Masters Betting Odds 2022

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Betting on the Masters? This is one of the most popular golf tournaments for bettors. The best sports betting apps including DraftKings, BetMGM, and FanDuel, offer Masters odds. This year’s Masters will start on April 7, 2022, at Augusta National Golf Course.

By the time the 2022 Masters Tournament tees off, it will have been a full year since Hideki Matsuyama won his first major. Dustin Johnson won the previous Masters in November 2020 when the tournament was postponed due to the Covid-19 pandemic.

Bettors will be looking over the Masters odds to find the best value across the sports betting industry.

2022 Masters Odds

ZOOM: BOOK:

TEAM ODDS PROBABILITY
Jon Rahm +1100 8.33%
Rory McIlroy +1100 8.33%
Scottie Scheffler +1100 8.33%
Cameron Smith +1200 7.69%
Justin Thomas +1200 7.69%
Dustin Johnson +1400 6.67%
Collin Morikawa +1600 5.88%
Brooks Koepka +2000 4.76%
Jordan Spieth +2000 4.76%
Will Zalatoris +2500 3.85%

Implied probabilities are calculated using odds offered by DraftKings.
Last Updated: 2022-08-15 00:00:00 PDT.

 
+1100 +1100 +1000 +1067 8.59% 0.00% 0.00% 0.00%
+1100 +1300 +1200 +1200 7.72% 0.00% 0.00% 0.00%
+1100 +1300 +1200 +1200 7.72% 0.34% 0.34% 0.34%
+1200 +1200 +1200 +1200 7.69% 0.00% 0.00% 0.00%
+1200 +1300 +1600 +1367 6.91% 0.00% 0.00% 0.00%
+1400 +1300 +1600 +1433 6.56% 0.00% 0.00% 0.00%
+1600 +1900 +1400 +1633 5.85% 0.00% 0.00% 0.00%
+2000 +2200 +1600 +1933 5.00% 0.00% 0.00% 0.00%
+2000 +1500 +2500 +2000 4.95% 0.00% 0.00% 0.00%
+2500 +1700 +2200 +2133 4.58% 0.16% 0.16% 0.16%
+2200 +2400 +2000 +2200 4.37% 0.00% 0.00% 0.00%
+2200 +2400 +2200 +2267 4.23% 0.00% 0.00% 0.00%
+2500 +2400 +2000 +2300 4.20% 0.00% -0.31% -0.31%
+2800 +3200 +2500 +2833 3.44% 0.00% 0.00% 0.00%
+2800 +3200 +3300 +3100 3.14% 0.00% 0.00% 0.00%
+3500 +3600 +2800 +3300 2.98% 0.00% 0.00% 0.92%
+3500 +3200 +3300 +3333 2.92% 0.00% 0.00% 0.00%
+4000 +3400 +4000 +3800 2.58% 0.00% 0.00% 0.00%
+5000 +4600 +3300 +4300 2.34% 0.00% 0.00% 0.00%
+5000 +4600 +5000 +4867 2.02% 0.00% 0.00% 0.00%
+5000 +5000 +5000 +5000 1.96% 0.00% 0.00% 0.00%
+5000 +4600 +6600 +5400 1.86% 0.00% 0.00% 0.00%
+5000 +4600 +6600 +5400 1.86% 0.00% 0.00% 0.00%
+5000 +5500 +6600 +5700 1.75% 0.00% 0.00% 0.00%
+5000 +5500 +6600 +5700 1.75% 0.09% 0.09% 0.09%
+5000 +5500 +6600 +5700 1.75% 0.00% 0.00% 0.00%
+6000 +5500 +6600 +6033 1.64% 0.00% 0.00% 0.00%
+6500 +5500 +6600 +6200 1.60% 0.00% 0.00% 0.00%
+6500 +7500 +6600 +6867 1.44% 0.00% 0.00% 0.00%
+6500 +7500 +6600 +6867 1.44% 0.00% 0.00% 0.00%
+6500 +7500 +6600 +6867 1.44% 0.00% 0.00% 0.00%
+8000 +5500 +8000 +7167 1.42% 0.00% 0.00% 0.00%
+6500 +7500 +8000 +7333 1.36% 0.00% 0.00% 0.00%
+8000 +8000 +6600 +7533 1.32% 0.00% 0.00% 0.00%
+8000 +9000 +6600 +7867 1.28% 0.00% 0.00% 0.00%
+6500 +9000 +8000 +7833 1.28% 0.00% 0.00% 0.00%
+8000 +9000 +8000 +8333 1.19% 0.00% 0.00% 0.00%
+10000 +9000 +8000 +9000 1.11% 0.00% 0.00% 0.00%
+8000 +12000 +10000 +10000 1.02% 0.00% 0.00% 0.00%
+8000 +10000 +10000 1.02% -0.09% -0.09% -0.09%
+10000 +12000 +9000 +10333 0.97% 0.00% 0.00% 0.00%
+10000 +12000 +10000 +10667 0.94% 0.00% 0.00% 0.00%
+13000 +16000 +10000 +13000 0.79% 0.00% 0.00% 0.00%
+10000 +16000 +15000 +13667 0.76% 0.00% 0.00% 0.00%
+13000 +12000 +15000 +13333 0.75% 0.00% 0.00% 0.00%
+13000 +16000 +12500 +13833 0.73% 0.00% 0.00% 0.00%
+15000 +19000 +12500 +15500 0.66% 0.00% 0.00% 0.00%
+15000 +16000 +15000 +15333 0.65% 0.00% 0.00% 0.00%
+15000 +22000 +12500 +16500 0.64% 0.00% 0.00% 0.00%
+15000 +19000 +15000 +16333 0.62% 0.00% 0.00% 0.00%
+15000 +19000 +15000 +16333 0.62% 0.00% 0.00% 0.00%
+15000 +19000 +17500 +17167 0.58% 0.00% 0.00% 0.00%
+13000 +19000 +19000 0.56% -0.08% -0.08% -0.08%
+15000 +28000 +15000 +19333 0.56% 0.00% 0.00% 0.00%
+15000 +19000 +25000 +19667 0.53% 0.00% 0.00% 0.00%
+30000 +43000 +25000 +32667 0.32% 0.00% 0.00% 0.00%
+100000 +100000 +100000 0.10% 0.00% 0.00% 0.00%

