The Masters Betting Odds

Where Can I Find The Latest 2023 Masters Odds?

You can find the latest Masters odds right here at OddsChecker. Using an easy-to-read grid format, OddsChecker lets you compare the best odds from leading US sportsbooks. Visitors can check out the latest 2023 Masters odds from groups like FanDuel, DraftKings, BetMGM, Bet365, and more. 

Ready to get in on the Masters golf betting action and predict who will win a green jacket in 2023? Click on the More Odds button above for the full list of Masters odds available now. Be sure to check back, as odds are updated every day and will shorten in the weeks leading up to the event. 

Want to learn more about how to bet on Masters odds, useful betting strategies, and which pros to keep an eye on? Keep reading for everything you need to know about Masters betting odds. 

How To Read Masters Betting Odds 

Masters betting odds are easy to read. At their most basic, sportsbooks offer odds on individual pros who are projected to be the outright winner of the tournament. These are written in a standard futures format (example: +1100) and show what bettors stand to win should they wager $100. These odds are offered on favorites as low as +1000 and long-shots as +200000. 

Keep in mind that Masters odds shift throughout the tournament according to each day’s action. Savvy punters check in every day to see if golf picks have changed based on player performance. 

For example, Dustin Johnson was the +800 favorite to win the 2020 Masters. By Thursday morning, his odds stood at +900, then +1800 on Friday morning. By Saturday, Johnson’s performance left him short of the cut line, and he was officially off the books (OTB). 

How To Bet The Masters 

The most common way to wager on 2023 Masters odds is by selecting an outright winner. However, it’s not the only wager offered by leading sportsbooks. Punters can place futures bets on odds to win Masters a full year ahead of the tournament. Sportsbooks set odds for the next year’s tournament as soon as the current event ends. As the 2023 date approaches, bets offered will become more specialized as pundits are able to consult the most recent stats to base their 2023 Masters odds off of. 

Let’s take a look at other common bets offered for Masters golf betting: 

• Matchup bets. Fans can wager on two- and three-ball matchups for each round, as well as the tournament as a whole. Matchups can be set according to any factor, such as world ranking or playing partners. In this case, Masters odds are written in a Moneyline format, including a favorite (-) and an underdog (+).
• Prop bets. There’s a wide range of prop bets offered on the tournament. Popular bets include larger matchup pools, which are decided on factors like nationality, world ranking, history at the tournament, and more.
• Over/unders. Odds are offered on a single player’s final round or tournament scores. Punters must decide if their final score will be under or over the amount predicted by sportsbooks.
• Finishing position bets. Odds are offered on single players to finish in Top 5, Top 10, Top 20, or Top 40.
• Straight forecast & each-way. Punters can place a bet on the winning order of the tournament for the two top-ranked golfers (straight forecast). They can also place two separate wagers on two golfers to predict which will be the outright winner and which will finish in a Top 3 or 5 position (each-way).

Masters Betting Strategy 

As the 2023 tournament approaches, pundits will take a close look at player stats to set their Masters odds. As Hideki Matsuyama (with odds of +5000) highlighted in 2021, predicting a winner involves more than just data analysis, even if two of the last three winners at Augusta have been world number one. Scottie Scheffler’s win in 2022 added to Dustin Johnson’s win in 2020, making it a good time for the best players in the world to challenge at Augusta. Can Scheffler win as both the defending champion and world number one this week? 

Ready to learn how to break down odds to win Masters and make your betting strategy leaner? One of the easiest ways punters can capitalize on any bet is to take advantage of bonus bet offers. Aside from choosing the right sportsbook, golf punters should also look at these stats before placing a wager: 

• Course history. Each PGA pro has a preferred course type, and some players simply don’t perform well at Augusta National. Given the tournament takes place at the same course each year, a golfer’s career performance at Augusta National carries more weight.
• Current form. It’s vital to comb through a player’s seasonal results—particularly those leading up to the Masters. Are they rising in World Rank? Are they falling short of top finishes? And is this making them hungrier for a win at Augusta, or are they crumbling under pressure?
• Key stats. Heading into Augusta and as the tournament unfolds, punters should keep an eye on stats like strokes gained (around-the-green and putting), scrambling, ball striking, and approach play. These will affect Masters odds as they’re updated by sportsbooks.