The rolling green fairways, the blooming azaleas, the delicious pimento cheese sandwiches—indeed, it’s time for The Masters yet again. And both betting odds and recent results point to the potential for a long-awaited showdown between Scottie Scheffler and Rory McIlroy in the first major championship of this PGA Tour season.
2025 The Masters Odds
| Golfer | Opening Odds | Apr. 13 (Final Rd) Odds | Apr. 12 (3rd Rd) Odds | Apr. 11 (2nd Rd) Odds | Apr. 10 (1st Rd) Odds | Apr. 8 Odds | Apr. 9 Odds |
|---|---|---|---|---|---|---|---|
| Scottie Scheffler | +450 | +3500 | +360 | +200 | +400 | +400 | +400 |
| Rory McIlroy | +650 | -200 | +330 | +1200 | +650 | +650 | +650 |
| Justin Rose | +9000 | +25000 | +800 | +750 | +9000 | +9000 | +9000 |
| Jon Rahm | +1400 | +100000 | +50000 | +12000 | +1400 | +1400 | +1400 |
| Ludvig Aberg | +1600 | +3500 | +2800 | +600 | +2000 | +1800 | +1800 |
| Collin Morikawa | +1600 | +50000 | +2500 | +3000 | +1600 | +1600 | +1600 |
| Xander Schauffele | +1800 | +20000 | +5000 | +5500 | +1800 | +2000 | +2000 |
| Bryson DeChambeau | +2000 | +260 | +360 | +750 | +1800 | +2000 | +2000 |
| Justin Thomas | +2200 | OTB | +22000 | +9000 | +2500 | +2200 | +2200 |
| Joaquin Niemann | +2800 | +100000 | +100000 | +7000 | +3300 | +2800 | +3000 |
| Hideki Matsuyama | +2800 | OTB | +4000 | +11000 | +3500 | +2800 | +3300 |
| Brooks Koepka | +3000 | MC | MC | +15000 | +3000 | +3000 | +3000 |
| Jordan Spieth | +3300 | +100000 | +100000 | +12000 | +3500 | +3300 | +3500 |
| Tommy Fleetwood | +3500 | +100000 | +9000 | +11000 | +3500 | +3500 | +3500 |
| Shane Lowry | +3500 | +12000 | +1600 | +4000 | +3500 | +3500 | +4000 |
| Viktor Hovland | +3500 | +75000 | +2800 | +4500 | +4000 | +3500 | +3500 |
| Cameron Smith | +5500 | MC | MC | +6500 | +5500 | +5500 | +5500 |
| Min Woo Lee | +5500 | OTB | +200000 | +6500 | +5500 | +5500 | +5500 |
Odds as of Apr. 11 at Sportsbook
World No. 1 Scheffler opened as the +450 favorite at Sportsbook at Augusta National, followed by world No. 2 McIlroy at +650, and nobody else in triple figures. Scheffler and McIlroy finished T2 and T5, respectively, in their most recent tune-up two weeks ago in Houston. Both have played very well this season—McIlroy owns an average finish of 9.5 that includes a victory in a Signature Event at Pebble Beach, while Scheffler has an average finish of ninth over his last four starts.
Why Scheffler is Favored To Win The Masters
You might have a little hesitation backing Scottie to win, given that he's not picked up a win in 2025 -- yet. Despite this, the World No. 1 has made the cut in each of the six events he's entered with three top-10 finishes including a third place at the Genesis and a runner-up a couple of weeks ago in the Houston Open.
In addition to this, Scheffler has had career success at Augusta, making the cut in all five appearances with three top 10's and two wins (2022 and 2024). It's a fair argument to make Scheffler the betting chalk heading into this year's Masters, the biggest question is whether he'll live up to it or not -- check out our Masters picks article to see who David Caraviello's predicting to win.
Is Rory Overvalued In The Masters Odds?
The lone, GLARING, missing victory in Rory McIlroy's famed career. U.S. Open, check. The Open, check. PGA Championship, check. The PLAYERS Championship, check. The Masters...
The Northern Irishman has made 16 starts at Augusta National Golf Club with half of those resulting in seven top-10 finishes and a runner-up in 2022 -- behind Scheffler. If momentum matters, Rory's in a good position to cash in at +650 and complete his career grand slam, picking up wins in two of his five starts this year, including his second straight PLAYERS Championship victory.
Masters Betting History
| Year | Golfer | Score |
|---|---|---|
| 2023 | Jon Rahm | -12 |
| 2022 | Scottie Scheffler | -10 |
| 2021 | Hideki Matsuyama | -10 |
| 2020 | Dustin Johnson | -20 |
| 2019 | Tiger Woods | -13 |
| 2018 | Patrick Reed | -15 |
| 2017 | Sergio Garcia | -9 |
| 2016 | Danny Willett | -5 |
| 2015 | Jordan Spieth | -18 |
| 2014 | Bubba Watson | -8 |
How Do Masters Betting Odds Work?
Looking at golf odds can be complicated if you’re new to betting on the sport, so don’t worry if it’s a little overwhelming at first. Learning how to bet on golf is fun and easy at Odds Shark, but it’s important to understand the basics of golf betting and odds before you go all-in on Tiger Woods to win the 2023 Masters.
If a sportsbook listed Woods at +2500 to slip on the green jacket, a $100 bet on Tiger to win the Masters would pay out $2,600 for a net profit of $2,500. Use our betting odds calculator to calculate your future winnings.
Why Is Betting On The Masters So Unique?
Make no mistake, the Masters is undoubtedly the biggest golf tournament in the world. Due to its prestige, winning the Masters is the greatest individual achievement a golfer can accomplish. For us golf bettors, too, there is no greater feeling than cashing in an outright winner on a Sunday in April.
There is one significant edge to keep in mind about the Masters. The tournament is the only major that does not change its setting every year. Augusta National has always been the only course to host the Masters, meaning players who have a good track record at the venue are much more reliable in Masters betting.
There have been some changes to Augusta over the years, but the course has played essentially the same since the 1970s.
Masters Betting FAQ
When will the Masters be held?
The 2023 Masters will be held from April 6-9 at Augusta National Golf Club. For more up-to-date golf information, visit our PGA Tour page.
What kind of bets can I make on the Masters?
From props to futures and head-to-heads, there are several ways to bet on the action at Augusta National Golf Club! Head over to our How to Bet on the Masters page for a detailed breakdown of all your Masters betting options.
Who is favored to win the Masters?
Scottie Scheffler, Rory McIlroy, Jon Rahm and Jordan Spieth are the likeliest candidates to win the 2023 Masters Tournament, according to sportsbooks.
