Masters Odds – Predictions And Picks At Online Sportsbooks

Masters Odds

For the second time in five months, golf fans again have Masters odds to bet on as the world’s best golfers head to Augusta National. This time, Augusta will feel more familiar than it did in November — fans will be eating pimento cheese sandwiches behind the ropes, the Azaleas will be at full bloom, and Sunday’s final round won’t collide with football. With the March Madness betting coming to an end and the PGA Tour in full swing, golf bettors and PGA DFS players are ready to tee off and make their picks as they prepare for the best four days in golf.

This 2021 Masters betting guide will be a tell-all — we’ll show you how to bet on the big event, preview Augusta National, and analyze the field and Masters golf odds at online sportsbooks. We’ll also show you stats to look for when making your Masters picks, plus you’ll read exclusive golf betting tips and Masters predictions from a couple of our friends and experts from Scores and Odds. And if you’re looking for something to listen to, check out our favorite golf podcasts for Masters Week.

2021 Masters Odds

All Masters odds referenced herein are accurate as of Monday, April 5, 2021 and courtesy of BetMGM unless stated otherwise.

  • Dustin Johnson +900
  • Jordan Spieth +1000
  • Bryson Dechambeau +1100
  • Jon Rahm +1100
  • Justin Thomas +1100
  • Rory McIlroy +1800
  • Xander Schauffele +2000
  • Patrick Cantlay +2200
  • Brooks Koepka +2500
  • Tony Finau +2500
  • Patrick Reed +2800
  • Collin Morikawa +3000
  • Lee Westwood +3000
  • Daniel Berger +3300
  • Viktor Hovland +3300
  • Hideki Matsuyama +4000
  • Webb Simpson +4000
  • Sunjau Im +4000
  • Cam Smith +4000
  • Jason Day +4000
  • Paul Casey +4500
  • Sergio Garcia +4500
  • Bubba Watson +5000
  • Tommy Fleetwood +5000

    Looking for golfers with longer odds? Check out my favorite Masters sleeper picks.

How To Bet On The 2021 Masters Odds

There are a few specific ways to bet on the Masters. You can either place a futures bet on a golfer, which requires the golfer to win outright and involves longer odds (thus larger payouts). Right now this is the only way to bet on the Masters, but next week, once tee times are announced, you’ll be able to bet on tournament matchups, round-by-round matchups, as well as top-5, top-10 and top-20 bets and additional Masters props. If you’re new to golf betting, we cover all of those in our PGA golf betting guide.

Instead, let’s look at what states you can visit and what sportsbooks you can use to bet on the 2021 Masters.

StateSports Betting LegalityRetail / OnlineMarket Launch
New JerseyLegal & LiveRetail & OnlineJun. 2018
West VirginiaLegal & LiveRetail & OnlineAug. 2018
MississippiLegal & LiveRetail, online is available on site at casinosAug. 2018
New MexicoLegal & LiveRetail, only at a few tribal casinosOct. 2018
PennsylvaniaLegal & LiveRetail & OnlineNov. 2018
Rhode IslandLegal & LiveRetail & OnlineNov. 2018
New YorkLegal & LiveRetail & OnlineJuly 2019
IowaLegal & LiveRetail & OnlineAug. 2019
OregonLegal & LiveRetail & OnlineAug. 2019
IndianaLegal & LiveRetail & OnlineSep. 2019
New HampshireLegal & LiveRetail & OnlineDec. 2019
IllinoisLegal & LiveRetail & Online - in-person registration requiredMar. 2020
MichiganLegal & LiveRetail & OnlineMar. 2020
ColoradoLegal & LiveRetail & OnlineMay 2020
TennesseeLegal & LiveOnline Only - TN will not have retail bettingNov. 2020
VirginiaLegal & LiveRetail & Online, though retail has not launchedJan. 2020
MontanaLegal & LiveRetail, online is available on-site at lottery retailers with alcohol licensesMar. 2020
North CarolinaLegal & LiveRetail, only at two tribal casinos. Online coming in 2024.Mar. 2021
ArizonaLegal & LiveRetail & OnlineSep. 2021
WyomingLegal & LiveOnline Only - WY will not have retail bettingSep. 2021
WashingtonLegal & LiveRetail, online is available onsite at tribal casinos in the stateSep. 2021
South DakotaLegal & LiveRetail, only in DeadwoodSep. 2021
ConnecticutLegal & LiveRetail & OnlineOct. 2021
NevadaLegal & LiveRetail & Online, though registration must be done in-personMay 2018
KansasLegal & LiveRetail & OnlineSeptember 2022
MarylandLegal & LiveRetail & OnlineNovember 2022
OhioLegal & LiveRetail & OnlineJanuary 2023
MassachusettsLegal & LiveRetail & OnlineJanuary 2023
MaineLegal, Not LiveRetail & OnlineTBA
KentuckyLegal & LiveRetail & OnlineSep. 2023

