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Masters Betting Odds 2023: Rahm, Rory, JT Favored Early

The early odds are in for the 2023 Masters. Jon Rahm sits at +1,100 alongside Justin Thomas and Rory McIlroy, while this year's winner Scottie Scheffler is currently listed at +1,400. Check out the full 2023 Masters odds here.

Last Updated: May 8, 2022 4:01 PM ET Read Time: 5 min
Jon Rahm Masters PGA Tour
Photo By - USA TODAY Sports

The 2022 Masters may be over, but it's never too early to look forward to 2023, with odds for next year's tournament now available. 

Jon Rahm, Justin Thomas, and Rory McIlroy lead the odds board at +1,100, followed by Cameron Smith and 2022 winner Scottie Scheffler at +1,200.

After his shocking return to pro golf, five-time Green Jacket winner Tiger Woods is also on the board at +5,000.

Get the full breakdown in our full 2023 Masters odds update below. 

2023 Masters odds

Golfer Odds
Jon Rahm +1,100
Justin Thomas +1,100
Rory McIlroy +1,100
Cameron Smith +1,200
Scottie Scheffler +1,200
Dustin Johnson +1,400
Collin Morikawa +1,800
Brooks Koepka +1,800
Patrick Cantlay +2,200
Jordan Spieth +2,500
Xander Schauffle +2,500
Viktor Hovland +2,800
Bryson DeChambeau +2,800
Hideki Matsuyama +3,000
Will Zalatoris +3,000
Shane Lowry +4,000
Corey Connors +5,000
Daniel Berger +5,000
Joaquin Niemann +5,000
Matthew Fitzpatrick +5,000
Sam Burns +5,000
Sungjae Im +5,000
Tiger Woods +5,000

Odds courtesy of bet365 as of May 6, 2022

Favorites to win the 2023 Masters

Jon Rahm (+1,100)

After a miniature drought came to an end at the Mexico Open last week, the Spaniard is back in the Winner's Circle and looking like his best self once again. Remains a major championship force with Top-8 finishes in all four majors in 2021, including a win at last year's U.S. Open at Torrey Pines. 

Finished just T27 at Augusta in 2022 with rounds of 74, 72, 77, and 69, but otherwise has a strong history at the prestigious track. He'll be eager to get back into contention as he chases his first Green Jacket. 

Rory McIlroy (+1,100)

Rory McIlroy's chase for the major championship grand slam fell one spot short in 2022, shooting up the board into solo-second after an explosive final-round 64.

Has a great history here at Augusta National, with a plethora of Top-10 finishes to his name, but will 2023 be the year he finally gets over the hump?

Justin Thomas (+1,100)

Justin Thomas's ball-striking dominance can't be overstated, but a win on Tour has eluded him for over a year dating back to his win at the 2021 PLAYERS Championship. 

At the 2022 Masters, JT struggled on Thursday (4-over 76) but bounced back with a second-round 67. Played solid over the weekend with two rounds of 72 and sneaked his way into another Top-10 finish.

His game fits well here at Augusta National, and it's a matter of when, not if he wins another major championship. Only will tell if that comes here at the Masters. 

Tiger Woods odds to win the 2023 Masters

Tiger Woods showed flashes of quality golf during his well-documented return to Augusta in 2022, but his body ultimately held him back from weekend contention. Rounds of 71 and 74 got him to the weekend where he fell flat with back-to-back rounds of 78.

It's becoming more and more likely he suits up for this year's PGA Championship at Southern Hills. That will give us a better sense of whether he can truly compete in major championships again as he continues to play while dealing with his body's limitations. 

In terms of odds, he's available in most spots in the 50/1 range (places him 17th on the board), a mark similar to when he entered Augusta in 2022. Once we see more from him, this line may begin to shift. 

Masters betting odds history

Let's take a look at some recent Masters champions and their closing odds to win:

Year Masters Champion Closing Odds
2022 Scottie Scheffler +1,800
2021 Hideki Matsuyama +5,000
2020 Dustin Johnson +800
2019 Tiger Woods +1,200
2018 Patrick Reed +4,000
2017 Sergio Garcia +3,000
2016 Danny Willett +5,000
2015 Jordan Spieth +1,000
2014 Bubba Watson +2,000
2013 Adam Scott +2,500
2012 Bubba Watson +3,000
2011 Charl Schwartzel +10,000
2010 Phil Mickelson +1,000
2009 Angel Cabrera +12,500
2008 Trevor Immelman +15,000
2007 Zach Johnson +12,500
2006 Phil Mickelson +800
2005 Tiger Woods +350
2004 Phil Mickelson +1,200
2003 Mike Weir +3,000
2002 Tiger Woods +200
2001 Tiger Woods +150
2000 Vijay Singh +1,800

Odds via sportsoddshistory.com

Masters winners trends

Note that no pre-tournament betting favorite has won the Masters this decade. Schwartzel was the biggest long shot to win when he surprised the golfing world back in 2011. Most recent winners fall in the +1,000 to +3,000 range. 

There also hasn't been a repeat champion at the Masters since Tiger Woods won back-to-back tournaments in 2001 and 2002. Only three golfers since 2000 have won the event twice in three years (or less): Woods, Bubba Watson (2012 and 2014), and Phil Mickelson (2004 and 2006).

Another trend worth noting is the age of recent Masters winners: Before Woods won in 2019 at age 43, the previous 13 winners had all been under the age of 40 at the time they won. Dustin Johnson (36) continued that trend in 2020, as did the 29-year-old Matsuyama. 

How to bet on golf

The Masters is the most bet golf event of the year, so naturally, there are many who will be placing their first golf bets on the tournament. If that happens to be you, we've got you covered with our beginner's guide to how to bet on golf.

The most popular way to bet on golf is by simply picking the winner, which is also referred to as an outright. There are plenty of other ways to wager, however, including top finishes, head-to-head matchups, and plenty of props.

More golf odds

Event Favorite Odds
PGA Championship Jon Rahm +1,100
US Open Scottie Scheffler  +1,100
The Open Championship Jon Rahm +1,100

Odds courtesy of bet365 as of May 6, 2022

Which states have legal Masters betting?

Thirty states now have legalized single-event wagering to some degree, whether that be at retail locations or online mobile betting on betting sites. In addition, nine other states are in the process of considering legal sports betting.

If you're in a state that allows mobile, online betting, make sure you know which sites are the best golf betting sites. The best betting sites offer sharp odds, and quick payouts and are safe and secure when it comes to depositing and withdrawing your money. 

Masters Odds FAQs

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