How to Bet on The Masters

If you are a Golf fan, the Masters is one of the biggest events on the sporting calendar, the best golfers in the world will tee it up at Augusta National in the first major of the year. This of course, is the Masters and with that, there are plenty of betting opportunities to look forward to.

Our article will give you everything you need to know in regards to how to bet on the Masters, and more specifically, how to bet on the Masters online. In addition to that, we will also provide you with Masters betting strategies, what to avoid when Masters betting, and where to bet on the Masters.

🔎Where is Masters betting legal?

Before we explain how to bet on the Masters, you will first need to know where you can legally bet on the Masters in the US. 

Below we have listed the current states with regulated sports betting, therefore being where you can bet on the Masters: 

• Arizona
• Colorado
• Connecticut
• Iowa
• Illinois
• Indiana
• Kansas
• Kentucky
• Louisiana
• Maine
• Massachusetts
• Maryland
• Michigan
• New Jersey
• New York
• North Carolina
• Ohio
• Pennsylvania
• Tennessee
• Vermont
• Virginia
• West Virginia 
• Wyoming
• And Washington D.C.

⛳ How to bet on The Masters

To explain how to bet on the Masters online, below we have created a detailed step-by-step for you to follow:

1. Find a Sportsbook that’s available in your state
2. Sign-up to your chosen sportsbook via one of our links to claim a welcome bonus
3. Enter your personal information 
4. Upload any required documentation 
5. Confirm your account
6. Make your first deposit 
7. Click the “Golf” tab from the sportsbooks’ homepage
8. Find the Masters Tournament 
9. Select the Masters Betting market you want to bet
10. Select the odds of the bet you want to make 
11. Go to your bet slip
12. Enter the amount of money you want to bet
13. Confirm your bet
14. Enjoy your bet

🔓Where to bet on Masters online

The section below will further discuss where to bet on the Masters by providing you five sportsbooks and reasons to bet on the Masters at each one. Keep in mind that the sportsbooks available to you depends on which state you are located in. 

We also recommend considering which sportsbooks currently have the best sportsbook promo codes so you can make use of bonus bets when betting on The Masters.

Check out our picks for the top Masters sportsbooks:

DraftKings is a recommended sportsbook because they offer the widest variety of betting markets.

New members who sign up for a new account with DraftKings Sportsbook have the chance to earn $200 in bonus bets. You don't even need a DK promo code. After joining and depositing $5+, place a first bet of at least $5 on any market and whatever the outcome you'll get $200 in bonus bets.

With FanDuel, you can play a ton of Daily Fantasy Sports for the Masters or place traditional wagers.

To claim, new users need to register, make a first-time deposit of $5 or more, and then simply place their first real-money wager on any FanDuel Sportsbook market (no odds limits) that is live on platform. All users will receive their $200 in Bonus Bets If Your Bet Wins within 72 hours of the bet settlement.

A big reason to bet on the Masters at Caesars is because of their rewards program. This can earn you reward credits, which can be redeemed to earn exclusive benefits, such as free hotel stays.

New users registering an account with Caesars can double their winnings on their first 10 bets. Place a first bet of just $1 and your next 10 bets will earn double the winnings.

Bet365 is another great option because of their live streaming options. With this, you can watch your best bets for the Masters live.

New Bet365 customers can claim $150 in bonus bets from just a $5 first bet. Place a first bet of $5 or more and regardless of whether it wins or loses you get $100 in bonus bets.

Another sportsbook that offers betting on the Masters is BetMGM. They offer extensive live betting, so you can always find worthwhile bets while the tournament is going on.

BetMGM Sportsbook's new-user promotion gives a $1,500 worth of first-bet protection. Make a first bet up to $1,500, and if that bet loses, you'll get it back in bonus bets.

💸How Masters betting works

Masters betting works like most other betting that involves a money line market. You just need to click the odds of your best bets for the Masters, enter how much you want to bet, and confirm your bet.

🎯Popular Masters betting types

One of the advantages of Masters betting is the wide range of markets to choose from. Below we have briefly described some of the most important markets available.

Masters Head-to-Head Matchups

 A popular market for Masters betting is head-to-head matchups. This pits two golfers against each and the bet is which player will have a better score once the tournament is over. You can also target a specific round for these matchups.

