Tiger Woods' Odds to Win the Masters 2023: Tiger Makes Cut, Will Play Final Two Rounds

Tiger Woods cut it close, surviving to participate in the final two rounds of the 2023 Masters after the cut line moved from +2 to +3. Winning his sixth Green Jacket is unlikely, but check out the remaining Tiger Woods odds for how he'll finish at Augusta.

Apr 9, 2023 • 09:21 ET • 4 min read
Tiger Woods Masters Tournament
Photo By - USA TODAY Sports

Tiger Woods entered Saturday at the 2023 Masters needing to finish his second round, where he was sitting at 2-over for the tournament, which was just inside the Masters projected cut line of +2.

He finished +1 for over the final seven holes... but luckily the cut also moved to +3 — so we will still have Masters odds for Tiger for the remainder of the tournament.

The weather was quite messy again on Saturday, halting all action at around 3:30 p.m. ET, so Tiger got just seven holes completed in his third round. However, Sunday is looking very nice, so Woods should be getting plenty of golf in to finish both Round 3 and Round 4 — and we've got you updated on where his current golf odds and Masters props stand.

Latest Tiger Woods 2023 Masters odds

Betting market Odds
To win +500,000
Top 5 finish +50,000
Top 10 finish +37,500
Top 20 finish +22,500

Odds courtesy of Caesars as of April 8, 2023, at 3:28 p.m. ET.

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Tiger Woods pre-tournament 2023 Masters odds

Betting market Odds
To win outright +6,600
To finish in the Top 5 +1,100
To finish in the Top 10 +450
To finish in the Top 20 +175
To lead after Round 1 +3,500
Top 5 after Round 1 +1,000
Top 10 after Round 1 +450
Top 20 after Round 1 +190
To miss the cut +162
To make the cut -225
Top American +2,800

Odds courtesy of bet365 as of April 5, 2023.

Tiger Woods pre-tournament best bet

The now 47-year-old Tiger Woods is arguably the greatest player to walk the grounds at Augusta National. And even though the five-time Masters champion’s most recent win was just in 2019, even that improbable victory seems like it was a lifetime ago.

At this time last year, Woods was just 14 months removed from a terrible car crash that nearly cost him his left leg, which left many wondering if he would ever play competitive golf again. Then he surprised everyone by playing in the tournament.

Somehow, Woods was able to shoot a 71-74 to make the cut. He finished 47th last year, and while publicly he’ll say that he’s always trying to win, making the cut was nothing short of remarkable. Heck, even his 47th-place finish isn’t something to sneer at considering he was basically playing on one leg.

That’s how well he knows this course. No one knows how to attack Augusta National better than Woods. He knows which shot is needed in every situation. And we know that Augusta is acknowleged as a second-shot course, meaning Woods has all the shots needed to put up competitive rounds.

While Woods is another year older, there is no doubt he comes into this year’s Masters healthier and better prepared, even if his leg will never truly be at 100% again. To me, that means he improves on that 47th-place finish from last year.

Woods knows he only has so many meaningful appearances at August left in him, and he’s going to want to make the most of whatever time he has left. The idea of him truly being in contention with a field this good seems like a tall order, but I love the value of him finishing in the Top 30 at even money.

Pick: Tiger Woods Top 30 Finish (+100 at bet365)

Tiger Woods pre-tournament finishing props

To win outright (+6,600)

As I just stated, Woods truly contending for his sixth Green Jacket seems like a bit of a long shot, and oddsmakers agree. Woods is on the board at 66/1 to win this year’s tournament. That’s even longer odds than last year when he was 50/1. But we saw last year that the uber-hilly Augusta wore on Tiger’s beat-up body over the weekend rounds.

That being said, Tiger won the 2019 Masters Tournament at 14/1 odds. Although this line is much longer, if there is one place you can never count Tiger out at, it’s Augusta National.

Tiger told reporters on Tuesday, “If there’s one golf course I can come back to (and compete), it’s here.”

That said, he's still probably overvalued here because it's Tiger, and he will always see plenty of betting action.

Top 5 finish (+1,100)

If you’re one of those people who think that Tiger will always have a chance to compete at the Masters because it’s Augusta National and no one knows the course better, then a Top 5 finish at 11/1 will certainly look tempting.

Woods has competed in the Masters Tournament 24 times. He has finished in the Top 5 in half of them. However, he has only one since 2014, which was of course his 2019 victory. If you really think he can compete, I’d prefer his outright win price.

