Best Sportsbook Promo Offers for the 2021 Masters

Chris Lollis

The 2021 Masters tournament is only weeks away and sportsbooks and bettors are already ramping up for golf's biggest event. We have combed through every offer for every US sportsbook and have identified the top promotions for this year's Masters tournament.

Each of our recommended offers comes from a sportsbook that not only has Masters odds already available, but offers a wide variety of live betting options for PGA events.

New users that register using one of our links below can receive up to $600 in free bets to use on the 2021 Masters Tournament!

Book Offer Link
sportsbook-williamhill 5.0 out of 5.0 stars Get a Risk Free Bet up to $500
Use Promo Code: WILLHILLRF
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sportsbook-pointsbet 5.0 out of 5.0 stars Bet $20 to Win $150
If your golfer scores a birdie during tournament!
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unibet sportsbook promotions 4.5 out of 5.0 stars $20 Free Bets and $250 Risk Free Bets
Two $10 Bets - No Deposit Req.
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sportsbook-betmgm 4.4 out of 5.0 stars Risk Free First Bet up to $600
New Customers Only
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monkey knife fight promotions 4.2 out of 5.0 stars $5 Bonus and $50 Deposit Match
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Our Favorite Sportsbook Offers for the 2021 Masters

There is no shortage of attractive new player offers for this year's Masters tournament. These range from 100% deposit bonus offers to $2,000 in free bets. That being said, we consider more than just the offer when determining how we rank each promotion.

For one, not all books offer the same odds and juice. In fact, some books offer significantly lower odds for every golfer in the tournament. For example, outside of Dustin Johnson, every golfer in the top 10 for this year's Masters has better odds on William Hill than FanDuel. In some cases this can mean a difference of up to $50 on a single $100 bet!

Another factor to consider is live betting. While some of the smaller US sportsbooks offer attractive pre-tournament odds, their in-game product is not on par with what you find with larger sportsbooks. Live betting is a great way to stay in the action throughout the tournament regardless of how your pre-tournament bets are playing out.

Both William Hill and PointsBet offer great Masters odds, a polished live betting product, and massive new player promotions. Lock in up to $500 in free bets or $500 in deposit bonus funds by taking advantage of one or both of these offers before the start of the 2021 Masters tournament!

William Hill: Get a Risk Free Bet up to $500

This promotion allows new users to get a 100% deposit bonus in the form of a risk-free Masters bet. Here are the details:

  1. Just register at William Hill using code WILLHILLRF
  2. Deposit and make your initial bet of up to $500.
  3. Get refunded in Free Bets if you lose

PointsBet: Deposit $250, Get $250 Free

The top offer from PointsBet for the 2021 Masters will double your initial deposit of up to $500! This is a great way to build your bankroll without even having to place a bet.

  1. Just register at PointsBet using promo code GOODFOOD
  2. Make an initial deposit of at least $20 and up to $500.
  3. Receive a 100% deposit bonus.

Looking for something else? Check out our sportsbook promo code directory for every available offer from all of the top US sportsbooks.

2021 masters odds and betting guide

Current Odds for 2021 Masters Tournament

Before we jump into the odds for this year's Masters Tournament, it is worth taking a look back at the tournament's history. Understanding past winners and the odds they entered the week with gives us a better idea of what golfers we should be looking at this year.

Here are the past 10 Masters winners with their pre-tournament odds, and where those odds ranked in the field for that year:

Year Winner Odds Odds Rk.
2020 Dustin Johnson 10/1 1
2020 Tiger Woods 14/1 4
2018 Patrick Reed 40/1 T-17
2017 Sergio Garcia 30/1 T-9
2016 Danny Willett 50/1 T-16
2015 Jordan Spieth 10/1 2
2014 Bubba Watson 20/1 T-6
2013 Adam Scott 25/1 T-6
2012 Bubba Watson 30/1 T-10
2011 Charl Schwartzel 100/1 T-35

With 7 of the last 10 winners entering the tournament with top-10 odds, clearly betting favorites fair quite well with the Masters. Unfortunately for bettors, past success in Augusta does not always indicated future success. For example, Watson has finished inside of the top 35 just twice since winning his second green jacket in 2014. Schwartzel has a Masters win and a runner-up, but has finished outside of the top 25 in his other 9 appearances.

As one would expect given the success of betting favorites, current form appears to play the largest role in determining the Masters winner. Looking at key statistics, bettors should really focus on a handful of important stats when analyzing the field. These include strokes gained putting, 3-putt avoidance, strokes gained around the green, bentgrass scoring, and par-4 efficiency (specifically 450-500 yards). This data can easily be found on the PGA Tour website.

In the end, we want to combine current form in these important statistical categories with current betting odds to determine which golfers are worth betting. Here is a look at those current odds for the 2021 Masters:

Current 2021 Masters Odds - As of February 15, 2021
Golfer Odds
Dustin Johnson +600
Rory McIlroy +1100
Brooks Koepka  +1200
Bryson DeChambeau +1200
Jon Rahm +1200
Justin Thomas +1200
Xander Schauffele +1400
Jordan Spieth +2000
Patrick Cantlay +2500
Patrick Reed +2500
Hideki Matsuyama +3300
Tiger Woods +3300
Tony Finau +3300
Tyrrell Hatton +3300
Bubba Watson +4000
Collin Morikawa +4000

Chris Lollis

Chris has over a decade of experience in the DFS and sports betting industry. He was named the most accurate NFL DFS analyst each of the past two seasons by a third-party site tracking weekly picks. He covers the NFL, CFB, and sports betting legislation for EatWatchBet. @_chris_lollis

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