Masters Odds 2024

Posted by Dave Consolazio

With the coronavirus pandemic somewhat under control as it enters its third year, all signs point to the 2022 Masters returning to normal with one big caveat. Phil Mickelson will miss the tournament for the first time in 28 years following controversial statements made that we’ll chop up more below. Have a look at our odds to win the Masters, along with information on Augusta National, some of the best Masters bets to make and where to watch the Masters.

Current Masters Odds

Jon Rahm will likely go into the Masters as the #1 player in the world, and he is atop the Masters odds for this year’s event. Rahm finished in the top 10 of all four majors in 2021, including T5 at Augusta National, and he won the U.S. Open at Torrey Pines.

Rahm is followed in the Masters odds by Collin Morikawa (+1200), who won the British Open last year, and the PGA Championship in 2020. Dustin Johnson (+1200) missed the cut here in 2021, but he won the COVID-19 Masters in November 2020 and he is also a 2016 U.S. Open champion. Jordan Spieth (+1200) won here in 2015, and should have at least one more Green Jacket. Justin Thomas (+1200) has the game to win at Augusta. Then you have Rory McIlroy (+1400), Patrick Cantlay (+1600), Xander Schauffele (+1600) and Brooks Koepka (+1800), among others. The defending champion, Hideki Matsuyama, is here at +2500.

Tiger Woods remains on the Masters field list, but no official announcement regarding his participation has occurred.

Player Masters Odds

Jon Rahm

Collin Morikawa +1200
Dustin Johnson +1200
Jordan Spieth +1200
Justin Thomas +1200
Cameron Smith +1400
Rory McIlroy +1400
Patrick Cantlay +1600
Xander Schauffele +1600
Brooks Koepka +1800
Bryson DeChambeau +2000
Viktor Hovland +2000
Scottie Scheffler +2200
Hideki Matsuyama +2500
Joaquin Niemann +3300
Tiger Woods +3300
Tony Finau +3300
Will Zalatoris +3300

All Masters odds from the Bovada sports betting book.

2022 PGA Majors Betting Favorites

How are the PGA major tournament betting favorites faring at our top-recommended US gambling sites? Where can you find the best value amongst the favorites? We break it down for you here.

For the early 2022 Masters odds, the usual suspects are at the top of the board. Dustin Johnson, Justin Thomas, Jordan Spieth and Jon Rahm are the consensus sports betting favorites to get things started. Speaking of Rahm, he’s the futures favorite to win all four majors at all three sportsbooks online.

PGA Major Tournament Bovada Favorite BetOnline Favorite Favorite
Masters Jon Rahm (+900) Jon Rahm (+1100) Jon Rahm (+700)
PGA Championship Jon Rahm (+1000) Jon Rahm (+1100) Jon Rahm (+1100)
US Open Jon Rahm (+1000) Jon Rahm (+1000) Jon Rahm (+1000)
The Open Jon Rahm (+900) Jon Rahm (+1000) Jon Rahm (+1000)

Masters Bet Types

Green Jacket Guess

Futures betting on the Masters occurs before the tournament begins. You can see the latest 2022 Masters odds at the top of this page. Simply pick which golfer you think will win the Masters and earn the coveted green jacket.

via Moneyline Odds

Once the tournament begins, updated Masters odds will hit the board for an outright winner. These moneyline odds ebb and flow as the tournament plays out in real-time. However, if you have a good feel for a particular golfer after Thursday’s first round, you can hammer the latest outright winner odds.

In-Progress Rounds

One of the most popular Masters tournament bet types is live betting. This allows players to wager on a large slate of odds including “who will win the round?” “which golfer will finish with a lower score?” head-to-head and unique prop bets like “will somebody get a hole-in-one in Round 2?”

Masters Prop Bets

Green icon showing a gold club hitting a golf ball

What Masters Odds Can You Bet On?

There will be various prop bets to wager on for these Masters betting odds. You will be able to bet on the leader for each round, as well as players to finish top-five, top-10 and top-20. There will also be the ability to bet on various groups of players, wagering on who will have the lowest score.

two green bills laid atop one another

When Can I Bet On These Props?

Head-to-head matchups, bogey-free rounds, you can bet on all of these prop wagers and more closer to tee off time on Thursday morning. The first two groups of three will go off the first and 10th tees at 8:00 AM ET.