State With Online Sports Betting For The 2021 Masters

March was the most bet on month in U.S. sports betting history thanks to the combination of March Madness and the recent launch of mobile betting in states like Illinois, Michigan, Colorado, Tennessee, and Virginia. Similarly, the 2021 Masters will follow along the same path and will undoubtedly be the most bet on major championship ever. Here are the states in which you can legally wager on Masters odds.

Legal Online Sportsbooks Where You Can Bet The Masters

  • Beginner Friendly
  • Trusted name
  • Use Promo Code RG2K
  • Name Your Own Bets
  • Fantastic Mobile App
  • Endless Promotions
  • $500 Risk-Free Bet
  • Backed by FOX Sports
  • NJ, PA, CO and MI
  • Use Code: RGMATCH
  • Exciting Brand
  • Beginner Friendly

2021 Masters Details

  • Where: Augusta, Ga (Augusta National Golf Course)
  • Dates: April 8-11, 2021
  • Field: 88 Golfers
  • Purse: $11,500,000 (2.7M to the Winner)

Augusta National Course Preview

Augusta National is a 7,475-yard par 72, featuring some of the trickiest Bermuda greens golfers will ever putt on. It’s one of the reasons why a first-timer hasn’t won The Masters in over 40 years. In contrast, veteran golfers, even those past their prime, manage to consistently play well at golf’s most exclusive course.

If this is your first time betting on the Masters you might be surprised to hear what kind of score it typically takes to win. Since 2009, eight winners have shot at least -10. Some of the best scores have come during that same span, including a -16 shot by Phil Mickelson in 2010, Jordan Spieth’s -18 in 2015, and an all-time low score of -20 (268 strokes thru four rounds) from Dustin Johnson last fall. Golfers have begun to overpower Augusta, but inclement weather and difficult conditions can stir trouble, as we saw in 2016 when Danny Willet won shooting -5.

Whatever the case, golfers must be able to score on Augusta’s four par-5s, which yield birdies between 32 and 40 percent of the time. The two par 5s on the front-nine stretch 570 and 576 yards, respectively, while shorter par 5s of 510 and 530 yards await on the back-nine, presenting more plausible eagle opportunities.

Since the tournament’s inception in 1934, there have been 82 different winners, 17 of whom have gone on to win multiple times.

Picking A Masters Winner

“There are a million trends that you can look at when betting the Masters, but I will do my best to simplify what I am looking for. Right off the bat, I am crossing off golfers that have never played the Masters. The green jacket hasn’t been won by a first-timer since Fuzzy Zoeller back in 1979. Good form in the calendar year of the event is generally required, so look for golfers that have been in contention at least once or twice over the last couple of months.

While we’ve seen a couple shorter hitters win here in the past, it usually requires bad weather conditions for the Zach Johnson types to contend. You have to be good with your driver, you have to hit your irons well, and you have to take advantage of the four par fives. Early reports are that the course is very firm and very fast, so experience on and around these greens could play a bigger role this year than it did in November. At the very least, hopefully this will help narrow down your list of potential outright bets.” – Derek Farnsworth, AKA, Notorious

50/1 Masters Betting Pick

We all know that he always plays well on ‘his’ courses, and Augusta fits the bill as one of his favorites. The layout of the course suits his shot shaping style perfectly, and form is coming around. He was very good at the Dell Match Play event, coming out of his group in a playoff. While the form has been hit or miss all spring, that is the norm for him, and I’ll side with the recent trends. He has four career top 10 finishes here and is a past champion, so the upside is undeniable. Don’t be surprised if this number moves lower by the time the event tees off.” – Justin Van Zuiden, AKA, stlcardinals84

[Sign up for expert Premium Picks at ScoresAndOdds to see STL’s and Noto’s full Masters betting card and much more!]

