Masters Odds: Track the Favorites to Win at Augusta in 2025
By Zach Reger
Updated:
- Odds to win the 2025 Masters are already available at online sportsbooks
- Scottie Scheffler is a heavy favorite to win his third green jacket in four years
- See the latest 2025 Masters odds for all favorites and notable players in the field
There’s no tradition quite the same as ushering in spring with the first major golf tournament of the year, The Masters at Augusta National.
After each PGA Tour event leading up to the start of the tournament on April 10, 2025, we update the Masters odds to reflect their current state ahead of the tournament on the second weekend in April.
Check back frequently for the latest odds to win the 2025 Masters on this page.
2025 Masters Favorites & Top Contenders
Scottie Scheffler opened as the +450 favorite to win the 2025 Masters after winning the tournament last year. Scheffler is now +350 to win the tournament this year. The golfer with the second-best odds is Rory McIlroy at +750.
2025 Masters Odds
| Player | Odds |
|---|---|
| Scottie Scheffler | +350 |
| Rory McIlroy | +750 |
| Xander Schauffele | +1000 |
| Jon Rahm | +1100 |
| Ludvig Aberg | +1600 |
| Collin Morikawa | +1800 |
| Bryson DeChambeau | +1800 |
| Brooks Koepka | +2200 |
| Hideki Matsuyama | +2200 |
| Justin Thomas | +2500 |
| Tommy Fleetwood | +3000 |
| Jordan Spieth | +3000 |
| Tyrrell Hatton | +3500 |
| Viktor Hovland | +4000 |
| Patrick Cantlay | +4000 |
| Joaquin Niemann | +4000 |
| Cameron Smith | +4500 |
| Will Zalatoris | +5000 |
| Sungjae Im | +5000 |
| Shane Lowry | +5000 |
Scottie Scheffler opened at +450 to win the 2025 Masters and has since moved to +350 which means sportsbooks are giving him a 22.22% chance to win his third Green Jacket in four years. If you were to place a $20 bet on Scheffler to win right now, you would stand to win $70 and return $90.
Odds as of March 10, 2025 at DraftKings Sportsbook. If you’re not currently betting at DraftKings, claim the best DraftKings promo code to start betting on golf at their sportsbook.
Here are some notes on the notable odds movement we have seen for the 2025 Masters.
- [March 10, 2025] Max Homa’s Masters odds have plummeted. Last year he was as low as +2800 to win the 2025 Masters, but now he is +8300 to win the first major. In six events this season, Homa has missed the cut in three of them and withdrew from one tournament.
- [March 10, 2025] Russell Henley has been playing great golf of late. He just won the Arnold Palmer Invitational and has finished in the Top 10 in four of six tournaments played in this season. Henley moved from +7750 to +6000 to win the 2025 Masters.
- [February 25, 2025] Viktor Hovland has had a rough start to 2025. In three events, Hovland has a T36 finish, a T22 finish, and then missed the cut at the Genesis Invitational. His Masters odds have moved from +2500 to +3400.
- [February 11, 2025] Sepp Straka has had a strong start to the 2025 season. In five events played, Straka has made the cut in every tournament, has four top 25 finishes, two top ten finishes, and a win at The American Express. He has moved to +8300 to win the Masters.
- [February 11, 2025] Scheffler’s odds continue to improve as we get closer to the 2025 Masters. He is now +370 to win the tournament. In 2025, Scheffler has played in two events and has one top ten finish. At Pebble Beach, Scheffler shot a -15, which was good for a T9 finish.
- [January 9, 2025] Xander Schauffele has moved from +1400 to +900 to win the 2025 Masters. Schauffele entered the 2025 PGA season ranked second in the OWGR.
- [January 9, 2025] Hideki Masuyama won The Sentry to open the 2025 PGA season and is now +2200 to win The Masters in 2025.
- [July 22, 2024] Xander Schauffele won The Open in 2024, which was his second major of the season. Schauffele’s odds to win the 2025 Masters moved to +1300 after opening at +1800.
- [July 22, 2024] Davis Thompson has come onto the scene with +10000 odds to win the Masters in 2025. Thompson won the John Deere Classic in early July, had a T2 finish at the Rocket Mortgage Classic, and finished in the Top 10 at the US Open.
- [June 18, 2024] After winning the 2024 US Open, Bryson DeChambeau’s odds to win the 2025 Masters moved from +2650 to +1600.
- [April 14, 2024] Xander Schauffele won his first major, winning the 2024 PGA Championship. Despite this, his 2025 Masters odds have not changed, and he is still +1800 to win in Augusta.
- [April 14, 2024] After winning his second green jacket, Scottie Scheffler opened as the heavy favorite to win the Masters again in 2025.
Tiger Woods Masters Odds 2025
Tiger Woods opened at +1300 to win the Masters in 2025 but is now off the board after having surgery for a ruptured Achilles. He sustained the injury while ramping up his training for the Masters at home and is now out indefinitely. His latest odds were +1300.
In 2024, Woods played in five events: The Genesis Invitational and the four majors. He withdrew from the Genesis Invitation after Round 1 and missed the cut in every major except for the Masters. Woods finished 60th in the 2024 Masters with a score of +16.
Tiger has won the Masters five times with the latest one being in 2019. He also won in 1997, 2001, 2002, and 2005. Woods has won the second-most Masters tournaments, and only trails Jack Nicklaus, who won six times.
