The Masters 2024 Betting Guide

Outright Winner

In the context of US Masters betting, an outright winner is a futures bet on which golfer will win the tournament outright, without any handicap or point spread applied. For example, if you place an outright winner bet on Rahm to win the Masters, you will only win if he finishes with the lowest score and is declared the winner of the tournament.

Top 5 or 10 to 40 Finish

A top 5 finish means you are betting on a golfer you choose will finish the tournament in one of the top 5 positions when the tournament finishes. On the other hand, a top 10 finish means you are betting on a golfer to finish in the top 10 positions. A bet on a golfer to finish in the top 40 is the easiest, but the potential payout is lower.

Head-to-Head Matchups

In Masters betting, a head-to-head matchup is a type of bet where you predict which of two golfers will beat the other over a specified period of time. Head-to-head matchups are a good option if you want to follow your favourite golfer, rather than trying to predict the overall winner. It’s important to do your research, so always check the weather conditions and player form.

Group Winners

Group winners is a type of bet on which golfer scores the lowest in a designated group of players. For instance, a sportsbook may create a group consisting of 4 golfers, such as Woods, Mickelson, Rose, and Fowler. Just choose which one you think will perform the best. If he scores lower than the others by the end of the tournament, you will win your bet.

To Make or Miss the Cut

The cut is made after the second round of the Masters. It’s a scoring threshold that determines which players will continue to play, and which players will be eliminated. Only the players with the lowest scores can continue. Betting on whether a player will make or miss the cut, is an interesting and potentially profitable Masters bet.

Round 1 Winner

There are four rounds in the Masters, and the round 1 winner market refers to a bet placed on the golfer who wins on the first day. The winner will be the player with the lowest score over 18 holes. Betting on the Round 1 Winner is a great way to add extra excitement to your Masters betting.

Round 1 (Top 5, 10 or 20)

This bet that requires you to predict the top 5, 10, or 20 players who post the lowest scores after the first round. For example, a Round 1 Top 5 bet is predicting who will finish in the top 5 after the first 18 holes. The higher the number, the easier it is to predict, but your potential payout is lower.

Hole-in-One Props

A hole-in-one props bet at the Masters is one that involves predicting whether a golfer will hit a hole-in-one during the tournament. It’s a rare feat in golf, and it occurs when a golfer hits the ball directly into the hole with their first shot from the tee. This bet is popular because it offers big payouts, as the odds of a golfer hitting a hole-in-one are very high.

Tournament Props

Tournament props are bets focused on specific events that may occur during the Masters. These include top lefty, where you predict which left handed golfer will score the lowest over the tournament. Another prop bet is the 72nd hole, which predicts what will happen on the final hole of the Masters. Other common tournament props are best round, top past champ, and top player by college.

Tournament Props

Nationality props is a type of exotic bet which involves predicting the nationality of the golfer who will win the Masters. On sportsbooks, they are categorised into continents, America, Europe, Asia, or Rest of World. This type of bet is appealing if you have a particular affinity for golfers from a specific region. America often has the lowest odds, whilst Rest of World has the highest.

Favourites

John Rahm

The world number 1, Jon Rahm is the favourite with bookmakers to win the Masters tournament. After winning the US Open in 2021 by one shot, Rahm has kicked on to win numerous PGA Titles. These include the Mexican Open, the Acciona Open de España, and the DP World Tour Championship.

Known for his strong mindset, and consistent play, Rahm has all it takes to win his first ever green jacket.

Scottie Scheffler

Last year’s winner, Scottie Scheffler is one of the early Master betting favourites according to sportsbooks. Last year, he spent 31 weeks as world number 1, and won the Arnold Palmer Invitational and the Phoenix Open.

Besides winning the Masters in 2022 by 3 strokes, he also finished tied 2nd at the US Open. With impressive approach play, and excellent putting, Scheffler can go on to win back-to-back Masters.

Contenders

Dustin Johnson

Dustin Johnson, the former world number 1 who won the Masters back in 2020 by five shots, finishing at 20 under par. Since then, Johnson won the Saudi International in 2021, and the LIV Golf Boston Invitational in 2022.

Having a long drive with terrific approach play, Johnson has the skills to win the Masters. If he is able to find his form from a couple of years ago, Johnson can win his second green jacket with ease.

