Masters Odds: How to Bet on the 2026 Masters Tournament with DraftKings, FanDuel, and More

Masters Odds: How to Bet on the 2026 Masters Tournament with DraftKings, FanDuel, and More

The 2026 Masters is set for April 9–12 at Augusta National, and the betting board is already loaded with big names at the top.

Between outright winner markets, first‑round leader bets, and finishing position props, there are plenty of ways to get action on golf’s first major of the year - especially when you layer in new‑customer promos from DraftKings, BetMGM, FanDuel, and Bet365.

Below is a breakdown of the best welcome offers, key odds for 2026, how to bet on golf, the last 10 winners at Augusta, and how to watch this year’s tournament in the U.S.

Top Sportsbook Promos for The Masters 2026

See below some of the epic new customer promotions you can get involved with in-time for the start of the tournament!

DraftKings Promo Code: Bet $5, Get $300 If Your Wager Wins

Step One: CLICK HERE or head to DraftKings and register a new account.

Step Two: Deposit $5 or more.

Step Three: Place a $5 bet on any golf market at minimum odds of –500 or longer.

Step Four: If your first wager wins, you receive $300 in Bonus Bets instantly, plus 1 month of ESPN Unlimited.

Bet365 Bonus Code CHECK: Get $365 in Bonus Bets

Step One: CLICK HERE or Go to Bet365’s website or click the widget below (New Customers Only).

Step Two: Register using bonus code CHECK.

Step Three: Deposit $10 and wager $10 on any Masters market.

Step Four: Whether your wager wins or loses, you’ll receive $365 in Bonus Bets.

FanDuel promo code: Bet $5, get $250

A simple way to turn a small stake into a sizable set of bonus wagers for Augusta.

Step One: CLICK HERE or visit FanDuel Sportsbook and register a new account.

Step Two: Deposit at least $5.

Step Three: Wager $5 on any market.

Step Four: If your wager wins, FanDuel issues $250 in Bonus Bets.

BetMGM: Bet $10, Get $150 (MI, NJ, PA, WV Only)

This is a straight “bet and get” bonus for new users in select states:

Step One: Visit BetMGM’s website to register your account.

Step Two: Deposit $10.

Step Three: Place your first $10 bet on any market.

Step Four: If that bet wins, receive $150 in Bonus Bets in addition to your cash winnings.

This version applies only to: Michigan, New Jersey, Pennsylvania, West Virginia

BetMGM First Bet Insurance Up to $1,500 (All Other States)

For all other legal betting states:

Step One: Visit BetMGM or click the widget and enter bonus code OCMAX1500 if prompted.

Step Two: Deposit $10–$1,500.

Step Three: Place your first qualifying wager (straight, parlay, SGP, etc.).

Step Four: If your bet wins, you keep profits + stake.

Step Five: If it loses, BetMGM refunds your stake as Bonus Bets (up to $1,500).

2026 Masters odds

Odds to win the Masters

Scheffler and Rahm sit near the top as recent champions, with McIlroy looking to back up his 2025 win.

• Scottie Scheffler +600
• Jon Rahm +1100
• Bryson DeChambeau +1200
• Rory McIlroy +1300
• Ludvig Aberg +1650
• Xander Schauffele +1800
• Tommy Fleetwood +2250
• Cameron Young +2300
• Matt Fitzpatrick +2350
• Min Woo Lee +3400
• Robert MacIntyre +3500
• Collin Morikawa +3500
• Justin Rose +3500
• Hideki Matsuyama +4000
• Patrick Reed +4300
• Jordan Spieth +4500
• Brooks Koepka +4500
• Viktor Hovland +5000
• Russell Henley +5500
• Christopher Gotterup +5500
• Si Woo Kim +5500
• Akhshay Bhatia +6500
• Justin Thomas +6600
• Shane Lowry +7000

First‑round leader odds

First‑round leader markets reward aggressive starters and players with early tee times in favorable conditions.

• Scottie Scheffler +1450
• Bryson DeChambeau +2000
• Rory McIlroy +2000
• Jon Rahm +2050
• Ludvig Aberg +2500
• Xander Schauffele +2700
• Cameron Young +2900
• Matt Fitzpatrick +3000
• Tommy Fleetwood +3300
• Justin Rose +3600
• Collin Morikawa +4000
• Brooks Koepka +4000

Top‑5 finish odds

Top‑5 markets are a good way to back elite players without needing them to win outright.

• Scottie Scheffler +140
• Jon Rahm +250
• Bryson DeChambeau +270
• Rory McIlroy +300
• Xander Schauffele +365
• Ludvig Aberg +380
• Matt Fitzpatrick +465
• Tommy Fleetwood +470
• Cameron Young +475
• Hideki Matsuyama +530
• Min Woo Lee +650
• Robert MacIntyre +660
• Justin Rose +710
• Collin Morikawa +750
• Jordan Spieth +800

How to Bet on Golf

If you’re new to betting the Masters, here are the most common markets:

Outright Winner

Pick the golfer who wins the tournament. Ideal for long‑shot value or backing elite players in form.

Finishing Position (Top 5, Top 10, Top 20)

Bet on a golfer to finish inside a specific range. Example: Top 5 means your golfer must finish 5th or better.

First‑Round Leader

Bet on who posts the lowest score in Round 1. Great for streaky scorers and early tee‑time advantages.

Head‑to‑Head Matchups

Pick one golfer to finish with a lower score than another golfer. Example: Scheffler over Rahm for the full tournament or a single round.

Group Betting

Choose the winner from a small group of golfers (often 3–6 players). Useful when you want to fade or back a cluster of similar‑tier players.

Props

You may see markets such as:

• Birdies or better
• Bogey‑free round
• Make/miss the cut
• Nationality props (Top American, Top European, etc.)
• Hole‑in‑one specials

Last 10 Winners of the Major at Augusta

• 2025: Rory McIlroy
• 2024: Scottie Scheffler
• 2023: Jon Rahm
• 2022: Scottie Scheffler
• 2021: Hideki Matsuyama
• 2020: Dustin Johnson
• 2019: Tiger Woods
• 2018: Patrick Reed
• 2017: Sergio García
• 2016: Danny Willett

2026 Masters schedule (U.S.)

Masters week runs Monday, April 6 through Sunday, April 12, 2026, with official competition rounds from Thursday, April 9 to Sunday, April 12.

Key dates and TV windows (ET)

• Thursday, April 9 – Round 1
• Friday, April 10 – Round 2
• Saturday, April 11 – Round 3
• Sunday, April 12 – Final round