Jon Rahm is the consensus betting favorite to win the Masters. On FanDuel, his odds are +850 to win. (Don’t forget to check other sites for the best odds on players you would like to bet). 

The biggest news in the days leading up to the Masters involved Tiger Woods, who announced his intention of playing in the event. Woods will attempt to win his sixth Masters after recovering from a critical car accident. The odds remained unchanged on Woods at FanDuel (+5000) and DraftKings (+4000).

Jordan Spieth checks in as the second betting favorite at +1100. Justin Thomas, Collin Morikawa, and Dustin Johnson are all at +1200.

The keys to handicapping golf are researching a player’s recent form and his past performances at Augusta National, where the Masters is held each year. Golf bettors will likely consider wagering on Johnson after his recent victory in the 2020 Masters. Johnson recently registered a T-9 finish at The Players Championship and a T-4 result at the WGC Match Play event.

You can find more value down the oddsboard with Brooks Koepka at +1900. Koepka has earned a reputation for being fully focused on major tournaments. Koepka has four major wins to his credit, but he’s still looking for a victory in the Masters. Koepka has been playing more regularly early in 2022. He finished T3 at the WM Phoenix Open, T-5 at the WGC Match Play, and T-12 at the Valspar Championship.

The Best Sports Betting Apps For Wagering On Masters Golf

There can be a lot of odds variance among sportsbooks when it comes to betting on golf. The first key is finding an online sportsbook that is legal where you reside or in an adjoining state. Gaming Today recommends opening multiple accounts with different sportsbooks for betting on the Masters. This will allow you to shop around for the best odds on Masters bets. As of this writing, Koepka was +1900 at FanDuel, but only +1400 at DraftKings and +1800 at BetMGM. These odds are fluid and they can change daily. Be sure to check the updated oddsboard on this page before making your bets. 

Don’t just compare odds either. If you’re opening a new account, sportsbooks offer different sign-up bonuses that can add to your bankroll in the form of matching deposits and risk-free bets. Take advantage of them.

How To Bet On The Masters

Betting on golf, specifically on the Masters, is different from betting on baseballfootball, and other major sports.  It’s one player against the rest of the field, which can be as many as 144 players on the PGA Tour. The Masters typically tops out around 80-90 players.

