Welcome to our guide on How to Bet on the Masters. With the 2023 Masters tournament right around the corner, many avid golf fans are gearing up for one of the biggest events in the sport.
While it’s always fun to watch the Masters for the sheer spectacle, it’s even better when you have some money on the line. In this guide, we’ll take you through everything you need to know to make informed bets on the Masters, from the 2023 Masters Odds, favorites, and tips to the most popular betting markets.
How to Bet on The Masters: Table of Contents
The 2023 Masters is the first major championship of the season and will take place at Augusta National Golf Club from Thursday, April 6. Augusta National is the only major championship venue that remains consistent, and understanding the course is essential due to its undulating fairways and greens.
Jordan Spieth has an impressive track record at Augusta National, with a victory, two second-place finishes, and two third-place finishes in his nine starts, making him a formidable contender for the upcoming tournament.
Getting Started with Masters Betting
When it comes to Masters betting, there are a few key things to keep in mind. First, the odds for the tournament will be updated frequently as the event approaches, so it’s important to keep an eye on them. Second, there are a wide variety of betting markets available for the Masters, from traditional moneyline bets to more niche options like player props and live betting.
Where to Bet on The Masters Online
There are many reputable online sportsbooks where you can bet on the Masters. Use a Bet99 promo code this Masters Tournament, to lock in a $600 deposit bonus. Another offer to watch out for is the SuperBook promo code, offering a $250 sign-up bonus. Finally, the “King of Sportsbooks” have a $1,000 First Bet offer, click here to sign-up with BetMGM Sportsbook.
2023 Masters Odds
- Jon Rahm 15-2
- Scottie Scheffler 8-1
- Rory McIlroy 17-2
- Cameron Smith 12-1
- Jordan Spieth 15-1
- Justin Thomas 16-1
- Xander Schauffele 18-1
- Tony Finau 20-1
- Will Zalatoris 20-1
- Collin Morikawa 22-1
- Max Homa 22-1
- Patrick Cantlay 22-1
- Dustin Johnson 25-1
- Cameron Young 25-1
- Matthew Fitzpatrick 25-1
- Tom Kim 25-1
- Viktor Hovland 25-1
- Sungjae Im 33-1
- Hideki Matsuyama 33-1
- Brooks Koepka 35-1
- Sam Burns 35-1
- Shane Lowry 35-1
John Rahm is the favorite to win the 2023 Masters at +750, you could net $750 by placing a $100 outright bet on Rahm. Second favorite is Scottie Scheffler at +800, you could net $800 off a $100 wager. Finally, Rory McIlroy is always in contention and 2023 is no different at +850 odds to win.
Despite being a +2200 longshot, Patrick Cantlay has emerged as a strong contender for the title and has a higher chance of winning than his odds suggest. For those seeking a significant payout, he is worth considering as a target for betting.
2023 Masters Predictions
Over the past six months, Jon Rahm, Rory McIlroy, and Scottie Scheffler have been dominating the PGA Tour with their impressive performances. However, it’s worth noting that Tony Finau, a top-five golfer in the world, is currently flying under the radar despite his remarkable abilities on the course.
Since his victory at the Houston Open in November, Finau has consistently showcased his strong form by accumulating a series of top-25 finishes week after week. As such, Finau is a player to watch out for in upcoming tournaments, as he could very well pull off an upset and claim the top spot.
I must highlight that even though Tony Finau hasn’t participated in Augusta National since 2019, his exceptional driving skills offer him a remarkable chance to win this year’s tournament.
Moreover, if his putter game is on point, he could very well pose a significant threat to the other players. It’s important to note that in the past, recent winners like Hideki Matsuyama and Scottie Scheffler struggled at Augusta National before eventually claiming their green jackets. Therefore, I am not overly concerned about Finau’s recent history and believe that he offers excellent value for those looking to place a bet on the tournament.
Outright Winner at The 2023 Masters
Betting on the outright winner at the Masters is one of the most popular ways to bet on the golf tournament. The basic idea behind betting on the outright winner is to pick the player who you believe will win the tournament outright.
To place an outright winner bet on the Masters, you need to select a golfer from the list of competitors and place a wager on them to win the tournament. The odds for each golfer will be listed next to their name, and the odds reflect the likelihood of that player winning the tournament.
For example, if you were to bet on a golfer with odds of +800 to win the Masters, a $100 bet would yield a payout of $900 if that golfer were to win the tournament. On the other hand, if you were to bet on a golfer with odds of +2000 to win the Masters, a $100 bet would yield a payout of $2,100 if that golfer were to win the tournament.
Masters Betting on Top 20, 10, or 5 Finish
Another popular betting market for the Masters is the Top 20, 10, or 5 Finish bet. With this wager, you’re betting on whether a player will finish in the top positions of the tournament.
The odds for this bet will be lower than for a moneyline bet, but it’s a good option if you have a strong hunch about a player’s performance but aren’t quite confident enough to bet on them to win outright.
Matchup Betting at The Masters
Matchup betting in golf is a popular way to bet on the performance of two golfers against each other. In matchup betting, a sportsbook will typically offer a variety of head-to-head matchups between two golfers for a particular tournament.
