Masters Odds: Track the Favorites to Win at Augusta in 2024

• The first major of the PGA season, The Masters, tees off on April 11 and odds have been available since last year
• Scottie Scheffler, John Rahm & Rory McIlroy are the early favorites to win the 2024 Masters Tournament
• See the latest 2024 Masters odds for all favorites and notable players in the field

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There’s no tradition quite the same as ushering in spring with the first major golf tournament of the year, The Masters at Augusta National.

After each PGA Tour event leading up to the start of the tournament on April 11th, we update the Masters odds to reflect their current state ahead of the tournament on the second weekend in April.

Check back frequently for the latest odds to win the 2024 Masters on this page.

2024 Masters Favorites & Top Contenders

John Rahm initially opened as the favorite to win the 2024 Masters after winning the tournament last year, but Scottie Scheffler, the 2022 Masters winner, has now overtaken Rahm as the favorite.

• [March 19, 2024] After winning the Players Championship, Scottie Scheffler has moved all the way to +450 to win the 2024 Masters
• [January 19, 2024] Scottie Scheffler has become the new favorite to win the Masters, overtaking Jon Rahm
• [April 10, 2023] After winning his first Green Jacket, Jon Rahm has also opened as the favorite to win the 2024 Masters

2024 Masters Odds

Scottie Scheffler is currently the favorite to win the 2024 Masters. Scheffler is given +450 odds to win the tournament, which means sportsbooks are giving him an 18.18% chance to win his second Green Jacket – he won his first in 2022. If you were to place a $20 bet on Scheffler to win, you would stand to win $90 and return $110.

Rory McIlroy and John Rahm, last year’s Masters champion, have the next best odds to win in 2024. McIlroy has +1000 odds, while Rahm has +1100 odds to win this year’s Masters.

Odds as of March 19. at DraftKings Sportsbook. If you’re not currently betting at DraftKings, be sure to claim the best DraftKings promo code to start betting on golf at their sportsbook.

Masters Pre-Tournament Odds

There’s two types of odds in golf that players can wager in, including pre-tournament odds and live odds during the tournament. Specifically, Pre-Tournament Masters odds can provide great value to bettors on the eventual winner if they place a bet before competition begins.

Take previous champion Hideki Matsuyama’s winning round as an example. His 2021 Masters odds were as long as +4500 before competition began, and shortened to +1900 by Saturday before going in to the final round as a -118 favorite.

By betting on Masters Pre-Tournament odds, you’ll get more bang for your buck as a bettor rather than waiting and seeing who plays well during the opening two rounds of competition.

Live Betting at the Masters

Conversely, if your pre-Masters bets fail to make the cut or aren’t playing well, there’s plenty of success that can be had live betting at the Masters.

While the odds are constantly shifting during play, at the conclusion of each round is a perfect time to look up different stats and betting trends to make smart, in-play Masters bets.

Checking on the live leaderboard for score, data such as strokes gained in driving, approach and putting are also usual harbingers of success at Augusta National. Live betting a player who’s poised to get up the leaderboard on Saturday or Sunday early in the Tournament can lead to a big payoff for bettors.

Masters Betting: Best Golf Betting Promos

While there’s plenty of bets to make in traditional Masters odds, as well as Masters props – many sportsbooks offer special sports betting promos for the Masters.

These can include odds boosts on some of the top players to win the Masters, special props with enhanced odds for expected outcomes like top 10 players to make the cut, as well as other offers come Masters week.

See some of the best Masters promo from the top online sportsbooks below:

• BetMGM Sportsbook promo code
• FanDuel Sportsbook promo code
• DraftKings Sportsbook promo code
• Caesars Sportsbook promo code

Masters Betting Strategy

When betting on the Masters, your strategy shouldn’t stray too far from the norm of how to bet on golf.

Course history and past performance does tend to come in to play more at Augusta National than other majors and tournaments, as institutional knowledge is paramount to success at the Masters.

Knowing that, it can be beneficial to bet on former champions and players that have a history of success in the Masters to either win outright, finish within the top five, ten or 20 or even something as simple as making the cut.

Another one of the Masters betting trends to note is that it is near impossible to win the event in back-to-back years as it’s only been accomplished three times: Jack Nicklaus in 1965-66, Nick Faldo in 1989-90 and Tiger Woods in 2001-02.

OWGR Top Ranked Golfers

While most of the top players in the Official World Golf ranking also dot the top of the 2024 Masters odds, there are some discrepancies.

The OWGR formula is complex, and can lead to certain players being within the top ten or fifteen in the rankings – but outside even the top 20 in Masters odds as well as the odds for other golf majors.

Past Masters Winners Odds

One of the great Masters traditions is allowing all past champions to compete, regardless of age and current skill level. Because of that, you’ll see some of these former champions who are in their 50s and 60s listed at odds of 100-1 or longer.

Masters Winner by Year: Past 10

After winning the Masters last year, Rahm did open as the favorite for the 2024 Masters. Though he is no longer the favorite, he is still among the top three contenders.

Masters Tournament FAQs

What are the current odds for the Masters tournament?

Scottie Scheffler is given +800 odds to win The Masters, with Jon Rahm and Rory McIlroy given +850 odds to round out the top three contenders.

Who is the favorite to win the Masters?

Scottie Scheffler is currently the favorite to win the 2024 Masters.

Can I bet on multiple golfers to win the Masters?

Yes, bettors can wager on as many golfers as they like.

What is the difference between pre-tournament odds and in-play odds?

The pre-tournament odds are only available before the first golfer tees off on Thursday morning. Typically, there is a little less juice on pre-tournament futures than in-play odds, but these days the difference is negligible. Some sportsbooks will open new types of wagers once the tournament begins, such as odds to birdie/par/bogey the next hole.

How do I place a bet on the Masters?

The first thing you need to do is register at an online sportsbook that is legal in your region. Then all you need to do is navigate to the golf section of your preferred site and the Masters odds will be front and center. Click on the odds associated with the golfer you want to bet, which will load that wager into your bet slip. From the bet slip, confirm the amount you wish to risk and then lock in your bet.

Can I bet on things other than the outright winner, such as top-5 finish or head-to-head matchups?

Absolutely. The list of Masters props seems to grow each and every year. Top-three finish, top-five, top-ten, make the cut, miss the cut, first-round leader: these are just a handful of the wager types that bettors can make on the 2024 Masters.

Are there any special promotions or bonuses for betting on the Masters?

Yes, every major sports betting app offers enticing signup bonuses for new users, and each will also offer some odds boosts or bonuses for all-users when the 2024 Masters come around.

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Archived Masters Odds: 2023, 2022, 2021, 2020, 2019, 2018