Masters Odds 2022: Rahm Still on Top With Torrey Pines Looming on Schedule

Jon Rahm is still the betting favorite for golf's greatest tournament at +800 heading into Torrey Pines. He's coming off a T14 finish at The American Express. Tiger Woods remains at +5,000. Check out the full Masters odds board below.

Last Updated: Jan 24, 2022 9:00 AM ET Read Time: 5 min
Jon Rahm Masters PGA Tour
Photo By - USA TODAY Sports

The march to the Masters is officially underway. World No. 1 Jon Rahm remains the betting favorite and the top of the board has stayed mostly unchanged. Rahm is heading into familiar territory at Torrey Pines for the 2021 Farmers Insurance Open this weekend. 

As it is every year, the odds board is packed full of young superstars, crafty veterans, and of course...Tiger Woods.

Let's get an early look at the odds to win the 2022 Masters.

2022 Masters odds

Player Opening odds
Jon Rahm +800
Jordan Spieth +1,200
Collin Morikawa +1,200
Dustin Johnson +1,400
Justin Thomas +1,400
Rory McIlroy +1,400
Bryson DeChambeau +1,800
Brooks Koepka +2,000
Xander Schauffele +2,000
Patrick Cantlay +2,200
Hideki Matsuyama +2,500
Viktor Hovland +2,800
Cameron Smith +2,800
Tony Finau +3,000
Patrick Reed +3,300
Louis Oosthuizen +3,300
Webb Simpson +4,000
Will Zalatoris +4,000
Daniel Berger +4,000
Scottie Scheffler +4,000
Sung-Jae Im +4,500
Sam Burns +4,500
Tyrrell Hatton +5,000
Tommy Fleetwood +5,000
Justin Rose +5,000
Tiger Woods +5,000
Matthew Fitzpatrick +5,500
Rickie Fowler +5,500
Joaquin Niemann +6,600
Marc Leishman  +6,600
Corey Connors +6,600
Paul Casey +6,600
Sergio Garcia +6,600
Abraham Ancer  +6,600

Odds courtesy of bet365, as of January 24, 2022. 

Tiger Woods odds to win the 2022 Masters

The top of the 2022 Masters odds board is littered with the usual suspects and stars of today's game, but we have to start by mentioning Tiger Woods, who has somehow made it onto the board at +5,000.

Since his accident early last year, we've speculated upon his potential return - that speculation has ramped up in the last month after a swing video on Twitter, multiple media appearances at the Hero World Challange, and an announcement that he'd make his return at the 2021 PNC Championship with his son Charlie. Whether you believe he can win the Masters again, or that he'll even play in it this year, he'll be sure to see some action from bettors hoping to see him tee it up at Augusta once again. 

At one time, Woods was listed as low as 100/1 but is now hovering in the 50/1 range at most books, but as high as 40/1 in other spots. Keep an eye on this number as we get closer to April, and we learn more about his status and form.

Favorites to win the 2022 Masters

Jon Rahm (+800)

The 2022 Masters favorite at the top of the odds board is Spain's Jon Rahm. He's listed at +800, and for very good reason. He's the OWGR No. 1 ranked golfer in the world and finished T8 or better in every 2021 major, including his first major win at the U.S. Open at Torrey Pines and a T3 finish at The Open. He returns to Torrey Pines this weekend for the Farmers Insurance Open as the march to the Masters continues. Rahm is also coming off a T14 finish at The American Express over the weekend.

Over the last four years at The Masters, Rahm has finished T5, T7, T9, and fourth and he'll be entering this year's Masters in the best form of his career.

Jordan Spieth (+1,200)

Tied for second on the board is a Masters extraordinaire himself, Jordan Spieth at +1,200. After struggling for much of 2019 and 2020, Spieth saw a resurgence come in 2021 with strong finishes across the board, highlighted by a drought-ending win at the Valero Texas Open and a runner-up finish at The Open Championship @ Royal St. George's.

As far as Masters resumes go, there are few more consistent than Spieth's. In his eight years playing at Augusta, he's won once and finished within the Top 3 four other times, including a T3 finish last year. 

Collin Morikawa (+1,200)

Also available at +1,200 is OWGR No. 2 Collin Morikawa, who had himself quite the 2020-21 season, which included two major victories (PGA Championship @ Harding Park and The Open Championship @ Royal St. George's), wins at the WGC Workday Championship @ The Concession and Workday Charity Open, as well as a flurry of other Top-5 and Top-10 finishes. He's consistently been the best iron player in the world and has ridden that to immediate success on Tour. 

Three tied at +1,400

Just below is a trio of PGA Tour superstars available at +1,400: Dustin Johnson, Justin Thomas, and Rory McIlroy. DJ won the November-edition Masters in 2020 with a tournament-record 20-under 268 but clearly lacked his best stuff in 2021, where he missed the cut at the Masters and fell out of the OWGR No. 1 spot. He did go 5-0 at the Ryder Cup and played much better to close the year, so with time to round into form before April, it makes sense he's still this high on the board.

Like DJ, Rory McIlroy and Justin Thomas also had, what they would refer to as down years (Rory won twice, JT won the Players Championship...everything is relative). Both are seeking their first Masters victory with their best results being fourth-place finishes (JT in 2020, Rory in 2015). That said, Rory has been much more consistent, with six Top-10 finishes in his last eight tries at Augusta. 

Go a little further down the board and you have the likes of Bryson DeChambeau (+1,800), Brooks Koepka (+2,000), and Xander Schauffele, who finished T3 last year, at +2,000.

Last year's champion Hideki Matsuyama is on the board at +2,500. Will Zalatoris, the runner-up, is available at +4,000.

Masters betting odds history

Let's take a look at some recent Masters champions and their closing odds to win:

Year Masters Champion Closing Odds
2021 Hideki Matsuyama +5,000
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

Odds via

Masters winners trends

Note that no pre-tournament betting favorite has won the Masters this decade. Schwartzel was the biggest long shot to win when he surprised the golfing world back in 2011. Most recent winners fall in the +1,000 to +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 winners: 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, as did the 29-year-old Matsuyama. 

How to bet on golf

The Masters is the most bet golf event of the year, so naturally, there are many who 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 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 Odds FAQs

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