2023 Masters Odds

2023 Masters Odds: McIlroy, Scheffler, Rahm Co-Favorites

The year’s first major championship is almost here, meaning it’s time to pick a winner.

We’ve got a three-way tie at the top of 2023 Masters odds, with Scottie Scheffler, Jon Rahm and Rory McIlroy all at +800 to win the tournament. Those +800 odds come with an 11.11 percent implied probability to win.

Outside of the Masters predictions found below, we also have a Masters sleepers and long shots page as well as the ultimate Masters prop bets page for even more Masters betting opportunities. The tournament will run from Thursday, April 6, to Sunday, April 9, and as always takes place at Augusta National Golf Club in Georgia.

Check out below for our complete 2023 Masters odds and picks:

The 2023 Masters Odds: Big Names Crowd Top Of List 

2023 Masters Odds
Scottie Scheffler+800
Jon Rahm+800
Rory McIlroy+800
Cameron Smith+1600
Jordan Spieth+1600
Max Homa+2000
Justin Thomas+2000
Will Zalatoris+2000
Collin Morikawa+2000
Patrick Cantlay+2200
Xander Schauffele+2200
Tony Finau+2800
Viktor Hovland+3300
Dustin Johnson+3300
Hideki Matsuyama+3300
Matthew Fitzpatrick+3300
Cameron Young+3300
Sungjae Im+3300
Tiger Woods+4000
Tom Kim+5000
Tyrrell Hatton+5000
Brooks Koepka+5000
Shane Lowry+5000
Rickie Fowler+5000
Sam Burns+5000
Aaron Wise+6600
Bryson DeChambeau+6600
Corey Conners+6600
Joaquin Niemann+6600
Justin Rose+6600
Patrick Reed+6600

Odds as of March 23, 2023

Can Jon Rahm Finally Win The Masters?

Among the three co-favorites, the most eyes will be on Rahm. The Spaniard has been at the top of the golf game for the last few years, ranking as the world No. 1 or just below since the beginning of the 2020 season. He’s won the U.S. Open and finished within the top five in every other major at some point in his career. But he’s never put on the green jacket.

Rahm has finished inside the top 10 in four of his last five cracks at Augusta, and it wouldn’t surprise anyone if he finally got the Masters title this year. 

What To Know About Betting Augusta National

August National is one of the most iconic and difficult courses on the PGA Tour. It plays over 7,400 yards and has one of the longest average par 4/5 lengths on the tour. With wide fairways and difficult play around the greens, there are two key stats to home in on when picking a Masters winner this year: greens in regulation and driving distance.

If players can boom one down the wide fairways and then get on the green, they’ll have a good shot at chasing the green jacket. Four of the top 10 players in greens in regulation last year (Scheffler, Conners, Zalatoris and Im) finished inside the top eight at last year’s Masters.

Long-Shot 2023 Masters Picks To Consider: Patrick Cantlay (+2200)

Cantlay has everything we’re looking for in a Masters pick at this point in the year. He ranks top 10 this year in greens in regulation and average drive distance, and has two top-20 finishes at Augusta on his track record already.

While Cantlay has never won a major, he did finish inside the top 15 in his previous two major tournaments, the U.S. Open and the Open Championship.

Corey Conners (+6600)

Conners is closing in on a green jacket. Despite owning just one professional win in his career, he always seems to rise to the moment at Augusta.

The Canadian has finished inside the top 10 at the Masters in each of the last three years, improving on his ranking each time. He’s made the cut in four of his five attempts at Augusta and finished in sixth place last year.

Mito Pereira (+11000)

Pereira has never even played the Masters before, but he’s got the recipe of a winner.

Before Pereira left the PGA Tour for LIV, he ranked fourth in greens in regulation and second in average drive distance. In fact, Rahm and Pereira were the only golfers who ranked within the top 10 in both driving distance and greens in regulation, before he departed.

It’s hard to get a gauge of his current form, as Pereira hasn’t matched up against PGA competition in 2023, but he came third at the 2022 PGA Championship and at these odds it’s worth a bet he carries over that major success to the Masters.

Masters Betting History

Last 10 Masters Champions
2022Scottie Scheffler-10
2021Hideki Matsuyama-10
2020Dustin Johnson-20
2019Tiger Woods-13
2018Patrick Reed-15
2017Sergio Garcia-9
2016Danny Willett-5
2015Jordan Spieth-18
2014Bubba Watson-8
2013Adam Scott-9

How Do Masters Betting Odds Work?

Looking at golf odds can be complicated if you’re new to betting on the sport, so don’t worry if it’s a little overwhelming at first. Learning how to bet on golf is fun and easy at Odds Shark, but it’s important to understand the basics of golf betting and odds before you go all-in on Tiger Woods to win the 2023 Masters.

If a sportsbook listed Woods at +2500 to slip on the green jacket, a $100 bet on Tiger to win the Masters would pay out $2,600 for a net profit of $2,500. Use Odds Shark’s betting odds calculator to calculate your future winnings.

Why Is Betting On 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. For us golf bettors, too, there is no greater feeling than cashing in an outright winner on a Sunday in April. 

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 in Masters betting.

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

Masters Betting FAQ

When will the Masters be held?

The 2023 Masters will be held from April 6-9 at Augusta National Golf Club. For more up-to-date golf information, visit our PGA Tour page.

What kind of bets can I make on the Masters?

From props to futures and head-to-heads, there are several ways to bet on the action at Augusta National Golf Club! Head over to our How to Bet on the Masters page for a detailed breakdown of all your Masters betting options.

Who is favored to win the Masters?

Scottie Scheffler, Jon Rahm, Rory McIlroy and Cam Smith are the likeliest candidates to win the 2023 Masters Tournament, according to sportsbooks.