With a new PGA Tour season well underway, Masters futures are already taking shape — and early prices can move fast as form, injuries, and tournament results reshape the board.
Below you’ll find the current 2026 Masters odds, plus some information on the favorites, two value angles, and the Augusta National betting trends that show up year after year.
2026 Masters odds
| Golfer |  |
|---|---|
 Scottie Scheffler |
+300 |
 Rory McIlroy |
+750 |
 Bryson DeChambeau |
+1200 |
 Jon Rahm |
+1600 |
 Xander Schauffele |
+1600 |
 Tommy Fleetwood |
+1800 |
 Ludvig Åberg |
+2200 |
 Justin Rose |
+2500 |
 Collin Morikawa |
+2800 |
 Patrick Reed |
+2800 |
 Hideki Matsuyama |
+3000 |
 Cameron Young |
+3400 |
 Viktor Hovland |
+3400 |
Odds courtesy of BetMGM as of March 5, 2026.
Enjoying Covers content? Add us as a preferred source on your Google account
Masters favorites
Scottie Scheffler (+300)
World No. 1 Scottie Scheffler remains the clear favorite in the Masters odds despite not defending his 2024 title. His fourth-place finish in 2025 marked his fourth straight Top 10 at Augusta, where he’s never finished outside the Top 20. After a dominant 2025 season, he remains the top pick regardless of who currently holds the Green Jacket.
Rory McIlroy (+750)
Rory McIlroy’s playoff win over Justin Rose in 2025 finally secured his career Grand Slam, ending a high-pressure 11-year major championship drought. With that massive burden gone, the World No. 2 remains Scheffler's biggest obstacle en route to a third Masters victory.
What makes a "favorite" at Augusta?
Previous success matters at Augusta National more than almost any other course, and that's part of the reason you're seeing recent champions Scottie Scheffler and Rory McIlroy atop the board. If you look at the rest of the top choices, almost all of them have either won or come very close in recent years.
Recent form is also critical. Much of the reason for Scheffler’s short odds is that he’s won seven of his last 17 worldwide starts dating back to last May. Many of the top choices also check a lot of the boxes when looking at Augusta National betting trends.
Masters opening odds
| Golfer | Opening odds |
|---|---|
| Scottie Scheffler |
+550 |
| Rory McIlroy |
+550 |
| Ludvig Åberg |
+1400 |
| Bryson DeChambeau |
+1600 |
| Xander Schauffele |
+1600 |
| Collin Morikawa |
+1800 |
| Jon Rahm |
+2000 |
 Justin Thomas |
+2000 |
| Hideki Matsuyama |
+3000 |
| Viktor Hovland |
+3500 |
 Brooks Koepka |
+3500 |
| Tommy Fleetwood |
+4000 |
 Patrick Cantlay |
+4000 |
Opening odds courtesy of SportsOddsHistory.
Biggest Masters odds movers
Biggest riser: Tommy Fleetwood (+4000 to +1800)
Tommy Fleetwood has shot up the board thanks in part to his incredible week-to-week consistency and the fact that he's coming off a FedEx Cup-winning season in 2025.
Biggest faller: Justin Thomas (+2000 to +4500)
Justin Thomas is now years removed from being at the top of his game, and while there are still flashes (he won the 2025 RBC Heritage), there hasn't been much in the way of consistently great play over the last 12 months.
Best Masters value picks
Ludvig Åberg (+2200)
Ludvig Aberg is as bright a young star as you'll find on the PGA Tour, and the fact he finished runner-up in his Augusta National debut (and seventh in 2025) suggests a Green Jacket could be coming his way very soon.
Collin Morikawa (+2800)
Collin Morikawa is rounding back into top form. He already has a win at Pebble Beach under his belt this season, and he just finished T7 at Riviera. He's also finished inside the Top 20 in his last five trips to Augusta, including a career-best T3 in 2024.
Tiger Woods Masters odds
| Golfer | |
|---|---|
 Tiger Woods |
+17500 |
Tiger Woods has not ruled out a Masters return
Tiger Woods remains a "maybe" for the 2026 Masters, though he's officially kept the door open. Speaking at the Genesis Invitational in February, the five-time champion confirmed that a return to Augusta National is not "off the table," despite ongoing recovery from a lumbar disc replacement surgery performed in late 2025.
Now 50 years old, Woods admitted that his recovery is moving more slowly than in the past and that he's still battling significant soreness. While he has progressed to hitting full shots, his endurance for walking the notoriously hilly Augusta course remains the primary obstacle.
If Tiger does compete and somehow finds his way to victory, he would shatter the record for the tournament's oldest champion. That distinction currently belongs to Jack Nicklaus, who famously won his sixth Green Jacket in 1986 at the age of 46 years, 2 months, and 23 days.
Tiger's 175/1 odds reflect the harsh reality of a legendary career currently stalled by physical limitations. Woods has been sidelined since mid-2024 following a ruptured Achilles and a complex lumbar disc replacement surgery in late 2025.
At this stage, Woods is being priced more as a ceremonial legend than a true contender for the Green Jacket, as his battle is now more against his own physical durability than the field of younger, elite golfers.
