The 2023 Masters Betting Guide

The PGA Tour has four major golf tournaments reserved only for the most elite players in the world. The Masters Tournament, the U.S. Open, the Open Championship, and the PGA Championship are major championships all of which, except the Open Championship, are played on courses located in the United States.

And while a major victory is considered the pinnacle of any professional golfer’s career, the Masters is considered by many to be the most prestigious tournament of all. American players routinely pack the field, but these exclusive golf events do not discriminate on one’s country of origin; the Masters is the most popular golf event of all year. The game of golf has world-class talent from around the world and you will find all of golfing’s superstars at these annual events.

Sports bettors have a wide range of props and head-to-head matchups on which to wager as well as the big board of Masters betting odds. You don’t have to be a member of the Augusta National Golf Club, or even a golfer for that matter, to get in on all the golf betting action. It’s all on display and available for your wagering consideration at all of the best online sportsbooks.

The Best Sportsbooks to Bet on the 2023 Masters

Betting on the 2023 Masters

Betting opportunities abound before and during the Masters tournament and this year will be no different. Naturally, the most popular bet is found in the outright winner market where odds are displayed on every participant to win the major title and the payoffs can be substantial, especially before the Masters commences as there is a wider range of choices before the cuts are made and the contestants begin to dwindle.

The best online sportsbooks like BetOnline, Bookmaker, Bovada, and Heritage Sports will offer Masters odds on a range of props that include in-play betting, pick finishes that include odds on the exact order of the finishes as well as odds on finishing in the top 10 positions, head-to-head matchups, and of course, an outright victory by the declared champion. Betting on the game of golf is never more exciting than when the best in the world are competing for a Masters title.

Reading the Odds for the 2023 Masters

Betting odds on the Masters, or any of the golf events on the PGA calendar, are easy to read. Before the tournament begins the Masters betting odds will show each player with a plus (+) sign in front of the odds ascribed to him.

All of these golf odds are based on a $100 bet, but wagers of all denominations are welcome and are based on this amount. For instance, Brooks Koepka +1800 means that a $100 bet on him will return a profit of $1800 if he wins the event.

Before your bet is placed, forecasting players’ chances based on their career wins and current form is essential in golf handicapping. The player pool and strength of the field at the major events will be as good as it gets, barring injuries that could preclude some of the world’s best golfers to attend.

The Masters differs from other golf majors in that it is played at the same course, Augusta National, every year, and even a career performance may not be good enough to capture golf’s most coveted title. It is important to evaluate player stats and how they perform against a strong field like the one they will be facing at any of these major tournaments.

Although betting on golf is a year-round hobby for many fans, and a weaker field will comprise many of the lesser PGA tournaments, there is nothing that can compare to betting on a tournament like the Masters where only the best of the best gets to compete.

Strategies for Betting on the 2023 Masters

Betting strategies on golf differ from one golf bettor to another. Naturally, player stats, career wins, and career performances at the course in question – in this case, Augusta National – comprise the rudimentary due diligence for forecasting players’ expected pick finishes based on the player pool.

It is important to include a range of props in your betting portfolio because just picking a winner is tough to do and limits the opportunities to hedge your bets as the tournament progresses. A form of parlay requiring two or more head-to-head matchups is always a good way to increase your return on investment as opposed to betting several of these props separately.

Betting action on the Masters takes on many forms. The marquee holes like the 11th, 12th, and 13th that comprise Amen Corner or the 16th hole, known as Rosebud, separate the contenders from the pretenders. Many golf betting sites will have their own form of a prop bet that could consist of how many eagles, birdies, pars, and bogies are at the end of a round. The bettor would then select over or under the posted total.

Although uphill holes are challenging, a hole like Rosebud can pose the most difficulty, as it is played entirely over water to a green that is surrounded by three sand traps with a right-to-left pitch on the putting surface.

The betting handle on these iconic holes alone is substantial but surprise betting is when a sportsbook will give certain customers a free bet that is made by the book on behalf of the customer. It’s a no-lose situation for the bettor, as it is no risk and all reward if the surprise free bet wins.

