There are very few things on the sports calendar as highly anticipated as The Masters, whether you’re a casual viewer of golf or a die-hard fan. From a gambling perspective, wagering on golf has increased as legal sports betting has gained a foothold in several states, and few events on the sports calendar see more action than The Masters.
The Masters is by far the most heavily wagered on golf tournament of the year and the entire weekend ranks up there among the busiest times for sportsbooks. The growth of legal sports betting in the United States has helped create an environment where wagering on golf can thrive. The sport is becoming more and more popular among the betting public, but luckily it needs no help with visibility during this tournament.
The 2023 Masters will be the 85th edition of the tournament, which was first held in 1934 and has run continuously since 1940. Everything about the competition is prestigious, starting with its setting at the famed and flawless Augusta National Golf Club in Northeast Georgia, which is as challenging to play as it is beautiful to look at.
A victory at Augusta means over $2 million in prize money, a bright green champion’s jacket, and a place cemented in golf lore forever, so it’s safe to say this is the source of many treasured moments for the game’s best players.
You may be one of the many people wondering, ‘where can I bet on the Masters?’ ahead of the tournament and the answer is quite simple. You can wager on golf in any state where sports betting is legal, which makes NJ betting sites incredibly popular for betting on the Masters in the United States, along with PA online sportsbooks as well.
In the time since PASPA was struck down in May 2018, the Garden State especially has served as the blueprint for all other states to follow, as New Jersey has been able to provide a positive betting experience while earning revenue for the state.
In addition to New Jersey and Pennsylvania, other states like Indiana and West Virginia have fully launched online betting operations, which includes golf and The Masters. Many other states including Colorado and Tennessee among others have passed legislation and are getting ready to enter the fold with mobile betting attached in the very near future.
The PGA Tour is virtually a year-round business these days but for many fans and bettors, the season begins when the first major arrives. So if you’re looking to foray into golf betting online, the very first major of the season is a common time to start. Depending on which state you’re in, here are the recommended sportsbooks for 2023 Masters betting.
If you aren’t in a state with legal online sports betting, you can place legal sports picks at FendOff Sports. Read our FendOff Sports review for more information and get our exclusive welcome bonus below:
In the not-so-distant past, golf betting was inflexible in terms of markets, only offering odds for the outright winner of a tournament. While that is still the most popular market among bettors, the number of options has increased exponentially in recent years, especially since the launch of online sports betting in 2018.
Now, operators are offering new markets and many additional betting options with each passing season, meaning there’s plenty to choose from when making 2023 Masters betting picks. Below, we’ll look at the most popular Masters’s online bets and explain the benefits of each type.
Masters outright betting remains the public’s preferred way to wager by a long shot, Golf tournaments lend themselves to every player, even the favorites who are expected to be in contention, to have pretty generous odds.
Looking at the 2023 Masters outright betting odds, a wager on any player but the favorite Rory McIlroy offers a chance to earn 10 times your original investment. the deeper into the field you go, the better the payout becomes if you select the correct golfer to win the tournament.
With such a competitive field in every event, predicting outright winners for PGA tour events, especially majors, is among the toughest things to do in all of sports betting. We’d recommend targeting multiple golfers if making Masters betting predictions on the outright winner. More tips involving this market can be found below.
Picking outright winners is a great way to hunt for huge profits, but there are more practical ways to wager your money on The Masters and likely maintain your rooting interest for a longer period of time, even if payouts aren’t quite as robust. Rather than selecting a golfer’s odds to win the 2023 Masters, consider betting on that player’s finishing position instead. The best online betting sites offer odds to finish in the top 5, 10, 20, and even sometimes 30 and 40 as well, depending on the operator.
Plenty of bettors feel doing some research and applying it to these markets is the most effective way to wind up a winner by the time the sun sets in Augusta on Sunday. We’re hard-pressed to disagree, especially considering the margin for error and a better chance to actually win the wager. Because The Masters is an invitational tournament with a smaller field than any other major (usually between 90-100 golfers), you will see odds for finishing positions will get shorter the deeper you goo into the leaderboard. But there’s still value to be found, even in these much more modest lines.
In the event the player you selected winds up in a tie for the exact position you wagered on (let’s say you picked top 10 and he finishes T-10th), the wager will be settled by dead heat golf betting rules, which are further explained in our Golf betting guide.
Masters props are additional wagers that can be made outside of markets like outright winners and finishing positions that deal directly with the result of the event. Operators offer several options for golf prop betting each week on the PGA Tour, but things get taken to new heights when The Masters arrive.
