Masters Odds: DJ Wins, Favored to Repeat

Nov 16, 2020 |
By: Covers Staff
Masters Odds: DJ Wins, Favored to Repeat
Dustin Johnson owned Augusta, setting a new Masters record at 20-under to claim his first green jacket and cement his status as the World's best golfer.
Photo By - USA TODAY Sports
Dustin Johnson owned Augusta, setting a new Masters record at 20-under to claim his first green jacket and cement his status as the World's best golfer.
Photo By - USA TODAY Sports

Odds to win the Masters are shifting to next April, with play complete at Augusta National. The prestigious tournament was delayed several months by the ongoing COVID-19 pandemic, leaving a much shorter wait until the 2021 edition.

As the PGA Tour continues on, we bring you updated Masters odds for 2021:   

Golfer Odds to Win the 2021 Masters
Dustin Johnson +800
Bryson DeChambeau +1,000
Jon Rahm +1,200
Rory McIlroy +1,200
Justin Thomas +1,200
Brooks Koepka +1,600
Xander Schauffele +1,800
Patrick Cantlay +3,000
Tiger Woods +3,000
Collin Morikawa +3,000
Patrick Reed +3,000
Hideki Matsuyama +4,000
Tony Finau +4,000
Webb Simpson +4,000
Bubba Watson +4,000
Matthew Wolff +4,000
Sungjae Im +4,000
Jason Day +5,000
Adam Scott +5,000
Viktor Hovland +5,000
Scottie Scheffler +5,000
Daniel Berger +5,000
Tyrell Hatton +5,000
Tommy Fleetwood +5,000
Justin Rose +5,000
Rickie Fowler +6,000
Jordan Spieth +6,000
Cameron Smith +6,000
Cameron Champ +6,000
Louis Oosthuizen +8,000
Matthew Fitzpatrick +8,000
Abraham Ancer +8,000

Odds courtesy of  SuperBook at Westgate.

Who is the Favorite to Win The Masters?

It should come as zero surprise to anyone that Dustin Johnson (+800) is the early favorite to defend his Masters crown. Johnson dominated Augusta, setting a new tournament record (20-under) en route to his first green jacket. 

Johnson is generally just on another level right now, with three wins and three seconds in his past seven events.

The early odds runner-up is Bryson DeChambeau (+1,000), who the golf gods smote for his "par 67" comments. Augusta tamed DeChambeau, as he barely made the cut and finished T34.

Up next is a three-way tie between Jon Rahm, Rory McIlroy, and Justin Thomas, all at +1,200 after strong Augusta showings. 

Thomas had the best 2020 Masters of the trio, finishing fourth at 12-under, and placing himself in the thick of the hunt all weekend. 

McIlroy shot a disastrous 75 in his first round but caught fire on Friday. Rory bogeyed just two holes in the final three rounds, rallying to finish T5 at 11-under, and re-asserting himself among the best in the World.

Rahm spent most of the weekend on the fringe of the leaderboard, seemingly just out of reach. He would finish T7 at 10-under and remains the OWGR's No. 2 golfer. 

 

Tiger Woods' 2021 Masters Odds

Of course, it wouldn’t be Masters betting if we didn’t mention Tiger Woods odds.

Woods had about as roller-coaster a 2020 Masters as possible for someone with his track record at Augusta. He shot 4-under on Friday and looked primed for a title defense, but then stalled himself at just 1-under combined in Rounds 2 and 3. 

Then came Sunday, where Woods had an utter meltdown on the par-3 12th, tallying 10 strokes - his highest ever on a single hole. But Tiger then dug deep and birdied five of the last six holes, ultimately finishing T38.

Masters 2021 odds have him installed at +3,000, among a quartet of golfers tied for eighth. 

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. 2020 winner Dustin Johnson's 18 percent share 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 recommended online sportsbooks.

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