Masters Golf Betting: Top Sportsbooks & How to Bet

Because of the fact that the Masters, which was founded in 1934, takes place at Augusta National Golf Course every year, the course has taken on a life of its own as one of the most famous in the world. The traditions practiced at the Masters at each tournament also help set it apart from the rest of the events on the PGA Tour.

There are the vaunted green jackets that the previous year’s winner drapes on the shoulders of the most recent winner, the classic post-Masters interview at Butler Cabin with the champion, and the Champions Dinner, which was inaugurated in 1952 by Ben Hogan, which is open only to past champions and certain Augusta employees.

The Masters is the first of the four major tournaments on the PGA Tour to be played every year with the final round being played on the second Sunday of April, serving as something of an opening salvo for the upcoming golf season.

There’s a lot that goes into winning sports bets, and while a lot of it is going to be dumb luck, there’s a lot you can do to give yourself a better chance at winning big! One of the most important things you can do is take your time and do your research concerning which golf betting app you’re going to use, because it will have a major impact on how much you win.

Creating yourself an account is usually pretty simple when signing up with most of the reputable and popular sportsbooks. Simply register with your personal information, deposit the funds you’ve set aside for your Masters golf betting, do your research, place your bets, and get ready to win big!

What to Look for in A Sportsbook?

To help give you an idea about what you should be looking for in your prospective golf betting sites, we’ve put together a short list of some of the most consequential aspects of sportsbooks that you should be considering. 

• Masters Golf Betting Coverage → If you’re specifically looking to bet on Masters golf then the top priority when window shopping is to see how dedicated they are to golf. You’ll want to see a lot of different betting markets related to golf including live and futures options. You also want good odds that are offering more value on golf bets in general.
• Compatible Banking Options → Betting is like a lot of stuff in the world, it’s all about money. So, if you sign up with a sportsbook that charges you fees for deposits or doesn’t take your preferred secure banking method, the whole exercise is pointless.
• Masters Bonuses & Promotions → Sportsbooks will show which sports are more important to them by offering additional bonuses and promotions on those events, such as the Masters. These sportsbooks will allow Masters bettors to take advantage of free bets and odds boosts before and during the tournament.
• New Features → You also want to make sure the sportsbook you’re joining up with has all the latest gadgets. These include fast live betting options, early cash out availability, and live streaming of events. There are some Canadian sportsbooks that offer live streaming of smaller PGA events, including BetVictor, so those are worth checking out.

Now that you have some guidelines on how to find the right sportsbook match for you, it’s time to move on to the question of what you will be betting on. Here are the most common betting markets you can test out while betting on the Masters.

• Outright → A simple bet on who you think will win the tournament. You can also do an outright each-way bet, which places simultaneous bets on your golfer to win while also placing a separate bet on that golfer to finish in the top five at a quarter of the odds.
• Nationality → This is a wager on which golfer from a certain country or region will finish with the best score of all players from that country or region. For example, you can bet on Rory McIlroy to be the top European or top Brit, or bet on Brooks Koepka to be the top American, and so on.
• Make The Cut → Here, you’re betting on whether or not you think a golfer will make the cut and play rounds three and four.
• Hole In One → A bet on if any player will hit a hole in one during the tournament. There are about a dozen on the PGA Tour every year, making this a fun one to root for. There have been 27 hole in ones in the history of the Masters, with 18 of those coming on Hole 16.
• Top 5/8/10 Finish → Instead of betting on someone to win, you can also lower your risk and reward by betting on a golfer to finish in the top 5, top 8, or top 10.
• Round Leader → A bet on which golfer will be at the top of the leaderboard after a particular round.

You’ve got to do some research on trends and come up with a plan or a strategy to go about your Masters golf betting if you want to come out in the black. Here are a few recent trends and helpful strategies to get you started.

• Check The Forecast → The weather can have a massive effect on a weekend of golf, and with players starting at all different times of the day, a peak at the full detailed daily forecast could help you find value with a golfer who gets to play in better conditions than others.
  
  
• Repeat Winners Are Rare At Augusta → 2023 Masters champion Jon Rahm is the early favorite to win it again in 2024, but a bet on the Spaniard might not be a great choice.
  
  There have been 16 different champs in the last 17 years, and a golfer has won back-to-back Masters just three times since 1934: Jack Nicklaus in 1965-66, Nick Faldo in 1989-90, and Tiger Woods in 2001-02.
  