You can make these bets via mobile sports betting sites as well!

Most Recent Masters Winners

Tiger Woods, Phil Mickelson, The Match 2020

Phil Mickelson won The Masters tournament in 2004, 2006 and 2010. He won’t have a chance at a fourth green jacket in 2022 because he’s withdrew from the tournament stating that he needed “some time away” from the game of golf. Mickelson got himself in some hot water earlier this year after an excerpt from an upcoming biography was leaked. Lefty was eager to support a Saudi Arabia-backed Super Golf League that is looking to siphon off some of the PGA’s biggest names via huge payouts. However, Mickelson was also quoted as saying, “I’m not sure I even want [the SGL] to succeed,” he added, “but just the idea of it is allowing us to get things done with the [PGA] Tour.” So, he’s managed to tick off both Saudi Arabia and PGA in one swoop. It’ll be interesting to see when he returns to the tour, if ever.

Have a look at the last five Masters winners, their Masters odds and what you would have won on a $100 bet.

Hideki Matsuyama (2021)

Matsuyuma has looked like a very good player, but he has not been consistent. However, on the 10th anniversary of winning the Low Amateur at the Masters, Matsuyama put on a ball-striking clinic to win his first Green Jacket, and first major championship. He finished one shot ahead of Masters rookie Will Zalatoris, although Matsuyama was cruising until the second nine.

Nerves definitely got the better of him down the stretch, where he bogeyed three of the last four holes, and Xander Schauffele managed to get within two shots of Matsuyma as the two got the 16th hole, where Schauffele put his tee shot in the water and walked away with a triple bogey. Jordan Spieth and Schauffele finished three shots back, while Jon Rahm and Marc Leishman finished at -6.

Matsuyuma becomes the first Japanese man to win a major championship, which follows countrywoman Tsubasa Kajitani’s win at the Augusta National Women’s Amateur.

Another winner of the week was Augusta National, which bared its teeth and showed that it wasn’t a pushover like it was in November 2020.

Hideki Matsuyama celebrates his Masters win

A $100 bet on Matsuyama would have won you $4,000

Dustin Johnson (2020)

Johnson was one of the favorites on New Year’s Day in 2020 at +1400, but again, the Masters was postponed from April to November due to the COVID-19 pandemic. However, Johnson remained a sports betting favorite at +1000 heading into the tournament. He was hot going into the tournament, with five straight top-six finishes (including a win). It was Johnson’s first Masters win, and second major championship as he ran off to a five-shot win over Cameron Smith and Sungjae Im. Johnson finished with a score of -20, which was a new record.

Dustin Johnson shows off Green Jacket

A $100 bet on Johnson would have won you $1,000.

Tiger Woods (2019)

Woods was rated at +1400 going into the 2019 Masters, finishing T-5 at the WGC-Dell Technologies Match Play prior to that. But Woods’ experience paid off as players around him started making mistakes, and he shot a final-round 70 to win with a -13 score, one shot better than Johnson, Brooks Koepka and Xander Schauffele at the top of a crowded leaderboard. It was Woods’ fifth Masters win, putting him one behind Jack Nicklaus. It was also Woods’ 15th major, leaving him three behind Nicklaus. Woods, of course, will miss the Masters in 2021 because of a terrible car accident.

Patrick Reed congratulates Tiger Woods

A $100 bet on Woods would have won you $1,400.

Patrick Reed (2018)

Reed was a huge golf betting underdog at +4000, but he was confident with three top-10s in a row going into Augusta. But Reed held off the field for a one-shot victory over Rickie Fowler with a score of -15. It was Reed’s first major championship and it was fitting that a player nicknamed “Captain America” for his exploits in international golf, would bring the Green Jacket back to the United States after two international winners in a row.

Sergio Garcia puts the Green Jacket on Patrick Reed

A $100 bet on Reed would have won you $4,000.

Sergio Garcia (2017)

Spain’s Garcia was one of the candidates for “Best Player Never To Win A Major” going into the 2017 Masters, where he was listed at +3000. While he won in Dubai earlier in the year, he had been up and down leading into the tournament. But Garcia finally broke his duck by outlasting England’s Justin Rose as the two finished tied at -9, then Garcia won with a birdie on the first playoff hole. Garcia was the first Spaniard to win here since Jose Maria Olazabal in 1999.

