Insider’s Guide to Betting on the 2024 Masters: Tips You Can’t-Miss

PGA Tour Masters Logo - Augusta National Golf Club

Have you ever wondered what secrets the betting pros and insiders use to make their wagers on the PGA Tour Masters? Not just a shot in the dark but a calculated play to win? Well, wonder no more—you aren’t in the ruff; you are in the right place.

Betting on golf, especially a tournament as prestigious as the Masters, isn’t only about picking a favorite duffer. It’s an actual art form that combines strategy, great intuition, player stats, and an understanding of the odds in a way that can really pay off.

We have the insider’s guide to betting on the 2024 PGA Tour Masters with tips you can’t miss—next stop, Augusta!

Knowing and Understanding the Odds

First up: you need to get a good grip on how the odds work—odds aren’t just numbers—they are about how the betting world views each golfer’s chances. For the uninitiated, it can feel a little like trying to read Latin, and you didn’t take high school Latin. But once you get the hang of it, you’ll be able to see the odds as a map to making smart and informed bets!

Insider Betting Tips

  • Look Past the Favorites: Betting on the top players sure seems like a safe bet, but the real potential lies in spotting the underdogs who have the potential to surprise everyone. History is filled with dark horses who have turned the tables, and their odds come with a much more attractive payoff.
  • Consider the Conditions: The Masters is as much about the conditions as it is about the competition. Players who perform well in practice rounds and have historically played well at Augusta National are often safer bets. Keep an eye on weather reports, too; wind and rain can change or even upend the tournament.
  • Specialize Your Bets: Instead of just betting on the winner, look into other types of bets. Betting on a player to finish in the top 10, for example, means better chances and still yields a good return. Prop bets, like betting on the best-performing rookie or top former winner, add another fun element that could pay off.
  • Stay Informed: Being up-to-date with the latest news, player injuries, and performance trends gives you the best l insights. Sometimes, a player’s odds might not fully reflect their current form or potential, and savvy bettors can capitalize on this.
  • Manage Your Bankroll Wisely: It’s easy to get carried away, especially with the Masters, so decide on a budget you bet and stick to it—bet within your means and do not jeopardize your financial well-being.

Reading the Odds for a Winning Bet

Interpreting the odds effectively is so much more than just understanding the numbers; it’s about reading between the lines. A sudden change in odds means there could be changes in player conditions, public betting behaviors, or even insider knowledge that had come to light. By keeping a close eye on these changes, you can make bets that are not only smart but strategic!

The Masters Players and Odds

Now that we have covered the betting basics, it’s time to find out 2024 PGA Tour Masters predictions, insider picks, odds, and prop bets so you can get your bets in before the players tee off on April 11 at Augusta National in Georgia!

The Favorites

The odds below are posted on the DraftKings Sportsbook betting site and app.

Top Pick: Scottie Scheffler: +500 to win outright

Scottie Scheffler

Scottie Scheffler is the front-runner for this year’s Masters, and it’s easy to see why. Over the last 12 months, Scheffler has dominated the golf scene, even with a less-than-stellar performance from his putter. Lately, however, Scheffler has been getting a grip on his putting game, making him an even more formidable opponent. Personally, we are a little hesitant to place a bet on Scheffler at those odds. With a +400, Scheffler’s odds are reminiscent of the kind of expectations once placed on Tiger Woods going into tournaments. In fact, some betting platforms are offering wagers on Scheffler against the entire field.

While there’s no denying Scheffler’s top-tier status in golf right now, the +400 odds don’t present much value in our opinion. It might be worth waiting to see if the first round brings any surprises and if Scheffler doesn’t start strong, which could offer a more attractive opportunity for a live bet. However, pre-tournament betting at +400 for a major victory doesn’t look appealing at the moment.

Rory McIlroy: +1000

Rory McIlroy

Heading into Augusta with the second-highest odds is Rory McIlroy from Ireland, who is on a quest to secure a Masters victory to cap off his career grand slam. Rory’s pursuit of the Masters title has been a long one, marred by various challenges, including slow starts and inconsistent putting, fueling his determination to clinch the career slam. Approaching his 35th birthday next month, Rory’s chances aren’t gone, but the emergence of new, young talent in golf means his chances might be diminishing.

So far in 2024, Rory has shown commendable form, participating in five events, making the cut in all of them, and finishing in the top 25 in four. Despite these strong performances, we are cautious about his prospects for a breakthrough win at Augusta; he’s a boon for the sport and engages in the dynamics between the PGA Tour and LIV.

For golf lovers, Rory getting the grand slam and triumphing at Augusta would be a profoundly compelling narrative—but if he faces early difficulties, the prospect of more attractive live betting odds might pop up.

