2023 Masters Betting Guide – Best Masters Betting Odds, Sites & Tips

On April 7th, 2022, the world’s finest golfers will descend upon Augusta in a bid to seize the coveted green jacket from 2021 Masters champion Hideki Matsuyama, and you can further dial up the excitement by taking part in Masters betting.

This guide helps you find the best online sportsbooks for betting on the 2023 Masters. We will highlight each site’s strengths and weaknesses to help you find your ideal match. We will also break down the key betting options, deliver our best Masters betting tips and help you grab the best odds on each player.

BetOnline Sports logo

50% up to $1000 Welcome Bonus

5 Stars Claim Now
BetNow Sports logo

150% Match On The First Deposit Up To $150

5 Stars Claim Now
Everygame Sports logo

$750 Welcome Bonus (3 x $250 Bonuses)

5 Stars Claim Now
MyBookie Sports logo

50% Welcome Deposit Bonus up to $1000

5 Stars Claim Now
BUSR Sports logo

150% Deposit Bonus up to $2500

4.5 Stars Claim Now
Bovada Sports logo

Get a Welcome Bonus of up to $750

5 Stars Claim Now
BetUS Sports logo

125% Sign Up Bonus Up To $2,500

5 Stars Claim Now
XBet Sports logo

50% Welcome Deposit Bonus Up To $500 + $10 Casino Chip

5 Stars Claim Now
Jazz Sports logo

50% Sports Welcome Bonus Up To $1000

4 Stars Claim Now
Sportsbetting AG Sports logo

50% First Time Deposit Match Up To $1000

4.5 Stars Claim Now
In This Guide

The Masters 2022 Key Info

🏌️‍♂️ Tournament: The Masters 2022

📅 Dates: April 7-10, 2022

⛳ Course: Augusta National Golf Club, Georgia, US

📺 TV Channel: ESPN Thursday and Friday, CBS Saturday and Sunday

🎲 Favorite: Jon Rahm +1200

Masters Odds 2022 – Odds to Win The Masters

The first major of the year looms large on the horizon, and many golf betting fans are wondering: who are the favorites to win The Masters Tournament?

This Masters betting odds chart highlights the leading contenders for glory. You can use it to find the best odds available on the top 20 players:

Player BetOnline Bovada BetUS My Bookie SportsBetting.ag XBet
Jon Rahm +1200 +1000 +900 +910 +1200 +910
Justin Thomas +1400 +1400 +1200 +1325 +1400 +1325
Dustin Johnson +1600 +1400 +1400 +1575 +1600 +1575
Cameron Smith +1600 +1400 +1600 +1675 +1600 +1675
Collin Morikawa +1800 +1200 +1200 +1275 +1800 +1275
Rory McIlroy +1800 +1400 +1400 +1475 +1800 +1475
Jordan Spieth +1800 +1400 +1200 +1300 +1800 +1300
Scottie Sheffler +1600 +1600 +1600 +1675 +1600 +1675
Brooks Koepka +1800 +1600 +1600 +1825 +1800 +1825
Viktor Hovland +2000 +2000 +1800 +1925 +2000 +1925
Xander Shauffele +2500 +2000 +2000 +2000 +2500 +2000
Patrick Cantlay +2200 +2000 +2000 +1950 +2200 +1950
Bryson DeChambeau +3500 +2800 +2800 +2600 +3500 +2600
Hideki Matsuyama +3500 +2800 +3000 +2900 +3500 +3000
Will Zalatoris +3500 +3300 +3300 +3500 +3500 +3500
Sam Burns +4500 +3300 +4000 +4300 +4500 +4300
Daniel Berger +5000 +4000 +4000 +4200 +5000 +4200
Louis Ooshuizen +5000 +4000 +4000 +4200 +5000 +4200
Tiger Woods +5500 +3300 +5000 +4900 +5500 +4900
Tony Finau +7500 +4000 +4000 +4300 +7500 +4300

You will note that the odds on offer at BetOnline and SportsBetting.ag are the same. That is because they are sister sites owned by the same company. The same is true of MyBookie and XBet.

As you can see, BetOnline and SportsBetting.ag offer the best odds on most players competing for glory at The Masters. However, another site will occasionally offer a better price on a particular player, so it can be beneficial to sign up for accounts with multiple Masters betting sites.

