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BetRivers regularly posts excellent pricing for the Masters Tournament at Augusta with tournament-special bets like SixShooters and Each Way wagers that get extra attention in the special sections.

  • Attractive bonuses for golf wagering
  • Offers Each Way bet 
  • 1x wagering requirement on all bonuses
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Bottom Line

BetRivers has fought its way to the upper echelon of Masters betting apps on the basis of the top-quality odds it has regularly offered for the competition and the Each Way or e/w wager you won’t find in most other U.S sportsbooks where you can bet on the player to win the tournament and another wager for that player to finish in the listed ‘place’ position.

Why We Like BetRivers

In addition to offering special tourney bets for the Masters, BetRivers is big on lowering the juice throughout the tournament through its House Special odds boosts and puts up great insurance promos such as the 4+ leg Golf Parlay and Get Your Stake Back, where you can get up to $25 in bonus bets iff exactly 1 leg loses

What Does BetRivers Offer

  • Extensive betting coverage for the Masters: BetRivers has up the ante on the Masters, delivering virtually every standard and special wagering opportunity on golf for the event, including the outrights for more than two-thirds of all golfers in the tournament.
  • User-friendly bonus requirements: Almost all bonuses from BetRivers entail just 1x playthrough requirement, and you have up to 30 days to clear them so that you can use all of the bonus bets on the Masters.
  • SGP Quick Picks: The operator offers prebuilt Same Game Parlays for the Masters with mostly longshot odds but with enough winning potential and value.
  • Comprehensive betting menu: BetRivers offers odds for 28 sports, including TV and Novelty markets in states where betting on entertainment is allowed, such as Indiana.


DraftKings is one of the sportsbooks with the largest market share in the U.S. and likely the widest selection of betting markets for the Masters and other major tournaments.

  • Posts futures odds very early
  • Superb selection of prop odds for the Masters
  • Daily odds boosts
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Bottom Line

While most other sportsbooks settle with the top 5, 10, and 20 finishing markets, DraftKings extends that offer to the top 40 for the Masters and other major tournaments, highlighting its massive golf betting offer.

Why We Like DraftKings

DraftKings offers more than ten groups of golf wagers for the Masters, such as golfer parlays, golfer props, hole scores, and a myriad of tournament props like the triple chance, which you won’t find in virtually any other sportsbook. There is also a very low commitment necessary on your part to claim the $150 in bonus bets — only a $5 deposit is needed, and the bonus is paid no matter how the first bet settles, which adds to the value of the promo.

What Does DraftKings Offer

  • Dedicated promos for the Masters: Bettors can find specific odds boosts during the tournament, like adding +300 on any golfer to win the tournament, which boosts the payout potential tremendously. There’s also the ReignMakers, a marketplace for purchasing PGA Tour-related NFTs and collecting player cards for an additional connection to the game.
  • Huge selection of betting options: DK leads the pack when it comes to different betting markets we can see offered during the Masters, from outrights to player and tournament props, hole-in-one markets, and more.
  • Low minimum bet: Your minimum wager can be only $0.10, making DK a perfect option for players just getting the hang of golf betting.

Caesars Sportsbook

Caesars boasts ample offerings for the Masters, from the first-round leader and other individual round markets like the back nine winner to the mythical three-ball bets and betting on the top debutant.

  • Sizeable odds for golf across various competitions
  • Live streaming
  • Unique insurance promos for the Masters
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Bottom Line

Caesars puts up great insurance bonuses for the biggest golf tournaments, like the 2023 Augusta Insurance, which allows players to get 200% of their stake in bonus bets if their live wager on a golfer’s win falls through, but the golfer finishes in the top five.

Why We Like Caesars Sportsbook

Caesars Sportsbook’s market variety is as good as it gets, with 17 different tournament markets, not to mention player props, individual round markets, match play markets, and other groups. The odds are fairly competitive for most of these markets, especially the futures, where Ceasrs had opening lines for Rory McIlroy at +700, whereas DraftKings listed the same player at +650.  The top contenders, Rahm, Smith, and Scheffler, have each secured 6% of the total dollars wagered for Caesars, while Johnson, Koepka, and Morikawa have brought in 5%, which can be the result of great outright/futures odds.

