Masters Odds 2021 – Betting Odds & Analysis

By Matt Cash

Updated: March 15, 2021

The 2021 Masters odds are taking shape as we inch closer to golf’s marquee event at Augusta National. As the PGA Tour continues on, we look ahead to the odds to win the Masters, which begin in early April. 

The prestigious tournament was delayed for several months in 2020, making it a much quicker turnaround for this year’s competition, including defending champion Dustin Johnson who remains one of the favorites to win the Masters.

Let’s take a look at the updated Masters odds for the top contenders this year.

2021 Masters odds

Golfer	Odds to win 2021 Masters (as of March 15)
Dustin Johnson	+800
Bryson DeChambeau	+900
Jon Rahm	+1,100
Justin Thomas	+1,100
Rory McIlroy	+1,200
Brooks Koepka	+1,200
Jordan Spieth	+1,400
Xander Schauffele	+1,800
Patrick Cantlay	+2,200
Collin Morikawa	+2,500
Lee Westwood	+2,800
Patrick Reed	+3,000
Tony Finau	+3,300
Tyrrell Hatton	+3,300
Daniel Berger	+3,300
Viktor Hovland	+3,500
Paul Casey	+4,000
Sungjae Im	+4,000
Webb Simpson	+4,000
Hideki Matsuyama	+4,000
Cameron Smith	+4,000
Scottie Scheffler	+4,500
Tommy Fleetwood	+4,500
Jason Day	+4,500
Matthew Fitzpatrick	+4,500
Bubba Watson	+5,000
Sergio Garcia	+5,000
Louis Oosthuizen	+5,500
Justin Rose	+5,500
Adam Scott	+6,000
Will Zalatoris	+6,000
Harris English	+6,600
Matthew Wolff	+6,600
Joaquin Niemann	+6,600
Max Homa	+6,600
Francesco Molinari	+8,000
Cameron Champ	+8,000
Marc Leishman	+8,000
Abraham Ancer	+8,000
Jason Kokrak	+9,000
Corey Conners	+9,000
Rickie Fowler	+10,000
Phil Mickelson	+10,000
Shane Lowry	+10,000
Ian Poulter	+10,000

Odds courtesy of bet365.

Favorites to win the Masters

It should come as no surprise to anyone that Johnson (+800) is the current favorite to defend his Masters crown. Johnson, the No.1 ranked golfer on the PGA circuit, dominated Augusta in 2020, setting a new tournament record (20-under) en route to his first green jacket. While he’s no longer running away as the favorite, he’s been in the top spot since Masters odds were released.

Bryson DeChambeau has closed the gap and follows Johnson at +900 odds. He was a disappointing T34 at the 2020 Masters but will be entering with momentum after securing a big victory at the Arnold Palmer Invitational in March and then finishing T3 at The Players Championship.

John Rahm, who finished T7 at last year’s Masters and is the OWGR’s No. 3 golfer, is third, tied with Justin Thomas, at +1,100 odds. Thomas moved into the OWGR No. 2 spot after winning The Players Championship.

Rory McIlroy and Brooks Koepka are next at +1,200 odds.

Tiger Woods odds to win the Masters

Of course, it wouldn’t be Masters betting if we didn’t mention the five-time Augusta champion, Tiger Woods. Woods was +5,000 in 2021 Masters odds, but he was pulled from the odds board following his car crash on February 23.

Here’s what Tiger’s odds were to win the Masters prior to Round 1 of his five victories at Augusta National:

• 2019: +1,200
• 2005: +350
• 2002: +200
• 2001: +150
• 1997: +800

Masters betting history

Let’s take a look at some recent Masters champions and their closing odds to win:

Year	Masters Champion	Closing Odds
2020	Dustin Johnson	+800
2019	Tiger Woods	+1,200
2018	Patrick Reed	+4,000
2017	Sergio Garcia	+3,000
2016	Danny Willett	+5,000
2015	Jordan Spieth	+1,000
2014	Bubba Watson	+2,000
2013	Adam Scott	+2,500
2012	Bubba Watson	+3,000
2011	Charl Schwartzel	+10,000
2010	Phil Mickelson	+1,000
2009	Angel Cabrera	+12,500
2008	Trevor Immelman	+15,000
2007	Zach Johnson	+12,500
2006	Phil Mickelson	+800
2005	Tiger Woods	+350
2004	Phil Mickelson	+1,200
2003	Mike Weir	+3,000
2002	Tiger Woods	+200
2001	Tiger Woods	+150
2000	Vijay Singh	+1,800

Odds via sportsoddshistory.com

Masters betting trends

Note that no pre-tournament betting favorite has won the Masters this decade. Schwartzel was the biggest longshot to win when he surprised the golfing world back in 2011. Most recent winners fall in the +1,000 – +3,000 range. 

There also hasn’t been a repeat champion at the Masters since Tiger Woods won back-to-back tournaments in 2001 and 2002. Only three golfers since 2000 have won the event twice in three years (or less): Woods, Bubba Watson (2012 and 2014), and Phil Mickelson (2004 and 2006).

Another trend worth noting is the age of recent Masters winner: before Woods won in 2019 at age 43, the previous 13 winners had all been under the age of 40 at the time they won. Dustin Johnson (36) continued that trend in 2020. 

 

Where will the 2021 Masters be played?

The Masters is played annually at hallowed Augusta National in Augusta, Ga. One of the most famous courses in the World, Augusta is a 7,768-yard par-72, featuring Ryegrass fairways and Bentgrass greens. 

The private course was established in 1933 and began hosting the Masters the following year. It also began hosting the National Women’s Amateur in 2019. 

What is the Masters purse in 2021?

The purse hasn’t been announced yet for 2021. The 2020 payout, which was unaltered from 2019, was set at $11.5 million. Johnson’s 18 percent share last year amounted to $2 million.

How to bet on golf

The Masters is the most bet golf event of the year, so naturally, there are many who will be placing their first golf bets on the 2021 tournament. If that happens to be you, we’ve got you covered with our beginner’s guide to how to bet on golf.

The most popular way to bet on golf is by simply picking the winner, which is also referred to as an outright. There are plenty of other ways to wager, however, including top finishes, head-to-head matchups, and plenty of props.

Masters Odds FAQs

Who has the best odds to win the Masters?

Currently, Dustin Johnson has the best odds to win the 2021 Masters.

What are the odds of Tiger winning the Masters?

Tiger Woods will not play in the 2021 Masters because of injuries sustained in his February car accident. He was +5,000 on the odds board prior to the accident.

What were the odds for Tiger Woods to win the Masters?

Tiger Woods was +1,200 to win the Masters in 2019, +350 in 2005, +200 in 2002, +150 in 2001, and +800 in 1997.