Make Smarter Masters Bets

Betting on the Masters is a tradition unlike any other. Make smarter wagers on the biggest golf event of the year.

Apr 6, 2023 • 07:29 ET • 3 min read
Scottie Scheffler talks to the crowd while wearing his green jacket during the final round of the Masters Tournament at Augusta National Golf Club.
Photo By - USA TODAY Sports

The 2023 Masters at Augusta National tees off on today!. As Jim Nantz famously said, the Masters is "a tradition unlike any other." And as we like to say, the Masters is a betting tradition unlike any other. We've got your wagers covered from all angles so you can make smarter Masters bets.

  • Dates: April 6 to April 9, 2023
  • Location: Augusta, Georgia
  • Odds favorite: Scottie Scheffler 


One of the great things about this tournament is that you can bet on Masters odds all year. Odds for the 2023 tournament opened last April. With less than two weeks to go, oddsmakers favor Scottie Scheffler and Jon Rahm.

Picks & predictions

Get your pre-tournament picks and predictions for the Masters from Covers. We also make picks for each round of the tournament at Augusta.

Masters props

The prop betting menu for the Masters is the biggest of the entire golf calendar. From betting on whether there will be a hole-in-one to which golfer will finish as the top American, the options for Masters props are seemingly endless.  

Projected cut line

Oddsmakers set the projected cut for his year's Masters between 146.5 (+2.5) and 148 (+4).

Past Masters winners

Year Golfer Score
2023 TBD
2022 Scottie Scheffler 278
2021 Hideki Matsuyama 278
2020 Dustin Johnson 268
2019 Tiger Woods 275
2018 Patrick Reed 273
2017 Sergio Garcia 279
2016 Danny Willett 283
2015 Jordan Spieth 270
2014 Bubba Watson 280
2013 Adam Scott 279
2012 Bubba Watson 278
2011 Charl Schwartzel 274
2010 Phil Mickelson 272
2009 Ángel Cabrera 276
2008 Trevor Immelman 280
2007 Zach Johnson 289
2006 Phil Mickelson 281
2005 Tiger Woods 276
2004 Phil Mickelson 279
2003 Mike Weir 281
2002 Tiger Woods 276
2001 Tiger Woods 272

Augusta National

The Masters is played annually at hallowed Augusta National in Augusta, Ga. One of the most famous courses in the World, Augusta is a 7,768-yard par-72, featuring Ryegrass fairways and Bentgrass greens. 

The private course was established in 1933 and began hosting the Masters the following year. It also began hosting the National Women's Amateur in 2019. 

The payout

For the fourth straight year, the Masters paid out from an $11.5 million purse. The champion, Hideki Matsuyama, took home $2,070,000. Will Zalatoris pocketed $1,242,000 for his runner-up finish.

The coveted Green Jacket

Money isn't the only thing that golfers play for at Augusta. There's also the coveted Masters Green Jacket. This is a tradition that started in 1937 when all Augusta National members wore the jackets at the tournament to make them stand out from the public. It wasn't until 1949 that the winners began receiving the Green Jacket — and the first one was awarded to Sam Snead.

How to bet on golf

If you're betting on the Masters, you'll want to know the basics of how to bet on golf first. The most popular way to bet on golf is by simply picking the winner, which is also referred to as an outright. There are plenty of other ways to wager, however, including top finishes, head-to-head matchups, and plenty of props.

Masters betting sites

You'll find Masters betting options at pretty much every online sportsbook in the world. Most sportsbooks will allow you to bet on the winner of the next Masters tournament for most of the year, with odds changing throughout the year due to current form and injuries. Once the Masters field is set, sportsbooks will open more betting markets. 

If you're looking to place a bet on the Masters, take a look at our recommendations for the best golf betting sites.

Masters Betting FAQs

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