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 Type | Description | Example |
|---|---|---|
| Outright Winner | Bet on the golfer who will win the Masters. | Rory McIlroy to win the Masters (+800). |
| Head-to-Head Matchups | Bet on which of the two golfers will have a better finish. | Jon Rahm (-120) vs. Jordan Spieth (+100). |
| Top 5/10/20 Finish | Bet on a golfer to finish in the top five, ten, or twenty. | Collin Morikawa to finish top 10 (+250). |
| Round Leader | Bet on who will lead after a specific round. | Viktor Hovland to lead after Round 1 (+1600). |
| Hole-in-One Prop | Bet on whether any golfer will hit a hole-in-one. | Any hole-in-one during the Masters (-125). |
| Group Betting | Bet on which player from a group will perform best. | Dustin Johnson to finish ahead of Brooks Koepka and Xander Schauffele (+175). |
| Live Betting | Bet 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 Victory | Bet 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.
| Player | BetMGM | DraftKings | Fanatics | FanDuel |
|---|---|---|---|---|
| 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.
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:
- Access the BetMGM Sportsbook website or app to view Masters betting odds.
- Ensure you are in a state where BetMGM operates legally.
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:
| Principle | Description | Application in Masters Betting |
|---|---|---|
| Set a Budget | Always 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 Market | Focus on wagers where you have done research. | Bet only on 3-5 players instead of spreading bets across the entire field. |
| Understand Course Conditions | Weather and course setup can impact player performance. | Check Augusta National’s forecast before betting on scores. |
| Track Your Betting Activity | Monitor bets to avoid problem gambling. | Keep a record of wins and losses to stay within limits. |
| Do Your Research | Analyze 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.
References
More BetMGM Betting Guides
Meet our Authors
Paruyr Shahbazyan started his business career as an entrepreneur in 2000. Over 13 years, he learned business and leadership, which laid the foundation for his career.
In 2013, Paruyr entered the sports and betting industry as the founder and president of Bookmaker Rating, an online media platform he led until 2020. The platform focuses on in-depth analysis and insights in sports betting and has gained a reputation for quality content.
In 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This shows his commitment to technology in the sports betting space. Through all these experiences, Paruyr has been shaping and influencing the betting industry, setting new trends and standards.
Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports.
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