US Masters Betting 2023
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Last Updated: Welcome to the definitive US Masters betting guide, where our team provides expert tips, strategy and latest odds. Check out some of the leading golf betting sites for Masters betting below.
How to Bet on The Masters
When it comes to US Masters betting online, it’s really simple to place a bet on the market of your choice. First, you need to have an account with a betting site - and this needs to be funded.
Once you have a funded betting account, you can go ahead and place your bets. Simply click or tap on the 'golf' section in the sports menu. Most online bookies will have a list of sports in alphabetical order, which can generally be found on the left-hand side of the screen.
From there, you can access Masters betting markets. Tap on the selection that you want to bet on and this will be automatically added to your online bet slip, usually appearing on the right-hand side of the screen.
When you are happy with your selection(s) and want to place the bet, decide the stake that you want to wager and you'll see the amount of money your Masters bet will potentially return if it wins. You can then go ahead and confirm your bet. A cash out value is often made available as soon as the bet has been placed.
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US Masters Betting Tips
Masters Golf Betting Markets
Here are some of the most popular markets that you'll find at the leading Masters betting sites and betting apps.
- Outright Winner: This is the market that allows you to bet on the player you think is going to win the Masters. You can bet on the win market and on the each-way market, which gives you a return if your player finishes near the top of the leaderboard.
- First Round Leader: Bet on which player will be leading after the first round. There is also the chance to bet on the leader after the second and third rounds.
- Top 5, 10 or 20 Finish: You can simply bet on a player to finish high up the leaderboard with this type of bet. Many bookmakers have markets for top five, top 10 or top 20 finishes.
- To Make the Cut: Here you can bet on a golfer to make the weekend cut at the Masters. A yes/no option also allows you to back players to miss the cut.
- Hole-in-One: Many betting sites allow you to bet on whether there will be a hole-in-one recorded over the four days of the Masters, while you can also bet on specific players to make a hole-in-one at long odds.
- Three-Ball Betting: Once the groups have been announced for the first two days of the Masters, there’s the chance to bet on a player to outperform his playing partners on each day.
- Top American/European/Asian/Rest of World: You can choose to narrow down the field by betting on the top-performing player from a specific region.
US Masters Betting Offers
There are a wide range of US Masters offers that can improve your betting experience. We’ve outlined some of the best types of Masters betting offers below, so you know what to expect.
Extra Each-Way Places
The leading US Masters betting sites are always competing to offer the best each-way golf betting terms in the business.
Quite simply, if you want to bet each-way on the outright market, then you should aim to find a bookmaker that is paying out at least six places. It might be that you can get up to 10 places, although the odds will usually be divided by five rather than four when that many places are being paid.
Price Boosts
You will find Masters price boosts available with many of the leading Masters betting sites. A bookmaker might typically select some of the leading players and provide enhanced odds on them winning the tournament.
You might also see boosted odds on players making the cut and on a variety of other markets when searching for Masters golf betting offers.
Masters Money-Back Specials
Sometimes a bookie will refund your stake if the player you've backed fails to make the cut and that’s always a nice bit of insurance if you don’t get a run for your money. We have also seen online bookmakers paying out on a player as the winner if they hold a big lead after three rounds.
It's always worth shopping around during the Masters to compare the unique specials different betting sites are offering.
US Masters Betting Tips
When using your Masters betting offers to wager on the action, there are a number of different approaches that can be taken. Here are some of the most useful Masters betting tips that have worked for us over the years.
Create a Shortlist of Each-Way Picks
If you only back one player to win the Masters, then it’s a tall order for him to triumph against everyone else in the field. However, the betting odds are so big that you can bet on a handful of golfers each-way and the odds will still be worth taking.
Many bettors will compile Masters tips from popular online golf tipsters, before choosing four or five players and placing each-way bets to get a real run for their money.
Study Each Player’s Masters Record Before Betting
Augusta National is a course like no other and certain players are course specialists when it comes to the Masters. When creating a shortlist of players to back, study how each player has previously performed in this tournament.
Pay special attention to those who already have a green jacket in their locker at Augusta, as they have demonstrated what it takes to win.