Top 10 finish (+450)

Obviously, the farther we go down the finishes list, the more it might become tempting to back Tiger. When it comes to Top 10 finishes, he has notched 14 of those in his 24 Masters appearances. Once again, just one since 2014.

But I just keep thinking the depth of this field is what will really hold Tiger back. Scottie Scheffler, Jon Rahm, and Rory McIlroy are all playing outstanding golf. And others like Jordan Spieth, Justin Thomas, and Collin Morikawa are all set up for success. There could be some really good golf played this weekend.

Top 20 finish (+175)

Obviously, Tiger’s goal every time he competes in a tournament is to win. But a Top 20 finish feels like the place that looks like a realistic result in 2023.

He’s got 17 Top 20 finishes at Augusta National, with two in his last five appearances. We saw at the Genesis Invitational that he can still put together four good rounds. But it still resulted in a T-45 finish. At less than 2/1, there are probably better Tiger bets to make out there.

Tiger Woods pre-tournament Round 1 props

First-round leader (+3,500)

Everyone loves Tiger Woods. And everyone loves a long shot. So, everyone really loves Tiger as a long shot. Unfortunately, long shots don’t have the greatest history at the Masters. Charl Schwartzel in 2011 was the last triple-digit long shot to capture the Green Jacket.

Getting off to a good start will be important if Tiger wants to contend. But being the first-round leader seems like a bit of a stretch. If Woods is in contention, I would expect more of a slow burn rather than bursting out of the gates. During his 2019 run to the Green Jacket, he shot a 2-under 70.

Round 1 Score Over/Under 72.5

With Augusta National being a Par 72, this number is basically asking you whether you think Tiger will shoot above or below par on Thursday. The Over 72.5 is the favorite at -135, but there may be value on the Under 72.5 at -115.

As noted above, Woods was 2-under par in Round 1 of his 2019 win, and even in his comeback last season — where he hadn’t played a competitive round in over 500 days — he shot a 1-under 71 in the first round. No one knows this course better than Tiger, and his leg will be at its healthiest on Thursday. It could be his best round of the week.

Birdies in Round 1 Over/Under 3.5

This is probably my second favorite Tiger bet of the Masters. The Over 3.5 is getting nice plus money at +105, and as I said, Round 1 has a chance to be Tiger’s best of the week. He knows the course better than anyone, so four birdies fall into the realm of reasonable expectations. All four Par 5s at Augusta are gettable. And with his experience here, those shouldn’t be the only birdie opportunities for Tiger on Thursday.

Tiger Woods pre-tournament cut props

To make the cut (-225)

The uncertainty surrounding Tiger’s actual ability to play a round heading into last year’s Masters Tournament was the main reason why he was listed at -145 to miss the cut. 

But then we saw how big his experience advantage is at Augusta. He hadn’t played a competitive round of golf in almost two years and still goes out and shoots a 1-under 71. That solid start helped him make the cut despite a 2-over 74 on Friday. 

Woods has only missed the cut once in his 24 Masters starts. That was in his first season as a professional in 1996. This time around he’s a better than -200 favorite to advance to the weekend.

To miss the cut (+162)

So, now that Tiger has proved once again that he can perform at a high level at Augusta almost no matter what, the odds for the 2023 tournament are saying it’s more likely than not that Tiger qualifies for the weekend. Which is really what we’re here for. Because there is nothing better than watching Tiger walk the grounds at Augusta on Sunday.

Even with all the ups and downs in the second half of his storied career, he has made the cut in each of his last 22 Masters appearances.

Tiger Woods pre-tournament extra props

Any Bogey Free Round (+700)

This may look like a tempting bet because of Woods’ familiarity with the course. But bogeys are the norm at Augusta. It’s whoever limits them the best that comes out on top.

Tiger had a bogey-free round in the opening round of the November Masters in 2020. But that was the first time that Tiger had a clean scorecard during a round at the Masters since 2013.

Top former winner (+1,000)

I would probably like this bet a whole lot more if not for the fact that World No. 1 ranked Scottie Scheffler won his first Green Jacket last year. The crazy part is that Scheffler is arguably playing better golf heading into this year’s Masters than he was heading into the 2022 tournament.

Outside of Scheffler, the biggest former winners in the way of Tiger cashing this bet are Jordan Spieth and Hideki Matsuyama.

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