Best Masters Betting Sites

We are often asked: where can I bet on The Masters? That inspired us to create this guide to the top 10 Masters betting sites. They are legit bookies that accept players from across the USA. They have all impressed our reviewers, and they have a reputation for paying out on time.

  1. Bovada – The most Masters betting options
  2. BetOnlineThe best overall Masters betting site
  3. Everygame – Lots of prop betting odds for Masters
  4. MyBookie – A user-friendly site for betting The Masters
  5. BetNow– Great betting odds on The Masters
  6. BetUSThe top Masters betting site for bonuses
  7. Xbet – Best site for beginners betting on The Masters
  8. BUSR – Top mobile site for US masters golf betting
  9. Jazz Sports – Excellent choice for Masters group betting
  10. Sportsbetting.ag – Elite sportsbook with sharp Masters betting lines

Reviews of the Best Masters Betting Sites

We have cherry-picked the five best Masters betting sites and reviewed them in detail. Our reviews are designed to help you find your perfect Masters bookmaker, as they all have different strengths and weaknesses.

These are all offshore sites, so they can accept bettors from any state. Some offshore sites cannot be trusted, but the five Masters bookies below are all firmly established as reputable, dependable sportsbooks that will treat you fairly and pay out on time.

1. Bovada – The Sportsbook with the Most Masters Betting Options

Bovada Masters Golf Betting

Bovada is the best option for golf bettors seeking variety. It provides a huge selection of Masters 3 ball betting and matchups for you to choose from. Bovada also has more prop betting options on golf tournaments than any rivals, so it is well worth signing up for an account – especially if you are an advanced bettor.

This online sportsbook has been operating since 2011, and it has a very trustworthy reputation in the golf betting community. It offers similar payout speeds to BetOnline. You will often receive your funds on the same day you request them if you choose crypto as your withdrawal method.

Bovada’s betting limits are lower than those found at BetOnline. Its odds are less appealing and its bonuses are smaller. However, it offers more betting options, better rollover requirements, and a very strong loyalty program, so it is worthy of your consideration.

What we like:

  • A wealth of golf betting options
  • Generous rollover requirements on bonuses
  • Simple, uncluttered sports betting interface
  • Very quick to pay out customers’ winnings

What we don’t:

  • Odds are less attractive than BetOnline’s
  • Smaller bonuses than some rivals

2. BetOnline – The Best Overall Masters Betting Site

BetOnline Masters Player Prop Bets

BetOnline offers more attractive Masters betting odds than any of its rivals. The odds comparison table that we compiled neatly illustrates this point. The name of the game is to earn a profit from your golfing expertise, and your chances of doing so will be maximized if you shop around the best odds.

That will invariably lead you to BetOnline. It does not offer as many Masters betting options as Bovada, and its bonuses are smaller than those found at BetUS, but you cannot ignore the sheer quality of its betting odds. That allows you to cover several different golfers to win the tournament, safe in the knowledge you will profit if any of them win the green jacket.

BetOnline is also very quick to pay customers their winnings. It has a more stylish and sophisticated interface than any of its rival Masters betting sites, and it has higher betting limits, so we make it the number one overall sportsbook for 2022 Masters betting odds.

What we like:

  • Best Masters betting odds on the market
  • Very quick, secure crypto payouts
  • Stylish, sophisticated sports betting interface
  • Great live betting service for golf fans

What we don’t:

  • High rollover requirements on bonuses
  • Deposit fees when you use a credit card

3. Everygame – Lots of Prop Betting Odds for Masters

everygame - masters sports betting site

Everygame is a popular site among golf bettors and provides excellent odds, markets, bonuses, payment options, betting limits, features, and customer service capabilities. We had to include it in our top five because it shares so many traits with our top-rated site.

Players can choose from a range of bonuses for crypto and card deposit deals, each with its own Everygame promo code used to unlock. Credit cards, cryptocurrencies such as Bitcoin, Ethereum, & Litecoin, and wire transfers allow you to fund your gambling. Bigger ranges of payment methods are available with other providers.

An FAQs section is the main form of customer support, meanwhile, with questions and answers on various topics. Live Chat is also available around the clock.

