Masters Betting: Options To Win Big On Golf’s First Major of 2021

Written By Drew Ellis on April 6, 2021 - Last Updated on October 26, 2023
Masters Golf Betting 2021 Favorites

It’s only been a handful of months since we last saw action at Augusta National Golf Club for the Masters.

The 2021 sports season is taking a more normal form following a chaotic 2020 sports calendar. That means that the quest for a green jacket returns this week for the second time since November.

Here’s what Michigan sports bettors need to know to have their best chance at a successful Masters golf betting weekend.

The Masters Rundown

The Masters is one of four annual major championships in golf. It is a four-day tournament featuring the best golfers in the world.

  • Dates: April 8-11, 2021
  • Location: Augusta, Georgia
  • Course: Augusta National Golf Club
  • Par: 72
  • Length: 7,475 yards
  • TV and streaming: CBS, ESPN
  • Prize pool: $11.5 million in 2020
  • First place share: $2 million in 2020
  • Defending champion: Dustin Johnson

Masters golf betting options at Augusta

Golf betting involves a lot more than just picking a winner.

Although nailing the champion often provides a large payout, golf provides a lot of betting options that can allow you to have a successful weekend.

Here’s what options you have to consider for the Masters:

  • Outright winner: Pick the golfer to win the tournament at the end of the weekend based on the money line offered.
  • Vs. the field: For top favorites, some sportsbooks offer the option to bet on that golfer against the field. Similar to an outright winner bet, except you have the option to bet on the field against that one golfer.
  • Finishing position: If you aren’t loving the idea of putting all your chips on a winner, options are available to bet on finishes in the top five, top 10, and so on through the top 40. You can even keep it as simple as making or missing the cut. Obviously, each level comes with decreasing money line value.
  • First-round leader: Bet on the 18-hole leader. Still good value, but not as strong as picking the winner.
  • Nationality: Bet on the nationality of the winner. You can also bet on the top finisher in a variety of nationalities, such as top American, top European, etc.
  • Head-to-head: It’s a head-to-head matchup for the weekend. Pick which of the two you think will finish with a better score based on moneyline odds.
  • Group betting: Bet on one golfer against a set group of four or more at moneyline odds.
  • 2/3 balls: Bet on one golfer out of a group of three at moneyline odds.

If you want expanded details on some of the best winner options to monitor, check out our extended Masters preview page.

Featured head-to-head Masters Matchups

This weekend pits the best against the best and provides a lot of intriguing matchups. Here are some of the featured pairings to consider wagering on. (Editor’s note: For consistency, all odds from DraftKings Sportsbook.)

  • Bryson DeChambeau (-103) vs. Dustin Johnson (-125): The defending champ, Johnson, is ranked No. 1 in the world but hasn’t won on US soil since Augusta. DeChambeau is fifth in the world and has placed in the top three in two of his past three events.
  • Justin Thomas (+105) vs. Jon Rahm (-134): Thomas is second in the world rankings and placed fourth at Augusta in November. Rahm (third in the world rankings) has never won a major, but has three straight top-10 finishes at Augusta.
  • Xander Schauffele (-137) vs. Patrick Reed (+105): It’s No. 6 vs. No. 7 in the world rankings. Schauffele has finished in the top 10 in six of his past 10 majors. Reed is the 2018 Masters winner, and he finished 10th at Augusta in November.

Tournament props that can pay

If betting on individuals isn’t your speed, you have plenty of tournament props to consider this weekend for Masters golf betting as well.

  • Winning margin: Wager on how many strokes the victor will win by. Four strokes or more actually has the shortest odds at +225, while one stroke is at +250. Three of the lpast four Masters have been decided by 1 stroke or went to a playoff (+400).
  • Playoff odds: As noted, the odds for a playoff at +400, while the odds for a 3-man playoff sit at +1600. A 4-man playoff is at +5000. There have been 17 playoffs in Masters history, including three times since 2012.
  • Hole-in-one: Will there be an ace recorded during the four-day event? Yes sits at -162, while No is listed at +120. According to, 31 aces have been recorded. Nobody recorded one in the 2020 tournament, but 2016-19 all had at least one. The 16th hole (+110) and its friendly Sunday pin is the biggest culprit, with 22 aces recorded. The fourth hole (+2000) has had just one ace, back in 1992 from Jeff Sluman.

New user Masters special from DraftKings

Still new to sports betting? DraftKings is dangling a welcome offer to consider.

If you’re a first-time depositor and put at least $5 into your new account, you’ll get a +10000 (100-1) odds boost on any golfer to finish in the top 10 this week. Place a $1 bet on that futures market, and you have a legitimate chance at a $100 cashout.

Photo by David J. Phillip/AP
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Drew Ellis

Drew Ellis is the Lead Writer of PlayMichigan, the No. 1 source for online gambling news in Michigan. A lifelong resident of the state, Ellis has been working in various forms of media since 1998, including more than a decade in the sports betting industry prior to transitioning into US casino markets in 2020.

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