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2022 Masters Odds: Four-Way Tie at the Top

According to 2022 Masters odds, four players are favored to slip on the green jacket at Augusta National Golf Club.

With yet another thrilling weekend at Augusta National Golf Club in the books, sportsbooks haven’t missed a beat by already releasing odds on which golfer will win the 2022 Masters.

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At Bovada, it’s a four-way tie at the top of Masters odds lists, with Dustin Johnson, Jon Rahm, Jordan Spieth and Justin Thomas sharing +1100 odds to slip on the green jacket next year.

Bryson DeChambeau (+1600), Rory McIlroy (+1600), Brooks Koepka (+1800), Xander Schauffele (+2000), Hideki Matsuyama (+2500) and Patrick Cantlay (+2800) round out the top 10 likeliest contenders at the shop.

To find out all the ways you can bet on 2022 Masters odds, we have you covered. If you’re looking for the best sportsbook to wager on Masters golf odds, check out our Best Golf Betting Sites page.

Who is Favored to Win the 2022 Masters?

2022 Masters Odds
GolferOdds
Dustin Johnson+1100
Jon Rahm+1100
Jordan Spieth+1100
Justin Thomas+1100
Bryson DeChambeau+1600
Rory McIlroy+1600
Brooks Koepka+1800
Xander Schauffele+2000
Hideki Matsuyama+2500
Patrick Cantlay+2800
Patrick Reed+2800
Cameron Smith+3300
Collin Morikawa+3300
Tony Finau+3300
Viktor Hovland+3300
Webb Simpson+3300
Will Zalatoris+3300
Daniel Berger+4000
Scottie Scheffler+4000
Tiger Woods+4000

Odds as of April 30 at Bovada

Who Has the Edge at the Top of Masters Odds?

This is the first time in recent memory that there’s been a four-way tie at the top of Masters odds, but it makes sense considering the caliber of the four men. 

Johnson, the 2020 Masters champion at the first-ever November tournament, failed to follow up on his success last year by missing the cut in 2021. Bettors shouldn’t fret over DJ failing to see the weekend, however. Johnson has the talent to win on any given week, as his 24 career PGA Tour victories speak for themselves. It’s a safe bet to expect him to bounce back at the 2022 Masters.

Rahm Still Seeking First Major Win

Rahm has been given the unfortunate label as the best PGA Tour player yet to win a major, but the Spaniard’s time in the sun is coming. Rahm, who posted a T-5 finish at the 2021 Masters, had the round of the day on Sunday by shooting a 6-under 66.

It was too little, too late for Rahm to catch the players ahead of him, but it was a great sign for golf bettors that he’s ready to put a solid four rounds in and conquer Augusta National in the near future.

Can Spieth Win His Second Masters Title in 2022?

The golfing world was seemingly united in rooting for Spieth at the 2021 Masters, and the Texan managed to post an impressive T-3 finish. Spieth’s career has been a roller-coaster over the last few years, but his track record at Augusta is something to behold.

If Spieth is going to win another major, it’s very likely going to happen at the Masters. Don’t be surprised if the 2015 Masters champ adds another green jacket to his collection in 2022.

Thomas Fails to Capitalize on 2020 Masters Momentum

Considering how much winning Thomas has done on the PGA Tour over the years, it’s a surprise he has only one major championship under his belt (2017 PGA Championship).

Thomas’s fourth-place finish at the 2020 Masters was his highest at the tournament, but he failed to follow that up in 2021 at T-21. Thomas is certainly going to win more majors before his career is done, but I’m not overly confident a win at Augusta is going to happen any time soon, so golf bettors would be wise to stay away from his +1100 Masters odds.

When and Where is the Masters?

  • Dates: April 7-10, 2022
  • Course: Augusta National Golf Club
  • Location: Augusta, Georgia
  • Field: 96 players
  • Prize fund: $11,500,000

Matsuyama Claims First Career Major Win at 2021 Masters

Ten years after making a sterling debut as the best amateur at Augusta National, Matsuyama made history at the 2021 Masters by becoming the first Japanese winner of the green jacket.

Matsuyama, who opened the week with +4600 Masters odds to go all the way, closed Sunday with a 1-over 73 and a one-shot victory over runner-up Will Zalatoris at -10. 

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The 29-year-old stretched his lead to six shots on the back nine until a few moments of drama at the end. Holding a four-shot lead, he went for the green in two on the par-5 15th hole and it ended up going in the water. Matsuyama earned a bogey on No. 15, but Xander Schauffele earned his fourth straight birdie in the process.

That’s where the drama ended, however, as Schauffele’s tee shot on the par-3 16th bounced off the hill and went into the pond. His third shot from the drop area then went into the gallery before he ended up with a triple-bogey 6. Matsuyama’s price to go back to back at next year’s tournament is sitting at +2500 in Masters odds.

Schauffele (-7), Jordan Spieth (-7), Jon Rahm (-6) and Marc Leishman (-6) finished behind Matsuyama.

Who Are The Past 10 Masters Winners?

Masters Winners Over the Years
YearGolferOdds
2021Hideki Matsuyama+4600
2020Dustin Johnson+1000
2019Tiger Woods+1200
2018Patrick Reed+4000
2017Sergio Garcia+3000
2016Danny Willett+5000
2015Jordan Spieth+1000
2014Bubba Watson+2000
2013Adam Scott+2500
2012Bubba Watson+5000

How to Read Masters Odds

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. To learn more about the various ways to wager on golf, check out our How to Bet on Golf page.

Considering sportsbooks have Dustin Johnson as the +1100 co-favorite to slip on the green jacket in Masters odds, that means a $100 bet on him to win the Masters Tournament would pay out $1,200 – your bet amount of $100 plus winnings of $1,100.

The Masters is an incredibly tough tournament to win, so there is risk involved in pre-tournament bets given the significant amount of competition in the field. But Johnson’s immense talent and past success in majors makes him an appealing option despite the shorter odds.

On the other side of the fence, a golfer like Zach Johnson would be considered a long shot to emerge triumphant at the Masters. According to the latest Masters odds, Johnson has +20000 odds to go all the way in Georgia. A $100 bet on him to win outright would pay out $20,100 – your $100 is returned coupled with your winnings of $20,000.

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. For a full list of 2021 Masters odds and props, check out our Ultimate Masters Prop Bets Page.

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 in Masters odds.

Will Anyone Hit a Hole-In-One at the Masters?

Since its inception in 1934, there has been at least one hole-in-one in 23 Masters (1934, 1935, 1940, 1947, 1949, 1954, 1959, 1968, 1972, 1988, 1992, 1996, 2004, 2005, 2008, 2010, 2012, 2013, 2016, 2017, 2018, 2019 and 2021).

Both Corey Conners and Tommy Fleetwood hit holes-in-one at the 2021 Masters, with both aces coming on hole No. 16.

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.