Now, let’s get back to picking a winner. As with any sport, current form is critical. If you’ve got a player with top-10 finishes in his most recent 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 sometimes be just that simple.

Augusta National isn’t the type of golf course where a player can typically turn his game around. But, as with any form of sports betting, there are exceptions to the rule. Longshots like Mike Weir, Trevor Immelman, and Danny Willet have captured victories despite being ranked lower on oddsboards. Matsuyama won last year’s Masters at odds of +4000. Those are very attractive odds on a winning Masters bet.    

Masters Live Betting

Live betting, or in-game betting, is available for the Masters at major sportsbooks. These types of wagers are placed after the tournament starts on Thursday.

The win odds for each player change on a real-time basis throughout the Masters based on their performance. If Dustin Johnson, for example, is five shots ahead of the field on the first day, his odds will drop considerably from the +1200 offered on him before the Masters started. If Johnson is up by five strokes with nine holes left in the Masters, he will be offered as a prohibitive favorite and you’ll have to bet a lot on him to win very little.

Masters Prop Bets And Matchups

Prop bets are plentiful on the Masters. You can bet more exotic props from “will there be a hole-in-one” to “will there be a playoff.” Some sportsbooks go all in on the Masters with props on the highest finishing player from each country that’s represented in the field. You can also bet matchups between individual players on who will finish higher in the Masters. Be sure to make these bets before the Masters begins.  

Masters Betting Odds

Rahm is the No. 2 ranked player in the world, and he’s been in decent form this year. Hence, the +850 line for bettors in the 2022 Masters. Rahm will draw more public money (on win bets) as we get closer to the Masters, so wager on him now if you’re interested.

Watch the tournament results heading into the Masters, too. If a player wins an event in March, you can expect his Masters odds to drop as a result. The reverse is true for players in bad form, as their Masters odds will increase do to missed cuts and bad performances.

What Affects Masters Odds

Oddsmakers set futures odds for every player in the field at the Masters. From a player’s recent tournament history to his past performances in the Masters, no stone will go unturned in setting the odds to win. Oddsmakers try to set a number that will entice  bettors, but they also want to limit the liability for their sportsbook.

Top Masters Odds On Leading Sportsbooks

DraftKings

Visit: DraftKings to claim a 20% deposit match up to $1,000 + $50 free bet with $5 deposit

  • Jon Rahm, +900
  • Rory McIlroy, +1200
  • Jordan Spieth, +1400
  • Dustin Johnson, +1400
  • Collin Morikowa, +1400
  • Brooks Koepka, +1600

BetMGM

Visit: BetMGM to claim up to $1,000 in a free bet offer (risk-free bet not available in NY or PA)

  • Jon Rahm, +800
  • Collin Morikawa, +1200
  • Rory McIlroy, +1400
  • Justin Thomas, +1400
  • Brooks Koepka, +1800
  • Patrick Cantlay, +1800

FanDuel

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

  • Jon Rahm, +850
  • Jordan Spieth, +1100
  • Collin Morikawa, +1200
  • Dustin Johnson, +1200
  • Justin Thomas, +1200
  • Rory McIlroy, +1400

Other Golf Odds Pages: PGA Championship Odds, US Open Odds

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. More and more have joined in the action so check out various online books to see where betting is allowed. Early states like MichiganVirginiaNevadaColoradoIowaIllinoisIndianaWest VirginiaPennsylvaniaNew Jersey, and New Hampshire are all in play. New York and Louisiana will offer Masters odds for the first time this year, as well.  

What's the best sports betting app for betting on the Masters?

Gaming Today recommends BetMGM, DraftKings, FanDuel, and Caesars Sportsbook as “best in class” options for betting on the Masters.  

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, PointsBet, 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 Masters gets closer.

When Is The 2022 Masters Tournament?

The 2022 Masters Tournament will be held on April 7-10 at Augusta National in Georgia.

Who Is Favored To Win The 2022 Masters?

Jon Rahm, the world’s No. 1 ranked golfer, is the favorite. He is ranked between +800 and +900 in Masters futures odds at most sportsbooks.

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.  

Does DraftKings Offer Masters Betting Odds?

Yes. If it’s a major event, all sportsbooks will have them. DraftKings will offer a variety of different ways to bet on the Masters, too.  

About the Author
Bill Bowman

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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