The 2021 Masters odds are taking shape as we inch closer to golf's marquee event at Augusta National. As the PGA Tour continues on, we look ahead to the odds to win the Masters, which begin in early April.
The prestigious tournament was delayed for several months in 2020, making it a much quicker turnaround for this year's competition, including defending champion Dustin Johnson who remains one of the favorites to win the Masters.
Let's take a look at the Masters odds for the top contenders with our updated golf betting odds for the big event.
Favorites to win the Masters
It should come as no surprise to anyone that Johnson (+600) is the current favorite to defend his Masters crown. Johnson, the No.1 ranked golfer on the PGA circuit, dominated Augusta in 2020, setting a new tournament record (20-under) en route to his first green jacket.
The early odds runner-up is John Rahm (+900), who finished T7 at last year's Masters and remains the OWGR's No. 2 golfer.
Up next is Rory McIlroy (+1,000), who shot a disastrous 75 in his first round at last year's Masters before catching fire. He bogeyed just two holes in the final three rounds, rallying to finish T5 at 11-under, and re-asserting himself among the best.
Brooks Koepka is fourth on the odds board at +1,100, while Bryson DeChambeau and Justin Thomas are tied for fifth at +1,400. Thomas had the best 2020 Masters of the trio, finishing fourth at 12-under, and was in the hunt all weekend.
Masters odds
| Golfer | Odds to win 2021 Masters (as of March 1) |
|---|---|
| Dustin Johnson | +600 |
| Jon Rahm | +900 |
| Rory McIlroy | +1,000 |
| Brooks Koepka | +1,100 |
| Bryson DeChambeau | +1,400 |
| Justin Thomas | +1,400 |
| Xander Schauffele | +1,600 |
| Jordan Spieth | +1,600 |
| Patrick Cantlay | +2,200 |
| Patrick Reed | +2,500 |
| Collin Morikawa | +2,500 |
| Tyrrell Hatton | +2,800 |
| Tony Finau | +3,000 |
| Daniel Berger | +3,300 |
| Viktor Hovland | +3,300 |
| Hideki Matsuyama | +4,000 |
| Harris English | +4,000 |
| Paul Casey | +4,000 |
| Sungjae Im | +4,000 |
| Webb Simpson | +4,000 |
| Cameron Smith | +4,000 |
| Scottie Scheffler | +4,500 |
| Bubba Watson | +5,000 |
| Louis Oosthuizen | +5,000 |
| Tommy Fleetwood | +5,500 |
| Justin Rose | +5,500 |
| Adam Scott | +5,500 |
| Jason Day | +5,500 |
| Matthew Wolff | +5,500 |
| Sergio Garcia | +5,500 |
| Joaquin Niemann | +6,000 |
| Matthew Fitzpatrick | +6,000 |
| Francesco Molinari | +6,600 |
| Max Homa | +6,600 |
| Will Zalatoris | +7,000 |
| Cameron Champ | +8,000 |
| Marc Leishman | +8,000 |
| Abraham Ancer | +8,000 |
| Rickie Fowler | +9,000 |
| Phil Mickelson | +10,000 |
| Si Woo Kim | +10,000 |
| Jason Kokrak | +10,000 |
Odds courtesy of bet365.
Tiger Woods' 2021 Masters odds
Of course, it wouldn't be Masters betting if we didn't mention the five-time champion at Augusta, Tiger Woods.
Woods was +5,000 in 2021 Masters odds, but he was pulled from the odds board following his car crash on February 23.
Masters betting history
Let's take a look at some recent Masters champions and their closing odds to win (via sportsoddshistory.com):
| Year | Masters Champion | Closing Odds |
|---|---|---|
| 2020 | Dustin Johnson | +800 |
| 2019 | Tiger Woods | +1,200 |
| 2018 | Patrick Reed | +4,000 |
| 2017 | Sergio Garcia | +3,000 |
| 2016 | Danny Willett | +5,000 |
| 2015 | Jordan Spieth | +1,000 |
| 2014 | Bubba Watson | +2,000 |
| 2013 | Adam Scott | +2,500 |
| 2012 | Bubba Watson | +3,000 |
| 2011 | Charl Schwartzel | +10,000 |
| 2010 | Phil Mickelson | +1,000 |
| 2009 | Angel Cabrera | +12,500 |
| 2008 | Trevor Immelman | +15,000 |
| 2007 | Zach Johnson | +12,500 |
| 2006 | Phil Mickelson | +800 |
| 2005 | Tiger Woods | +350 |
| 2004 | Phil Mickelson | +1,200 |
| 2003 | Mike Weir | +3,000 |
| 2002 | Tiger Woods | +200 |
| 2001 | Tiger Woods | +150 |
| 2000 | Vijay Singh | +1,800 |
Masters betting trends
Note that no pre-tournament betting favorite has won the Masters this decade. Schwartzel was the biggest longshot to win when he surprised the golfing world back in 2011. Most recent winners fall in the +1,000 - +3,000 range.
There also hasn't been a repeat champion at the Masters since Tiger Woods won back-to-back tournaments in 2001 and 2002. Only three golfers since 2000 have won the event twice in three years (or less): Woods, Bubba Watson (2012 and 2014), and Phil Mickelson (2004 and 2006).
Another trend worth noting is the age of recent Masters winner: before Woods won in 2019 at age 43, the previous 13 winners had all been under the age of 40 at the time they won. Dustin Johnson (36) continued that trend in 2020.
Where will the 2021 Masters be played?
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.
What is the Masters Payout in 2021?
Based on 2020's payout, which was unaltered from 2019, the Masters purse will be set at $11.5 million. Johnson's 18 percent share last year amounted to $2 million.
How to bet on golf
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. Some of the more popular markets include head-to-head betting, where sportsbooks pair up two golfers and you simply choose who you think will have the lower score over the course of the weekend or for one round only. Similarly, there are also 3-way betting markets (choose the best golfer among three choices) and group betting (choose the best golfer amongst a group of players).
Other ways to wager include Top-5/Top-10/Top-20 finish, top golfer by nationality, to make the cut/to not make the cut, and the leader after each round. Then, of course, there's the popular prop bet of whether or not there will be a hole in one at the tournament.
Where can I bet on the Masters?
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 best sportsbooks available.
