BetMGM Masters Odds

Published: Feb 18, 2025, 10:24 AM
9 min read
Updated: Aug 19, 2025, 6:26 AM
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Masters Betting with BetMGM

BetMGM Sportsbook is among the most popular online sportsbooks in the U.S. betting market. It offers extensive betting markets for the Masters Tournament, golf's premier event, which will take place at Augusta National Golf Club on April 10, 2025.

Using the sportsbook's website or mobile apps, golf bettors can place various bets on the famous tournament, including outright winners, top-10 finishes, head-to-head matchups, and more.

This guide examines BetMGM Masters odds and betting markets and compares them with other licensed U.S. sportsbook brands.

Understanding Masters Odds

BetMGM Masters odds represent the likelihood of an event occurring during the tournament. They are presented in American (-110), decimal (1.91), or fractional (10/11) formats.

For example, if Scottie Scheffler is a favorite to win the Masters, his odds might be displayed as +500, 6.0, or 5/1. This means a $100 bet would return $500 in profit if he wins. The implied probability of his victory based on those odds would be 20%.

Because major golf tournaments have such a large field of players, even tournament favorites often have relatively long odds and higher payouts than other sports. Successfully betting on who will win the green jacket can be very profitable, but it's difficult to do.

Understanding odds is essential for betting on golf or any other sport. If you're looking for an in-depth explanation, check out RG’s introduction to betting odds.

Types of Masters Odds and Markets Offered at BetMGM

BetMGM Sportsbook aims to provide markets that cater to all types of Masters bettors, from fans who don't watch any other tournament and have a limited understanding of how golf bets work to high-stakes bettors.

The sportsbook offers core bet types and advanced options, such as round leader bets and hole-by-hole props.

You'll find a summary of the most common bet types available below:

Bet TypeDescriptionExample
Outright WinnerBet on the golfer who will win the Masters.Rory McIlroy to win the Masters (+800).
Head-to-Head MatchupsBet on which of the two golfers will have a better finish.Jon Rahm (-120) vs. Jordan Spieth (+100).
Top 5/10/20 FinishBet on a golfer to finish in the top five, ten, or twenty.Collin Morikawa to finish top 10 (+250).
Round LeaderBet on who will lead after a specific round.Viktor Hovland to lead after Round 1 (+1600).
Hole-in-One PropBet on whether any golfer will hit a hole-in-one.Any hole-in-one during the Masters (-125).
Group BettingBet on which player from a group will perform best.Dustin Johnson to finish ahead of Brooks Koepka and Xander Schauffele (+175).
Live BettingBet on the Masters as it unfolds, reacting to real-time factors like weather and momentum shifts.Betting on Tiger Woods to make the cut after a strong front nine.
Margin of VictoryBet on the final winning margin of the tournament.Masters to be decided by one stroke (+350).

Masters Odds Comparison: BetMGM vs. Competitors

Odds shift daily due to many reasons. The following odds comparison was created using odds from the sportsbooks listed on February 14th, 2025.

PlayerBetMGMDraftKingsFanaticsFanDuel
Scottie Scheffler+400+370+400+420
Rory McIlroy+800+1000+900+700
Jon Rahm+1200+1100+1200+1300
Xander Schauffele+1200+900+1100+1300
Ludvig Aberg+1500+1400+1200+1600
Bryson DeChambeau+2000+1800+1600+1700
Collin Morikawa+2000+1800+1800+1800
Hideki Matsuyama+2200+2200+2000+2100
Justin Thomas+2500+3000+2500+2800
Tyrrell Hatton+3300+4000+3300+3100

These odds are slightly shorter at the top than many golf tournaments because Scheffler is such a notable favorite. The American won the 2022 and 2024 Masters, making him the first golfer to win the tournament twice in three years since Bubba Watson.

Scheffler has been the top-ranked golfer in the world since early 2022.

Scottie Scheffler World Ranking

Getting Started with Masters Betting at BetMGM

BetMGM makes it straightforward for first-time bettors to access the Masters betting markets. Here’s a step-by-step guide to creating an account and placing bets.

Visit BetMGM:

Sign Up:

  • Click "Sign Up" and provide your name, date of birth, and email address.
  • Verify your identity using the last four digits of your Social Security Number (SSN) and enable geolocation services.

Deposit Funds:

  • Choose from payment options like PayPal or bank transfers to fund your account.

Claim the BetMGM First Bet Offer:

  • All new BetMGM bettors are eligible for its

Explore Masters Betting Markets:

  • Browse available markets and place your bet.

Responsible Betting Best Practices for Masters Betting

Golf betting is unpredictable, making responsible gambling essential. Below are best practices for betting on The Masters responsibly:

PrincipleDescriptionApplication in Masters Betting
Set a BudgetAlways establish a clear betting budget and stick to it.Allocate $200 for Masters betting and avoid chasing losses. It is usually a good idea to budget no more than 1-5% of your disposable income.
Do Not Bet on Every MarketFocus on wagers where you have done research.Bet only on 3-5 players instead of spreading bets across the entire field.
Understand Course ConditionsWeather and course setup can impact player performance.Check Augusta National’s forecast before betting on scores.
Track Your Betting ActivityMonitor bets to avoid problem gambling.Keep a record of wins and losses to stay within limits.
Do Your ResearchAnalyze player form, history, and key stats before betting.Study Rory McIlroy’s past Masters performances before placing a bet.

FAQ

Bet Types

What types of Masters bets can I place at BetMGM?

BetMGM offers a variety of betting markets for Masters Week, including outright winners, top-10 finishes, head-to-head matchups, round leaders, and hole-in-one props.

Masters Odds

How do I read BetMGM’s Masters betting odds?

Odds are displayed in American (+500), decimal (6.0), or fractional (5/1) formats. For example, a +500 bet means a $100 wager would return $500 in profit if successful.

Odds Comparison

How do BetMGM’s Masters odds compare to those of other sportsbooks?

BetMGM’s odds are competitive with major sportsbooks like DraftKings, FanDuel, and bet365, though it’s always wise to compare odds before placing bets.

Live Betting

Can I place live bets during the Masters at BetMGM?

Yes, BetMGM offers live betting, allowing you to wager on events as they unfold, such as a golfer making the cut or leading after a specific round.

Responsible Gambling

What responsible betting practices should I follow?

To ensure a responsible and enjoyable betting experience, set a budget, review your bets, research player performance, and avoid chasing losses.

<p>Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game in 1998, and he's been writing about them professionally since 2014.</p><p>Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports while growing his expertise in sports data analysis and research.&nbsp;</p><p>Between 2022 and 2023, he worked for a betting startup called NorthStar Bets. In 2024, he contributed to Oddspedia before joining the RG team.</p>
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