Updated: 29 Nov 2022

US Masters Betting 2023

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.

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US Masters Betting Tips

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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 an online bookie and this needs to be funded. Keep in mind that the best betting sites will have Masters specials for wagering on the first major of the year.

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 of your chosen betting site. 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, you simply decide the stake that you want to wager and you'll be able to see the amount of money your Masters bet will potentially return if you're successful. 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.

Read More: How to Fill in a Betting Slip Online

How to Read 2023 US Masters Betting Odds

The most popular US Masters betting market is the outright winner market, so it's best to take this simple market as an example when explaining how to read golf odds. At your chosen betting site, you will see a full list of players who are participating at Augusta. Next to each player will be their Masters betting odds, with the favourites featuring near the top of the list.

The top Masters betting sites give customers the chance to place either a 'win' bet or an 'each-way' bet on the outright market. If you place a win bet on any golfer, then you will need that player to win the tournament. If you place an each-way bet on the outright Masters betting market, then you can make a profit if your player finishes in the top four, five, six or even 10 places (this will vary depending on which bookie you are betting with).

Masters Golf Betting Markets

There are lots of different Masters golf betting markets and we’ve picked out some of the most popular ones here. The leading betting sites and best betting apps are always keen to provide a myriad of betting options considering, the popularity of a tournament which always provides lots of excitement as the top golfers in the world compete for the green jacket.

Where to Bet on The Masters

bet365Huge range of Masters beting markets
⬆️ BetfairGenerous each-way places for Masters betting
💻 bookmaker.com.auUser-friendly golf betting site for Aussies
💰 LadbrokesOffers outstanding Masters betting odds
🚀 UnibetBoosts offered on multi bets

US Masters Offers

There are a wide range of US Masters offers that can improve your betting experience. It’s always worth taking advantage of these golf betting offers in the run-up to the tournament to get extra value for money with your bets. We’ve outlined some of the best types of Masters betting offers below, so you know what to expect when the first major of the year rolls around each Spring.

Extra Each-Way Places

The leading US Masters betting sites are always falling over themselves 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.

Enhanced Odds and Price Boosts

You will find Masters price boosts available with many of the leading golf betting sites. A bookie 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 bookies 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 see the unique specials different betting sites are offering.

Masters Betting Tips

When it comes to betting on the Masters, there are a number of different approaches that can be taken by golf punters. Ultimately, the aim is to come out of this major with a profit and it’s worth thinking about a staking plan and the sort of markets on which you want to place your wagers before the tournament. Here are some of the most useful Masters betting tips.

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 Golf Club 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 when betting on The Masters.

Consider Betting on Three-Balls and 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.

US Masters Betting Strategy

It’s always good to have a plan you can stick to and that is certainly the case when it comes to your US Masters betting strategy. To start with, we recommend having a set budget that you are happy to wager on this major. If you want to place bets on all four days of The Masters, then you might consider splitting this bankroll into quarters and staying disciplined with how much you bet on a daily basis.

You can often place Masters multi bets on three-ball and two-ball betting markets and these can be an excellent source of interest as well. You might choose four different players to win their groupings and put them in a multiple bet, where their odds are all multiplied together for a big potential payout. This way, if you fancy a number of selections, you can stake to suit your budget and still land a nice payout.

2021Hideki Matsuyama
2020Dustin Johnson
2019Tiger Woods
2018Patrick Reed
2017Sergio García
2016Danny Willett
2015Jordan Spieth
2014Bubba Watson
2013Adam Scott
2012Bubba Watson

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: Hideki Matsuyama

Total Prize Fund: $11,500,000

Winner's Share: $2,070,000

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.

It’s fair to say that 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.


There are lots of golf betting sites that offer first-class Masters coverage and we've listed the top bookies on this page for your convenience. You just need to register for an account and you can then place real-money Masters bets.

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.

It’s fairly standard to find five places available, although some top betting sites may go with up to 10 places for each-way bets. Check out the recommended sites on this page to avail of the best each-way Masters betting options.



Hi, I'm Dean Ryan

"A passionate sports betting expert and journalist with over 15 years spent in the gambling industry."

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Reviewer since June 2016