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2021 Masters Odds: Top Picks & Predictions

According to Masters odds, Jordan Spieth is a great bet to win his second green jacket at Augusta National.

It’s that time of the year again. On the heels of a never-before-seen November Masters, the biggest tournament in golf is set to take center stage yet again at Augusta National Golf Club from April 8-11.

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With the esteemed event shifting back to its natural April date, golf bettors around the world are licking their chops to get some action down on golf’s grandest stage. When it comes to Masters odds, the 2021 edition of the tournament is presenting plenty of value.

2021 Masters Odds

For the latest Masters odds, Bovada has you covered. To no one’s surprise, a familiar face is topping the leaderboard.

Dustin Johnson, the 2020 Masters champion, is the +900 favorite in Masters odds to go back to back. Bryson DeChambeau (+1100), Justin Thomas (+1100), Jon Rahm (+1200) and Jordan Spieth (+1200) are behind Johnson in Masters odds.

To find out all the ways you can bet on 2021 Masters odds, check out our How to Bet on the Masters page. If you’re looking for the best sportsbook to wager on Masters golf odds, check out our Best Golf Betting Sites page.

2021 Masters Odds

Take a look at the golfers with the best odds to win the Masters:

Odds to Win the 2021 Masters
Dustin Johnson+900
Bryson DeChambeau+1100
Justin Thomas+1100
Jon Rahm+1200
Jordan Spieth+1200
Rory McIlroy+1800
Brooks Koepka+2200
Patrick Cantlay+2200
Xander Schauffele+2200
Collin Morikawa+2800
Patrick Reed+3300
Tony Finau+3300
Viktor Hovland+3300
Cameron Smith+4000
Daniel Berger+4000
Lee Westwood+4000

Odds as of April 8 at Bovada

For a full betting breakdown of the tournament, check out our main Masters odds article. To see the litany of betting props associated with the tournament, head over to our Ultimate Masters Betting Props page.

2021 Masters Predictions

Jordan Spieth +1200

It’s hard to believe Spieth is tied for the third-best odds to win the Masters, but his recent play has him once again setting up to be a contender at a course where he’s had some major ups and downs.

Spieth finally broke out of a four-year winless slump last week at the Valero Texas Open to notch the 12th win of his tour career. The Texan is full of confidence right now, which is not something that could’ve been said about him in recent years.

Spieth’s +1200 price is not exactly great value, but he’s been set that high on the oddsboard for a reason. This man loves playing at Augusta National, and his results here speak for themselves.

In addition to a win in 2015, Spieth has the lowest score to par at the tournament since 2014 (43 under par). With his recent re-emergence, it would be a massive feel-good story if Spieth can slip on his second green jacket. 

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Brooks Koepka +2200

It wasn’t even official that Koepka would be playing at the Masters until he showed up to the driving range on Monday. Rumors surrounding him missing the tournament were swirling after the American underwent a knee procedure 19 days earlier.

Koepka has pronounced himself good to go after previously stating he wouldn’t risk it unless he felt he could win. It doesn’t matter that he hasn’t teed it up in over a month – this guy is an automatic bet in major tournaments.

Here’s a look at Koepka’s last three showings at Augusta National: T-7, T-2 and T-11. He’s come within striking distance of a green jacket, and I think his time could be now to become a Masters champion.

Koepka is a four-time major winner, claiming the 2017 and 2018 U.S. Open and the 2018 and 2019 PGA Championship. He’s a big-time player who is well worth the +2200 shot in Masters odds.

Patrick Reed +3300

Reed, widely considered the most disliked player on the PGA Tour, is never one to shy away from creating waves in one way or another on the course. Even if you’re not a fan, it’s important to set your personal feelings aside. The 2018 Masters champion absolutely could claim his second green jacket on Sunday.

Reed finished T-10 at the 2020 Masters in a consistent showing from start to finish. The 30-year-old has been in good form in 2021, highlighted by a win at the Farmers Insurance Open in January.

There’s no questioning Reed’s familiarity with Augusta National. In his last 12 rounds at the course, Reed has carded scores in the 60s on six occasions.

Cameron Smith +3500

Smith became the first player in Masters history to shoot all four rounds in the 60s at the 2020 tournament in a runner-up finish. Nobody was catching the red-hot Johnson last year, so it’s hard to fault Smith for not winning the whole thing.

Smith is knocking on the door of a Masters win after placing T-5 here in 2019. He’s been playing well of late, finishing fourth at the Genesis and T-11 at the WGC-Workday Championship.

The Aussie ranks in the top 25 in strokes gained: total, putting and around the green. Based on his recent form, excellent performance on the greens and his history of coming close to winning this event, I think he should be higher in Masters odds, so take the +3500 pre-tournament price and run.

Matthew Fitzpatrick +5000

Fitzpatrick is coming into the Masters on a hot run, posting T-5, T-11, T-10 and T-9 finishes in his last four starts.

The Englishman’s best showing at Augusta National was a T-7 back in 2016. Since then, he’s posted a solo 32 in 2017, T-38 in 2018, T-21 in 2019 and a disappointing T-46 in 2020.

Don’t let last year’s result scare you off from backing him, though – Fitzpatrick’s game is primed to have him finishing high on Sunday. He’s an incredibly hard worker who’s added some distance off the tee in the last year.

The biggest thing working in Fitzpatrick’s favor is his hot putting. Mastering the greens at Augusta is no joke, and if he can keep up his success with the flat stick, he’s a great value play at +5000 in Masters odds.

Why is the Masters So Unique?

Make no mistake, the Masters is undoubtedly the biggest golf tournament in the world. Due to its prestige, winning the Masters is the greatest individual achievement a golfer can accomplish.

There is one significant edge to keep in mind about the Masters. The tournament is the only major that does not change its setting every year. Augusta National has always been the only course to host the Masters, meaning players who have a good track record at the venue are much more reliable.

There have been some changes to Augusta over the years, but the course has played essentially the same since the 1970s.

Don’t Forget About the Masters Props

Props are arguably the most fun form of golf betting, and there’s no shortage of props available at sportsbooks for the Masters. 

The variety of props can include the winner’s nationality, whether or not there will be a hole-in-one, how many players will finish under par and what color T-shirt the eventual champion will wear on Sunday.

You can find significant value in props, so while they’re meant to be fun, they’re also an excellent way to make some money. One of the most lucrative props is to bet on a specific player to either make or miss the cut.

Let’s say Player A has missed the cut at the Masters in six straight years. If Player A is getting set to tee it up at Augusta National for the seventh straight year and you can get odds on him to miss the cut in plus money, that seems like a wise wager.

Odds Shark’s Golf Pages

These pages will help you handicap your golf bets:

  • Betting News: All the golf betting news necessary to give you an edge when placing your wagers on the Masters.
  • Odds/Futures: A comprehensive list of every golfer and their odds for upcoming tournaments.
  • Best Golf Sites: A breakdown of the top sportsbooks on the internet to wager on golf.