Masters Odds & Updated Betting Lines: Scheffler Secures Green Jacket, Favored to Go Back-to-Back

Scottie Scheffler has stood tall in two of his last three trips to Augusta, and books believe he can make that three in four come 2025.

Publishing Editor
Apr 14, 2024 • 22:04 ET • 5 min read
Scottie Scheffler Masters Tournament
Photo By - USA TODAY Sports

Scottie Scheffler looks good in green, and viewers watched the World's No. 1 golfer don the sacred Green Jacket for the second time in three years. Ludvig Aberg played his heart out, but Scheffler's wedge work put him in a league of his own.

Odds for the 2025 Masters have dropped, and to the surprise of no one Scheffler is standing tall at the top. See who else joins him in the 2025 Masters odds table below!

2025 Masters odds

Golfer bet365
Scotie Scheffler +500
Jon Rahm +1,200
Rory McIlroy +1,200
Ludvig Aberg +1,400
Viktor Hovland +1,800
Xander Schauffele +2,000
Brooks Koepka +2,000
Jordan Speith +2,200
Cameron Smith +2,200
Will Zalatoris +2,500

Odds as of 4/14.

2025 Masters favorite

Scottie Scheffler (+500)

Scheffler is favored to win every other major in  2024, so it's no surprise to see books pegging the superstar as the favorite to hold onto the green jacket in 2025.

Scheffler was able to hold off the likes of Ludvig Aberg to win at Augusta for the second time in three years, and he has a really good chance to pull off the repeat. Even playing with the pressure of becoming a new daddy wasn't enough to slow him down.

Sunday's win also put him in elite company.

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Past champions odds

Seventeen men have won the Masters on multiple occasions, including four in this year's field. Here were the pretournament outright odds for the golfers who have won Golf's first major at least once:

  • Jon Rahm +1,100
  • Scottie Scheffler +450
  • Hideki Matsuyama +2,500
  • Jordan Spieth +2,500
  • Dustin Johnson +4,000
  • Adam Scott +7,500
  • Patrick Reed +8,000
  • Sergio Garcia +11,000
  • Tiger Woods +14,000
  • Phil Mickelson +20,000
  • Bubba Watson +35,000
  • Charl Schwartzel +35,000
  • Zach Johnson +50,000
  • Danny Willett +100,000
  • Fred Couples +250,000
  • Mike Weir +250,000
  • Vijay Singh +250,000
  • Jose Maria Olazabal +500,000

Masters field

The field at the Masters is selected to include a mix of past champions, top-ranked players, rising stars, and special invitees. Here is some of the criteria considered:

Past champions: Golfers who have won the Masters in previous years are automatically invited to participate for the rest of their careers.

Current champions: Winners of other major championships (such as the U.S. Open, The Open Championship, and the PGA Championship) from the past year are invited to compete.

PGA Tour winners: Golfers who have won PGA Tour events leading up to the Masters, typically over the past year, may also receive invitations.

Amateur champions: Winners of certain top amateur tournaments, such as the U.S. Amateur Championship, are often invited to play.

World Golf Rankings: The top players in the Official World Golf Ranking (OWGR) and other recognized world rankings usually receive invitations.

Special invitations: The Masters committee has the discretion to extend special invitations to golfers who may not meet the above criteria but have demonstrated exceptional talent or accomplishments in the past.

Qualifying tournaments: There are opportunities for golfers to qualify for the Masters through special tournaments and qualifiers, such as the U.S. Open or other international events.

Masters recent winners and odds history

The Masters has had its fair share of longshot winners over the years. Zach Johnson (2007), Trevor Immelman (2008), and Angel Cabrera (2009) all had odds of +12,500 or longer before pulling off impressive triumphs at Augusta National. It's worth noting that Cabrera was the only one of the three to crack the Top 10 again, finishing seventh in 2011 and second in 2013. Let's take a look at some recent Masters champions and their closing odds to win:

Year Golfer Closing odds
2024 Scottie Scheffler +375
2023 Jon Rahm +900
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 courtesy of SportsOddsHistory.

Masters betting trends

  • Augusta National experience: Eight of the last 10 Masters winners played in 3+ Masters before their win. Seven of the last 10 winners had previously logged a Top-5 finish at the Masters.
  • Best of the best: The last 10 Masters winners ranked inside the World Top 25.
  • Great form: Seven of the last 10 Masters winners logged a recent tournament win (previous seven events).
  • Ball-striking prowess: The last three Masters winners ranked sixth or better in the field in greens-in-regulation percentage (GIR%).
  • Taking advantage: The last four Masters winners ranked 13th or better in Par-5 scoring the year of their victory.

Only one pre-tournament betting favorite or co-favorite has won the Masters since Tiger Woods won in 2005 as a +350 favorite. Schwartzel was the biggest longshot 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: Woods, Bubba Watson (2012,2014), and Phil Mickelson (2004, 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 of victory. Dustin Johnson (36), Hideki Matsuyama (29), Scottie Scheffler (25), and Jon Rahm (28) have continued that trend over the last four years. 

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 referred to as an outright. There are plenty of other ways to wager, however, including top finishers, head-to-head matchups, and plenty of props.

How to read Masters betting odds

Betting odds for The Masters, like other sporting events, can be presented in various formats, including American odds, fractional odds, and decimal odds. However, American odds are commonly used in the United States for sports betting. Here's how to read Masters betting odds in American format:

Positive odds: Positive odds indicate the potential profit on a $100 bet. They are typically associated with underdogs or less likely outcomes.

For example, if you see odds of +500 on a golfer to win the Masters, it means a $100 bet on that golfer would potentially yield a $500 profit if they win. Your total return would be $600 ($100 stake plus $500 profit).

Negative odds: Negative odds indicate how much you need to bet to profit $100. They are usually associated with favorites or more likely outcomes.

For instance, if you see odds of -150 on a golfer to win the Masters, it means you would need to bet $150 to potentially win $100 in profit. Your total return would be $250 ($150 stake plus $100 profit).

Whether positive or negative, the odds provide insight into the perceived likelihood of a golfer winning the tournament. Higher positive odds indicate that the golfer is less likely to win but could yield a higher return if successful. Lower negative odds suggest that the golfer is favored to win but may yield a smaller return due to the higher probability of success.

More major championship odds

Event Favorite Odds
PGA Championship odds Scottie Scheffler +400
U.S. Open odds Scottie Scheffler +425
The Open Championship odds Scottie Scheffler +450

Odds courtesy of bet365.

Masters Odds FAQs

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