Another wonderful Masters week spent at Augusta National is in the books, with Jon Rahm claiming his first Green Jacket and second major title with a dominant final-round performance.
With the major championship season complete following Brian Harman's domination of Royal Liverpool, 2024 Masters golf odds are already hitting the board — and it's a trio of usual suspects leading the pack.
We break it all down and more in our opening odds update for the 2024 Masters below.
Odds to win the 2024 Masters
| Driver | Odds to win 2024 Masters |
|---|---|
| Jon Rahm | +750 |
| Scottie Scheffler | +800 |
| Rory McIlroy | +900 |
| Jordan Spieth | +1,600 |
| Brooks Koepka | +1,600 |
| Viktor Hovland | +2,000 |
| Patrick Cantlay | +2,000 |
| Xander Schauffele | +2,200 |
| Collin Morikawa | +2,200 |
| Cameron Smith | +2,200 |
| Dustin Johnson | +2,500 |
| Tony Finau | +2,800 |
| Cameron Young | +2,800 |
| Max Homa | +3,500 |
| Justin Thomas | +3,500 |
| Jason Day | +3,500 |
| Will Zalatoris | +3,500 |
| Hideki Matsuyama | +3,500 |
| Rickie Fowler | +3,500 |
Odds courtesy of DraftKings as of Aug. 30, 2023.
Favorites to win the 2023 Masters
Jon Rahm (+750)
So many believed Rahm's game was a great fit for Augusta National and that a win here was inevitable. Win was exactly what he did in 2023 after completing a miniature final-round comeback.
That marks his fourth victory of the 2022-23 PGA Tour season and second career major title (2021 U.S. Open). As such, seeing him atop the board for next year's Masters at a rather short +750 price should come as a shock to no one.
Scottie Scheffler (+800)
Scheffler had the ball-striking needed to contend here in 2023 but his putter wouldn't cooperate and that's what ultimately held him back from defending his 2022 Masters title.
Despite the struggles on the green, the World No. 1 finished T10 and remains Rahm's biggest threat in 2024 until further notice.
Rory McIlroy (+900)
No matter which way you slice it, Rory's week at the 2023 Masters was an incredibly massive disappointment.
He missed the cut by a handful of shots, allowing another opportunity at the major championship grand slam to pass him by. Will 2024 be the year he gets over the hump?
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Masters recent winners and odds history
Let's take a look at some recent Masters champions and their closing odds to win:
| Year | Golfer | Closing odds |
|---|---|---|
| 2023 | Jon Rahm | +900 |
| 2022 | Scottie Scheffler | +1,800 |
| 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 courtesy of SportsOddsHistory.
Masters betting trends
Only one pre-tournament betting favorite or co-favorite has won the Masters since Tiger Woods won in 2005 as a +350 favorite. Schwartzel was the biggest longshot 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), Hideki Matsuyama (29), Scottie Scheffler (25), and Jon Rahm (28) have continued that trend over the last four years.
More major championship odds
| Event | Favorite | Odds |
|---|---|---|
| PGA Championship (2024) | Scottie Scheffler/Jon Rahm | +800 |
| U.S. Open (2024) | Scottie Scheffler/Jon Rahm | +800 |
| The Open Championship (2024) | Rory McIlroy | +800 |
Odds courtesy of bet365 as of Aug. 30, 2023.
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 referred to as an outright. There are plenty of other ways to wager, however, including top finishers, head-to-head matchups, and plenty of props.
Masters Odds FAQs
Jon Rahm currently has the best odds to win the 2024 Masters at +650, with Scottie Scheffler second on the board at +900.
Tiger Woods is currently listed at +6,500 to win the 2024 Masters.
Tiger Woods was +1,200 to win the Masters in 2019, +350 in 2005, +200 in 2002, +150 in 2001, and +800 in 1997.
