Masters Prop Bets 2021: Getting Value in Surging Spieth

Jason Logan
Clock Icon Apr 7, 2021 - 7:39 AM ET

When it comes to betting on golf, sportsbooks pull out all the stops for the Masters. The first major tournament of the PGA Tour season is also its biggest and oddsmakers roll out a long list of Masters prop bets to feed that massive audience and give you multiple ways to wager on the Masters.

With less than 24 hours to go before the 2021 Masters tees off, prop odds are starting to hit the board at online sportsbooks. Here are some of the prop markets currently available, complete with our favorite picks so far. 

Masters Prop Picks

Here are my favorite pre-tournament prop picks: 

  • Cut line: Under 147.5 (+100)
  • Top American: Jordan Spieth (+800)
  • Top Australian: Cameron Smith (+175)

Continue reading for more odds & analysis!


The Masters hole-in-one prop is a simple Yes/No wager: Will someone record a hole-in-one during the tournament? There have been 31 aces in Masters history, most recently Bryson DeChambeau and Justin Thomas recording holes-in-one during the 2019 tournament — with the Yes cashing at odds of -140.

Will there be a hole-in-one?

Result Odds
Yes -150
No +120

Cut line props

Sportsbooks will set cutline props for most of the big-name golfers in the Masters field, allowing you to bet on whether individual players will make the weekend cut after the first two rounds. These Masters props are offered in a Yes/No format with a moneyline price assigned to each option.

You can also bet on what the cut line will be for the 36-round cut after Round 2, with oddsmakers setting an Over/Under on the two-round score. The 2019 Masters had an Over/Under of 147.5 as the projected cut line and finished with an official cut line of 147, meaning the Under hit.

Cut line

Strokes Odds
Over 147.5 -130
Under 147.5 +100

Pick: Under 147.5 (+100)

Augusta National sees repeat success from players year after year. To quote a slogan from a famous Halifax beer (home to Covers HQ), “those who like it, like it a lot.” And those golfers didn’t have to wait long to get back on the famed course, with a mere 144 days between the pandemic-displaced 2020 Masters and the 2021 event.

Last November, with a modified cut (excluded players outside the Top 50 within 10 shots of the lead), the line was 145 (+3). In 2019, the cutline came in at 147 (+4). Those results were on the heels of cutlines of +5, +6, and +6 the three years prior. With Augusta expected to play faster in the spring – compared to last fall – and familiarity at an all-time high, I’m going Under the 147.5 projected cutline for the 2021 Masters. 

Playoff props

The playoff prop is another Yes/No option, allowing you to bet on whether the Masters will be decided in a playoff. A playoff has been needed in 17 of 84 Masters tournaments going back to 1934 with the most recent coming in 2017 when Sergio Garcia beat Justin Rose in the sudden-death format.

Playoff needed to determine the winner

Result Odds
No -500
Yes +300

Playoff featuring three or more players?

Result Odds
Yes +1,200
No -3,300

Course record

You can bet on whether a golfer will break the course record at Augusta National during the Masters with this Yes/No prop. The current course record is a 9-under 63 which is held by Nick Price (Round 3 of the 1986 Masters) and Greg Norman (Round 1 of the 1996 Masters).  

New Course Record of 62 or lower

Result Odds
No -6,600
Yes +1,400

Winning score

Betting on the winning score of the Masters is a very popular prop bet, as it is not tied directly to the success of a particular player. Rather, it is an Over/Under wager in which the oddsmakers set a predicted final score for the Masters champion and you can wager on whether or not the winner will finish Over or Under this final score. The winning score of the 2020 Masters, which was played in November rather than May, was 268 (-20) through four rounds.

Winning 72-hole score

Result Odds
Over 276.5 -250
Under 276.5 +200

Winning margin

Result Odds
Exactly 1 shot +250
Exactly 2 shots +300
Exactly 3 shots +600
4 shots or more +350
Playoff needed +300

Nationality props

The Masters is an international affair with the best golfers from around the globe coming to Augusta National. Nationality props segment players from different countries and regions together and allow you to bet on which one will have the best finish of that group, such as betting on the top American golfer or top European.

Winning nationality

Country Odds
USA -165
Europe +235
Rest of the world +520

Top American

Golfer Odds
Dustin Johnson +650
Bryson DeChambeau +750
Jordan Spieth +800
Justin Thomas +800
Xander Schauffele +1,200
Patrick Cantlay +1,400
Brooks Koepka +1,600
Collin Morikawa +1,800
Patrick Reed +1,800
Daniel Berger +2,000
Tony Finau +2,200

Pick: Jordan Spieth (+800)

If momentum is worth anything, Spieth pulls up to Augusta National like a freight train. He’s fresh off a tournament title at the Valero Texas Open this past weekend and after a rough start to the 2021 campaign, he’s placed fourth or better in four of his last sixth tournament events (with a 15th the Genesis Invitational and 48th at the PLAYERS). He’s playing some of the best golf on Tour right now with 17 of his 24 total rounds since February coming in at 70 or less. 