Betting On Masters Futures Early

With Masters odds available year around at sportsbooks, one way to find value is to bet on potential contenders weeks or months ahead of the actual tournament. That’s how our own Joe Cistaro was able to lock in a 90-1 ticket on a golfer who is no as low as 30-1.

“Focusing harder on building PGA betting cards in 2021, I learned quickly that getting the best price for players is often more important than strokes gained statistics.  To that end, most online betting sites offer odds throughout the season for the major championships that are too often neglected by the public.  For instance, I started my Masters card a few weeks ago during the nice run Lee Westwood went on through the Arnold Palmer Invitational and the Players Championship.  Westwood was +9000 to win the Masters and feels like a great bargain to have on my card given his current +3000 tag on PointsBet.  

Similarly, Corey Conners was +12500 and currently rests at +9000 to win at Augusta.  That price may change drastically if he performs well at the Valero Texas Open.  After obtaining pretty strong value with the aforementioned golfers, I can start building my card around some shorter odds.

Masters Odds & Player Preview — Betting Favorites

Dustin Johnson +800 – Defending champion, current World No. 1, and fader of desserts. His Champions dinner may be as bland as his personality, but it’s not surprise he’s the betting favorite. As long as there are no pre-tournament shenanigans that derail his title defense, Johnson ought to be in contention come Sunday. The question for you, the bettor, is if you want to bet on odds this short.
Notes: Defending champ, holds the lowest Masters winning score.

Jordan Spieth +1000 – Spieth is back. At least that’s what the oddsmakers have been telling us. This time last week I wasn’t so sure…then Spieth won the Texas Open on Sunday. Now the putting savant flies to Georgia with as much Masters hype as anyone. It wouldn’t surprise me if he receives the most betting action at sportsbooks. He’s already jumped ahead of DeChambeau, Rahm, and Thomas at BetMGM, where they shortened Spieth’s Masters odds from +1200 to +1000 following his win in San Antonio. Let’s rewind just a couple of months ago, though. On Feb. 1, Spieth was 50-1 to win the Masters! Since then, he’s posted four top-5 finishes, had a couple of third-round leads, then finally closed for his first PGA Tour victory in nearly four years.

I can’t deny Spieth’s course history or current form. He thrives on and around these greens and the layout is just forgiving to keep him and his often erratic driver away from trouble. Spieth is a safe pick when it comes to Masters pools. However, I’m not willing to pay this price at sportsbooks nor take on his ownership spike in PGA DFS tourneys. This is an easy fade for me, but for such an easy fade I have a strong feeling I’m going to regret it come Sunday.
Notes: Great course history and recent form.

Bryson DeChambeau +1100 – Unable to turn Augusta into his playground last November, DeChambeau doesn’t have has much pressure surrounding him this week, especially with so much attention shifting toward Spieth. There’s no reason the gym rat shouldn’t be able to take advantage of Augusta off the tee. And the most underrated part of DeChambeau’s game? His putting. It feels like it’s a matter of when not if the big man adds a green jacket to his wardrobe, though deep down I know that’s too confident of a statement. Then again, even Spieth said Augusta is “Bryson’s to lose” ahead of the 2020 Masters. But then again, Bryson finished 34th. Will this time be different?
Notes: Bryson can’t use his green book to putt at The Masters.

Jon Rahm +1200 – The Spaniard has enjoyed this track ever since finishing 27th as an amateur in 2017. 4th, 9th, and 7th place finishes followed his debut. Originally I planned to fade Rahm in golf betting matchups as a way to hedge against my DFS lineups. See, Rahm and his wife were expecting their first child during Masters weekend. If she went into labor on Thursday, Friday or Saturday, Rahm wasn’t sticking around. This likely meant depressed ownership in DFS but an opportunity to short him in betting matchups. Well, his boy came early, letting dad focus on winning his first major championship. Rahm is arguably the best golfer in the world. And who says he can’t have the second-best day of his life in back-to-back weeks? Rahm is my favorite to win the 2021 Masters.
Notes: New dad narrative; also great course history.