What we like:

  • Market leading Masters betting odds
  • Excellent live betting section for golf fans
  • Very quick to process customer withdrawals
  • Excellent, multilingual customer service

What we don’t:

  • Fees on credit card deposits

4. MyBookie- A User-Friendly Site for Betting The Masters

Golf Masters Betting at MyBookie

MyBookie is an eccentric betting site that accepts wagers on celebrity divorces, Mars missions, and even TV show betting. Yet it is also an excellent choice for golf bettors because it offers a clear, user-friendly website, attractive odds, and quick payments.

As you can see from the odds comparison chart above, MyBookie provides market-leading prices on certain golfers, including Scottie Sheffler and Brooks Koepka. It is not as quick to release betting lines as some of the other sites on the page, and it does not offer as many betting options.

However, the simple interface, the relatively narrow range of betting options, and the excellent customer service make it perfect for beginners.

What we like:

  • Beginner-friendly sports betting website
  • Market leading odds on some golfers
  • Excellent loyalty program for golf bettors
  • Fast and reliable mobile betting site

What we don’t:

  • Slower to release betting odds than some rivals
  • Welcome bonus is only a 50% deposit match

5. BetNow – Great Betting Odds for the Masters

BetNow - best Masters betting sites

You will often find that BetNow provides better golf betting odds than other bookies on our list. It does not cover as many markets, and it has higher rollover requirements on its bonuses, but the interface is just as impressive.

BetNow also offers extremely attentive customer service over the phone, and it has reasonably large betting limits. BetNow pretty much always pays out on time, and it is regarded as a trusted bookie. It is also licensed by Gaming Curacao, a respected regulatory body..

What we like:

  • A choice of large sign-up bonuses and reload bonuses
  • Provides quick, secure, dependable payments
  • Very attentive customer service
  • Competitive golf betting odds

What we don’t:

  • High rollover requirements
  • Fewer betting options than some rivals

Explore Our Expert-Written Sports Betting Guides

A comprehensive guide to betting on the NBA at the best betting sites in the US, featuring detailed reviews of the sportsbooks, lines, and odds.
NBA Betting
Everything you need to know about betting on the world's most popular MMA organization, the UFC. Discover the best UFC sportsbooks and learn about the markets.
UFC Betting
Whether it's the run line or parlay betting on the World Series, our MLB betting guide details everything you need to know about baseball betting in the US.
MLB Betting
Skate over to the top hockey sportsbooks and claim huge bonuses when you register. Read up on puck line betting and other popular NHL betting markets.
NHL Betting
Horse Racing
Unsure how to wager a trifecta at Preakness Stakes, or a quinella at Belmont? Our detailed horse racing betting guides will reveal all.
Horse Racing Betting
A complete guide to betting on America's Game. Learn how NFL odds and markets work, read our reviews of the top NFL sportsbooks and prepare to beat the spread.
NFL Betting
From the NBA Draft to March Madness and everything in between, our NCAAB betting guide sets out the key components to betting on college basketball.
NCAAB Betting
Discover the best esports betting sites for the world's most popular games: CS:GO, FIFA, CoD, WoW, and more. Use promo codes to claim rewards when you sign up.
Esports Betting
Our team of betting experts presents a comprehensive overview of tennis betting markets, odds, key dates, and the best tennis sportsbooks in the USA.
Tennis Betting
Hoping to bet on The Masters, Ryder Cup, or US Open this year? Read our comprehensive golf betting guides first to increase your chances of success.
Golf Betting
Plenty of sportsbooks now offer politics betting markets. Learn how to profit during the elections and claim lucrative sign-up bonuses when you register.
Politics Betting
Learn how to profit from the sweet science by reading our detailed boxing betting guide. Swing the odds back in your favor with reload bonuses and free bets.
Boxing Betting

How to Bet on The Masters

You can follow these simple steps to place a bet on The Masters with our top-rated sportsbook:

1. Visit the BetOnline Site and Click “Join”

Click the link to visit BetOnline and click on the lime green “Join” box to the right of the homepage.

BetOnline Masters Registration

2. Fill in the Registration Form

Provide personal and contact details. Choose a strong password and click to create an account.