  
• Peep The Form → It’s all about form in sports. A golfer could have a great history but if they enter a tournament without any good results recently, they could be a dicey bet.
  
  In fact, 11 of the past 12 Masters winners had already earned a top five finish during that season, including 2023’s winner Jon Rahm, who had four top 5 finishes in 2023 before his win at Augusta.
  
  
• Course vs. Man → Another important thing to consider is how certain golfers fare at different courses. Since the Masters is always at Augusta, it’s a lot easier to keep track of past finishes at the Masters than it is for other tournaments that change venues every year.

The most recent Masters was the 2023 edition in which Jon Rahm came back in dramatic fashion on the final day to swipe the green jacket from leader Brooks Koepka, who ended up finishing four strokes back and tied in second with Phil Mickelson. Rahm became just the fourth Spaniard to win the Masters and did so after coming back from two shots back on Sunday.

The wealth has been shared at the Masters in recent years, with 16 different golfers winning the tournament in the last 17 years. If you’ve been watching a golfer in good form leading up to the Masters that hasn’t won it before, that could be a shrewd bet based on recent trends.

What Type of Golfer Succeeds at The Masters?

Unlike every other major and nearly all other tournaments, the Masters is played every year at Augusta National, which means we can take a look at what kind of course it is and what kind of golfer tends to do better at that course.

The greens on the course are immaculately maintained by the grounds crew, which allows for fast and hard rolling surfaces, which would tend to give a slight advantage to the guys hitting the ball with a little more control. The course architects were inspired by the Old Course at St. Andrews in looking to emphasize putting and ground game. However, one of the founders, Clifford Roberts, was not of the same mind and made many alterations to the course over the years.

At least six of the holes also favor someone offering a right-to-left shape on the tee, such as Jordan Spieth. This basically means that golfers who can put a nice right to left curve on their ball will have it easier. Guys with polished putting, pitching, and wedge games usually have a leg up on the competition.

Latest Winners of The Masters

There have been a lot of new green jackets added to Augusta’s specially designated cloakroom recently, with only one golfer, Bubba Watson, having won more than one Masters since 2007. Here are the last 25 winners of The Masters.

There are tons of options online when it comes to the best sports betting sites, but the key to having success in Masters golf betting is digging through all the rubbish to find the sportsbook that works best for you and your preferences.

To save you some time, we’ve listed our top five sportbooks with a quick breakdown of what they’re bringing to the table.

The PGA Tour has events nearly every weekend, but there are some that matter a lot more than others. There are four annual major championships which are the most prestigious and watched of the year while also serving as touchstones for the season as a whole.

The Masters - The first major of the year since it was founded in 1934, the Masters has taken place on the second weekend of April at Augusta National Golf Course in Augusta, Georgia nearly every year without fail.

The winner gets to join the pantheon of Masters champions and get fitted for their own famed green jacket. Jack Nicklaus holds the record for most wins at the Masters with six, with Tiger Woods right behind him on five.

PGA - The second major of the season is the PGA Championship, which was founded in 1916 and is played at a variety of courses across the Eastern and Midwestern United States. It is now played on the weekend before Memorial Day weekend in May, but before 2019, it was played in late August as the final major of the year.

More than half of the PGA Championships have been played at a course in the East North Central or Mid-Atlantic regions of the United States. Nicklaus has won a record five PGA Championships, with Woods once again right behind on four.

U.S. Open - Founded in 1895, the U.S. Open is the third major of the year, generally contested some time in June at a wide range of American golf courses all over the country which usually place a premium on difficult scoring and accurate driving.

Willie Anderson, Bobby Jones, Ben Hogan, and Jack Nicklaus are all tied for the most U.S. Open wins with four. The upcoming 123rd U.S. Open will take place at Los Angeles Country Club from June 15th to June 18th.

British Open - The fourth and final major of the PGA Tour calendar is the legendary British Open. Also called The Open Championship or simply, The Open, it was founded in 1860 in Fife, Scotland, and is the oldest golf tournament in the world, with the 151st edition taking place from July 20th to July 23rd at the Royal Liverpool Golf Club in Merseyside.

The Open is not played at the same course every year, but over a third of them have been played at either St. Andrews or Prestwick, both of which are in Scotland. Harry Vardon holds the record for the most wins at the British Open with six, all of which came before the start of the First World War.