Masters Betting Odds 2023
The Masters is first golf major of the year, and perhaps the sports most prestigious event.
Betting on The Masters is often a person’s first experience betting on golf in a given year, as the majors always tend to bring in the most bets at Michigan online sportsbooks. Read below for the latest odds, boosts and ways to bet on the Masters in Michigan.
Best Masters Odds Boosts
Check back as we get closer to The Masters for the latest boosts at Michigan sportsbooks.
Latest Masters odds
Check our live feed below for Masters odds posted at the top MI sportsbooks. Use the drop-down menu on the top left to see more odds for this year’s Masters Tournament.
2023 Masters contenders
As the 2023 Masters approaches, the betting market has spoken loud and clear. There are four consensus favorites to win the vaunted green jacket. Let’s take a look at what each of them brings to the table.
Jon Rahm
Rahm has flirted with victories in multiple majors in the past few years. His recent form always makes him one of the few top players to threaten a victory at any Championship.
Rory McIlroy
McIlroy has established himself as the locker room leader in the PGA, and with the threat of LIV constantly looming, he’s become even more of a fan favorite. He’s also very good at golf, and always a contender at majors.
Scottie Scheffler
The defending champion has put himself in a position where he’s a favorite every week. Now that he already has a Green Jacket in his closet, he knows what it’s like to win at Augusta.
Cameron Smith
Smith broke through with a win at The Open at St. Andrews a year ago, his first major victory. Now a member of the LIV Tour, it will be interesting to see how he’s received by crowds at The Masters.
Top tips for betting on the Masters golf tournament
For those new to golf betting, there are a number of resources to lean on as you get set to bet on the Masters. It’s an incredibly popular event with extensive media coverage surrounding it, and you won’t be lacking for opinions on what might happen.
If you have experience with wagering on golf, then there’s no reason to shake up what’s working for you just because it’s the Masters. Regardless of where you fall on the experience spectrum, here are some tips to lean on as you get your selections together.
- Study the odds board and shop for lines: The odds board is basically like a free piece of research that you can use while breaking down the field. Although golfers can exceed and underperform expectations all the time, overall standing in the eyes of the betting world can reveal some clues. Also, remember to shop around, as the odds and betting lines won’t be the same at every sportsbook.
- Break the field into tiers: It can be challenging and time-consuming to research every single golfer who’s scheduled to tee off. As opposed to doing that, break your research time into something like this: top-10 favorites, the next 20 and everyone else. From there, condense further into golfers you’re intrigued by from each tier and spend the bulk of your time on them.
- Review past performance at the Masters: There’s a ton of history attached to the Masters, and not everyone is up for the challenge presented by the course. For all the golfers you are interested in betting on, be sure to spend time reviewing how they’ve done here in the past. If it’s their first appearance, then look toward performance at other majors. Only one Masters rookie has ever won at Augusta — Fuzzy Zoeller in 1979.
- Current form and YTD stats: Golfers will go through peaks and valleys just like the rest of us. You’ll want to spend time on how they’ve performed for the season as a whole, but give extra weight to how they’ve fared over the past three or five events. A golfer who’s having a stellar overall campaign while crushing it of late is one to watch.
- Stick to a budget: The Masters is fun and exciting to bet on, but there’s no need to go overboard or outside of your comfort zone. As you head in, know what you’re comfortable betting and stick to that amount. You can spread out the risk — and enjoyment — by allocating a percentage of your Masters bankroll to each of the different bet types you like.
How to bet on the Masters in Michigan
Soon after the green jacket has been awarded to the winner of the Masters, odds for next year’s edition of the event will come out. Sportsbooks waste little time getting out numbers on futures that see lots of betting action, and the Masters falls into that category.
When oddsmakers unveil the numbers to the public, there are some clear favorites at the top, followed by mid-range plays who could make some noise and then everyone else. The public gets its shot to weigh in from there, which will lead to movement on the board.
As bets come in, Masters betting odds may shorten for some golfers and lengthen for others. This will continue throughout the PGA Tour season and right up until the time that the next Masters is set to tee off.
When you’re betting in the futures market, the idea is the get in the wagers you want at the best possible price. A futures bet requires a long-term perspective as winning tickets can’t be cashed until the winner is official.
Futures are a great way to bet on the Masters, but they’re far from the only opportunity. Here are some of the other top ways for you to get in the game.
- Outright winner: In the days leading up to the tournament, odds for the outright winner of the tournament will be front and center on online sportsbooks and apps.
- Top finishers: Beyond the winner of the Masters, you can also place your bets on those who may finish in a high spot, such as in the top 10 or top 20.
- Round leaders: You can zero in on the Masters even further by placing your bets on who you think will be in the lead after each individual round.
- Head-to-heads and groups: Sportsbooks will pair up golfers into head-to-head matchups and groups. These head-to-head bets work like a moneyline wager in that you just have to pick the winner.
- Masters props: You’ll find plenty of interesting props to consider for the Masters, including the chance to bet on the nationality of the winning Golfer.
Live betting on Masters golf
You can bet right along with each and every shot at the Masters. That’s thanks to the wonders of live betting, which has emerged as one of the top features at sportsbook apps and websites.
Live betting was once a niche offering, but it’s now in the category of must-have options. There have been some fascinating developments in this space in recent times, and the tech has evolved to the point where you can get inside of the action like never before.
