The Masters is widely considered the most prestigious golf tournament in the world. Held every April at Augusta National Golf Club in Augusta, Georgia, The Masters is the first major championship of the year and features the smallest, most exclusive field of any major. The tournament has been played at the same venue since 1934, and the winner receives the iconic green jacket in a ceremony at Butler Cabin. The best place to bet on The Masters Tournament is online at one of our recommended sportsbooks for betting on golf online. Each sportsbook is well-respected, trustworthy, and offers a wide variety of betting lines for The Masters.

Click here to check out the official website for The Masters.

Best Sportsbooks For Betting On Masters Online

How To Bet On The Masters Online

Placing a bet on The Masters online takes just a few minutes. BetOnline.ag is our top pick for Masters betting thanks to their competitive golf odds, generous welcome offer, and easy-to-use interface. Follow this quick guide to get your wagers placed before the first round tees off on Thursday.

Bet On The Masters – Step By Step Guide

1. Join A Betting Site – Visit BetOnline or any of the sportsbooks listed above and complete the quick registration form to open your account. You will need to verify your email address to get started.
2. Deposit Funds – Head to the cashier section and choose your preferred deposit method. Cryptocurrency deposits are fast and often come with enhanced bonuses, but credit cards, bank transfers, and e-wallets are also available. BetOnline offers new players a 50% welcome bonus up to $250 as a free bet (code FREE250) with no rollover requirement on the free bet portion.
3. Place Your Masters Bets – Navigate to the golf section of the sportsbook and find The Masters Tournament. Browse the available betting markets, add your selections to the bet slip, enter your wager amount, and confirm your bet.

Types Of Masters Bets

The Masters is one of the most heavily bet golf events of the year, and sportsbooks respond by offering an extensive menu of wagering options. The number of available markets increases significantly for the majors compared to a regular PGA Tour event. Here is a look at the most popular bet types for The Masters.

Tournament Winner (Outright)

The most popular Masters bet is picking which golfer will win the tournament outright. Because only one player out of the field can win, the odds on individual golfers are typically quite long and payouts can be substantial. Even betting favorites usually carry odds of +500 or longer, which would return $500 on a $100 wager. Players further down the odds board at +5000 or longer offer the potential for massive paydays if they can pull off the upset. The Masters has a history of producing surprise winners at generous odds, which is part of what makes outright betting on this tournament so appealing.

Top Finish Markets

If picking the outright winner feels too risky, top finish markets let you bet on a golfer to place within a certain range. Common options include top 5, top 10, and top 20 finishes. These bets offer shorter odds than outright winners but provide a much better chance of cashing. They are a great way to back a player you believe will contend without needing them to actually win. You can also bet on whether a specific golfer will make or miss the cut, which is decided after 36 holes at The Masters.

Head-to-Head Matchups

Online sportsbooks offer plenty of head-to-head matchup lines for The Masters. These betting lines pit two golfers against each other and you wager on which golfer will finish with the lower score over the tournament. Matchups can cover the full tournament or just a single round. This is an appealing bet type because you only need your golfer to beat one opponent rather than the entire field. If you have strong opinions about how two specific players stack up on a course like Augusta, head-to-head bets let you act on that read.

Group Betting

Sportsbooks will group golfers together and let you wager on which player in the group finishes with the best score. Groupings are often organized by nationality or by the players’ odds tier. For example, one group might feature the five tournament favorites, while another could pit the top American golfers against each other. There may also be groups for top European, top Australian, or top international players. Group bets give you a manageable number of outcomes to handicap compared to outright winner bets.

First Round Leader

First round leader bets let you wager on which golfer will hold the lead after the opening 18 holes on Thursday. This is a popular market because it adds excitement to the first day of the tournament and pays out before the weekend even begins. Augusta National often plays tough in the first round, so golfers with strong recent Thursday scoring records and plenty of Augusta experience tend to show up well in this market.

Masters Prop Bets

Prop bets add another layer of excitement to The Masters. You will find props on things like the winning score, whether there will be a hole-in-one during the tournament, the lowest individual round score, the margin of victory, and nationality of the winner. Some sportsbooks also offer player-specific props such as a golfer’s round score or total birdies for the tournament. Props are a fun way to stay engaged throughout all four rounds even if your outright winner pick falls out of contention early.

Masters Betting Tips

Betting on The Masters requires a slightly different approach than a typical PGA Tour event. Augusta National is one of the most unique and predictable courses in professional golf, and historical data reveals certain skills and trends that consistently predict success. Here are some tips to keep in mind when placing your bets.

