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Betting on the Masters is one of the most popular golf tournaments for bettors. Most legal online sportsbook apps carry Masters odds, but it’s important to choose the right one for you.

By the time the 2021 Masters Tournament tees off, it will be just over five months since Dustin Johnson won the 2020 Masters in November at +900 odds. Bettors, even those who don’t follow golf regularly, will be looking over the betting odds and the props to find the best value. Johnson is leading the odds heading into the Tournament. 

Current 2021 Masters Odds in Las Vegas

As of March 2021, Johnson is the betting favorite everywhere you look. On FanDuel, his odds are +550 to win. The next best is +1200 and includes star-studded players such as Brooks Koepka, Bryson DeChambeau, Jon Rahm, Justin Thomas, and Rory McIlroy.

Any of those six players are certainly worth checking out. Golf bettors need to look at who played in top form in recent events and which players had success at Augusta National during previous Masters tournaments.

Naturally, Johnson fits the bill in both categories. It’s no secret Johnson is one of the hottest golfers around. He should be on the first page of the leaderboard come Sunday, and he’ll have a chance to defend his title. But, at +550, savvy bettors know that with a field this deep there’s likely to be better money to be had.

A guy like Koepka tops that list. Here’s a guy who lives for the majors; he has eight career wins and four of those are majors. He won back-to-back US Opens (2017 and 2018) as well as back-to-back PGA Championships (2018 and 2019). You can’t win back-to-back times at the Masters until you win the first and Koepka’s play early in 2021 has him licking his lips for Augusta.

If you’re looking for a longshot, check out Collin Morikawa at +3300. He’s already won his first major, the 2020 PGA Championship. Will he add a second major to his resume?

The Best Sportsbooks For Betting On Masters Golf

This isn’t as easy as it may seem. With betting numbers all over the board, you should start by checking which books you can legally bet with from the comfort of your home and state. That’s the top priority.

Then, come the numbers. A player at “Book A” may be +1000 and that same player may be +1400 at “Book B.” Betting is just like buying an appliance for your home or even a car: shop around for the best pricing. A perfect example is Johnson with +550 at FanDuel, +600 at BetMGM, and +650 at DraftKings.

Also, some sportsbooks offer incentives to sign up for their services. Be sure to read the fine print, but these offers can definitely add to your bankroll in the form of extra site credit in your account.

How To Bet On The Masters

Betting on golf, specifically on the Masters, is different from betting on baseball, football, and other major sports. First and foremost, it isn’t a team sport; there isn’t a “Team A” or a “Team B.” It’s one player against the rest of the field. In some instances, it’s a full field of 144 players.

In the Masters, the field usually tops out at right around 80-90 players. And within those players are a dozen or so who are competing as a matter of pride, not for the chance to win. Once you win the Masters, you’ve got an open invite to compete every year. Some are still taking the committee up on the offer of playing even though breaking 80 for some of them is now the goal.

Now, back to bettors picking a winner. As with any sport, the form is key. If you’ve got a guy with top-10 finishes on his resume in his last few starts, check him out. If you’ve got a guy who has missed cuts in his last couple of outings, move on. It can be just that simple.

Augusta National isn’t the kind of golf course that a player can usually turn his game around on. But, like with any bet, there are exceptions. Guys like Mike Weir, Trevor Immelman, and Danny Willet have come out of nowhere to win but like a 50-1 longshot winning a Triple Crown horse race. However, this is a rarity.

Masters Live Betting

Like other sports, many sportsbooks do offer live betting. Live betting in golf can be tricky. If a player has a five-shot lead, bettors are looking at a huge minus when it comes to picking that player to win. On the other hand, just about everyone else will be a nice plus. It’s all about momentum and who has it.

Remember, the later in the round you’re looking to bet, the wider the discrepancy in money. If a player has a four-shot lead with nine holes left, he will be a huge favorite. On the other hand, if it’s a horse race down to the wire, the odds will reflect more players having a chance to win and give bettors better odds for their favorite player.