Jon Rahm: +1300 to win outright

Jon Rahm

As the reigning champion of the Masters, Jon Rahm enters this week as one of the top picks, with odds of +1200 before the tournament. Rahm is considered the world’s second-best golfer, despite experiencing some challenges since moving to the LIV tour. Nonetheless, Rahm will bring his fiery determination to Augusta in an effort to retain his championship.

Rahm’s performance in top ten finishes at LIV events doesn’t fully convey his readiness, considering these are shorter, no-cut events held on courses that generally don’t match Augusta National’s challenge. Despite this, he’s still regarded as the world’s second-best golfer, and getting odds of +1200 for a player of his caliber, especially one with a history of success on this course, is worth noting. Personally, we might not place our bets on Rahm due to the rarity with which golfers win the Masters in consecutive years—only Jack Nicklaus, Tiger Woods, and Nick Faldo have achieved this feat.

Brooks Koepka: +2100

Brooks Koepka

We are tempted to place a wager on LIV golfer Brooks Koepka than on Jon Rahm. Hear us out: Koepka has shown an almost uncanny knack for excelling in Majors. His nonchalant demeanor both on and off the green, has gotten mixed reactions, but we see it as a strategic aspect of his mental game, maintaining an air of detachment while consistently performing at a high level in major tournaments.

Last year, Koepka was in contention at Augusta but faltered towards the end, allowing Rahm to clinch the title. This experience has likely intensified Koepka’s determination to excel in majors, and with another opportunity at Augusta on the horizon, we expect him to be a strong contender for the green jacket. The odds of +1800 for Brooks are appealing, and a lot of betters plan to back him, confident in his ability to deliver a strong performance in Majors.

While outright bets may not be everyone’s preference due to their slim chances, another wager worth considering is Koepka finishing in the top 10, which stands at +180. This seems like a solid bet, given his consistent track record in Majors.

Jordan Spieth: + 2100

Jordan Spieth

The above players are the unmistakable favorites to clinch the win in Georgia, with Spieth emerging as their primary contender, a positioning that may catch some off guard, as indicated by the oddsmakers. However, the Texan’s recent form, including strong showings at The Sentry and Phoenix Open, supports this outlook. Additionally, his performance at last year’s Masters, where he secured a T4 finish and made a notable surge with a final round of 66, underscores his upward trajectory.

Xander Schauffele: +2400

Xander Schauffele

Xander Schauffele ranks high among fav golfers on the tour, yet some are hesitant to include him due to his challenges in sealing victories during crucial moments of big tournaments. But Xander’s performance in the 2024 season is too impressive to overlook. Participating in eight events so far, he’s made the cut in all of them, securing a spot in the top 10 in six. Currently standing as possibly the third or fourth top golfer worldwide, the odds of +2000 offer considerable value despite his history of missteps in the late stages of big competitions.

But Xander might overcome his past hurdles at Augusta—he draws comparisons to Sergio Garcia, who was among the elite for years before his breakthrough win at Augusta. Since 2019, Xander’s performances at Augusta have been notably strong, with placements of 2nd, 3rd, and 10th, though a missed cut in 2022 might give some punters pause.

And here are the latest odds (subject to change) field for all players, posted on SportsLine:

  • Scottie Scheffler +500

  • Rory McIlroy +1000
  • Jon Rahm +1300

  • Brooks Koepka +2100

  • Jordan Spieth +2100

  • Will Zalatoris +2100
  • Viktor Hovland +2100

  • Xander Schauffele +2400

  • Ludvig Aberg +2400

  • Patrick Cantlay +2800
  • Justin Thomas +2800
  • Cameron Smith +3100

  • Hideki Matsuyama +3100

  • Collin Morikawa +3100
  • Joaquin Niemann +3100

  • Wyndham Clark +3100
  • Matt Fitzpatrick +3600

  • Dustin Johnson +3600
  • Tony Finau +4400

  • Max Homa +4400
  • Brian Harman +4600
  • Shane Lowry +4600

  • Cameron Young +4600

  • Jason Day +4600
  • Bryson DeChambeau +4600

  • Sam Burns +5500

  • Min Woo Lee +5500

  • Sahith Theegala +5500
  • Tommy Fleetwood +5500
  • Sung-Jae Im +7500

  • Tyrrell Hatton +7500
  • Corey Conners +900

  • Tom Kim +9000

  • Justin Rose +9000
  • Patrick Reed +9000

  • Russell Henley +12000

  • Adam Scott +12000

  • Rickie Fowler +12000
  • Jake Knapp +12000

  • Phil Mickelson +16000
  • Harris English +16000
  • Sergio Garcia +16000

  • Tiger Woods +16000

  • Gary Woodland +19000
  • Keegan Bradley +19000
  • Si Woo Kim +19000

  • Chris Kirk +19000

  • Ryan Fox +19000

  • J.T. Poston +1900

  • Nick Dunlap +19000
  • Cameron Davis +19000

  • Thorbjorn Olesen +19000
  • Adrian Meronk +19000

  • Sepp Straka +19000
  • Nick Taylor +19000
  • Eric Cole +19000
  • Matthieu Pavon +19000