BetOnline Registration Process for 2022 Golf Masters

3. Make a Deposit and Claim Your Welcome Bonus

Fund your account using your preferred method. If you like to use cryptocurrency to perform your online transactions, you can use Bitcoin, a wide range of altcoins, a credit card or debit card, an e-wallet, a bank transfer, or an alternative method like a P2P transfer.

BetOnline Deposit Options

4. Navigate to the Golf Section and Choose The Masters

When you have funded your account, click on the “Sports” option on the main toolbar menu and choose “Golf” from the options on the menu that appears to the left of the page. Click “The Masters” if it appears as an option. If you do not see it, click “Futures” and then “The Masters”

BetOnline Masters Odds

5. Place a Wager

Click on the odds next to any golfer to add that selection to the bet slip, which is located at the right of the screen. Type in a bet amount, check you are happy with the possible winnings and click to place the bet. If it wins, the funds will be credited to your account after the tournament.

[cur_year] Masters Betting Guide - Best Masters Betting Odds, Sites & Tips

Popular Types of Masters Betting Markets

You will be able to choose from a huge array of Masters betting markets if you visit a world-class sportsbook like Bovada. These are some of the main Masters betting options to familiarize yourself with:

Tournament Winner

This is a straightforward prediction on which player will claim the green jacket. It may be referred to as a moneyline bet. The sportsbooks assess the strengths of each golfer before issuing Masters odds on them. The market begins with a favorite – Jon Rahm – and The Masters’ odds grow longer until you reach the rank outsider.

You can place tournament winner bets on several different players if you like. If one of them is victorious, you will still earn a profit.

Example: Hideki Matsuyama odds to win The Masters @ +3500

Top 5 Finish / Top 10 Finish

Many online sportsbooks allow you to bet on a player to finish in the top five or the top 10. The odds on him doing so will naturally be shorter than the odds of him winning the overall tournament.

You may want to check the rules to see how a bet will be graded in the event your player finishes T5 or T10. Dead-heat rules normally apply. For example, if your player finishes T10 with one other player, half your bet amount will be graded as a winner, and half will be graded as a loss.

Example: Jordan Spieth Masters odds to finish in the top 10 @ +600

2 Ball Betting

This fun Masters betting option groups two players together. You can then bet on which player will get the lowest score. 2 Ball betting is normally available on a particular round, but it can apply to the overall tournament or a single hole. You do not need to worry about the other players in the field, as it simply pits two specific players against one another.

Example: Will Zalatoris odds to win The Masters 2 Ball against Tony Finau @ -125

3 Ball Betting

Masters 3 ball betting is similar, but it groups three players together instead. You simply need to predict which one will fare the best. Dead-heat rules normally apply in the event of a two-way tie or a three-way tie, but you can check the rules or contact customer service to be sure.

Example: Scottie Scheffler Masters odds to win a 3 Ball @ +150

First Round Leader

This is a popular Masters betting option. It just requires you to predict which player will sit atop the leaderboard after the first round. You will then be able to enjoy Masters second round betting, Masters third round betting, and Masters final round betting when the tournament is underway.

Example: Patrick Cantlay Masters odds to lead after the first round @ +2000

Player vs. The Field

This is a straightforward bet on a specific player to finish ahead of his rivals. It is normally available as a live bet in the later rounds when one player is out in front. It is essentially the same as a tournament winner bet. You may also find two players or three players grouped together, and you can bet on that group versus the field.

Example: Matt Kuchar Masters odds vs. the field @ -110

Make or Miss Cut

This is a simple wager on whether a player will make the cut or miss the cut. After 36 holes, the leading 50 players at The Masters will make the cut and compete in the final two rounds. The remaining players will miss the cut and go home.

Example: Webb Simpson Masters odds to make the cut @ -150, Zach Johnson Masters odds to miss the cut @ +145

Golf Prop Bets

You will find a wealth of golf prop bets at sites like Bovada. For example, you will be able to bet on whether there will be a first-time winner. Some Masters betting sites will allow you to bet on the winning score, whether the course record will be broken, whether there will be a hole in one, the longest drive, the most strokes on a single hole, and so on.

Another popular prop bet focuses on the top player from each region. For example, you can bet on the top American player or the top European.