What Does Caesars Sportsbook Offer

  • Live streaming and in-play betting features: In addition to a 3D presentation of each hole of the Augusta National, players can enjoy live streaming and leverage detailed stats of the tournament when placing live wagers.
  • Distinctive tournament markets: Par 3/4/5 winner is one of those betting markets you won’t find in other Masters betting apps.
  • Insurance promos galore: The Masters generates a lot of handle for Caesars, and the operator regularly gives insurance bets and parlay boosts like the additional +1000 on the Scottie Scheffler, Rory McIlroy, and Max Homa to finish in the top 10 to reward the players.
  • Clean and easy-to-navigate app design: The Masters has a prominent position under the Golf tab in Caesars’ betting menu, together with other majors. There are no huge promo banners to clutter the view, and the betslip remains in sight on the right side of the screen as you scroll.


Betfred offers competitive outright odds for the major tournaments earlier than most other sportsbooks, and the odds for the US Masters are no exception.

Betfred Sportsbook
  • Superb odds for the futures
  • One of the biggest max payout limits for golf
  • Expansive markets
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Bottom Line

Betfred’s outright odds are miles better than its competitors, especially the odds for the favorites like Jon Rahm and Rory Mcllroy.

Why We Like Betfred

Betfred’s biggest strenght lies in the quality of its odds for the US Masters. They lower the juice even further as the tee time gets near offering top pricing for outrights and head-to-head wagers. There’s also good coverage of golf betting markets, especially the 18th hole matchbets.

What Does Betfred Offer

  • Industry-leading pricing: Betfred’s US Masters odds are top-of-the-line across the board. A greater emphasis is put on the placement bets and top nationalities for all golf tournaments.
  • Regular promos: Bettors can expect an onslaught of profit boots, odds boots, and other golf-related promos throughout the Masters and other major golf events. Moreover, you only need to wager the bonus bets once to get the winnings.
  • Huge maximum golf payout:  Betfred offers a maximum pay-out for golf of $500,000, which is twice as much compared to what, for example, Betrivers pays.


BetMGM has earned its bragging rights for posting probably the best Masters odds on pre-tournament bets on every golfer, like the +750 odds for Jon Rahm to win the next edition of the tournament, while DK lists the same golfer at +650.

  • Live streaming of the PGA Tour majors
  • First-class pricing on the Masters props
  • Prebuilt parlays
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Bottom Line

BetMGM deserves a lot of credit for the quality of its odds and lines, as well as for paying out 5, 10 and 20 finishing markets in full if two or more players end up in the same finishing position.

Why We Like BetMGM

A key distinction between BetMGM and other licensed Masters betting sites is that BetMGM pays ties in full for finishing markets. The other books apply the Dead Heat rule, which greatly diminishes the payouts. Also, the platform is home to numerous specialty bets, like player hole scores betting on the bogey-free round. The Easy Parlay feature is a parlay builder that gives players easy access to the most popular events of the day, and the Masters 2023 rounds will certainly be among them.

What Does BetMGM Offer

  • Ties pays in full on finishing markets: Top 5, 10, and 20 markets will pay in full in the event of a tie, giving bettors a chance for a larger payout.
  • Individual golfer specials: Exciting player props like the leader after the first round and tournament props like to hit the fairway (betting on the finishing position of the golf ball after the tee shot) spice up Masters betting.
  • Promos for regular players: Frequent depositors can expect regular odds boosts, called Lion’s Boosts, plus cashback, refer-a-friend, and reload bonuses down the stretch. In fact, golf fans can participate in BetMGM’s 3-ball Challenge and win a chance to golf at TPC Sawgrass.
  • Live streaming — BetMGM has made live streaming available to all logged-in users with funds in their accounts. The feature is primarily focused on MLB and can facilitate live MLB betting but can cover other sports as well. Another important aspect of the live streaming at BetMGM is that you don’t have to wager on a particular game to stream it live.

How Our Experts Choose the Best Sites to Bet on the Masters

Correct ranking the best Masters betting sites requires the analysis of all regulated online sportsbooks offering odds on the Masters golf tournament, which is a tad over 20 sports betting apps. 

