How to bet on The Masters golf

08 Jul 2021
Phil Lowe 08 Jul 2021
Share this article
Or copy link
  • Betting on the US Masters?
  • Get our Masters Golf Betting Guide!
augusta flag
Follow the Masters from Augusta National Golf Club (Getty Images)

How to bet on The Masters golf

Golf is one of the most popular sports in the world to have a flutter on and the sports four major events are among some of the most profitable in the world for bookmakers and punters alike. 

Arguably the most popular of those four majors is The Masters or The US Masters as it is also known. 

The event brings the sport’s finest onto one course for a week of exciting action and draws a global audience of millions. 

The Masters is an excellent way for punters to make a bit of cash, so if you’re looking to be doing that the next time the tournament rolls around, then check out the following guide to find out everything you need to know about how to bet on The Masters. 

The Masters schedule 

The Masters is one of the four majors in golf that takes place outside of the usual PGA and European tours. 

The event is the first major of the year and takes place during the first week of April, with the majority of the tournament’s important action taking place between Thursday and Sunday. 

Unlike the rest of the majors, The Masters is held in exactly the same location every year- the Augusta National Golf Club in Augusta, Georgia, which is considered to be hollowed ground among fans and golfers alike. 

Of the four majors, The Masters features the smallest field of golfers and unlike the other events, it doesn’t feature any sort of qualification process and is instead an invitation-only event. 

Types of bets 

There is a huge market for betting on The Masters, the following are the most common: 

Masters outright winner

The most common type of bet placed at The Masters, this bet is when you choose which golfer you believe is going to win the entire tournament. 

Due to the nature of The Masters, it is rare you will get an outsider who wins the event but at the same time, betting on a favourite will probably not prove to be too fruitful. 

Masters each-way betting

An each way bet is effectively two bets rolled into one, one of the selected golfer to win the tournament, another for them to place in the tournament. 

What constitutes a placement will vary from bookmaker to bookmaker, with some offering second through to fourth, and others offering second through to sixth. 

Obviously, the further down your golfer places, the lower your returns, so it is worth doing your research with this one to see what individual bookies are offering. 

These types of bets are incredibly popular at The Masters for two reasons- one of which is that if a favourite gets off to a slow start, then they may struggle to regain ground, the other is because there is more chance of a debutant or an outsider placing than there is of them winning. 

Top 10/20 placement

Often considered a bit of a safer way of voting, a top 10/20 placement bet is when you select whether a golfer is going to finish in the top 10 or 20 of the tournament’s final standings. 

These bets can prove to be fairly lucrative if you have a good eye for talent. The bookmakers tend to offer very good odds on some golfers here as they often bank on the usual faces making an appearance here. 

Special Bets

Due to the more narrow field at The Masters, bookmakers will often have a wide variety of markets available to punters to keep things interesting. 

Outside of the typical nationality and individual player special betting, you will also find markets such as the highest placing amateur, which is very popular among punters during this tournament. 

There will also be the usual novelty style bets, with hole in one bets being incredibly popular at The Masters due to the fact that a lot of the holes are fairly long and as such, the chances of a hole in one are much lower, and the odds are much higher. 

Where to bet

Due to the popularity of The Masters, most bookmakers will offer a fairly wide range of markets on the event, so when it comes to choosing which one you would rather use, it will mostly come down to which one offers the best odds or offers. 

With each way betting so popular at The Masters, it is worth comparing what placements each individual bookmakers offer. Keeping an eye on which bookies offer the best in-play odds is also recommended at The Masters, with games and odds likely to shift quite quickly during play. If you have any questions about any of the bookmakers and which ones are the best to use, feel free to check out our bookmaker reviews using the drop-down menus at the top of the page. You can also use our useful guides about claiming sign-up bonuses while you’re there. 

The Masters betting strategy 

Due to the format and the nature of The Masters, it can be, in many ways, the most difficult of the four majors to place a bet on. 

The invitation-only nature of The Masters does mean that the odds are going to be more narrow than they would be at other events, sheerly based on the number of golfers competing. 

With such a strong field here, hedging your bets on some each-ways is often advisable, as it is very uncommon that an outsider or a debutant is victorious at the event. 

With The Masters taking place at the same place every year, it is also important to study golfers former form at The Masters. It is also highly common for a returning golfer to win at the tournament. 

The course at The Masters also tends to favour long-hitters, so it is worth checking up on player’s driving distances here.