Example: Cameron Smith Masters odds to be the top Australian @ -150, Jon Rahm Masters odds to be the top European @ +450, Si Woo Kim Masters odds to be the top Asian @ +300

Masters Live Betting

The fun does not stop when the tournament gets underway. You can enjoy live Masters betting throughout the entire tournament at the best sites for Masters odds, such as BetOnline, Bovada, and BetUS. The odds on each market will be updated in real-time, based on developments on the course. This allows you to watch the action and make educated bets.

Example: Justin Rose odds to win Masters live @ +1800

How Masters Betting Odds & Lines Work

When the big tournament approaches, we are regularly asked: what are the betting odds for The Masters and what do they mean? Masters betting odds, which may be referred to as Masters betting lines, will be displayed in the American format on the moneyline. That means they will begin with a plus or a minus.

BetOnline Masters

For example, you will see in this example that The Masters odds on Jordan Spieth winning the tournament are +1800. The plus sign tells you the potential profit you will earn if you place a successful $100 bet on that golfer. A $100 bet on Spieth would net a profit of $1,800. You get your stake back too, so the total return would be $1,900.

You do not need to bet precisely $100. That is just a guide. For example, you could bet $50 on Spieth and earn a $900 profit if he were to win.

Some odds will also begin with a minus symbol. That will be the case when betting on a favorite in the live betting on the final day, and you will also find odds beginning with a minus when placing 2 ball bets. It tells you how much you need to bet to earn a $100 profit.

For example, if a player is priced at -120, it means you must wager $120 on him to earn a $100 profit. That would result in a total return of $220. Once again, you do not need to bet precisely $120, as it is just a guide.

Masters Betting Predictions

These are our top three Masters betting picks for this year’s tournament:

Justin Thomas to Win The Masters

The world number seven has all the necessary attributes to win this tournament. He scores well for driving distance, strokes gained around the green, experience, and recent form. Thomas is at the right age, and he has flourished at majors before.

His best Masters finish was fourth in 2020, but he carded an opening 66 in 2020 and a second-round 67 last year. That shows he has the quality to win the tournament. He just needs to find the right consistency over 72 holes.

Cameron Smith to Finish in the Top 10

The Australian golfer is on fire this year. He began 2022 with a one-stroke victory over Jon Rahm in the Sentry Tournament of Champions, and he won The Players Championship – dubbed the fifth major in March. Smith has the right combination of youth and experience, and his game should be well suited to Augusta.

Abraham Ancer to Finish in the Top 10

The Mexican has a similar skill set to Hideki Matsuyama, who won The Masters last year. He offers quality approach work, sharpness on the greens, and reasonable power off the tee. He finished T13 in 2020 and T26 last year, but he could make the step up in 2022.

Our Top 5 Masters Betting Tips

These Masters betting tips can increase your chances of earning a profit when watching the tournament unfold:

1. Find the Best Odds

The Masters odds chart on this page highlights the importance of claiming the best odds on each golfer you bet on. For example, a $10 bet on Tony Finau at BetOnline would net you $750 if he won the tournament, compared to just $400 at Bovada and BetUS.

It might be prudent to sign up with a few different Masters betting sites to ensure you get the best Masters odds on each player. That also means you unlock multiple bonuses, which brings us onto our next point.

2. Claim Bonuses

Make sure you claim as many Masters betting bonuses as possible. That may include a deposit match offer, odds boosts, risk-free bets, and other promotions. These bonuses reduce the house edge and improve your overall chances of success.

3. Focus on Important Stats

Some stats are highly relevant when it comes to Masters betting, and others are irrelevant, so you need to filter them out. You should try to anticipate which players will flourish at this particular golf course, in the given weather conditions at the time, and who will have the mental strength to triumph. Here are useful stats when whittling down the field:

Seven of the last 10 Masters winners had made three previous appearances at the tournament and finished in the top 10 at Augusta. There has not been a first-time winner since 1979. It has been more than a decade since a player successfully defended the green jacket. Nine of the last 10 winners had a top-six finish at a major in the past two years.

4. Hedge Your Bets

If you bet on a player to win the tournament and he ends up in a playoff with one or two rivals, bet on his rivals to win. That way you will cover all bases and lock in a guaranteed profit irrespective of the outcome. An online calculator will tell you the precise amount to wager when hedging to maximize the potential profit.

