key stats for betting on the Masters

The Masters is a unique event to bet on. It’s the only golf tournament that’s played on the same course every year. This means you can correlate the previous winners’ stats and draw comparisons when weighing your Masters betting picks.

Here are a few stats and trends to have in mind when deciding who and what to bet on:

  • Only three golfers have won back-to-back tournaments. (Nicklaus in 1965 and 1966; Nick Faldo in 1989 and 1990; Woods in 2001 and 2002.)
  • There have been 33 holes-in-one recorded in the history of the Masters tournament (including two at the 2021 edition).
  • Previous 10 winners were all ranked inside the top 25. (Hideki Matsuyama was the lowest at No. 25 in 2021.)
  • 73% of the Masters tournaments were won by players from the USA. (13% winners were from Europe and 10% from other regions.)
  • 6/10 previous winners led at the end of Round 3. 
  • Only three of the previous 10 winners ranked in the top 10. (Dustin Johnson in 2020 was the first top-ranked player to win the Masters after Woods did in 2002; therefore, you should pay attention to the underdog bracket when betting on the Masters.)
  • Eight of the last 10 winners had a top-three finish in their seven tournaments leading up to the Masters. (This stat emphasizes the importance of recent form.)

Top Florida player to bet on the Masters

Counting Woods, Koepka, Rory, Nicklaus and many others, The Sunshine State is home to many of golf’s legends. None of these icons are actually Florida natives except Brooks Koepka, the four-time Grand Slam winner. Born in West Palm Beach, Koepka made the cut in his previous three appearances at the Augusta National Golf Club, while finishing T11 or better in the last three.

Therefore, if you’re looking for local golfers to bet on at the Masters, Koepka should top the list. As impressive as he’s been, he wasn’t always in the best of moods at Augusta, never having won the event.

If you’re looking for recommendations outside the Florida bracket, Jon Rahm, Dustin Johnson and Jordan Spieth are noteworthy candidates.

If you’re looking to bet on Koepka for the US Open, check our dedicated US Open odds page.

Masters dates, time and location

The Masters is traditionally held in April at the Augusta National Course. Here are the details on next year’s Masters:

  • Dates: April 4-10, 2022
  • Location: Augusta National Golf Course, Georgia
  • Prize pool: $11.5 million in 2021
  • Par: 72
  • Course length: 7,768 yards
  • Previous three winners: Hideki Matsuyama (2021), Dustin Johnson (2020), Tiger Woods (2019)
  • TV and Streaming coverage: ESPN, CBS

Greatest Floridian moments at the Masters

Over the years, we’ve seen plenty of incredible storylines at the Masters from Florida golfers. Let’s take a dive into these great performances:

  • Jonas Blixt and the 2014 Masters: The two-time All-American at Florida State University, Blixt had a successful career. In his debut at Augusta National, he finished tied for second with Jordan Spieth.
  • Brooks Koepka and the 2019 Masters: Koepka, who’s been a Florida boy all his life, was the runner-up to Tiger Woods by one shot in 2019.
  • Hubert Green at the 1978 Masters: Green was the first golfer to be elected in the FSU Hall of Fame, and deservedly so. He won 19 titles on the Tour, including two Slams. His most memorable performance at the Masters was in 1978, when he finished runner-up after missing a short putt on the final hole.

Other PGA events you can bet on in Florida

The golf calendar is packed full of appealing betting events. The four Slams—PGA Championship, the Open Championship, U.S. Open and the Masters—are the most prestigious tournaments. That said, there are plenty of other high-profile fixtures on tap, including the Ryder Cup, AT&T Pebble Beach National Pro-Am and Wells Fargo Championship, among others.

Indeed, our golf betting guide has plenty of information on these events, in addition to the latest odds from Florida sportsbooks.