Payouts for the 2023 Masters

Like any major golf tournament on the PGA tour, The Masters attracts quite a bit of attention, and golf bettors all around the world will be waiting to make their wagers when it begins on April 6th through the 9th of 2023. A poor finishing position by a favorite will see many bettors lose their money as the public tends to bet on household names. Below we can see the early Masters betting odds for the top 10 betting favorites in the 2023 Masters.

  • Jon Rahm +1100
  • Justin Thomas +1100
  • Rory McIlroy +1100
  • Cameron Smith +1200
  • Scottie Scheffler +1200
  • Dustin Johnson +1400
  • Collin Morikawa +1800
  • Brooks Koepka +1800
  • Patrick Cantlay +2200
  • Xander Schauffele +2500

Remember, the tournament favorite is likely to change as tee times draw closer.

The official finish of the Masters will signal when the sportsbooks can release funds for all winning bets. Depending on the offshore sportsbook with which you are doing business, payouts can be issued within a day if using cryptocurrency but a wire transfer or bank check may take 3 to 5 business days.

As long as you are doing business with a reputable offshore sportsbook then your wagers will be paid if they win and your financial transactions will be secure. However, not all online sportsbooks are trustworthy so make certain to research the sportsbook before you decide to fund an account. Because there are plenty of predatory books out there that are only in business to take your money and nothing else.

Not all sportsbooks are created equal and you should also know that sportsbooks have their own set of odds on the Masters so don’t limit your choices to one sportsbook. It is important to have accounts at two, three, or even more sportsbooks so you are not forced to take whatever your main book is giving you. Look at the odds at your other sportsbooks and choose the one that is giving you the most generous price.

Previous Masters Winners

Notching a major victory is an enormous accomplishment for a professional golfer and it doesn’t get bigger than the Masters. Many of golf’s elite players have never had the honor of wearing the Masters Green Jacket and to do so is reserved only for those whose names will be etched among the greatest to ever play the game. Player stats do not rival titles and those who win the major events are those that will be remembered long after their competitive playing days are over.

Masters Winners Since 2000

2000FijiVijay Singh
2001United StatesTiger Woods
2002United StatesTiger Woods
2003CanadaMike Weir
2004United StatesPhil Mickelson
2005United StatesTiger Woods
2006United StatesPhil Mickelson
2007United StatesZach Johnson
2008South AfricaTrevor Immelman
2009ArgentinaÁngel Cabrera
2010United StatesPhil Mickelson
2011South AfricaCharl Schwartzel
2012United StatesBubba Watson
2013AustraliaAdam Scott
2014United StatesBubba Watson
2015United StatesJordan Spieth
2016EnglandDanny Willett
2017SpainSergio García
2018United StatesPatrick Reed
2019United StatesTiger Woods
2020United StatesDustin Johnson
2021JapanHideki Matsuyama
2022United StatesScottie Scheffler

One of the favorites in the 2023 Masters is Xander Schauffele, who was also an Olympic golf medalist, taking home the gold for the United States in the 2020 Tokyo Olympics. He would become the first-ever Olympic gold medalist and Masters champion if he is successful in 2023.

Frequently Asked Questions About Betting on the 2023 Masters

Where will the 2023 Masters be held?

The Masters is the only major golf tournament on the PGA Tour where the venue remains the same. Augusta National Golf Club is that hallowed track located in Augusta, Georgia and it has been that way since the initial Masters was played way back in 1934.

When will the 2023 Masters be held?

Prospective bettors will have their chance when the Masters begins on Thursday, April 6th, and runs through Sunday, April 9th of 2023.

Has anyone ever won the Masters for two (or more) consecutive years?

There have been 17 golfers who have won multiple Masters titles but only Jack Nicklaus (1965-1966), Nick Faldo (1989-1990), and Tiger Woods (2001-2002) have won it in consecutive years. Jack Nicklaus holds the record of six Master titles.

What was the lowest winning score of previous Masters?

Dustin Johnson owns the record with a four-round score of 268, which was 20 under par for all four rounds, and he accomplished this career performance in 2020.

What was the highest winning score of previous Masters?

The legendary Sam Snead won the Masters in 1954 with a 289, which was one over par for four rounds. In 1956, Jack Burke Jr. tied Snead’s 289 high and in 2007 Zach Johnson joined the duo with a 289 of his own.