US Masters Betting Offers & Free Bets 2023

Welcome to the definitive 2023 US Masters betting guide, where we list the best Masters betting offers and free bets for the first major of the year at Augusta National.

Date IconLast Updated : 5 Apr 2023
Bell Icon
Affiliate Disclosure: At, we want to ensure that players are matched with the right casino and sportsbook offers for them. For this reason, some of the recommended site links are affiliate links. This means that if you visit a website through our link and make a deposit, will receive a commission payment at no extra cost to you. At, we want to ensure that players are matched with the right casino and sportsbook offers for them. For this reason, some of the recommended site links are affiliate links. More

US Masters Betting Tips

2023 Masters Odds: Can Any LIV Golfers Cause An Upset?
© PA
2023 Masters Odds: Can Any LIV Golfers Cause An Upset?
If you're pouring over the Masters Odds to check out Liv Golf players, we've got your tips sorted.
Masters Betting Advice: How To Punt On The Major Golf Tournament
© PA
Masters Betting Advice: How To Punt On The Major Golf Tournament
Wondering how to bet on the Masters, we've got it all explained for you.
2023 Masters Odds: Betting Guide with Five Predictions For Augusta
© PA
2023 Masters Odds: Betting Guide with Five Predictions For Augusta
If you are reading over Masters Odds, we've got five fab punts for you to follow at Augusta.

Types of Masters Offers to Look Out For

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.

Each-Way Masters Terms by Bookmaker

BookmakerNo. of PlacesOdds
LeoVegas Sport71/5

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.

Welcome Bonuses

When the US Masters is being played, it's often an ideal time to open a betting account as there could be a generous welcome bonus on the cards. 

When you sign up to an account to place your Masters bets, you may be able to get a 100% matched deposit bonus (up to a certain maximum amount). You can then use your bonus cash for US Masters betting.

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.

Free Bets

We've already covered how you can claim Masters free bets as part of bookies' sign-up deals. However, existing customers are sometimes treated to free bets as well. 

Whether it's a loyalty bonus for a regular bettor or a special offer as part of a bookmaker's Masters specials, free bets are commonly available for those who already hold betting accounts.

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.

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.

US Masters Betting Tips 

When using your Masters betting offers and free bets 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.

Wait for The Masters to Start Before Betting

There is always lots of build-up when it comes to The Masters, with this being one of the most popular golf betting events of the year. However, there’s nothing to stop you from holding back and keeping your powder dry until the action gets underway.

Live in-play Masters betting markets will be open for business at that stage and you can get an idea of the best-performing players by watching the early action, before deciding which way to bet. 

Sites like bet365 are particularly handy for in-play Masters betting as there are loads of live markets, along with a live golf tracker and statistics that can help you bet successfully.

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.

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

2022Scottie Scheffler
2021Hideki Matsuyama
2020Dustin Johnson
2019Tiger Woods
2018Patrick Reed
2017Sergio García
2016Danny Willett
2015Jordan Spieth
2014Bubba Watson
2013Adam Scott
2012Bubba Watson


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.

Among the leading Masters bookmakers is CobraBet - one of the best new betting sites for US Masters betting. We also like bet365 and 888sport as established favourites for punters.

It’s fairly standard to find five places available, although some top Masters betting sites may go with up to 10 places for each-way bets. BoyleSports and William Hill are usually reliable in this regard and generally offer the most extra each-way places for US Masters betting.

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.

More US Masters Tips

Masters Odds: 5 Players Who Thrive At Augusta & Are Worth Backing This Year
© PA
Masters Odds: 5 Players Who Thrive At Augusta & Are Worth Backing This Year
If you are looking at the Masters Odds, you may want to consider these guys that love Augusta.
Tiger Woods Masters Odds: Former Champ Still Way Behind Top Tips
© PA
Tiger Woods Masters Odds: Former Champ Still Way Behind Top Tips
Tiger Woods has confirmed that he will take his spot in the field for the 2022 Masters at Augusta Na...
Masters Odds And Tips: Rahm Favourite To Land First Green Jacket
Masters Odds And Tips: Rahm Favourite To Land First Green Jacket
The Masters is the first major of the 2022 golf calendar, so we've got all the information and tips...