  • Emiliano Grillo +19000
  • Nicolai Hojgaard +19000
  • Luke List +21000
  • Adam Hadwin +21000

  • Charl Schwartzel +28000

  • Kurt Kitayama +28000

  • Bubba Watson +28000

  • Ryo Hisatsune +28000

  • Erik van Rooyen +28000

  • Danny Willett +34000

  • Denny McCarthy +34000
  • Lee Hodges +34000
  • Taylor Moore +43000

  • Adam Schenk +43000

  • Lucas Glover +43000

  • Grayson Murray +55000
  • Christo Lamprecht +55000

  • Mike Weir +100000

  • Jose Maria Olazabal +100000
  • Fred Couples +100000

  • Vijay Singh +100000

  • Zach Johnson +100000

  • Stewart Hagestad +100000

  • Jasper Stubbs +100000

  • Santiago De La Fuente +100000

  • Neal Shipley +100000

Long Shot Bets

Brian Harman +6600 via BetMGM: After Harman’s impressive win at the 2023 British Open and a strong T-2 showing at The Players Championship, his odds have been adjusted to as high as +6600 on BetMGM, with Caesars presenting the lowest odds at +3500.

Harman aims to join the ranks of the successful left-handed golfers who have previously won the Masters. His history at Augusta includes a T-12 finish at the 2021 Masters, followed by two consecutive years of not making the cut.

Tiger Woods +13000 via DraftKings: Tiger Woods’ odds for the 2024 Masters have seen an increase throughout the betting market following his withdrawal from the Genesis Invitational due to illness. According to odds converters, these adjustments equate to an implied win probability of 0.62%, which is still considered generous.

PGA Masters Prop Bets

Just like betting on the Super Bowl or other major sports events, the Masters offers a lot of prop bets, where you can wager on almost anything, including the following:

Leading Player by Nationality/Region

A fun prop bet option is wagering on which golfer will emerge as the top player from their home country or region. The Masters attracts a diverse field, with many participants hailing from the United States. However, golfers from across the globe, including Spain, Japan, Ireland, and the United Kingdom, also compete in this prestigious tournament. This type of bet lets you focus on a specific group’s best performer instead of the overall tournament winner.


In golf, few moments match the wow of witnessing a hole-in-one. Bookmakers often present this occurrence as a Yes/No prop bet. And since they are super rare, those who accurately predict a golfer landing one can reap huge financial wins. The likelihood, and thus the odds, fluctuate based on the course’s design, the total number of competitors, and other elements. During the Masters, punters have the option to place bets on whether a particular golfer will score a hole-in-one. For this type of bet, a payout occurs only if the specified golfer achieves it, unlike the broader market where a payout is secured if any competitor lands a hole-in-one.


Scoring an albatross, which means notching a two on a par-five hole, is an even rarer feat than making a hole-in-one. For golf bettors, landing a winning wager on such a rarity, often at odds around +2000, is super exciting.

Winning Score and Cut Line Predictions

Betting app sportsbooks set an Over/Under for the final winning score at the Masters, inviting bets on whether the champion’s score will fall above or below this threshold. A similar wager is available for predicting the cut line, which determines which players continue beyond the tournament’s midway point after the end of Day 2.

Additional Bets

The Masters has other prop bets and special categories, such as the top senior golfer, the leading left-handed golfer, and more. These betting options add a fun way to diversify your betting strategy beyond conventional bets!

Final Fore!

Betting on the 2024 PGA Tour Masters is an exciting way to up the ante of the celebrated tourney, combining the golf game with the cerebral challenge of strategic betting. By looking past the obvious, staying up-to-date, and managing your bets in a smart way, you can turn this prestigious event into an opportunity not just to watch some amazing competition but for significant monetary wins. Because in the world of golf betting, knowledge is more than power—it’s potential profit. Remember to bet responsibly!

Alyssa Waller Avatar
Alyssa Waller

Alyssa contributes sportsbook/online casino reviews, but she also stays on top of any industry news, precisely that of the sports betting market. She’s been an avid sports bettor for many years and has experienced success in growing her bankroll by striking when the iron was hot. In particular, she loves betting on football and basketball at the professional and college levels.