Danny Willett puts the Green Jacket on Sergio Garcia

A $100 bet on Garcia would have won you $3,000.

Danny Willett (2016)

Willett, from England, was a massive +5000 underdog to win at Augusta in 2016. Like Garcia, Willett had been inconsistent heading into the tournament. Also like Garcia, Willett also won in Dubai. But at the Masters, Willett held on for a score of -5, three shots over fellow Englishman Lee Westwood and Spieth, who had a five-shot lead going into the back nine. However, two balls into Rae’s Creek and a quadruple-bogey at No.12 ended that. Willett was the first Englishman to win at Augusta since Nick Faldo in 1996.

Jordan Spieth puts the Green Jacket on Danny Willett

A $100 bet on Willett would have won you $5,000.

Augusta National Golf Club

Venerable Augusta National Golf Club was established in 1933, and the Masters started the next year. It was 6,400 yards back in 1940, but it has since stretched out to 7,475 yards as golf equipment allows players to hit the ball further than ever before. There is a certain aura around Augusta, which is perpetuated by the broadcasts, where fans are called “patrons”, the rough is called “the second cut” and of course, all the references to the foliage on the property, particularly, the azaleas (as you can see below, each hole is named after the foliage on that hole). This par-72 track has ryegrass for the fairways and rough, and bentgrass on the greens.

There are many memorable holes at Augusta National. The first nine (not the front nine, like at other courses) is highlighted by the par-5 second hole. But the second nine is arguably the most famous in all of golf. Amen Corner features a par-4 at No.11 that is 505 yards, then the aforementioned par-3 No.12, which has ended many hopes of winning the Masters. But if you lose a stroke there, you can get it back at the par-5 13th. There is another par-5 at No.15 (both par-5s on the second nine are easily reachable in two for the professionals), and then the par-3 16th, which you will remember from Tiger Woods’ incredible chip back in 2005 and Jack Nicklaus’ fantastic 5-iron in 1986. Finally, the finishing hole, a 465-yard par-4, does not look imposing, unless the player hits a poor drive, then trouble is all around the green.

Something to keep in mind while considering these Masters odds is the condition of the course. In November, the course was playing much easier, not to take anything away from Dustin Johnson’s win. In April, the course will be a lot faster and even if it rains (which it should at some point), the SubAir system at Augusta National makes sure that the course is still an extremely tough test for the best golfers in the world.

Hole Name Yards Par
1 Tea Olive 445 4
2 Pink Dogwood 575 5
3 Flowering Peach 350 4
4 Flowering Crab Apple 240 3
5 Magnolia 495 4
6 Juniper 180 3
7 Pampas 450 4
8 Yellow Jasmine 570 5
9 Carolina Cherry 460 4
10 Camellia 495 4
11 White Dogwood 505 4
12 Golden Bell 155 3
13 Azalea 510 5
14 Chinese Fir 440 4
15 Firethorn 530 5
16 Redbud 170 3
17 Nandina 440 4
18 Holly 465 4

How to Watch the 2022 Masters

a white couch icon

TV Coverage

Live television coverage of the 2022 Masters can be found on ESPN Thursday and Friday from 3 p.m. ET to 7 p.m. ET and on CBS Saturday and Sunday from 3 p.m. ET to 7 p.m. ET and 2 p.m. to 7 p.m., respectively.

a white icon of a hand holding a mobile phone

App Coverage

If you have the mobile app, you can customize your viewing experience with featured groups and on-demand hole coverage for when you’re itching to catch a golfer at Amen Corner.

White icon showing a gold club hitting a golf ball

Live Betting

Don’t forget, whether you’re watching on the couch or on-the-go, the best online sportsbooks allow you to partake in Masters live betting within any given round.

Masters Odds FAQs

Dave Consolazio

Dave Consolazio has been passionate about writing and sports journalism since his high school years. He has a degree in Broadcast Journalism from USC where he worked with the school's radio and television stations. His work has been featured in SportsbookReview, Sports Illustrated and SB Nation. Dave's experience ranges across multiple fields in the gambling industry. You can find his sports, casino, and poker articles in

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