Back Players in Form For The Masters
While it’s good to know which players have performed well at Augusta in the past, if they are out of form and missing cuts on a weekly basis, they probably aren't worth backing.
A useful betting tip is to look at tournament results in the lead-up to this first major of the year before identifying in-form players.
Consider Betting on Three-Balls & Two-Balls
You can make money on US Masters betting without backing the green jacket winner. Each player is part of a three-ball grouping in the first two rounds, which means you can bet on the golfer who achieves the best score out of each trio. This is a great option if you reckon a certain player will outshine his playing partners.
The same applies for two-ball betting on the third and fourth rounds of the tournament.
Masters Course & Tournament Information
📅 When? Thursday, 6 April–Sunday, 9 April 2023
⛳ Where? Augusta National Golf Club
➖ Par: 72
📏 Course Length: 7,475 yards (6,835m)
🏌️ Defending Champion: Scottie Scheffler
💰 Total Prize Fund: $11,500,000
🏆 Winner's Share: $2,070,000
US Masters Betting Trends
When attempting to back the US Masters winner, there are a number of betting trends that can help narrow down your shortlist of players. It’s often the case that the eventual green jacket winner will have met the below criteria.
- American Players: In seven of the past 11 renewals, the champion has been from the USA. It’s almost certain that a couple of American golfers will compete near the top of the leaderboard.
- Players Ranked 1-25 in World: Trying to find the Masters winner isn’t as difficult as it is with the other three majors. It’s a smaller field and the past 11 winners have all been in the top 25 in the world.
- Players Ranked 1-20: You can even narrow things down further on the basis that nine of the previous 11 winners have been 20th or higher in the world rankings. Only Hideki Matsuyama and Patrick Reed bucked this trend.
- Greens In Regulation: If you’re betting in-play, you want to be looking for players who are hitting the green in regulation time and time again. Both Tiger Woods and Dustin Johnson were number one for this category in 2019 and 2020 respectively.
- Big-Hitting Doesn’t Always Pay: While Dustin Johnson’s length off the tee was undoubtedly an asset in 2020, it’s worth noting that Woods and Matsuyama were well down the driving distance pecking order for their recent successes.
- Don’t Rule Out Non-Major Winners: In recent years, many first-time Masters champions have also broken their major duck at Augusta, including Scottie Scheffler (2022) Hideki Matsuyama (2021), Patrick Reed (2018), Sergio Garcia (2017), Danny Willett (2016) and Jordan Spieth (2015).
- Winner Likely to Need -9 Or Better: In nine of the past 11 Masters tournaments, the winning score has been -9 or better. Only Danny Willett (-5) and Bubba Watson (-8) have triumphed with worse scores.
Masters Tournament History & Traditions
The Masters Tournament was established on 22 March 1934, with amateur champion Bobby Jones behind the creation of this competition. This has always been an invitational event, which means that the field is significantly smaller than in the other three major golf tournaments.
Previous winners of the green jacket have a lifetime invite to The Masters, while winners of the other three majors receive a five-year Masters exemption and those who win The Players Championship get a three-year exemption. The top 50 players in the Official World Golf Rankings are all invited to participate.
The Masters is probably the most iconic golf tournament in the world. Augusta National is a beautifully scenic course and each hole is named after a tree with which there is an association.
Amen Corner consists of holes 11, 12 and 13, named White Dogwood, Golden Bell and Azalea. This is regarded as the toughest section of the course and one of the most challenging stretches in world golf. Many great players have come unstuck here down through the years.
A green jacket has been awarded to the winner of The Masters since 1949 and is presented to the champion live on TV, from a hut known as Butler's Cabin. There has also been a Champion’s Dinner since 1952, where the previous winner sits down with fellow champions on the Tuesday of tournament week, chooses the menu and often selects dishes from his own region or country.
Jack Nicklaus is the most successful player in Masters history with six titles, while Tiger Woods has five Green Jackets, making him comfortably the most successful player of the modern era.
Tiger enjoyed a huge breakthrough success in 1997 when winning by an unprecedented 12 strokes, while he then achieved consecutive successes in 2001 and 2002 before a 2005 win. His latest win came as recently as 2019 and was hugely emotional, following his comeback from injury nightmares and a high-profile cheating scandal.
