2023 Masters Odds

Masters Odds
Nicholas Berault
Written by Nicholas Berault
April 4, 2023

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The exclusive, hallowed ground of Augusta National Golf Club will open its doors for the 87th edition of The Masters in less than two months. The nervous energy that players and fans experience in the build-up to this tournament is amplified this year for reasons both on the course and away from it.

The recent play of Rory McIlroy and Jon Rahm has vaulted them to the top of the odds sheet and has increased the expectations placed on both to win their first green jacket. Off the course, the segmentation of major professional golf that occurred in the last twelve months is top of mind for fans.

In December, it was announced that previously eligible players from the LIV Golf League would be given the green light to participate in the 2023 tournament. McIlroy and Patrick Reed made headlines for a recent interaction at the Hero Dubai Desert Classic.

The two went on to duel until the 72nd hole when McIlroy dropped a mid-range birdie effort to clinch the tournament win. With Augusta National as the backdrop, there are expected to be as many fireworks on the famously slippery greens as there are in the state-of-the-art press room in a matter of weeks.

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Current Odds to Win 2023 Masters

The Masters may be a couple of days away, but the betting odds have been out at several online sportsbooks for quite some time. Curious about what the odds are for your favorite golfer? The following odds table should provide you with all of the information you need to make a sound wagering decision.

Here’s a quick look at the current Masters odds from BetMGM Sportsbook as of April 4:

2023 Masters Odds

Latest Odds from BetMGM SportsBook

Golfer Odds
Rory McIlroy +700
Scottie Scheffler +700
Jon Rahm +900
Jordan Spieth +1800
Patrick Cantlay +1800
Cameron Smith +2000
Justin Thomas +2000
Collin Morikawa +2200
Xander Schauffele +2200
Dustin Johnson +2500
Jason Day +2500
Max Homa +2500
Tony Finau +2500
Cameron Young +3000
Will Zalatoris +3300
Viktor Hovland +3300
Brooks Koepka +3300
Sam Burns +3300
Sungjae Im +3300
Matt Fitzpatrick +4000
Hideki Matsuyama +4000
Corey Connors +4000
Tyrrell Hatton +4000

Recapping the 2022 Masters

For months leading up to the 2022 Masters Tournament, two players surged in front of the pack with a string of victories and top tens. Viktor Hovland and Scottie Scheffler each won three times and had four additional top tens in the 11 tournaments they played before their appearances at Augusta National in mid-April.

Hovland went on to finish in a tie for 27th, and Scheffler won his first green jacket and Major tournament by three shots. Scheffler’s odds entering the 2022 event were +1600, tying him with Dustin Johnson and Cam Smith while trailing Justin Thomas (+1400) and favorite Jon Rahm (+1000).

This season, Rahm and Rory McIlroy are on a similar run as April approaches. McIlroy, the defending FedEx Cup champion, has won three of his last eight starts worldwide and has not finished outside the top ten in that time.

Rahm has won four times in his last seven starts and has finished in the top ten in his last eight tournaments as well. Both are at the top of their games and seeking their first win at Augusta in 2023.

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2023 Betting Favorites

As we mentioned, the two hottest players in the world sit atop the odds list ahead of the 2023 Masters Tournament. McIlroy, the 2022 runner-up who has top-ten finishes in seven of his last nine Masters, leads the way at +750.

He’s followed closely by Rahm at +800. The Spaniard has four top tens in six career starts at Augusta National but landed outside the top 25 last year after carding a 77 on Saturday in tough conditions.

Scheffler, at +1200, is looking to become the first repeat champion at the event since Tiger Woods went back-to-back in 2001-02. Cam Smith is right there with Scheffler after finishing T3 last year and posting four top tens in his last five starts at Augusta. Both are neck and neck with defending PGA champion Justin Thomas who himself has two top tens in the last three Masters Tournaments.

Other names in the +2000 range include two-time major champion Collin Morikawa, 2015 Masters champion Jordan Spieth, 2020 champion Dustin Johnson, and Will Zalatoris, who finished runner-up in 2021 and T6 in his second career Masters last year. According to VegasInsider, the winning player with the shortest odds since 2017 was Johnson at +850.

2023 Long Shots

Recent champions Hideki Matsuyama in 2021 and Patrick Reed in 2018 both won with odds of +4500 or longer. Matsuyama was a +4600 long shot when he became the first Japanese player to win the Masters during a one-stroke victory over Zalatoris.

Reed boasts the longest odds of any winner since 2017. He defeated Rickie Fowler by a stroke to come home as a +5000 underdog. Reed, a controversial figure in the world of golf, is again a long shot entering the 2023 Masters Tournament and can be bet as high as +7000 depending on the wager is placed.

Past champions Adam Scott (+5500), Bubba Watson (+9000), and Sergio Garcia (+9000) are all north of 42 years old at this point. Augusta is a course where a premium is placed on past experience, but it would be a surprise to see these names at the top of the leaderboard come the weekend.

Both Watson and Garcia joined the Saudi-backed LIV Golf in 2022, and players who have this in common are being discounted at the window with a couple of exceptions like Smith and Johnson. Brooks Koepka (+2800), Joaquin Niemann (+5000), Bryson DeChambeau (+4000), Louis Oosthuizen (+5500), Abraham Ancer (+9000), and Talor Gooch (+19000) are among the LIV members who will be playing against their former PGA Tour competitors for the first time since announcing their resignations from the Tour at various points last year.