Masters Round Score

A round score bet is similar to an over/under bet, but in this case, you will need your player to score over or under the target score. So for example, a player could have a target score of 68.5 and you will need to determine if the player will shoot 68 or lower or 69 or higher.

Masters Top Finishes

The top finishes market is betting on where a player will finish. Maybe there is a player you like, but do not think they will win. You can then bet them to finish Top 5, Top 10, Top 20, Top 30 or even Top 40.

Other popular Masters bets

Other popular markets include the make/miss cut market, first round leaders, or betting on scores for individual holes.

🔮Masters odds & betting lines explained

The main betting market for the Masters is the money line. This essentially means that you are betting on a player to win the tournament. With that, the money line odds in golf and the Masters tend to offer huge payouts.

🧐How to read Masters odds & betting lines

Because a money line bet is the main market for the Masters, below we have explained how to read these odds:

• Player 1: +800
• Player 2: +3500
• Player 3: +8000

With golf, you will usually see tournament favorites at odds of >+1000. In this case, Player 1 is the favorite at +800. This means a $100 bet would return $800 in profit if they win the tournament.

Player 2 has mid-tier odds of +3500, and a $100 bet would return $3,500 in profit. As for Player 3, they would be considered a longshot at odds of +8000. In this case, a $100 bet would return $8,000 in profit.

👌Why bet on Masters?

I enjoy Masters betting because of how iconic the Masters is. While it might not have the same popularity as the Super Bowl, the Masters is one of the biggest golf events of the year making it the top event for golf betting for both new and experienced bettors. 

Further, there are so many ways to bet on the Masters, making it an enjoyable experience to have the chance at winning big.

📈Masters betting trends

Masters betting trends can be hard to come by, but a trend to look for is how each player plays at this specific tournament, their performances at the other majors and their overall season so far. Making your bets for the Masters based on these factors gives you a base of knowledge for smarter golf betting. With that in mind, there are some stats that back this up and are useful to know when betting on The Masters.

• 14 of the last 16 winners had at least four tournament wins
• 8 of the last 11 winners had a tournament win in the seven events leading up to The Masters
• 13 of the last 15 winners had a top six finish in a major in the two years before winning The Masters
• 9 of the last 10 winners were younger than 40
• Tiger Woods is the only pre-tournament favourite to win The Masters since 2000 (in 2001, 2002 and 2005)

🤔Masters betting strategies

Before you start Masters betting, below we have listed some recommended betting strategies to consider:

Basic – Recent Form

One strategy to betting the Masters is looking at the recent form of the player you want to bet on. If this player has been missing the cut week after week, it may be best to avoid betting them in a tournament as prestigious as the Masters. Finding who has won a tournament leading up to The Masters is a sign they are on good form.

Intermediate – Course History

Another strategy for betting the Masters is looking at the players’ course history. Since the Masters is always played at Augusta National, it is easy to find how they fared in previous years and make your bets based on that, considering those who have come close in recent years is a good strategy.

Advanced – Driving, Irons, Short Game, Putting Stats

If you want a more advanced strategy to betting on the Masters, it will be important to look at the different stats of the player in question. This can include driving stats, such as distance and fairway percentage. Also, irons, short game (chipping, bunkers), and putting. Looking at the latest rankings for specific skills such as these is often how our golf experts make their picks and predictions.

❌Things to avoid when betting on Masters

Like with any sports betting, there are some things to avoid when Masters betting. Below we have listed some of the things to avoid:

• Only betting favorites
  • Golf is crazy for the fact that any player can win any tournament. Because of that, you will want to avoid only betting players at the top of the betting board. Betting a favorite or two is fine, but it is also important to take guys with longer odds to increase your potential profits.

• Only betting top ranked players
  • In addition to not only betting favorites, a common misconception is that the top ranked players in the world are going to win every tournament. While these players do win, the best golf bets often target rising stars rather than those big names that have been at the top of the rankings for a long time.

📱Betting on Masters games with mobile apps

Yes, Masters betting is available through multiple mobile apps. To use mobile apps, you will need to download them from the App Store or Google Play Store, create an account through our links to claim your welcome bonus and then download your new sportsbooks’ app to place your bets on your mobile device.