US Masters Betting Trends
When it comes to backing the US Masters winner, there are a number of betting trends that can help narrow down your shortlist of players. It’s often the case that the eventual green jacket winner will have met the below criteria.
- American Players: In seven of the past 11 renewals, the champion has been from the USA. It’s almost certain that a couple of American golfers will compete near the top of the leaderboard.
- Players Ranked 1-25 in World: Trying to find the Masters winner isn’t as difficult as it is with the other three majors. It’s a smaller field and the past 10 winners have all been in the top 25 in the world.
- Players Ranked 1-20: You can even narrow things down further on the basis that eight of the previous 10 winners have been 20th or higher in the world rankings. Only Hideki Matsuyama and Patrick Reed bucked this trend.
- Greens In Regulation: If you’re betting in-play, you want to be looking for players who are hitting the green in regulation time and time again. Both Tiger Woods and Dustin Johnson were number one for this category in 2019 and 2020 respectively.
- Big-Hitting Doesn’t Always Pay: While Dustin Johnson’s length off the tee was undoubtedly an asset in 2020, it’s worth noting that Woods and Matsuyama were well down the driving distance pecking order for their recent successes.
- Don’t Rule Out Non-Major Winners: In recent years, many first-time Masters champions have also broken their major duck at Augusta, including Scottie Cheffler (2022), Hideki Matsuyama (2021), Patrick Reed (2018), Sergio Garcia (2017), Danny Willett (2016) and Jordan Spieth (2015).
- Winner Likely to Need -9 Or Better: In nine of the past 11 Masters tournaments, the winning score has been -9 or better. Only Danny Willett (-5) and Bubba Watson (-8) have triumphed with worse scores.
Masters Tournament History & Traditions
The Masters Tournament was established on 22 March 1934, with amateur champion Bobby Jones behind the creation of this competition. This has always been an invitational event, which means that the field is significantly smaller than in the other three major golf tournaments.
Previous winners of the green jacket have a lifetime invite to The Masters, while winners of the other three majors receive a five-year Masters exemption and those who win The Players Championship get a three-year exemption. The top 50 players in the Official World Golf Rankings are all invited to participate.
The Masters is probably the most iconic golf tournament in the world. Augusta National is a beautifully scenic course and each hole is named after a tree with which there is an association.
Amen Corner consists of holes 11, 12 and 13, named White Dogwood, Golden Bell and Azalea. This is regarded as the toughest section of the course and one of the most challenging stretches in world golf. Many great players have come unstuck here down through the years.
A green jacket has been awarded to the winner of The Masters since 1949 and is presented to the champion live on TV, from a hut known as Butler's Cabin. There has also been a Champion’s Dinner since 1952, where the previous winner sits down with fellow champions on the Tuesday of tournament week, chooses the menu and often selects dishes from his own region or country.
Jack Nicklaus is the most successful player in Masters history with six titles, while Tiger Woods has five Green Jackets, making him comfortably the most successful player of the modern era.
Tiger enjoyed a huge breakthrough success in 1997 when winning by an unprecedented 12 strokes, while he then achieved consecutive successes in 2001 and 2002 before a 2005 win. His latest win came as recently as 2019 and was hugely emotional, following his comeback from injury nightmares and a high-profile cheating scandal.
Recent Masters Winners
FAQ
How can I place a bet on The Masters?
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There are lots of golf betting sites that offer first-class Masters coverage and we've listed the top bookmakers on this page for your convenience. You just need to register for an account and you can then place real-money Masters bets, while taking advantage of Masters betting offers.
What is the best betting site for Masters betting?
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Among the leading online bookies for Masters betting is world-renowned betting site bet365. We also recommend Betfair, Ladbrokes and and Unibet for Australian golf bettors looking to place wagers on the The Masters tournament.
How does betting on The Masters work?
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Bookmakers provide a range of markets to choose from when betting on The Masters. The most popular is the outright tournament winner market. Each-way bets combine two wagers, allowing you to profit if your backed player finishes high up the leaderboard. You can also back a player to record the best score in his group during a round with 2/3-ball markets.
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