The Masters Betting & Odds

The green jacket. The lush Augusta greens interspersed with glorious lakes. The hum of an admiring and expectant crowd. There is nothing like the Masters.

It is the pinnacle of the sport, transcending it and capturing the imagination of onlookers in golf clubs and living rooms since it was first established in 1934.

Below, we take a look underneath the bonnet of The Masters golf tournament, some of the Masters betting tips and how it could all unfold this year.

Format of the Tournament

Unlike other major championships, which have larger fields of up to 156 players, the Masters 2024 tournament has a smaller field of around 90 players — that’s about 60% the size of the other three majors. This is due to the limited space and exclusivity of Augusta National Golf Club.

Play begins on day one on Thursday April 11, with the first two rounds all about players jockeying for position. The goal for most of the field is to stay in touch — but there are a few who will fancy their chances of leading from the front. More on those later.

After two rounds of play, the field is cut down to the top 50 players (including ties) plus any golfers within 10 strokes of the lead. This ensures that the weekend rounds are played by the best-performing players. The final two rounds are an old-fashioned golfing sprint to the finish line.

The Masters uses the traditional stroke play format, where the player with the lowest number of shots at the end wins. In case of a tie, the winner is determined by sudden-death starting at the 18th hole.

When & where is the Masters held?

This year, the Masters takes place at Augusta Golf Club in Georgia from Thursday, April 11 to Sunday, April 14.

Prize money at the Masters will be $18 million, the same amount as it was last year.

Who has won the Masters?

The Masters is one of the most sought-after tournaments in sport, let alone golf. However, only an exclusive club can claim to have won it.

In recent times, the championship has been dominated by Americans — indeed, since the turn of the millennium, 14 of the 23 winners have had the star spangled banner next to their names.

Jack Nicklaus has won the event a record six times with Tiger Woods (5) and Arnold Palmer (4) heading up the pack behind them. The current champion is Spaniard John Rahm.

Woods also holds the record for the biggest ever win in Masters history. His unbelievable triumph by 12 strokes in 1997 remains unbeaten — the closest any player has come since to this margin of victory is Dustin Johnson in 2020, where he won by five.

Other famous players to have got their hands on the Masters trophy include Bubba Watson, Phil Mickelson and Sergio Garcia, though notably Northern Ireland’s Rory McIlroy is yet to claim his first despite winning all three of the other majors at least once.

Who is playing in this year's Masters?

We will see a return to Augusta action by some of the world’s most renowned players. The likes of Woods, Rahm and McIlroy are all in action but the clear favourite is Scottie Scheffler who, at around 4/1, is the shortest odds of any golfer to win the Masters title since Woods in 2013.

Scheffler is the world number one and comes into the tournament off the back of two wins and a runner-up result in his last three outings — his favourite tag is justified.

Other odds for the Masters golf to look out for include the likes of Rory McIlroy at 10/1. He will be desperate to get off the mark here and will fancy his chances after a runner-up finish in 2021.

Another who catches the eye is Xander Schauffele at 16/1. He has plenty of form to burn, with six top 10s in eight starts this season, and has finished in the top 20 of the Masters in four of his six Augusta starts.

Of the longer odds to look out for, there are a few to note. If 10 years ago you would have said you could get odds of 120/1 on Tiger Woods to win the Masters, many a punter would have snapped your hand off. Injuries and form may have had some impact but there's potentially life in the legend yet and he has Nicklaus’s tournament record in his sights.

Keep an eye, too, on Wyndham Clark at 28/1. The American registered a US Open win at Pebble Beach recently and is a well-regarded player on tour despite having never played at Augusta in the Masters.

How to bet on the Masters golf

BetMGM offers a variety of options for betting on the Masters golf tournament. Here's a breakdown of how to place your bets and make the most out of your experience.

You can place bets on who will win the Masters before the tournament begins. This type of bet allows you to lock in odds early on, potentially giving you better payouts if your pick wins the tournament.

To place a bet on an individual golfer, simply click on their name in the "Outright" section of the Masters betting page. This will bring up a list of all available odds for that golfer. You can then click on the odds you want and enter your stake to place the bet.

If you want to bet on which country the winner will come from, go to the "Country" section of the Masters betting page. Here, you will find a list of all participating countries and their corresponding odds. Click on the country you want to bet on and enter your stake to place the bet.

In-play betting, also known as live betting, is placing bets while the tournament is already in progress. At BetMGM, you can place in-play bets on individual golfers to win the Masters as well as bets on various outcomes for specific holes or rounds.