With the dust settled on Rory McIlroy’s back-to-back Green Jacket victory at Augusta National, fans are already turning their attention to the 2027 Masters odds.
Below you’ll find the early Masters odds for the now six-time major champion, plus a look at the other favorites and some Augusta National betting trends to help shape your Masters picks.
2027 Masters odds
For help understanding probabilities, see our odds converter.
| Golfer |  Probability |
|---|---|
| Scottie Scheffler | 14% |
| Rory McIlroy | 8.1% |
| Justin Rose | 5% |
| Sungjae Im | 5% |
| Jon Rahm | 4.4% |
| Ludvig Åberg | 4.4% |
| Cameron Young | 4.2% |
| Jackson Koivun | 4.1% |
| Viktor Hovland | 4% |
| Tom Kim | 3.6% |
| Collin Morikawa | 3% |
| Justin Thomas | 2.9% |
| Xander Schauffele | 2.9% |
| Wyndham Clark | 2.8% |
| Bryson DeChambeau | 2.7% |
| Tommy Fleetwood | 2.7% |
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Masters favorites
Scottie Scheffler
Scottie Scheffler was clearly the best golfer on the course over the weekend at the 2026 Masters (65-68), working his way up the leaderboard to finish second, just one shot behind Rory McIlroy.
He’s back atop the board for 2027 and will be eager to reclaim the Green Jacket after McIlroy’s win in April tied him with two Masters victories apiece.
Rory McIlroy
After squandering a massive 36-hole lead at the 2026 Masters and falling as many as three shots behind on Sunday, Rory McIlroy still held on to become just the fourth golfer to successfully defend his Masters title.
He’ll look to become the first golfer to win three straight Green Jackets when he returns to Augusta National in 2027.
What makes a "favorite" at Augusta?
Previous success matters at Augusta National more than almost any other course, and that's part of the reason you're seeing recent champions Scottie Scheffler and Rory McIlroy atop the board. If you look at the rest of the top choices, almost all of them have either won or come very close in recent years.
Recent form is also critical. Much of the reason for Scheffler’s short odds is that he won two of the last three events of the season en route to a second FedEx Cup title. Many of the top choices also check a lot of the boxes when looking at Augusta National betting trends.
Tiger Woods 2027 Masters odds
 Tiger Woods |
1.6% |
After a car crash and DUI arrest on March 27 derailed what had looked like a potential return to Augusta, Tiger Woods missed the 2026 Masters. Augusta National chairman Fred Ridley confirmed he would not attend, and Woods announced he was stepping away from golf to seek treatment. He also declined the 2027 U.S. Ryder Cup captaincy.
Woods went through rehab, and his driver’s license was suspended for five years, though nothing legally prevents him from playing golf events. He was seen hitting balls again at his Nexus Cup clinic in mid-September, saying he can “hit pretty much anything.” There has been speculation about a return to competition, but nothing has been confirmed. As a five-time champion, he holds a lifetime invitation to the Masters, but his status for the 2027 Masters remains unclear.
Masters betting trends at Augusta National
- Augusta National experience: 11 of the last 13 Masters winners played in 2+ Masters before their win. 10 of the last 13 winners had previously logged a Top-5 finish at the Masters.
- Best of the best: The last 13 winners ranked inside the OWGR Top 25.
- Great form: Nine of the last 13 winners had already logged a tournament win that season.
- Strong start: 12 of the last 13 winners were in the Top 11 after Round 1. The last 13 winners were in the Top 8 after Round 2.
- Ball-striking prowess: The last 14 winners gained at least 18 total strokes tee-to-green in the four events before their Masters win.
- Taking advantage: 15 of the last 17 winners ranked inside the Top 40 in Par-5 scoring the year of their victory.
Only two pre-tournament betting favorites or co-favorites have won the Masters since Tiger Woods won in 2005 as a +350 favorite. Charl Schwartzel was the biggest long shot to win when he surprised the golf world back in 2011. Most recent winners fall in the +1,000 to +3,000 range.
Another trend worth noting is the age of recent winners: Before Woods won in 2019 at age 43, the previous 13 champions were all under 40. That trend has continued since Dustin Johnson's win in 2020.
Masters past winner odds
The Masters has had its fair share of long-shot winners over the years. Zach Johnson (2007), Trevor Immelman (2008), and Angel Cabrera (2009) all had odds of +12500 or longer before pulling off impressive triumphs at Augusta National. It's worth noting that Cabrera was the only one of the three to crack the Top 10 again, finishing seventh in 2011 and second in 2013. Let's take a look at some recent Masters champions and their closing odds to win:
| Year | Golfer | Odds |
|---|---|---|
| 2026 | Rory McIlroy |
+1600 |
| 2025 | Rory McIlroy |
+650 |
| 2024 | Scottie Scheffler |
+375 |
| 2023 |  Jon Rahm |
+900 |
| 2022 | Scottie Scheffler |
+1800 |
| 2021 |  Hideki Matsuyama |
+5000 |
| 2020 |  Dustin Johnson |
+800 |
| 2019 | Tiger Woods |
+1200 |
| 2018 |  Patrick Reed |
+4000 |
| 2017 |  Sergio Garcia |
+3000 |
| 2016 |  Danny Willett |
+5000 |
Closing odds courtesy of SportsOddsHistory.
How to bet on the Masters
The Masters is the most bet golf event of the year, so naturally, many will be placing their first golf bets on the tournament. If that happens to be you, we've got you covered with our beginner's guide to how to bet on golf.
The most popular way to bet on golf is by simply picking the winner, which is referred to as an outright. There are plenty of other ways to wager on most golf betting sites, however, including top finishers, head-to-head matchups, and plenty of props.
Masters odds FAQs
Who has the best odds to win the 2027 Masters?
Scottie Scheffler is the favorite to win the 2027 Masters at 13%. Remember, odds are subject to change, so the favorite can shift as results and news move the market.
How often are 2027 Masters odds updated?
Books can adjust Masters futures at any time, especially after PGA Tour events, major news, or heavy betting action. On this page, the odds shown reflect the timestamp listed in the odds table. If you’re comparing prices, refresh the page and check the book’s current listing.
Do betting favorites usually win the Masters?
Not always. Masters outrights are a deep market, and even elite players win at a low rate in a single-event sample. Historically, many winners come from the short-to-mid range rather than the single shortest favorite. Use favorites as a starting point, then compare price to Augusta fit, current form, and alternative markets like Top 10/Top 20.
What’s the best way to bet the Masters besides outrights?
If you don’t want the volatility of an outright, consider Top 5/Top 10/Top 20 finisher bets or head-to-head matchups, which can better reflect form and course fit. Props can also offer angles without needing the winner.
Did Tiger Woods play in the 2026 Masters?
Augusta National chairman Fred Ridley confirmed Tiger Woods would not be playing in the Masters in 2026.