These categories aren’t as mainstream or as well known as the one we’ve detailed above, usually venturing into very specific events that may or may not occur throughout the tournament. Below are a few examples of what you could come across when viewing prop betting markets for The Masters:
Masters betting props can also get extremely player-specific and go much deeper than just an individual’s score or finishing position. For example, the 2019 Masters had the following markets available for Tiger Woods:
Most of these in-depth markets come with high-paying odds for pretty unlikely events, but there is always that possibility of hitting it big. We know now that Tiger Woods did indeed play in the final group and even wound up with a 2019 Masters win and his fifth Green Jacket, so it is possible to win money in places where few people will be looking.
Head-to-head and group matchup betting may also be considered props on some sites but due to the popularity of these markets, we’ll explain them in further detail.
Another fast-growing option for betting on The Masters is head-to-head matchups. Rather than selecting one golfer against the field, you can basically just take him to beat one other player. The specific matchups are created by the sportsbooks and on most occasions, these markets feature pretty modest odds.
Each golfer has their own style and some players are perfect for Augusta National and others don’t have games suited as well for this particular course, so there are two ways to think about this. Bettors can either make head-to-head Masters picks in favor of a golfer they feel great about, or they can fade golfers that may not be set up for success at Augusta.
Matchups can help provide a rooting interest that will last all four days, and it can also be lucrative if you’re able to correctly pick between the two players.
Think of this as Masters group betting. These wagers are alternatives to individual matchups and the only difference between 2-ball and 3-ball is how many players are in a group. Basically, all you’re doing is predicting which golfer will shoot the lowest score of the two-person or three-person group in question. Below is an example of what you’ll see when making three-ball golf betting picks:
Each playing group generally has three players in the opening two days and two players over the weekend. That means that on Thursday and Friday bettors can wager on 3-ball markets and on Saturday and Sunday, sites will have odds for 2-ball golf betting and may also feature an option for a tie between two golfers.
The best Masters betting strategy you can employ begins with matching your selections to the course. This is one of those tournaments where a player who isn’t suited for Augusta can just show up and play well. In this tournament more than most, course experience play a huge role as well because there are quirks and intricacies of this place that it helps to know.
In general, try to avoid inexperienced players at this event. No first-time player has won since 1979 and in most cases, the names you see near the top of the leaderboard are ones you already know. You may also look to forget about players with poor performances in past Masters tournaments, or even fade them in head-to-head matchups.
In terms of stats, Strokes Gained: Approach is an important one to keep an eye on because iron play is so crucial at Augusta. It also never hurt to be hot on the greens, so keep Strokes Gained: Putting in mind as well.
If we are being realistic, more times than not your wager on an outright winner won’t last very long. On many occasions, you may go into the weekend without having a real shot at winning anything. If you’re looking for a rooting interest to last all weekend and the chance to win some money in the process, stick to Masters finishing position bets.
Most golfers, even some of the favorites, have pretty robust odds for finishing in the top five and 10, with odds gradually dropping the deeper into the leaderboard you get. Even the modest lines for top 20, 30, and 40 can be an extremely fun way to take in the action over the course of four days.
The extra margin for error you give your golfer(s) by not forcing them to beat an entire field goes a long way toward giving yourself a better chance to win. So if you’re willing to invest a bit more on more realistic markets like finishing positions, there’s money to be made.
If betting outright winners, it’s more than likely the winner will come from the top 20 names on the odds board since on most occasions, the golfer who wins this tournament is a pretty well-known name. And if he isn’t, he’s still one of the better players in the world. Since the world rankings were created in 1986, only two Masters winners have come from outside the top 40.
If betting outright winners, it’s more than likely the winner will come from the top 20 names on the odds board. Even when considerable underdogs win (Patrick Reed and Danny Willet were both 50/1 or +5000 in 2016 and 2018, respectively) the winning player was still among the 20 golfers with the lowest odds going into the tournament as well.
As we alluded to above, head-to-head matchups lend themselves to making bets based on which golfers you like the least. Most novice bettors would go after a golfer they expect to play well at Augusta, but one Masters betting strategy is to place wagers by fading players instead.
If a golfer has never played in The Masters, doesn’t play well at Augusta historically, or is struggling in the time leading into the tournament, that player may be a worthwhile target for a head-to-head bet. It’s very unlikely to show up in poor form or without any past success at Augusta and put on a show at The Masters. This is one week to let history be your guide as much as recent play.
The nature of golf and the Masters lends itself to live betting more than other sports. Partially because the tournament takes place over the course of several days, the live betting experience is different with golf than other sports.
Throughout the course of the four days, live odds on the outright winner are constantly updating and will be available for wagering at all times. There will not be a moment from Thursday morning until Sunday afternoon when you can’t place bets on The Masters. After each round, odds for prop markets such as finishing position will update as well until the next day’s action begins.
Sometimes, the best way to get a feel for the tournament is to wait until it starts and try to find value on live Masters betting lines. Maybe you recognize a given player is on top of his game early on, or a golfer you favor is off to a rough start and his odds are more valuable than they were pre-tournament. Whatever the case, Masters live betting can be lucrative and exciting.