5. Bet on 2 Ball Matchups

It is difficult to predict the winner of The Masters, as there are so many elite contenders. You will have a lot more joy if you focus on 2 ball matchups. There is always a temptation to combine several picks into a parlay, but you should try to avoid this, as the house edge increases with every leg you add to a parlay.

The Masters Past Winners

As you can see below, Bubba Watson is the only player to win The Masters twice in the past 10 years. There has not been a back-to-back champion either, so history is not on Hideki Matsuyama’s side.

Year Champion Nationality Score (To Par) Winning Margin
2021 Hideki Matsuyama Japan 278 (-10) 1 stroke
2020 Dustin Johnson USA 268 (-20) 5 strokes
2019 Tiger Woods USA 275 (-13) 1 stroke
2018 Patrick Reed USA 273 (-15) 1 stroke
2017 Sergio Garcia Spain 279 (-9) Playoff
2016 Danny Willett England 283 (-5) 3 strokes
2015 Jordan Spieth USA 270 (-18) 4 strokes
2014 Bubba Watson USA 280 (-8) 3 strokes
2013 Adam Scott Australia 279 (-9) Playoff
2012 Bubba Watson USA 278 (-10) Playoff

The Masters 2022 Stats

  • This will be the 86th edition of The Masters golf tournament at Augusta National in Georgia.
  • Hole 11 and 15 have been extended by 15 and 20 yards respectively since the 2021 Masters. The total length of the course is now 7,510 yards.
  • The field will consist of 91 elite golfers. Entry is by invitation only. All past winners are invited, along with winners of various qualifying tournaments and the world’s top 50 players as of December 31, 2022.
  • The prize money for The Masters will be $11.5 million, which is unchanged since last year. The winner will receive $2.07 million, the runner-up will take home $1.24 million and third place receives $782.000.
  • Tickets are selling for thousands of dollars on the secondary market, but you can watch the action on ESPN and CBS.
  • American players have won The Masters 62 times. Spain and South Africa are next, with five wins apiece, followed by England, with four wins – three from Nick Faldo and one from Danny Willett.

Mobile Betting on The Masters

Mobile betting sites allow you to place wagers on The Masters in a quick and convenient manner. You might be watching it unfold at a sports bar, at a friend’s house, or even at Augusta, or you might just be on your break at work. You can grab your phone and tap the screen a few times to get your bet on.

There are a few golf betting apps, but they are only available in certain states. Operators like BetOnline, Bovada, BetUS, and MyBookie do not have mobile apps, but they offer mobile-optimized websites, and they also welcome players from every state.

See our related pages…

For more information and insight about Masters betting, check out these pages:

  • Golf betting sites – Find the best golf betting sites and more in our expert guide
  • Golf betting apps – Discover the best mobile apps for wagering on The Masters
  • Best sportsbooks – Learn more about the best all-round online sportsbooks in the business
  • Live sports betting – An overview of the leading sportsbooks for in-play wagering
  • Sports betting tax – An explanation of your tax liabilities when betting on golf
  • Free bets – A guide to claiming the best sportsbook bonuses available to golf fans

Best Masters Betting Site

BetOnline is the best Masters betting site thanks to the sheer quality of its odds. You will generally earn a larger profit by using Betonline instead of its rivals, so it makes a great deal of sense to sign up for an account today.

You will also benefit from a large welcome bonus, a risk-free live bet, and a free play mobile bet if you sign up today. BetOnline is a trustworthy golf betting site that pays out quickly, so we recommend registering ahead of The Masters 2022.

Best Golf Masters Betting Site
Bovada Sports logo

Get a Welcome Bonus of up to $750

5 Stars Claim Now

Masters Betting FAQs

How do you gamble at The Masters?

Who won the 2021 Masters?

Is Tiger Woods in The Masters 2022?

Who has won the most Masters?

Is it legal to bet on The Masters?

Can you live bet The Masters?

Who’s favored to win The Masters 2022?

Where is The Masters?

Jackson Holland is an experienced sports writer and handicapper based in Pennsylvania. He worked part-time at a racetrack and casino while majoring in English Literature at college, and that inspired a passion for gambling. Holland spent a decade as a journalist working for a variety of regional newspapers before joining the sports betting industry. He writes long-form betting guides for Basketball Insiders, Augusta Free Press and various other publications.