2023 Masters Tournament Golf Outright Betting Odds & Preview

05 Apr 23
News - US Open
2023 Masters Tournament Golf Outright Betting Odds & Preview

Perhaps the most important weekend of the PGA Tour calendar begins on April 6th with the Masters at one of the most hallowed golf courses in the world: Augusta National Golf Club in Augusta, Georgia.

The best of the best in the golf world will compete in the first major tournament of the 2023 PGA Tour calendar. We will be looking at one of the most popular betting markets in golf betting, the outright tournament winner, with most sports betting sites tapping Rory McIlroy and Scottie Scheffler as the top favorites.


  • Tiger Woods can tie a PGA record by making his 23rd straight Masters cut
  • Rory McIlory and Scottie Scheffler sit at the top of the odds table at +700
  • The most likely nationality of the winner is American according to most sportsbooks

Master Golf Odds

There’s no moneyline, point spread, or totals when it comes to betting on golf, so we’re going to take a close look at the winner nationality prop odds and the outright tournament winner odds for some of the top favorites as well as another intriguing golfer who has had success at Augusta in the past. All betting odds are courtesy of Sports Interaction.


Outright Winner Odds

Rory McIlroy (IRE)


Scottie Scheffler (USA)


Jon Rahm (ESP)


Jordan Spieth (USA)


Patrick Cantlay (USA)


Justin Thomas (USA)


Cameron Smith (AUS)


Jason Day (AUS)


Tony Finau (USA)


Xander Schauffele (USA)


Collin Morikawa (USA)


Dustin Johnson (USA)


Scottie Scheffler Odds

Not only is Scheffler the reigning Masters champ, having donned the green jacket and gotten the Butler Cabin interview in 2022, he’s also in solid form right now. The New Jersey native has won two of his past four tournaments, and in the two he didn’t win, he still had strong showings, finishing T4th and T12th. However, there have only ever been three back-to-back Masters winners (Tiger Woods, Nick Faldo, Jack Nicklaus) since the Masters debuted in 1934, which makes him a dicy betting pick.

Rory McIlory Odds

Currently the No. 2 ranked golfer in the world behind Scheffler, McIlroy is coming off of a solid showing in 2022 where he had 10 top 10 finishes, winning three tournaments outright. The Masters is the only major that the Irishman needs to complete the career grand slam, and considering he was the runner up last year at Augusta, McIlroy will definitely have a fire lit under his rear end this weekend, which makes his +700 odds look very intriguing.

Jon Rahm Odds

The Spaniard had a bit of an uneven year in 2022, but in 2021 nobody won more money golfing than Rahm. He won the U.S. Open that year, so he has had some success on big-time American courses. Rahm has also been on fire to start 2023, winning two tournaments already and finishing top 10 in two others. In terms of form, you can’t find better value than this guy at +900.

Jordan Spieth Odds

Spieth had just one tournament win last year and has just one other win in the last five years, so the American is not exactly hot. However, Spieth has experienced success at Augusta, winning the Masters in 2015 at just 21 years of age. He will be hoping to rediscover his youth, but it certainly seems like his position in fourth on the odds table at +1600 has a lot more to do with his name and past success than with his current form.

Tiger Woods Odds

The legend himself is way down in T28th on the outright winner odds table, but the fact that Tiger’s even coming to Georgia for this one means people have to pay attention. He hasn’t golfed a lot since his 2021 car crash, but he still made the cut at last year’s Masters. He’s priced at +6600, which is more than reasonable when you combine his lack of recent results with his historical success at Augusta, where he has won five times (2nd most).

He last had the green jacket draped over his shoulders in 2019, when he was a +1400 long shot, and even in 2022 he was only priced at +5000, so there’s tons of value on a grizzled vet like Woods at +6600.

Winning Nationality Odds 


Winning Odds





Rest of World


An interesting wager to consider is the nationality of the winner betting market. Betting on an American to win at -139 is actually offering a lot of value and could be a very intelligent bet. Eight of the top 12 on the outright odds table are American and a man from the U.S. of A has won at Augusta in four of the last five tournaments.

It has been three decades since there were back-to-back Masters without an American winner, so it seems there is definitely a bit of a home field advantage here. Unless you feel strongly that McIlroy will complete his career grand slam, which is more than plausible, a bet on the Americans here would be a smart move.

Alex is a recent graduate of Ryerson's Sport Media program in 2019 and has been contributing to BettingTop10 since 2020. He has worked in the field of sports and sports betting for several years, including writing for theScore and daily fantasy sports website FantasyPros as one of their lead NBA news writers. A dedicated sports fan and experienced sports bettor, Alex has the knowledge to provide you with the best betting advice and the sneakiest props no matter what the sport may be.