Our team of pro bettors has looked into the betting markets for the Masters that each sportsbook has displayed, with special attention to special markets that gain prominence during the tourney, such as each way betting. Also, we’ve compared the odds for the Masters and checked the quality of their promos, like the odds boosts that may apply to the action at the Augusta National Golf Club. 

Djordje Bogdanovic: Comparing the odds for the Masters is crucial in determining the value of the Masters betting sites the USA has to offer. I compare the odds for the winner of the tournament, finishing places, and matchup markets, as these are the most frequently wagered on.

What’s more, I calculate the vig for the most popular market so as to present the betting apps that offer the best value for money. I also go over the golf house rules for each book to see which specific rules may apply to the dead heat situations and the Masters, in general, to save you time and make sure you don’t get your winnings trapped due to some obscure rule.

Ultimately, I pay attention to the bonuses, especially the boosts that apply to the Masters to see where you can find good betting opportunities. Once I’ve scrutinized every aspect of the sportsbooks, I rank and recommend them. 

Compare the Best Masters Betting Sites of 2023 in the US

Since Tiger Woods’ win in 2005, only one favorite or the second favorite has won the Masters, which opens up a whole array of potential bets and highlights the importance of comparing the odds to find the best value. In addition to wagering on the winner of the tourney, you can also bet on the golfer you believe will finish in the Top 5, Top 10, and Top 20, or even Top 40 if you opt for DraftKings. 

If you chip in the bonuses and other similar features offered by Masters online betting sites, choosing the right one becomes increasingly difficult. This is where the following comparison table we’ve prepared can make all the difference. 

Site RatingBest ForFull Review
BetRivers 4.9/5Best Masters betting offer overallReview
DraftKings4.8/5Various Masters prop betsReview
Caesars4.8/5Insurance promos for MastersReview
Betfred4.7/5Outright oddsReview

How to Choose the Best Site for You

Here at, we’ve exhausted every option out there and analyzed all Masters betting sites to see which ones meet the criteria. However, if you want to do research on your own, here are some aspects of sportsbooks you should focus on: 

  • Licence and safety: Register on state-licensed Masters betting apps and make sure they use SSL encryption, 2FA, and other security features that can guarantee you safety and a fair betting experience. 
  • Welcome bonus and offers: Claim the sign-up bonuses since they are a great way to start your betting adventure. Make sure to cover the terms and conditions of use. Look for qualifying odds, the playthrough requirements, and other rules to see if the bonus is worth taking in the first place. 
  • Masters odds and markets: Don’t forget to go shopping for odds and see which platforms are willing to reduce the juice and provide the best value. The Masters is one of the most prestigious golf tournaments in the world, so the betting choice should reflect that.  
  • Payment methods: Check the variety of payment methods and if sportsbooks process payments without charging any fees for the service or not. 
  • Reputation and customer experience: Look for feedback from the players on Google Play Store and App Store, as well as community-based social networks, to get valuable insight from those you’ve used the sportsbooks. However, take everything with a grain of salt since bettors have a way of venting out after a loss. 
  • UI and mobile experience: Make sure the betting app of choice doesn’t freeze or glitch. You want stability and a clean user interface that lets you focus on the betting, not gaudy banners.  
  • Signup process: Test the account registration, as well as additional KYC verification procedures, which should be streamlined and adapted to both novice and experienced bettors. 

Betting on the Masters Explained

Golf bettors will be licking their chops in the wake of the Masters, the Super Bowl of golf, so we want to give you more information related to odds, picks, and more. 

Masters Golf Odds

The Masters betting odds are expressed in the American format. For example, a +300 bet means $100 wins $300, while a -300 bet will require a $300 stake for a chance to $100. The outright odds can range from +600 on Rahm to +28000 on Billy Horschel, bringing a lot of payout potential if you can spot some dark horses, like Jason Day, who knows how to play at the Augusta but has experienced back problems and who was priced around +2700 before the start of the competition. 