It’s all about bets you can place in real time as the action takes place on the course. Odds and offerings move and change quickly, but current technology makes it possible to stay on top of things. Click through on our exclusive links to create an account with our recommended spots.
You’ll get some awesome sign-up bonuses for doing so. Once your account is all set, download the app for your iOS or Android device from the sportsbook website. After you log in on mobile, you’ll have a real sportsbook to take with you on the go.
There will be a dedicated section for live betting as the Masters unfolds. You can find the latest opportunities at any time. The sports betting app will also make for a perfect complement as you watch the tournament play out wherever you might be.
When is the Masters golf tournament?
Here’s what you need to know about this year’s edition of the Masters.
- Dates: April 6 – 9, 2023
- Location: Augusta, Georgia
- Course: Augusta National Golf Club
- Par: 72
- Length: 7,475 yards
- TV and streaming: CBS, ESPN
- Prize pool: $15 million
- First place share: $2.7 million in 2022
Masters results for the past 10 years
Over the past decade at the Masters, we have been treated to a number of thrilling finishes. Included on the list are three years in which a playoff was needed, as well as the stirring victory by Woods in 2019. Here’s a look back at the past 10 years of results at the Masters.
| Year | Purse / Top Prize | Winner | To Par | Runner-Up | To Par |
|---|---|---|---|---|---|
| 2022 | $15M/$2.7M | Scottie Scheffler | -10 | R. McIlroy | -7 |
| 2021 | $11.5M/$2.07M | Hideki Matsuyama | -10 | W. Zalatoris, C. Smith | -9 |
| 2020 | $11.5M/$2.07M | Dustin Johnson | -20 (Record) | S. Im, C. Smith | -15 |
| 2019 | $11.5M/$2.07M | Tiger Woods | -13 | D. Johnson, B. Koepka, X. Schauffele | -12 |
| 2018 | $11M/$1.98M | Patrick Reed | -15 | Rickie Fowler | -14 |
| 2017 | $11M/$1.98M | Sergio Garcia | -9 | Justin Rose (lost playoff) | -9 |
| 2016 | $10M/$1.8M | Danny Willett | -5 | J. Spieth, L. Westwood | -2 |
| 2015 | $10M/$1.8M | Jordan Spieth | -18 | P. Mickelson, J. Rose | -14 |
| 2014 | $9M/$1.62M | Bubba Watson | -8 | J. Blixt, J. Spieth | -5 |
| 2013 | $8M/$1.44M | Adam Scott | -9 | A. Cabrera (lost playoff) | -9 |
The 5 greatest Masters shots caught on tape
The first Masters was held way back in 1934. The 2020 edition of the tournament will be the 84th. Over that span, there have been hundreds of memorable moments. Here are five that continue to stand the test of time and deserve inclusion in discussions of the all-time best.
- Tiger Woods chip-in for birdie on 16th at the 2005 Masters.
https://youtu.be/7Fg4sZLrjwA - Sandy Lyle survives bunker to birdie and wins the 1988 Masters.
https://youtu.be/x_Q1P7Jfy2U - Larry Mize with chip-in to win the playoff at the 1987 Masters.
https://youtu.be/vrMFGsBXnYI - Jack Nicklaus sinks 40-foot putt en route to a win at the 1975 Masters.
https://youtu.be/WV7m9nxCueQ - Charl Schwartzel with eagle for the ages during the 2011 Masters.
https://youtu.be/b6KafUub0_c
Masters Betting FAQ
Once upon a time, Las Vegas was the only spot for legal sports betting in the US. That’s no longer the case. Sports betting is now legal in a growing list of states, including here in Michigan. Operators in legal states are releasing odds that are right in line with Sin City for the upcoming Masters.
The Masters is technically considered an invitation-only event. However, there’s also a list of criteria that make it clear who can be expected to participate. Among the automatic qualifiers are past Masters champions and winners of any other major over the past five years, while preference is also given to the current Official World Golf Ranking.
In most cases, the winner of a PGA Tour event is also given an invitation to that year’s event.
The green jacket was worn proudly by members at Augusta National from 1937-48. Beginning in 1949, the winner of the Masters was awarded one as well. All previous winners of the tournament also received a green jacket retroactively. The tradition continues to this day, with the awarding of the jacket serving as a made-for-TV moment.
In some circles, there are US Masters betting pools that are similar to what you might find for March Madness or the NFL playoffs. The pool allows entrants to pick a golfer they like from several different tiers. There may be an entry fee attached that is then distributed to the winner or winners when all is said and done.
Answers to this question may vary depending on which players you ask, but three holes over one stretch are among the most often cited.
- 10: Par 4, 495 yards
- 11: Par 4, 505 yards
- 12: Par 3, 155 yards
The latter two holes are part of a famous stretch known as Amen Corner, which concludes with the dramatic par-5 13th hole.
The other three dynamic par-5s are at Nos. 2, 8 and 15.
A stretch from the 11th through 13th holes at Augusta was christened with this nickname by sportswriter Herbert Warren Wind in the late 1950s. As legend has it, he was looking for a catchphrase that would speak to the overall difficulty of the event and the excitement that was often found at this stretch. The name has stuck to this day.
There’s no automatic answer here, and it could even vary by tournament. The best golf bet is one that you feel most comfortable with and are able to get at the best possible odds. As always, there’s no such thing as a sure thing when it comes to sports betting. Anything can happen on the course when golfers tee off, so there’s risk with each wager. No matter the bet you choose, remember to gamble responsibly.