Masters Betting Guide: Learn How to Bet Golf’s Biggest Tournament in 2026
Written by: Eddie Griffin
Last Update: Wed Apr 22, 2026, 1:22 am ET
Read Time: 11 minutes
The Masters is the most prestigious tournament in golf and one of the most popular betting events on the sports calendar.
Held every April at Augusta National Golf Club in Georgia, the Masters combines a limited field, a familiar course, and a deep betting menu. That combination gives bettors more ways to get involved than a typical PGA Tour event.
Masters betting markets include outright winner bets, finishing position bets, matchups, props, and live betting, making it one of the most versatile events to wager on.
For U.S. bettors, the Masters is widely available at top online sportsbooks such as Lucky Rebel, BetOnline, and Everygame. These books offer full tournament coverage, competitive odds, and generous promotions.
That said, betting on the Masters is different from betting on a regular PGA Tour event such as the Farmers Insurance Open or the Cognizant Classic. Course history matters more, experience plays a bigger role, and the layout at Augusta creates scoring patterns that repeat year after year.
This guide breaks down how Masters betting works, where to bet, available markets, and the strategies that can help bettors approach Augusta with confidence.
2026 Masters Odds
Odds are from Lucky Rebel as of Saturday, April 11, 2026.
| Player | Odds |
|---|---|
| Rory McIlroy | -275 |
| Patrick Reed | +1600 |
| Tommy Fleetwood | +1600 |
| Justin Rose | +1800 |
| Sam Burns | +2000 |
| Cameron Young | +2500 |
| Scottie Scheffler | +2500 |
| Shane Lowry | +3500 |
| Xander Schauffele | +5000 |
| Brooks Koepka | +5500 |
| Tyrrell Hatton | +6500 |
| Jason Day | +7000 |
| Chris Gotterup | +8000 |
| Hideki Matsuyama | +10000 |
| Wyndham Clark | +10000 |
| Jake Knapp | +12500 |
| Kristoffer Reitan | +12500 |
| Matt Fitzpatrick | +12500 |
| Ben Griffin | +17500 |
| Haotong Li | +17500 |
| Ludvig Aberg | +17500 |
| Collin Morikawa | +25000 |
| Max Homa | +30000 |
| Jordan Spieth | +50000 |
| Russell Henley | +50000 |
Check Out Danny Burke's 2026 Masters Predictions & Picks
Throughout the PGA Tour season, Betting News writer and host Danny Burke offers his golf picks every week.
For the Masters, DB is locked in on outright winner, finishing position, and matchup picks for several notable names.
Check out his Masters preview, predictions, and picks ahead of the tournament teeing off on Thursday, April 9.
Also, keep up with Danny's thoughts and tips throughout the tournament by watching his appearances on the Betting News Twitch channel and following him on X/Twitter.
2026 Masters Predictions and Picks »
Where Can You Bet on Masters Odds?
U.S. bettors have no shortage of strong options for betting on the Masters. Many U.S.-friendly sports betting sites offer odds for every PGA Tour event, and that coverage typically only increases for the four majors.
The best Masters betting sites combine competitive odds, a wide range of markets, and appealing promotions.
Lucky Rebel is new on the scene but is a top option for Masters betting. The platform offers an array of markets. That includes odds on who will the tournament, finishing position bets, matchup bets, and live betting odds.
New players at Lucky Rebel can receive a 125% bonus up to $1,250, along with 100 online casino free spins. For bettors seeking new options, these promos especially stand out during majors, which generate higher betting interest and offer more betting options than other events.
BetOnline remains a highly trusted option for Masters betting. Their Masters markets include outright winner bets, top 5/10/20 bets, and many props and matchup bets.
At BetOnline, new players can receive up to $250 in free bets and 100 free spins.
A third great option for Masters betting is Everygame. Everygame, formerly known as Intertops, has been in operation since 1996.
At Everygame, the lineup of markets is more streamlined than Lucky Rebel or BetOnline. However, its simpler betting options and interface attract both new and experienced bettors.
At Everygame, new players can receive not one, but two welcome bonuses. Both bonuses are 100% up to $500. With that double delight, you can bet on the Masters then on MLB, NBA, NHL, or soccer action.
These sportsbooks all offer Masters odds, but having accounts at multiple sites helps with line shopping and taking advantage of the best sportsbook promos going on.
Types of Masters Bets
The Masters offers one of the deepest betting menus in golf, with options ranging from long-term futures to round-by-round wagering.
Understanding how each market works is key to building a well-rounded betting approach.
Outright Winner
Outright winner betting is the most popular Masters market at Lucky Rebel and other golf betting sites, where bettors pick the player who will win the Green Jacket.
Because of the size of the field, outright betting carries a high level of variance. Even the favorites are priced at relatively large odds compared to other sports.
Most bettors choose multiple players rather than relying on a single pick. Spreading exposure across favorites, mid-tier contenders, and longshots is a common approach.
Finishing Position Bets (Top 5, Top 10, Top 20)
Finishing position markets provide a lower-risk alternative to outright betting.
Instead of needing a player to win, bettors can cash tickets if their selection finishes within a certain range.
Finishing position bets are especially useful at Augusta, where certain players consistently perform well due to course familiarity, even if they do not win.
Matchups (2-Ball, 3-Ball, and Tournament H2H)
Matchup betting focuses on one player versus another, either for a single round or the full tournament.
This is one of the most popular markets among experienced bettors because it removes much of the variance associated with outright winner betting.
Instead of beating the entire field, you only need your player to outperform one opponent.
First Round Leader (FRL)
First round leader betting focuses on who will be at the top of the leaderboard after Thursday's round.
