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2021 Masters Odds: Ahead of Saturday, Spieth is the Favorite

According to the latest Masters odds, Jordan Spieth is the favorite to win the tournament.

Ahead of moving day at the 2021 Masters Tournament, Justin Rose sits atop the leaderboard at 7-under-par.

Will Zalatoris (-6), Brian Harman (-6), Marc Leishman (-5), Jordan Spieth (-5), Bernd Wiesberger (-4), Tony Finau (-4), Justin Thomas (-4), Si Woo Kim (-4), Cameron Champ (-4) and Hideki Matsuyama (-4) were all within striking distance prior to Saturday's round.

With the third round on the horizon, sportsbooks have been busy adjusting their odds for which man will slip on the green jacket this time around.

Spieth is the +400 favorite at Bovada, with Thomas (+550), Rose (+650), Zalatoris (+1200), Brian Harman (+1400), Finau (+1400), Xander Schauffele (+1600), Matsuyama (+1800), Marc Leishman (+2200) and Bryson DeChambeau (+2500) rounding out the top 10.

Here’s a look at the top 20 golfers with the best odds to win the Masters:

Masters Odds: Who Will Win the 2021 Masters?

2021 Masters Odds
GolferOdds
Jordan Spieth+400
Justin Thomas+550
Justin Rose+650
Will Zalatoris+1200
Brian Harman+1400
Tony Finau+1400
Xander Schauffele+1600
Hideki Matsuyama+1800
Marc Leishman+2200
Bryson DeChambeau+2500
Si Woo Kim+2500
Collin Morikawa+2800
Cameron Champ+3300
Cameron Smith+4000
Jon Rahm+4000
Bernd Wiesberger+5000

Odds as of April 10 at Bovada


For the first time in PGA Tour history, a major will be played back to back, with the 2021 Masters set for April 8-11 at Augusta National Golf Club.

Due to the COVID-19 pandemic, the 2020 edition of the most famous golf tournament in the world was postponed from its usual start date in early April. The rescheduled date for the Masters became November 12-15, 2020 – the first fall Masters in history.

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To put into perspective how unique a fall Masters was, keep this in mind: the Masters had been played 83 times since the inaugural event in 1934 and finished in April 82 times.

The only edition of the Masters that didn’t end in April was the first one, which ended in late March. The tournament was canceled from 1943 to 1945 because of the Second World War. 

2021 Masters Odds

When it comes to odds on which men have the likeliest chances to win the 2021 event, Bovada has you covered.

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, 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.

When and Where is the Masters?

  • Dates: April 8-11, 2021
  • Course: Augusta National Golf Club
  • Location: Augusta, Georgia
  • Field: 96 players
  • Prize fund: $11,500,000

Who Will Win the 2021 Masters?

Here’s a look at the golfers with the best odds to win the Masters:

2021 Masters Odds
GolferOdds
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

My 2021 Masters Odds Pick: Collin Morikawa +2800

The 2019-20 PGA Tour season was a great one for Morikawa, as the 23-year-old used the 2020 PGA Championship as his coming-out party. Morikawa dazzled at TPC Harding Park to earn the first major of his career in a two-stroke victory over runner-up Paul Casey.

Morikawa has earned the respect of both the betting public and oddsmakers alike. He no longer has the stress of participating in his first Masters after making his debut at the 2020 tournament. Morikawa had a T-44 showing at Augusta National, but I’m expecting him to build off that and be in the mix to win the 2021 Masters.

Morikawa’s iron play is incredibly well-suited for Augusta and he’s already proven he has what it takes to win a major tournament at the highest level. At +2800, he’s offering fantastic value for golf futures bettors in Masters odds.

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Johnson Claims Second Major of His Career at 2020 Masters

Johnson entered the Masters as the No. 1 player in the world rankings, and the American didn’t disappoint. Johnson took home his first-ever green jacket after finishing the Masters at 20 under, a tournament record.

DJ’s score was two strokes better than the previous tournament record, shared by Tiger Woods in 1997 and Jordan Spieth in 2015. Johnson also set a Masters record by recording only four bogeys, the fewest ever for a Masters winner.

Johnson’s path to winning the green jacket wasn’t a slam dunk, though. The 36-year-old bogeyed holes No. 4 and 5 in the final round to give him just a one-stroke lead over Sungjae Im at 14 under. He then carded a birdie two holes later to finish even for the front nine before notching four straight pars and three straight birdies to net him his final score of -20.

Cameron Smith (-15), Im (-15), Justin Thomas (-12), Rory McIlroy (-11) and Dylan Frittelli (-11) finished behind Johnson.

Who Are The Past 10 Masters Winners?

Masters Winners Over the Years
YearGolferOdds
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
2011Charl Schwartzel+5000

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 22 Masters (1934, 1935, 1940, 1947, 1949, 1954, 1959, 1968, 1972, 1988, 1992, 1996, 2004, 2005, 2008, 2010, 2012, 2013, 2016, 2017, 2018 and 2019).

Bryson DeChambeau recorded the first ace of his professional career here in 2019 on the par-3 16th hole on the final round.


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 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.

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.