For example, let’s say that the sportsbook offers a matchup between Rory McIlroy and Jon Rahm for the Masters tournament. The matchup bet would be based on which of the two golfers will perform better in the tournament, and the odds for this type of bet are typically even, with no clear favorite.
In this example, if you bet on Rory McIlroy to win the matchup, you would need him to finish with a better overall score than Jon Rahm. If you bet on Jon Rahm to win the matchup, you would need him to finish with a better overall score than Rory McIlroy.
It’s important to note that the head-to-head matchups can vary, and the sportsbook may offer matchups between any two golfers in the tournament. Additionally, the odds for the matchup bets can change leading up to the tournament based on player performance and other factors.
Player Props at The Masters
Player props are a fun and unique betting market that allows you to bet on specific outcomes for individual players.
For example, you might be able to bet on whether a certain player will hit a hole-in-one during the Masters tournament, or whether they’ll finish with a certain number of birdies. These bets can offer some excellent value if you’re able to identify a player with a particular skill set.
A bet on whether any player will hit a hole-in-one during a tournament. This is a fun and exciting bet that can offer big payouts if you pick the right player.
Over/Under for Total Score at The Masters
A bet on whether a player will finish with a score over or under a specified total for the tournament. This is a popular type of bet for bettors who want to focus on a single player’s performance rather than the entire field.
Betting on the first-round leader in golf is a popular type of golf betting where bettors place bets on which golfer they think will have the lowest score after the first round of play.
When betting on the first-round leader, it’s important to consider several factors such as the golfer’s recent form, course history, and tee time. Golfers who are in good form leading up to the tournament and have a strong record at the course are more likely to perform well on the first day.
Tee time is also a factor to consider as players who tee off earlier in the day may have an advantage over those who tee off later due to weather conditions or course conditions.
A bet on which player from a specific country will finish with the lowest score in a tournament. This type of bet is especially popular for major tournaments like the Masters, where there are many international players competing.
Live Betting The Masters
Live betting is a relatively new addition to sports betting that allows you to place wagers during the event itself. For the Masters, live betting might include options like which player will win the next hole, or whether a certain player will hit their next shot into the rough.
Live betting can be a fun and exciting way to bet on the Masters, but it’s important to remember that the odds will update in real time, so you need to be quick if you want to take advantage of a good opportunity.
Master Betting Tips & 2023 Strategy
If you’re looking to make informed and successful bets on the Masters, there are a few tips to keep in mind. Here are some things to consider before placing your bets:
- Research the course: Augusta National Golf Club is a challenging course, and understanding its unique features and history can give you an edge when placing bets. Look into the course layout, past winners, and recent course changes to gain a better understanding of what it takes to win at the Masters.
- Consider recent form: A golfer’s recent form can be a good indicator of their chances at the Masters. Look at how they’ve performed in the weeks leading up to the tournament, as well as their history at Augusta National, to get a sense of their current form.
- Keep an eye on the weather: Weather conditions can play a big role in how the course plays, and how golfers perform. Check the forecast leading up to the tournament and during each day of play to see how conditions may impact play.
- Look for value: Don’t just bet on the favorites – look for value in the odds. Some long shots may have a better chance of winning than their odds suggest, so do your research and consider taking a chance on an underdog.
- Consider different types of bets: There are many different types of bets you can make on the Masters, from outright winners to head-to-head matchups. Consider which types of bets may offer the most value and be most in line with your betting strategy.
- Bet responsibly: As with any type of gambling, it’s important to bet responsibly. Set a budget for your bets, and stick to it. Don’t chase losses or bet more than you can afford to lose.
How to Bet on The Masters FAQ
When are the 2023 Masters?
The 2023 Masters week will take place from Monday, April 3 to Sunday at Augusta National
What types of bets can I make on the Masters?
There are many different types of bets you can make on the Masters, including outright winner bets, each-way bets, top-five and top-10 finish bets, and head-to-head matchup bets. You can also bet on specific player props, such as whether a player will make a hole-in-one during the tournament.
What does each way mean in golf betting?
An each-way bet is a type of bet that covers both a winning bet and a place bet. For example, if you place a $10 each-way bet on a golfer at 20-1 odds, your total bet would be $20. If the golfer wins, you would win $200 ($10 x 20-1 x 1) for the win bet and $50 ($10 x 20-1 x 1/4) for the place bet. If the golfer finishes in the top five or top 10 (depending on the sportsbook), you would only win the place bet.
How do I bet on the first-round leader?
Betting on the first-round leader is a popular type of golf bet. You can place a bet on which golfer you think will have the lowest score after the first round of the tournament. These bets typically have longer odds than outright winner bets, but they can also be more unpredictable. To make a first-round leader bet, simply select the golfer you think will have the lowest score after the first round and place your bet.
Who is the favorite to win the 2023 Masters?
BetMGM Sportsbook has installed Jon Rahm as the 15/2 favorite for the 87th edition of the Masters, which will be held at Augusta National Golf Club. The defending champion, Scottie Scheffler, is listed as the second favorite with odds of 8/1.