This market is highly volatile but offers strong payouts.
Factors such as tee times, weather conditions, and early-round scoring trends play a major role in identifying value.
Prop Bets
Masters prop bets cover a wide range of outcomes, including:
- Will there be a hole-in-one?
- Nationality of the winner
- Top debutant
- Player-specific performance props
These markets are typically offered in greater volume during major tournaments compared to regular PGA Tour events.
Live Betting
Live betting is one of the most important markets during the Masters.
Odds change after nearly every shot, especially during high-pressure stretches like Amen Corner.
This creates opportunities to take advantage of shifting momentum, particularly when top players run into trouble.
Masters Betting Strategies
Betting on the Masters requires a different approach than a standard PGA Tour event.
Prioritize Course History
Augusta is one of the few courses where experience consistently matters.
Players who perform well here tend to repeat that success, while first-time participants often struggle.
Looking at past finishes can provide valuable insight into which players are comfortable on the course.
Focus on Approach Play
Iron play is one of the most important factors at Augusta.
Players who rank highly in Strokes Gained: Approach tend to create more birdie opportunities and avoid costly mistakes on the greens.
Target Strong Par 5 Scorers
The par 5s are the primary scoring opportunities at Augusta.
Players who consistently birdie or eagle these holes gain a significant advantage over the field.
Be Selective with Outright Winner Bets
Because of the field size, outright winner betting should be approached carefully.
Rather than placing a single bet, many bettors build a small portfolio of players at different odds levels.
Use Live Betting Strategically
Live betting is where many of the best opportunities appear.
Momentum shifts quickly at Augusta, and a single mistake can significantly impact a player's chances.
Watching how players handle pressure—especially on the back nine—can help identify value in real time.
Masters History and Information
The Masters has one of the richest histories in golf, and because it is played at the same course every year, those past results and moments still carry special weight for bettors today.
The tournament was founded by Bobby Jones and has been held at Augusta National Golf Club since 1934. Unlike the PGA Championship, U.S. Open, and Open Championship, which take place at different courses each year, Augusta's static status as the Masters' annual venue brings historical performance and trends more into focus.
Augusta National Breakdown
Understanding the course is critical when betting on the Masters.
Augusta National Golf Club is a par-72 layout that places a premium on precision rather than power.
While distance off the tee can be helpful, the tournament is typically decided by approach play and putting.
The greens are among the fastest in golf and feature significant undulation. Players must position their approach shots carefully to avoid difficult putts and potential three-putts.
The course also includes several risk-reward holes, particularly on the back nine. On those holes, aggressive play can create magical Masters moments. But while bravery can bring birdies, it can also bring big numbers.
Amen Corner (the par-4 11th hole, the par-3 12th hole, and the par-5 13th hole) is the most important stretch on the course. This three-hole sequence frequently determines the outcome of the tournament and is one of the most volatile segments in golf.
Iconic Moments in Masters History
Several notable moments help illustrate how the course plays and what it takes to win:
Jack Nicklaus (1986)
At age 46, Nicklaus surged up the leaderboard with a back-nine 30 on Sunday to win his sixth Masters. His experience and course knowledge allowed him to take advantage while others faltered late.
Larry Mize (1987)
Mize won in a playoff with one of the most famous shots in Masters history, chipping in from well off the green on the second playoff hole. It remains one of the most unlikely finishes at Augusta.
Greg Norman (1996)
Norman entered the final round with a six-shot lead but shot 78 on Sunday, losing to Nick Faldo. It is widely regarded as one of the biggest collapses in golf history and a reminder of how quickly things can change at Augusta.
Tiger Woods (1997)
After a record-breaking run as an amateur, Woods' professional career started brightly with three early wins. But his dominant win at Augusta just over three months after turning 21 served notice to the sports world that the future was now.
After shooting 4-over on his first nine holes, Woods went 22-under from there to win his first major title. To date, his 12-stroke margin of victory over runner-up Tom Kite remains the largest margin of victory in the Masters and one of the most memorable performances in golf history from both a sporting and cultural perspective.
Tiger Woods (2005)
Woods' chip-in on the 16th hole on Sunday helped him win a fourth green jacket. The ball paused on the edge of the cup as time seemingly stood still, then dropped to set off a raucous roar from the gallery. That moment highlighted the importance of creativity and course knowledge around Augusta's greens.
Rory McIlroy (2011)
Weeks before his 22nd birthday, McIlroy was on course for his first major title and held a four-shot lead entering the final round. However, he struggled on the back nine, including a triple bogey on the 10th hole, and finished well off the pace. It remains one of the more notable Sunday collapses in recent Masters history.
Tiger Woods (2019)
After injuries and personal issues disrupted his career, Woods captured his fifth Masters title after an 11-year major drought. Rather than overpowering the course, he relied on experience and smart decision-making while others made mistakes late.
Rory McIlroy (2025)
McIlroy finally broke through at Augusta, winning in a playoff against Justin Rose to complete the career Grand Slam. After years of close calls and heartbreaks, his win reinforced how persistence and course familiarity can pay off.
The common thread across these moments is that Augusta rewards experience, punishes mistakes, and creates pressure unlike any other course.
From a betting perspective, these moments also highlight the allure of live betting and how quickly tournaments can swing, especially on Sunday with the pressure at its highest.
Conclusion
The Masters is one of the most unique betting events in golf.
With a consistent course, a limited field, and a wide range of betting markets, it offers opportunities for both casual and experienced bettors.
Success at Augusta comes down to understanding how the course plays, identifying players who fit that profile, and taking advantage of the different markets available.
By combining pre-tournament research with in-play betting opportunities, bettors can approach the Masters with a well-rounded strategy.