Masters Pre-Tournament Odds
There are two types of odds in golf that players can wager in, including pre-tournament odds and live odds during the tournament. Specifically, Pre-Tournament Masters odds can provide great value to bettors on the eventual winner if they place a bet before competition begins.
Take previous champion Hideki Matsuyama’s winning round as an example. His 2021 Masters odds were as long as +4500 before competition began, and shortened to +1900 by Saturday before going in to the final round as a -118 favorite.
By betting on Masters Pre-Tournament odds, you’ll get more bang for your buck as a bettor rather than waiting and seeing who plays well during the opening two rounds of competition.
Live Betting at the Masters
Conversely, if your pre-Masters bets fail to make the cut or aren’t playing well, there’s plenty of success that can be had live betting at the Masters.
While the odds are constantly shifting during play, at the conclusion of each round is a perfect time to look up different stats and betting trends to make smart, in-play Masters bets.
Checking on the live leaderboard for score, data such as strokes gained in driving, approach, and putting are also usual harbingers of success at Augusta National. Live betting a player who’s poised to get up the leaderboard on Saturday or Sunday early in the Tournament can lead to a big payoff for bettors.
Masters Betting: Best Golf Betting Promos
While there’s plenty of bets to make in traditional Masters odds, as well as Masters props – many sportsbooks offer special sports betting promos for the Masters.
These can include odds boosts on some of the top players to win the Masters, special props with enhanced odds for expected outcomes like top 10 players to make the cut, as well as other offers come Masters week.
See some of the best Masters promo from the top online sportsbooks below:
- BetMGM Sportsbook promo code
- FanDuel Sportsbook promo code
- DraftKings Sportsbook promo code
- Caesars Sportsbook promo code
Masters Betting Strategy
When betting on the Masters, your strategy shouldn’t stray too far from the norm of how to bet on golf.
Course history and past performance do tend to come into play more at Augusta National than other majors and tournaments, as institutional knowledge is paramount to success at the Masters.
Knowing that, it can be beneficial to bet on former champions and players that have a history of success in the Masters to either win outright, finish within the top five, ten or 20 or even something as simple as making the cut.
Another one of the Masters betting trends to note is that it is near impossible to win the event in back-to-back years as it’s only been accomplished three times: Jack Nicklaus in 1965-66, Nick Faldo in 1989-90 and Tiger Woods in 2001-02.
OWGR Top Ranked Golfers
The OWGR formula is complex, and can lead to certain players being within the top ten or fifteen in the rankings – but outside even the top 20 in Masters odds as well as the odds for other golf majors.
Past Masters Winners Odds
One of the great Masters traditions is allowing all past champions to compete, regardless of age and current skill level. Because of that, you’ll see some of these former champions who are in their 50s and 60s listed at odds of 100-1 or longer.
Masters Winner by Year: Past 10
| Year | Champion | Country |
|---|---|---|
| 2024 | Scottie Scheffler | United States |
| 2023 | Jon Rahm | Spain |
| 2022 | Scottie Scheffler | United States |
| 2021 | Hideki Matsuyama | Japan |
| 2020 | Dustin Johnson | United States |
| 2019 | Tiger Woods | United States |
| 2018 | Patrick Reed | United States |
| 2017 | Sergio Garcia | Spain |
| 2016 | Danny Willett | England |
| 2015 | Jordan Spieth | United States |
Scottie Scheffler won the most recent Masters tournament.
Masters Tournament FAQs
What are the current odds for the Masters tournament?
Scottie Scheffler is given +450 odds to win The Masters, with Rory McIlroy given +1100 odds and Jon Rahm at +1200 to round out the top three contenders.
Who is the favorite to win the Masters?
Scottie Scheffler is currently the favorite to win the 2025 Masters.
Can I bet on multiple golfers to win the Masters?
Yes, bettors can wager on as many golfers as they like.
What is the difference between pre-tournament odds and in-play odds?
The pre-tournament odds are only available before the first golfer tees off on Thursday morning. Typically, there is a little less juice on pre-tournament futures than in-play odds, but these days the difference is negligible. Some sportsbooks will open new types of wagers once the tournament begins, such as odds to birdie/par/bogey the next hole.
How do I place a bet on the Masters?
The first thing you need to do is register at an online sportsbook that is legal in your region. Then all you need to do is navigate to the golf section of your preferred site and the Masters odds will be front and center. Click on the odds associated with the golfer you want to bet, which will load that wager into your bet slip. From the bet slip, confirm the amount you wish to risk and then lock in your bet.
Can I bet on things other than the outright winner, such as top-5 finish or head-to-head matchups?
Absolutely. The list of Masters props seems to grow each and every year. Top-three finish, top-five, top-ten, make the cut, miss the cut, first-round leader: these are just a handful of the wager types that bettors can make on the 2025 Masters.
Are there any special promotions or bonuses for betting on the Masters?
Yes, every major sports betting app offers enticing signup bonuses for new users, and each will also offer some odds boosts or bonuses for all-users when the 2025 Masters come around.
Archived Masters Odds:
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Social Media Manager; Sports Betting Personality & Handicapper
Zach has been involved in the sports betting industry for three years. After starting to bet on sports in college, Zach was interested in how it can make any game interesting. The trends, line movement, and finding unique angles to predict the outcomes of games captivated Zach to get more involved.