Masters betting trends at Augusta National
- Augusta National experience: 10 of the last 12 Masters winners played in 2+ Masters before their win. Nine of the last 12 winners had previously logged a Top-5 finish at the Masters.
- Best of the best: The last 12 winners ranked inside the OWGR Top 25.
- Great form: Nine of the last 12 winners had already logged a tournament win that season.
- Strong start: 11 of the last 12 winners were in the Top 11 after Round 1. The last 12 winners were in the Top 8 after Round 2.
- Ball-striking prowess: The last 14 winners gained at least 18 total strokes tee-to-green in the four events before their Masters win.
- Taking advantage: 14 of the last 16 winners ranked inside the Top 40 in Par-5 scoring the year of their victory.
Only two pre-tournament betting favorites or co-favorites have won the Masters since Tiger Woods won in 2005 as a +350 favorite. Charl Schwartzel was the biggest longshot to win when he surprised the golf world back in 2011. Most recent winners fall in the +1,000 to +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 four golfers since 2000 have won the event twice in three years: Woods, Bubba Watson (2012, 2014), Phil Mickelson (2004, 2006), and Scottie Scheffler (2022, 2024).
Another trend worth noting is the age of recent winners: Before Woods won in 2019 at age 43, the previous 13 champions were all under 40. That trend has continued since Dustin Johnson's win in 2020.
Masters past winner odds
The Masters has had its fair share of long-shot winners over the years. Zach Johnson (2007), Trevor Immelman (2008), and Angel Cabrera (2009) all had odds of +12500 or longer before pulling off impressive triumphs at Augusta National. It's worth noting that Cabrera was the only one of the three to crack the Top 10 again, finishing seventh in 2011 and second in 2013. Let's take a look at some recent Masters champions and their closing odds to win:
| Year | Golfer | Closing odds |
|---|---|---|
| 2025 | Rory McIlroy |
+650 |
| 2024 | Scottie Scheffler |
+375 |
| 2023 | Jon Rahm |
+900 |
| 2022 | Scottie Scheffler |
+1800 |
| 2021 | Hideki Matsuyama |
+5000 |
| 2020 |  Dustin Johnson |
+800 |
| 2019 | Tiger Woods |
+1200 |
| 2018 | Patrick Reed |
+4000 |
| 2017 |  Sergio Garcia |
+3000 |
| 2016 |  Danny Willett |
+5000 |
Closing odds courtesy of SportsOddsHistory.
Masters field and qualification
How do golfers qualify for the Masters?
- Past champions: Golfers who have won the Masters in previous years are automatically invited to participate for the rest of their careers.
- Current champions: Winners of other major championships (such as the U.S. Open, The Open Championship, and the PGA Championship) from the past year are invited to compete.
- PGA Tour winners: Golfers who have won PGA Tour events leading up to the Masters, typically over the past year, may also receive invitations.
- Amateur champions: Winners of certain top amateur tournaments, such as the U.S. Amateur Championship, are often invited to play.
- World Golf Rankings: The top players in the Official World Golf Ranking (OWGR) usually receive invitations.
- Qualifying tournaments: There are opportunities for golfers to qualify for the Masters through special tournaments and qualifiers, such as the U.S. Open or other international events.
Who gets special invitations to the Masters?
The Masters committee has the discretion to extend special invitations to golfers who may not meet the above criteria but have demonstrated exceptional talent or accomplishments in the past.
For example, Joaquin Niemann, Ryo Hisatsune, and Thorbjorn Olesen all received special invitations to compete in the 2024 Masters, despite not being otherwise qualified.
How to bet on the Masters
The Masters is the most bet golf event of the year, so naturally, many will be placing their first golf bets on the 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 referred to as an outright. There are plenty of other ways to wager on most golf betting sites, however, including top finishers, head-to-head matchups, and plenty of props.
More major championship odds
| Event | Favorite | |
|---|---|---|
| PGA Championship odds | Scottie Scheffler | +400 |
| U.S. Open odds | Scottie Scheffler | +400 |
| Open Championship odds | Scottie Scheffler | +400 |
Odds courtesy of BetMGM as of March 5.
Masters odds FAQs
Who has the best odds to win the 2026 Masters?
Scottie Scheffler has the best odds to win the 2026 Masters at +300. That's an implied probability of 25%. Remember, odds are subject to change, so the favorite can shift as results and news move the market.
How often are 2026 Masters odds updated?
Books can adjust Masters futures at any time, especially after PGA Tour events, major news, or heavy betting action. On this page, the odds shown reflect the timestamp listed in the odds table. If you’re comparing prices, refresh the page and check the book’s current listing.
Do betting favorites usually win the Masters?
Not always. Masters outrights are a deep market, and even elite players win at a low rate in a single-event sample. Historically, many winners come from the short-to-mid range rather than the single shortest favorite. Use favorites as a starting point, then compare price to Augusta fit, current form, and alternative markets like Top 10/Top 20.
What’s the best way to bet the Masters besides outrights?
If you don’t want the volatility of an outright, consider Top 5/Top 10/Top 20 finisher bets or head-to-head matchups, which can better reflect form and course fit. Props can also offer angles without needing the winner.
Is Tiger Woods expected to play at the 2026 Masters?
Tiger’s status should be treated as uncertain. He said recently that a return to Augusta National in 2026 is "not off the table".