• Augusta Experience Matters – The data is clear on this one. The average Masters champion over the past two decades has been playing in roughly his ninth Masters Tournament. Augusta National is quirky and its greens are unlike anything else on Tour, so players who have navigated the course multiple times hold a significant edge. It has been over four decades since a Masters debutant won the tournament (Fuzzy Zoeller in 1979). Be cautious backing first-time players unless they have truly exceptional form.
• Prioritize Short Game Skills – While approach play at Augusta always gets a lot of attention, analytics suggest that around-the-green performance may be an even better predictor of success. The greens at Augusta are fast, undulating, and punishing. Players who can get up and down from difficult spots and avoid big numbers tend to climb the leaderboard, especially over four rounds.
• Check Recent Form – Historically, the vast majority of Masters champions had at least one top-10 finish in their three starts leading into the tournament. Players who arrive at Augusta in good form tend to carry that momentum forward. Look at how golfers performed in the events leading up to The Masters to gauge their current level of play and confidence.
• Beware of Past Champions With No Chance – Past Masters winners receive a lifetime invitation to the tournament. That means some golfers in the field are there based on a win from decades ago and have little realistic chance of contending. Do not be tempted by long odds on these players just because they are in the field. Focus your bets on golfers who are actively competing at a high level on a regular basis.
• The Favorite Rarely Wins – Only a handful of pre-tournament favorites have won The Masters over the past two decades. Most recent champions have come from the +1000 to +3000 range on the odds board. This does not mean you should ignore the favorites entirely, but it does suggest there is real value in looking beyond the top of the odds sheet for your outright winner pick.
• Manage Your Bankroll – Golf tournaments last four days and there are a lot of betting options available at sportsbooks for a major like The Masters. It is easy to overextend yourself betting on multiple golfers and markets. Set a budget for your Masters betting and stick to it. Check out our bankroll management guide for strategies to protect your funds over the long run.
• Compare Odds Across Sportsbooks – Odds on the same golfer can vary significantly from one sportsbook to another, especially for outright winner markets where the field is so large. Before locking in your bet, check the odds at multiple books to make sure you are getting the best price. Even small differences in odds can have a meaningful impact on your long-term profitability. Visit our general betting tips page for more advice that applies across all sports.

Masters Live Betting

Live betting on The Masters has become one of the most exciting ways to wager on the tournament. As the action unfolds over all four rounds, the odds shift in real time based on what is happening on the course. You can place bets on updated tournament winner odds, head-to-head matchups, and round-by-round markets while watching the coverage.

Golf is especially well-suited to live betting because momentum swings can happen quickly at Augusta National. A double bogey on Amen Corner or a chip-in eagle on the par-5 15th hole can dramatically change a player’s odds in seconds. If you are watching the action closely and can spot when a player is trending in the right direction before the odds fully adjust, live betting provides opportunities to find value that pre-tournament markets may not offer. The key is to be watching the coverage rather than just following a leaderboard – body language, ball-striking quality, and course conditions all matter when placing live bets. For more on how in-play wagering works and strategies to use, check out our live betting guide.

Frequently Asked Questions

When is The Masters Tournament?

The Masters takes place during the first full week of April each year at Augusta National Golf Club in Augusta, Georgia. Practice rounds and the Par 3 Contest are held early in the week, with the four competitive rounds running from Thursday through Sunday.

How do golfers qualify for The Masters?

The Masters is an invitation-only event and has the smallest field of any major championship. Players qualify through a variety of criteria including past Masters victories (lifetime invitation), recent major championship wins, world ranking, PGA Tour performance, and wins in select international events. The exact criteria can shift slightly from year to year at the discretion of Augusta National.

What types of bets can I make on The Masters?

Sportsbooks offer a wide variety of Masters betting options including outright tournament winner, top 5/10/20 finishes, make or miss the cut, head-to-head matchups, group betting, first round leader, round-by-round scoring props, and many other prop bets. The Masters typically has more betting markets available than any other golf tournament of the year.

When should I place my Masters bets?

Outright winner odds are usually available months in advance and will shift as the tournament approaches based on player form and news. Many bettors like to place early bets when they spot value in the odds, then add additional wagers closer to Thursday once the field is finalized and recent form is clearer. You can also bet live throughout all four rounds of the tournament as the odds update in real time.

Where can I watch The Masters?

In the United States, The Masters is broadcast on ESPN (Thursday and Friday) and CBS (Saturday and Sunday). Additional coverage is available through the Golf Channel and Paramount+. The Masters website also provides free live streaming of featured groups and specific holes throughout the tournament.