Hideki Matsuyama

The Japanese golfer, Matsuyama is currently ranked in the top 25 in the world. He won the 2021 Masters beating Will Zalatoris by 1 shot finishing 10 under. Last year was his best performing year to date, pocketing over $6m in prize money.

After winning the Masters, Matsuyama won the Zozo Championship, with his most recent win being the Sony Open in Hawaii.

Longshots

Bryson DeChambau

The “Scientist” is yet to ever win the Masters, but year on year, he’s getting closer. Last year, he made the cut, before finishing 43rd. His biggest win was at the US Open in 2020, where he won his first ever major by 6 strokes.

DeChambau has also found success at the 2021 Ryder Cup, where his American team beat the Europeans 19-9. He also defeated the Spanish golfer Sergio Garcia in his Sunday singles match.

Louis Oosthuizen

The South African, affectionately nicknamed “Shrek”, always turns up for majors. He was runner up in the Masters back in 2012, losing out in a playoff to Bubba Watson. His Augusta betting odds are high, and is definitely worth a punt to win the jacket.

The only major Oosthuizen has to his name is the 2010 Open Championship. His majors record is impressive though, finishing runner up in each one. In 2021, he finished 2nd at the US Open, and tied 3rd at both the Open Championship and the USPGA.

Welcome Bonuses

A welcome bonus is an offer that you can take advantage of when signing up to bet on the Masters. All you have to do is to register and deposit a minimum amount, and your bonus will be credited to your account. A welcome bonus is great to try out exciting new markets without taking any risks. Yet, remember to always check the wagering requirements prior to claiming the bonus.

Masters Free Bets

Throughout the Masters, you’ll have the chance to take advantage of free bets. It can be offered in a wide range of markets, from the outright winner to finishing in the top 5. To qualify, sportsbooks require you to place a bet first, and later your account will be credited with a free bet. Free bets are a terrific opportunity as the standard betting requirement is low, 1x.

Extra Each-Way Places

At online sportsbooks, each-way refers to the top 5 placed golfers at the Masters. However, one promotion that aids your betting is extra each-way places. Depending on the bookie, you might find up to eight places paid out, which can increase your profits. Each-way Masters betting odds are paid out at a quarter of the outright winner odds.

Enhanced Odds on the Masters

Before and during the tournament, bookmakers run daily promotions with enhanced odds. These will be in many events from each-way Masters betting, to the round 1 winner. As an example, Jon Rahm to win the first round will be priced at 8/1, but with a price boost it will be 10/1. You will also find special bets with enhanced odds like whether a hole-in-one will happen.

Masters Cash-Back Offers

As the Masters is difficult to predict, cash-back offers come in handy when you just fall short. Bookmakers will offer cash-back on a wide range of markets, from top 20 finish, to prop bets. If you narrowly miss out, your stake will be refunded. For instance, if you bet on Tiger Woods to be placed in the top 10, but he finishes 11th, your stake will be returned.

Research Previous Masters Performance

As the Masters is at the same course every year, some golfers perform better there than others. Of the players who will compete at the 2023 Masters, 10+ have already won it. Therefore, these golfers have the right mindset and skills to go all the way again. Yet, you should also study recent performances, and research who has come close, like Rory McIlroy.

Compare Betting Odds

As the Master betting odds for the outright winner start off high, always compare the prices between bookmakers. Just a few minutes can make you substantially more profit. Why place a bet at 50/1 at one bookie when you can get the same bet at 66/1? Also, it works the same in each-way betting because you’re paid a quarter of the odds, so always look for the best!

Opt for an Each-way Bet

Guessing the outright winner of the Masters pre tournament is a difficult feat. Therefore, the value is predicting which golfers will finish in the top 5, 10 or even 20. As It’s hard work predicting players to be near the top of the leader board, they also return decent profits. You can do this before the tournament starts or wait until you’ve seen all the golfers play.

Bet on the Hole-in-One Market

The hole-in-one market is probably the hardest market to correctly predict. Yet, it’s also the most profitable. You can bet on any player getting a hole-in-one, or, pick an individual golfer for an even bigger payout. This market is interesting, as you can turn a small bet into a huge amount of winnings. Nonetheless, the last time it happened was in 1988, when Curtis Strong got a hole-in-one on the par 3, 16th hole.