As for past success at Augusta, Spieth is a former Masters champ (2015) and has finished T2 twice (2014 and 2016) as well as placed third in 2018. The Dallas native fell off that crazy pace in the last two Masters (T21 and T46 in 2019 and 2020) but looks to be rounding into that familiar green jacket form at the right time.

Top Australian

Golfer Odds
Cameron Smith +175
Jason Day +280
Adam Scott +333
Marc Leishman +500
Matt Jones +850

Pick: Cameron Smith (+175)

Smith has had recent success at Augusta National, finishing T2 last November and T5 in 2018. He stayed sub-70 in all four rounds at the 2020 Masters and enters this week with eight Top-25 finishes in his dozen tournament events this PGA Tour season—three coming inside the Top 10.

The Aussie is fantastic on the green and ranks 16th in SG: Putting—a valuable metric on the tricky-quick dancefloors found in Georgia this time of the year. Countrymen Jason Day and Adam Scott aren’t as locked in heading into the 2021 Masters but demand enough respect at Augusta to up the price on Smith to +175. I like the near 2/1 return on the 27-year-old.

Top Canadian

Golfer Odds
Corey Conners -125
Mackenzie Hughes +175
Mike Weir +500

Top Englishman

Golfer Odds
Paul Casey +400
Lee Westwood +425
Matthew Fitzpatrick +500
Tommy Fleetwood +500
Tyrell Hatton +600
Justin Rose +800
Matt Wallace +1,100

Top Spaniard

Golfer Odds
Jon Rahm -278
Sergio Garcia +220
Jose Maria Olazabal +2,500

First-time winner

We often see the same players excel at Augusta National every year, with 48 players winning 84 of the total Masters titles since 1934, and you can bet on whether or not a first-time winner will be crowned champ with this Yes/No prop. Since 2015, five of the past six Green Jacket winners have been first-time Masters champions. 

Will there be a First Time Winner?

Result Odds
Yes -550
No +330

Top debutant

Golfer Odds
Will Zalatoris +125
Robert McIntyre +225
Carlos Ortiz +300
Ty Strafaci +1,400
Joe Long +2,000
Ollie Osborne +3,300

Will anyone record an albatross?

An albatross (or a double eagle) is a score of three-under-par on a single hole (two shots on a Par 5 or hole-in-one on a Par 4). There have only been four albatrosses recorded in Masters history, with the last one coming from Louis Oosthuizen in 2012. Due to this rarity, the Masters' albatross prop pays out at high odds, with Yes set at +1,200 and No at -3,330 in 2020.

Albatross to be registered during The Masters

Result Odds
No -3,300
Yes +1,200

Fun props

Oddsmakers continue to get more and more creative each year with their prop markets. Here are some of our favorites so far in 2021:

Longest Tournament Drive - Bryson DeChambeau

Distance Odds
Over 405.5 -115
Under 404.5 -115

Balls in the water on Hole 12 during Round 4

Result Odds
Over 2.5 -170
Under 2.5 +130

Flagstick to be left in for the winner's final putt?

Result Odds
Yes -450
No -800

Highest 18-hole score

Result Odds
Over 84.5 -120
Under 84.5 -110

Most strokes recorded on any hole

Result Odds
Over 8.5 -175
Under 85 +135

Player to be disqualified?

Result Odds
Yes +750
No -1,400

Masters prop bets explained

All golf tournaments have alternative wagers on the board, but books go big with Masters prop bets every spring. Not only can you wager on the odds to win the Masters and head-to-head matchups but also a laundry list of props and extra offerings.

Tips for betting Masters props

Whether you’re betting on player odds or tournament markets, here are some tips for betting on Masters props.

Current form Current form

When it comes to betting on Masters players props, the first place you should look for info is that player’s current form. Have a good look at their level of play entering the tournament and the different aspects of their game: driving, approach, and putting.

Course history < Course history 

Take a look back at how they’ve performed at Augusta National in past Masters as well as other big major tournaments. Do they step up on the big stage of the Masters or crumble under the pressure of these elite events?

Watch the weather Watch the weather 

Weather can have a huge impact on players and overall tournament performance. Winds, rain, and cold temperatures can make the course play short while warmer weather can dry out the fairways and greens and have it playing fast and long. And don’t just look at that day’s forecast: check the weather heading into Round 1 and throughout the weekend.

Set a narrative Set a narrative 

Figure out how you see the Masters playing out and which players you want to bet on and against during the tournament. From there, set a narrative and bet accordingly. If you expect the course to play long, side with those players who hit big off the tee box and jump on their Over props. If you believe a notable golfer will struggle, go against them not just in matchups but his score props and round-by-round odds.

Instant Replay: Masters prop bets

Betting on props for the Masters can be a fun and profitable way to add to your portfolio of wagers for the tournament.

  • Masters prop bets can focus on individual player performances, specific happenings during the tournament, or the final outcomes of the overall event.
  • The most popular Masters prop bets are Yes/No wagers or Over/Under options, like “Will there be a hole-in-one?” and “Over/Under of the cutline?”.
  • Historic player performance at Augusta National is important to measure as some golfers excel at the Masters every year.
  • Always watch the weather when betting on Masters prop bets.

Masters prop bets FAQs

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