Masters Picks 

Your betting strategy for the Masters should be based on a detailed analysis of the current form and past performances of golfers, as well as stats and historical trends, plus the understanding of the course, such as the effect the course’s length has on the game. This way, you can make some good picks. 

Here’s our take on the Masters. Jon Rahm, with his putting numbers and the fact that he is the defending champion, puts him at the helm of all contenders. On the other hand, Scottie Scheffler is always the man to beat. He’s occupied the number one sport on the PGA Tour in Strokes Gained, and on a course where the last six of the past eleven winners finished the tournament at -10 or worse, he can leverage those putting and driving stats. Jon Rahm has been having a tremendous 2023 season thus far, with three tournaments under his belt already, so he can also be an important pick.

Types of Masters Bets

The Masters offers all kinds of golf bets, including outrights, matchups, and many other wagers. We’ve listed and explained the most popular ones below. 


Outrights are simply bets on the golfer you believe will win the tournament. The Masters fields between 85 and 100 golfers, which makes this one of the most challenging bets to get right. 

To place (finishing markets top 5/10/20)

For this kind of wager, you are betting that a player will finish inside the top 20 or better. 


Matchups or head-to-head bets are used to back a player to perform better than only one other player. The typical -110 to -115 odds apply here. 

Each-way bets

Each-way bets allow you to bet on a golfer to win the tournament but also finish within a certain spot on the leaderboard. It’s technically two bets housed into one, so if the player doesn’t win but still finishes within a standing, you get the payout. 

Masters Betting Strategies 

As we’ve briefly mentioned earlier, key stats, tournament history, and current form are essential in forming a successful betting strategy. You can also add the course and the weather into the mix here. The Augusta has favored players who know how to drive the ball and manage to play under par on the par 5s well, but it’s also about the precision and handling of the fast Bentgrass greens that make the difference. 

Get to Know More About the Masters to Bet Smarter

The Masters is the most prestigious golf tournament in the world. The event has been played at the Augusta National Golf Club since 1934. The Masters has the smallest field of all the majors, which had to be lengthened by 285 yards (261 meters) in 2002 and another 155 yards (142 meters) in 2006 due to the greater strength conditioning of contemporary golfers. 

The Masters is an invitational tournament, and players get invited according to 19 different categories, including previous Masters winners and the current Olympic gold medalist. Jack Nicklaus is the most successful golfer with six titles, followed by Tiger Woods with five, who is also the youngest-ever winner. 

Who Is the Favorite to Win this Masters Season?

At the time of writing, Jon Rahm, Scottie Scheffler, and Rory McIlroy are the leading favorites to win the Masters 2024, followed by other top golfers like Jordan Spieth and Patrick Cantlay. 

Which Players Are Playing in the Current Masters?

  • Jon Rahm
  • Rory McIlroy
  • Scottie Scheffler
  • Cameron Smith
  • Justin Thomas
  • Xander Schauffele
  • Patrick Cantlay
  • Collin Morikawa
  • Jordan Spieth
  • Will Zalatoris
  • Dustin Johnson
  • Viktor Hovland
  • Tony Finau
  • Max Homa
  • Matthew Fitzpatrick
  • Hideki Matsuyama
  • Brooks Koepka
  • Joohyung Kim
  • Sungjae Im
  • Shane Lowry

What Are the Key Dates to Keep in Mind?

  • Date:  Apr 8, 2024 — Sun, Apr 14, 2024
  • Course: Augusta National Golf Course 
  • Defending champ: Jon Rahm

Frequently Asked Questions

Players qualify according to 19 categories, including the past winners, the last five US Open champions, and more.

Yes, all licensed US betting sites offer betting on golfers you think will make the cut. Usually, the prices for this market go up just before the tournament.

All sportsbooks listed here will offer odds for the Masters and are some of the best Masters betting sites you can find in the country.

The Masters is played at the Augusta National Golf Course in Augusta, GA.

Content Writer

Janne is a highly competitive person with a passion for sports and betting in all of its forms. With over 15 years in the betting industry, his goal is to help players bet responsibly and with the right knowledge. At he shares betting tips, analysis and reviews of betting sites. When it comes to betting, Janne always has something valuable to say. Editorial Promise