Masters Golf Betting: Top Sportsbooks & How to Bet

As commentator Jim Nantz always says, the Masters are a tradition like no other. The tournament is actually the newest of the four majors on the PGA tour, but it is arguably revered more than the other three combined. It is notable for being one of the few tournaments on the tour that is played at the same course, Augusta National in Augusta, Georgia, year in and year out.

If you want to double down on the fun during Masters weekend by doing a bit of Masters golf betting, you’ve come to the right place. Going through our US Masters golf betting guidelines will give you the leg up you need to not only enjoy watching the best of the best on the biggest stage, but also add a little action for yourself.

We’ll go over everything from tournament history, to US Masters golf betting tips, to strategies on how to choose which golf betting sites are for you and more.

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About The Masters

Masters Golf Betting

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.

How to Bet on the Masters?

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.

Popular Masters Golf Betting Markets

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.

Masters Golf Betting Strategies

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.

Top Masters Golf Betting Sites

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.

Sports Interaction

One of the premier online sportsbooks in Canada just got better with the recent addition of their mobile betting app, though it is only available in Ontario. Sports Interaction also offers great coverage with tons of PGA and Masters bets as well as live betting and early cash out features.

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Betway sportsbook

Operating on a smooth and sleek interface, Betway is always a great option for Masters golf betting because not only do they offer a really nice variety of betting types, they also have some of the best odds in the business. They have tons of prop betting options as well as live betting, early cash out, and live streaming for select events.

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A solid mobile app, a fast and easy-to-use online interface, and great Masters golf betting coverage makes 888Sport a contender for any big golf bettor. They also offer one of the widest ranges of live betting options as well as an impressive offering of live streaming for various events.

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If mobile speed and performance is a big deal for you, LeoVegas is definitely worth a look. They offer their services in both English and French, they’ve got more live streaming options than most other sportsbooks, and their award-winning mobile platform also features live betting and early cash out.

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You can’t go wrong with any of these five sportsbooks, but if we had to choose one to recommend for someone who would be using their account to bet mostly on golf, it’s BetVictor. They’re one of the only sportsbooks that offers live streaming of PGA events and they supplement that with great US Masters golf betting coverage and excellent odds.

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Breaking Down the Four PGA Tour Majors

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.

Golf Betting Masters FAQs

Who has won the most Masters titles?

Arguably the three best golfers of all-time rank in the top three for wins at Augusta. Jack Nicklaus has won it the most, taking six titles over a span of about a quarter century, Tiger Woods has won five times, and Arnold Palmer won four times from 1958 to 1964.

Has the Masters always been played at Augusta?

Augusta National is one of the rare golf courses in the world that hosts a major event annually, and it’s been the same one every year since 1934, the Masters. It is the only PGA Tour major that is always played at the same course.

What are the best golf betting apps?

There are a lot of great golf betting sites nowadays and most of those options will have a mobile app. We would recommend scrolling up and taking another look at our top five list of the best sportsbooks for Masters golf betting.

What is a nationality bet for the Masters golf betting?

A nationality bet is a bet on a golfer from a certain country or region to finish with the best score among golfers from that same region or country. For example, you can bet on Rory McIlroy to be the top European, or you can bet on Brooks Koepka to be the top American, etc.

Who won the most recent Masters tournament?

Spaniard John Rahm won the 2023 Masters with a total score of 276 and a 12-under par final score. He finished with a four stroke cushion at the top over Brooks Koepka and Phil Mickelson.

When is the next Masters tournament going to be held?

The Masters have always been played in April, with the exceptions of the first tournament in 1934, which took place in March, and 2020’s COVID-delayed tournament, which was played in November. The final round nearly always takes place on the second Sunday of April, which would mean the 2024 edition of the Masters would take place from April 11th to April 14th.