Justin Thomas +1200 – Thomas shook off an early-season controversy to win at the Players Championship. It was a nice payday, but money can’t buy a green jacket. JT’s off-the-tee game was in shambles at the WGC-Match Play. Luckily he’s had two weeks to straighten things out. Even if he’s a little off, Augusta is a course where he can afford an errant drive here and there.

Rory McIlroy +1600 – What is wrong with the Irishman? I love Rory but he’s delivering excuses not results. He has missed two of his last four cuts dating back to last February. Then, last month, he failed to make out of his grouping in Austin. All Rory needs is a green jacket to complete the career grand slam. Unfortunately, there’s little reason to believe this is the year he completes the feat.
Notes: Needs green jacket to complete career grand slam.

Xander Schauffele +2000 – This 27-year-old consistently thrives in the biggest of tournaments, the Masters included. Despite his seven Top-10s in major championships, Schauffele is still in search of his first major title. If it weren’t for Tiger in 2019, he might already have one.

Brooks Koepka +2500 – Koepka hasn’t played in over a month, as a lingering knee injury has kept him sidelined. He tee’d off for a practice round on Sunday, but too many questions surround his health and recent for.m. This is a fade for me even if he does tee off.
Notes: Enters with questionable health following March 16 knee surgery, but played a practice round on Sunday.

Parick Cantlay +2200 – Cantlay rebounded from a missed cut in 2018 with 9th and 17th-place finishes, respectively, in 2019 and 2020. He most recently missed the cut at the PLAYERS Championship while entering the tournament as overwhelming chalk. He then failed to get out of his group in Austin at the WGC-Match Play. Don’t let the latter result fool you. Cantlay played great in his first two matches, leading the field in strokes gained on both days. We might get a discount in his ownership in PGA DFS contests, but we haven’t seen much of a discount in his Masters odds.
Notes: Led the WGC-Match Play field in SG:TG during the first two days.

Tony Finau +2500 – Finau’s game was in pristine shape two months ago, but things haven’t looked so great as of late. Augusta suits Finau’s eye, though. In his first two appearances, he finished 10th and 5th. The question for Finau, even when he’s in form, is whether he can close the deal on Sunday. So far he hasn’t proven that he can.

Collin Morikawa +3000 – Morikawa had a remarkable start to his PGA Tour career in spite of his putting woes. The Stanford grad is already one of the best ball strikers on Tour, and he temporarily found his putting stroke on his way to becoming the third-youngest golfer to claim the Wanamaker Trophy. More major titles are in store for the 24-year-old, but with his competitors adding more and more distance, the sacred green jacket may be tough to come by.

The problem is Morikawa only averages 290 yards off the tee, which is fine when the fairways are thin and the rough is penal. That’s not what he’s getting this week. Sure, shorter hitters have found success at Augusta, but unlike Spieth and Zach Johnson, Morikawa isn’t going to keep up with the bombers by consistently rolling in putts. Morikawa changed his putting grip this season but that won’t keep these greens from haunting him in his sleep.
Notes: Putting remains a major concern, especially here.

Patrick Reed +3300 – Reed isn’t the most likable golfer. In fact, he’s the most unlikable golfer. But that doesn’t mean he doesn’t know how to play Augusta. He won the Masters in 2018 and finished T10 in November. As a right-hander, his draw is a great weapon off the tee here. However, somewhat concerning is the fact he’s lost strokes on his approach shots in four of his past six tournaments.
Notes: Former champion, but recent form is concerning.

Viktor Hovland +3300 – Hovland is a great young golfer who has played better than most this season. From December to the end of February, Hovland had four top-five finishes during a span of five tournaments. He did lose strokes on his second shots at both the PLAYERS and Arnold Palmer Invitational. He also struggled in Austin. Even if he was playing well, his short game isn’t yet sharp enough to win a green jacket.

Daniel Berger +3300 – Making his first Masters appearance since 2018, Berger’s game is in shape to contend for a victory. In his first three tries at Augusta, he finished 10th, 27th, and 32nd. He enters this week on the heels of 9th place at the PLAYERS and a win on the west coast. I’m too afraid of golfers like Rahm and DeChambeau to bet on this price but it won’t shock me if Berger is in contention on Sunday.

(Image Credit: Imagn)