Last updated on: June 29th, 2022

Legal Masters Betting Guide

The Masters Tournament is the first of the four PGA majors to be played during the PGA season. With that, it is arguably the biggest major of them all. The first-ever Masters Tournament took place in 1934 and has been running for 83 years with each one of them taking place at Augusta National Golf Club. What makes the Masters so important as a golfer is that the winner has a standing invitation to participate for a championship every year after that.

When actually looking to place a bet on the Masters, you have come to the right place to find all of the information needed to do so. Throughout this Masters betting guide, you will come across different factors that come into play such as which are the best legal online sportsbooks to place Masters bets and the promotions that they offer. You’ll even come over the different betting types that are available for the Masters and also what the current odds are to win.

The Masters

Date: April 6 – April 9 2023

Course: Augusta National Golf Club


Favorite: Jon Rahm

Purse: $20 Million

Is It Legal To Bet On The Masters?

USA Players AllowedIn short, yes, it is completely legal to bet on the Masters from wherever you are and whenever you want. It does not matter if you are not in a sports betting state or not when you are using licensed online sportsbooks to place your bets. Licensed online sportsbooks are regulated by governing bodies in other countries. Regardless, sports betting in the United States is federally legal which means you have nothing to worry about when using online sportsbooks.

Sportsbooks With Masters Betting Odds

Finding the best online sportsbook to place your bets on the Masters does not have to be so difficult. There are plenty of reliable online sportsbooks to choose from that offer great PGA betting lines that can be used from anywhere you are. Each of them also has great bonuses for new users looking to sign up.


Bovada Sportsbook

The Best Masters Betting Odds Available

Bovada is arguably, if not already, the leading online sportsbook when it comes to betting the Masters. They offer some of the top Masters odds available that do not just include the futures betting odds. They have different Masters prop bets as well to take advantage of. Aside from the odds though, Bovada is one of the easiest online sportsbooks to use as from the moment you sign up for them until you’re actually placing your bets takes less than 10 min to do. When trying to understand the odds on Bovada, have no worry as they have an interactive betting slip that will let you know your payout for any given dollar amount.

Rating: 5 Star Rating

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BetOnline Sportsbook

Bet On The Masters From Anywhere

BetOnline is known as one of the most reliable, convenient, and popular sportsbooks to use when placing bets on the Masters. What makes betting on the Masters Tournament convenient is that you can use BetOnline from anywhere you may be using their mobile betting platform which is accessible from smartphones with internet access such as iPhone, Samsung, and Android. While they do not offer any downloadable Masters betting apps, all you have to do is log into your account as you would on a normal computer. You can also use many different payment methods to deposit into your account right from your phone.

Rating: 5 Star Rating

  • Reliable Banking Methods
  • Strong Server Connection
  • 10+ Year Track Record
  • Huge Assortment Of Odds
  • No App Mobile Betting

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The Masters

Current 2023 Masters Odds

The 2022 Masters came and went with Scottie Scheffler coming out on top with +1600 opening odds. His odds dropped drastically throughout the tournament as he had +700 going into the second round and +110 going into the third. That came before he eventually won with +200 in the final round. This marks his first major win of his career and he has +1000 odds to win one of the major gold tournaments before the season started. Looking ahead to the 2023 Masters Tournament, Jon Rahm and Justin Thomas have opened up as the co-favorites. Neither of them have ever won the Masters in the past. However, they do have at least one major win to their names in the last five years.

Other Ways To Bet On The Masters

2 Chances: These odds are simple to understand as you are getting the chance to bet on two golfers to win the Masters rather than one, however, the odds for both will not offer the same payout.

Top Nationality: The Masters is filled with players from many different countries and in these odds, you are betting on which player from a specific nationality will have the best score.

Make/Miss Cut: Here, betting sites will give you the name of a golfer and you can bet on if they will make or miss the cut to move on.

Top X Finish: Here there will be futures odds on which golfers will finish inside of the top-5, top-10, etc. These odds continuously shift throughout the tournament.

First Round Leader: These futures odds are just on the first round of the tournament and which golfer will be in the lead by the end of the round.

Head To Head: These odds are in moneyline form and you can bet between two golfers on which one of them will finish the Masters with a better placing.

3-Ball Matchups: These are in the form of futures odds between three golfers that are matched together and which of them will have the better round.

Other Masters Props – (top left, best round over under, hole in one, etc.)

Masters Betting Tips

  • Only 3 golfers have won the Masters in back-to-back years including Jack Nicklaus, Nick Faldo, and Tiger Woods.
  • 73% of American golfers have won the Masters.
  • No winner has won from 6 shots behind or more after the first round.
  • No winner has won from 4 shots behind or more after the second round.
  • No winner has won from 3 shots behind or more after the third round.
  • Only three players have won the Masters in their debut.
  • The highest winning score over the past 10 years was 283 in 2016 by Danny Willet.

Breaking Down Augusta National Golf Course

The Augusta National Golf Course is one of the most prestigious golf courses not just in the entire country, but worldwide. The course first opened way back in 1933 and has been home to the Masters Tournament since its first running in 1934. In total, the course measures 7,426 yards. That includes 3,725 on the front nine and 3,710 on the back nine. There are also a total of five holes that reach over 500 yards including Pink Dogwood (575), Yellow Jasmine (570), White Dogwood (505), Azalea (510), and Firethorn (530).

Masters Betting FAQs

Biggest Longshots To Win The Masters
In the history of the Masters, it should be known that when betting on it, that any given player could win any year. There have been many examples of this in history as there have been four winners that have won with +10000 or more. They are Zac Johnson (+12500) in 2007, Trevor Immelman (+15000) in 2008, Angel Cabrera (+12500) in 2009, and Charl Schwartzel (+10000) in 2011.
Outright Favorite To Win The Masters
On just four separate occasions has the winner of the Masters opened up as the favorite on the betting odds. Fred Couples was the first to do it in 1992 at +500 odds. Tiger Woods has done it on three separate occasions with the first coming in 2001 (+150), 2002 (+200), and 2005 (+350).
How Many Masters Playoffs Have There Been?
The first-ever Masters Tournament took place in 1934. There have been 83 Masters Tournaments in history with 53 different players claiming victory.
How Many Hole In Ones Have Happened At The Masters?
There have been 33 total hole in ones made at the Masters Tournaments. The most recent hole in ones came at the 2021 Masters with two total.
What Is Tiger Woods' Masters Odds?
Tiger Woods currently has +3300 odds to win the 2022 Masters. Overall, Woods has won five Masters Tournaments.