The Golf Masters Betting Explained
Mike Goodpaster Last Verified
19/04/2026
What Are The Golf Masters?
The Masters is one of golf’s four men’s major championship events and arguably the most prestigious.
Played at the majestic Augusta National Golf Club usually in April, the Masters is now the first Major tournament of the year of the year and is the only Major Championship event to be played at the same location every year.
The winner of the Masters wins themselves the acclaimed Green Jacket and the tournament is synonymous with a number of traditions. These include the Champions Dinner and the Opening Tee Shot which is taken by Jack Nicklaus and Gary Player and officially marks the beginning the Masters Tournament.
First established in 1934, the Master’s is easily the biggest tournament on US soil and is classed alongside the Open Championship as the most eagerly sought-after professional tournaments in the game.
Our Top Sportsbooks For Betting on The Golf Masters
Bet $10, Get $150 in Bonus Bets If You Win
+10
- 20+ sports available for wagering
- Pre-match and in-play betting
- Unique features like live streaming and boosted odds
up to 100€ Bet Credits
Find out more on bet365's website
- Over 20 sports
- Extensive betting markets
- Live betting feature
New Users – Bet $5 Get $150 If Your Bet Wins!
+8
- Deep market coverage across major U.S. sports and leagues
- Same Game Parlay builder is fast and easy to use
- Live betting interface updates quickly with real-time odds
New DraftKings Customers: Bet $5+ Get $100 in Bonus Bets Instantly!
+8
- Bet on 40+ different sports
- Dynamic odds on live, in-play fixtures
- Deposit and bet $5 to receive up to $300 in bonus bets
Up to $250 Bonus Bet
+8
- 100% match on your first bet up to $250
- Bet on the official website or native mobile app
- Explore thousands of daily betting markets with competitive odds
How are The Masters used in Sports Betting?
The Masters is a big sports betting event for bookmakers and is quite often the largest golf betting event on the calendar.
A host of markets are made available prior to the tournament such as tournament winner, Make the Cut, top 10 finish, top twenty finish and each-way bets.
There are also in-play options as the odds fluctuate dramatically throughout the four days of play.
For example, Tiger Woods may be the leader after day one making him the tournament favourite, but a bad day on his second round may cause the American to drift out in the betting markets especially if he is four or five shots off the lead come the half way stage.
Did you know…
American Jack Nicklaus holds the record for having won the Masters the most time with six wins to his name.
Upon winning his sixth and final Masters in 1986, the man known as the Golden Bear became the oldest ever winner of the tournament at 46 years and 82 days, a record that still stands to this day.