Masters Prop Bets

Like most major events, the Masters will have more than its share of prop bets. From betting on “a hole-in-one” to “will there be a playoff” to “will the winner come from the last group”, there’s a side wager or two for just about everyone. Don’t forget to check those out before the first player tees off. Once that opening tee shot is hit, the props are gone.

Most sportsbooks won’t allow parlays on prop bets so if you’ve got a prop you like that is -200 (or worse), it’s going to cost you a little extra for a good return on your bet.

Masters Betting Odds

Johnson is hot and won last year’s Masters by five strokes, hence the +550 line for bettors in 2021. If he wins this year, he’s not going to be a big liability to the sportsbooks.

The guys at +1200 have been playing solid golf and all have decent history at Augusta (just not as good as Johnson’s, recently).

The odds change early and they change often. If a guy wins an event leading up to an event like the Masters, look for his number to drop. And it’s just the opposite if his game is struggling. His number tends to rise.

If you see a number you like, get it while you can.

What Affects Masters Odds

Setting the odds is a delicate operation. Bookmakers take into account everything. From a player’s recent tournament history to his performances in the event the bookmakers are setting the current lines on, these guys dig deep. Sportsbooks are looking for that perfect number that will attract bettors to take a chance. But they also want to limit their liability.

Top Masters Odds On Leading Sportsbooks


Visit: FanDuel to claim up to $1000 in a risk free bet offer

  • Dustin Johnson, +550
  • Rory McIlroy, +900
  • Jon Rahm, +1000
  • Brooks Koepka, +1000
  • Bryson DeChambeau, +1100
  • Justin Thomas, +1100


Visit: BetMGM to claim up to $600 in a free bet offer

  • Dustin Johnson, +600
  • Rory McIlroy, +1000
  • Jon Rahm, +1100
  • Justin Thomas, +1100
  • Brooks Koepka, +1200
  • Bryson DeChambeau, +1200


Visit: DraftKings to claim a 20% deposit match up to $1,000

  • Dustin Johnson, +650
  • Rory McIlroy, +900
  • Bryson DeChambeau, +1000
  • Jon Rahm, +1000
  • Justin Thomas, +1000

US Masters Golf Betting Odds FAQs

Is It Legal To Bet On The Masters Online In The US?

Yes, but it depends on the state you’re in. Michigan, Virginia, Nevada, Colorado, Iowa, Illinois, Indiana, West Virginia, Pennsylvania, New Jersey, and New Hampshire are all in play with more states looking into signing on to sports gaming. 

Who Sets Masters Betting Odds?

Every sportsbook has personnel who go over every stat imaginable to come up with starting numbers. Numbers are adjusted as players take part in tournaments leading up to the majors as well as their successes or failures during the year.

Where Can I Find Masters Vegas Odds?

Just about everywhere. Your favorite sportsbook will definitely have the odds on its site. Check out FanDuel, BetMGM, BetRivers, and DraftKings just to name a few.

Where Can I Find Masters Predictions And Picks?

Right here on Gaming Today. We will have previews and picks as the event gets closer.

When Is The 2021 Masters Tournament?

The 2021 Masters Tournament will be held on April 8-11 at Augusta National in Georgia.

Who Is Favored To Win The 2021 Masters?

Dustin Johnson, the defending champion, is +550 to +650 depending on the sportsbook.

Do Sportsbooks Offer Live, In-play Betting For The Masters?

Some will, some will not. Check out your favorite sportsbook app for the best odds. If they do offer in-play betting, be prepared to pay a premium unless you’re looking for someone to come off the pace. All of the sportsbooks will have betting updates after each round as well as head-to-head matchups for each round to keep bettors intrigued.

Does DraftKings Offer Masters Betting Odds?

Yes. If it’s a major event, all sportsbooks will have them front and center. Golf is no different.

About the Author

Bill Bowman

Bill Bowman is a Las Vegas-based writer who has more than 40 years in the sports-writing business. He's spent the past 18-plus years covering the golf scene in Vegas including 10 years as a writer/editor with VegasGolfer Magazine. He also contributes to the GolfNow Network of websites and Las Vegas Golf Insider.

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