Masters Week is nearly here, with the best players in the world now officially ramping up for their annual stop at Augusta National.
Leading the pack is none other than defending Masters champ and two-time winner Scottie Scheffler, who just finished one stroke shy of winning at the Houston Open.
Let's take a look at the top of the latest Masters odds. Check out our full breakdown below.
2025 Masters odds
2025 Masters favorites
Scottie Scheffler
Scottie Scheffler was favored to win every major in 2024, so it's no surprise to see books pegging the defending champ as the favorite to hold onto the Green Jacket in 2025.
The World No. 1 was able to hold off the likes of Ludvig Aberg to win at Augusta for the second time in three years. Even playing with the pressure of becoming a new daddy wasn't enough to slow him down.
The victory also put him in elite company, joining Tiger Woods as the only golfer to win the Masters and PLAYERS in the same year.
Rory McIlroy
Looking to join that list after recently winning at TPC Sawgrass, Rory McIlroy has seen his odds shrink to as short as +600.
THE PLAYERS is his second Tour win of the young season and his third worldwide victory since last year's FedEx Cup Playoffs (DP World Tour Championship).
His Augusta National shortcomings are well documented, but it's been many years since he's entered with this kind of form.
Masters field
The field at the Masters is selected to include a mix of past champions, top-ranked players, rising stars, and special invitees. Here is some of the criteria considered:
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) and other recognized world rankings usually receive invitations.
Special invitations: 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.
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.
Masters recent winners and odds history
The Masters has had its fair share of longshot winners over the years. Zach Johnson (2007), Trevor Immelman (2008), and Angel Cabrera (2009) all had odds of +12,500 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 |
|---|---|---|
| 2024 | Scottie Scheffler | +375 |
| 2023 | Jon Rahm | +900 |
| 2022 | Scottie Scheffler | +1,800 |
| 2021 | Hideki Matsuyama | +5,000 |
| 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 |
Odds courtesy of GolfOdds.
Masters betting trends
- Augusta National experience: Nine of the last 11 Masters winners played in 3+ Masters before their win. Eight of the last 11 winners had previously logged a Top-5 finish at the Masters.
- Best of the best: The last 11 Masters winners ranked inside the World Top 25.
- Great form: Eight of the last 11 Masters winners logged a recent tournament win (previous seven events).
- Ball-striking prowess: The last four Masters winners ranked seventh or better in the field in greens-in-regulation percentage (GIR%).
- Taking advantage: The last five Masters winners ranked 13th or better 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. Schwartzel was the biggest longshot to win when he surprised the golfing 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 Masters winners: Before Woods won in 2019 at age 43, the previous 13 winners had all been under the age of 40 at the time of victory. Dustin Johnson (36), Hideki Matsuyama (29), Scottie Scheffler (25, 27), and Jon Rahm (28) have continued that trend over the last five years.
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 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, however, including top finishers, head-to-head matchups, and plenty of props.
How to read Masters betting odds
Betting odds for The Masters, like other sporting events, can be presented in various formats, including American odds, fractional odds, and decimal odds. However, American odds are commonly used in the United States for sports betting. Here's how to read Masters betting odds in American format:
Positive odds: Positive odds indicate the potential profit on a $100 bet. They are typically associated with underdogs or less likely outcomes.
For example, if you see odds of +500 on a golfer to win the Masters, it means a $100 bet on that golfer would potentially yield a $500 profit if they win. Your total return would be $600 ($100 stake plus $500 profit).
Negative odds: Negative odds indicate how much you need to bet to profit $100. They are usually associated with favorites or more likely outcomes.
For instance, if you see odds of -150 on a golfer to win the Masters, it means you would need to bet $150 to potentially win $100 in profit. Your total return would be $250 ($150 stake plus $100 profit).
Whether positive or negative, the odds provide insight into the perceived likelihood of a golfer winning the tournament. Higher positive odds indicate that the golfer is less likely to win but could yield a higher return if successful. Lower negative odds suggest that the golfer is favored to win but may yield a smaller return due to the higher probability of success.
More major championship odds
| Event | Favorite | Odds |
|---|---|---|
| 2025 PGA Championship odds | Scottie Scheffler | +470 |
| 2025 U.S. Open odds | Scottie Scheffler | +470 |
| 2025 Open Championship odds | Scottie Scheffler | +600 |
Odds courtesy of bet365.
Masters Odds FAQs
Scottie Scheffler has the best odds to win the 2025 Masters.
Tiger Woods made his 24th cut at The Masters, but finished the tournament +16 over the course of the weekend.
Tiger Woods was +1,200 to win the Masters in 2019, +350 in 2005, +200 in 2002, +150 in 2001, and +800 in 1997.