The perceived decrease in competition for LIV players has resulted in their OWGR positions dropping and can be attributed to their format that includes a 48-player field, shotgun starts, and 54 holes. The Masters will be a fitting test of how this recent experience may have helped or harmed their chances of competing against the world’s best.

Two players that are not locked into the field yet but are worth mentioning are Sahith Theegala and Scott Stallings. Both made the Tour Championship field in 2022, Theegala in his rookie season and Stallings for the first time in a career that dates back to 2010.

Stallings had seven top-ten finishes and was runner-up at the BMW Championship in the fall playoff series. Theegala made 26 of 32 cuts in his first year on the PGA Tour and racked up five top tens, including runner-up and third-place finishes at the Travelers Championship and Waste Management Phoenix Open, respectively.

Stallings will need to win or play well over the next six weeks to qualify, but Theegala is currently 36th in the world rankings and should receive the invite to his first Masters’ appearance this year.

Is Tiger Woods Playing in the 2023 Masters?

Yes, Tiger Woods will be in the field for the 2023 Masters! The Big Cat last played at the Genesis Invitational back in February. He showed flashes of his old brilliance at times but still only finished in 45th place.

Though his placing at the Genesis was a bit disappointing, Woods has won The Masters 5 times, and he knows this course better than anyone else in the field. The 15-time major winner made the cut at Augusta last year before fading during the weekend rounds.

Regardless of how well Tiger plays, he'll surely be one of the biggest stories of The 2023 Masters. It's not that often we get to see the GOAT tee it up!

Odds for Tiger Woods to Win the 2023 Masters

Can Tiger Woods win the 2023 Masters? It seems unlikely, but we've learned to never count him out. Woods shocked the golf world by winning at Augusta in 2019.

Want to bet on Tiger to win the 2023 Masters? Caesars and DraftKings are currently offering the most generous odds, as both sportsbooks are at +8000. PointsBet is close behind at +7500.

These odds suggest that Tiger's chances of donning the green jacket in 2023 are around 1.2%. BetMGM has Tiger at +6600, which would imply a 1.5% chance of winning.

2023 Early Best Bets to Win the Masters Tournament

The common trait among these players is ball striking. Each member of this trio ranks inside the top ten on the PGA Tour in strokes gained tee-to-green for the 2022-23 season. In 19 combined starts since the new season began in October, this group is responsible for three victories, seven top fives, and ten top tens.

Putting at Augusta National is certainly a differentiator, but much more difficult to predict, especially for someone as streaky as Morikawa. At the current odds, we lean toward consistent ball strikers, proven winners, and players with strong form in recent events. These three check all three boxes, and we’ve locked in early plays on them.

Past Winners of the Masters

The Masters is considered by many to be the granddaddy of all major tournaments. If you're curious about any of the winners of the Masters since the turn of the century, the following list will help provide you with some answers.

Here are the winners of The Masters from 2000 to 2022:

Year Winner
2022 Scottie Scheffler
2021 Hideki Matsuyama
2020 Dustin Johnson
2019 Tiger Woods
2018 Patrick Reed
2017 Sergio Garcia
2016 Danny Willett
2015 Jordan Spieth
2014 Bubba Watson
2013 Adam Scott
2012 Bubba Watson
2011 Charl Schwartzel
2010 Phil Mickelson
2009 Angel Cabrera
2008 Trevor Immelman
2007 Zach Johnson
2006 Phil Mickelson
2005 Tiger Woods
2004 Phil Mickelson
2003 Mike Weir
2002 Tiger Woods
2001 Tiger Woods
2000 Vijay Singh

FAQ About The Masters

Are you a fan of golf trivia? If so, you'll love this section of commonly asked questions and answers. Simply reading the following section will turn you into a golf history buff in no time.

Have a question about The Masters that we didn't cover here? Email us at [email protected], and we'll get it added. You can also reach us on Twitter @EatWatchBet

What golfer has won the most Masters titles?

Jack Nicklaus has won the most Masters titles, with a total of 6 wins.

Who won the first Masters Tournament?

The first Masters Tournament was won by Horton Smith in 1934.

When did Augusta National Golf Club open?

Augusta National Golf Club opened on December 18, 1932.

What hole is considered the toughest at The Masters?

The 12th hole at Augusta National Golf Club, the site of The Masters tournament, is widely considered to be the toughest hole on the course. The 12th hole is a challenging par 3 that features a narrow green surrounded by bunkers and Rae's Creek. The hole has been the site of many critical shots and has been known to cause problems for even the best golfers in the world.

What is Amen Corner at Augusta National?

Amen Corner is a term used to describe a specific stretch of holes at Augusta National Golf Club, the site of The Masters tournament. Amen Corner consists of holes 11, 12, and 13 and is considered one of the most challenging and iconic parts of the course. The term "Amen Corner" was coined by sportswriter Herbert Warren Wind in a 1958 Sports Illustrated article, and has since become a staple in golf terminology. This stretch of holes is known for its picturesque scenery and challenging golf shots and is considered a pivotal part of the tournament.

Who shot the lowest-ever score at The Masters?

The record for the lowest-ever score at The Masters is held by Tiger Woods, who shot an 18-under-par 270 in the 1997 Masters tournament. This performance established Woods as a dominant force in golf and marked the beginning of his incredible run of success in major tournaments.

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21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Gambling problem? Call 1-800-GAMBLER. Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA).

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