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Scottie Scheffler of the United States reacts on the 18th green as we look at the best Masters odds
Scottie Scheffler of the United States reacts on the 18th green during the final round of the 2023 Masters Tournament at Augusta National Golf Club on April 09, 2023 in Augusta, Georgia. Photo by Patrick Smith/Getty Images via AFP.

The 2024 PGA Tour season is underway and we're continuing to look ahead to the best Masters odds from our best golf betting sites. We'll be updating this page regularly based on the early-season results

Jon Rahm surged from behind to overtake Brooks Koepka on Sunday in the 2023 Masters. Following the end of the 2022-23 PGA Tour season, Rahm then followed Koepka to LIV Golf, but will maintain his eligibility for the Masters as a former champion.

With Rahm's departure, his 2024 Masters odds were boosted slightly across our best sports betting apps. In his place, Scottie Scheffler has become the consensus betting favorite for the first major of the year, with Rahm and/or Rory McIlroy right behind. 

Scheffler won the 2022 Masters and enters 2024 at No. 1 in the Official World Golf Ranking (OWGR).

With Koepka, Wyndham Clark, and Brian Harman winning the final three majors of 2023, respectively, will the door remain open for another long-shot winner in the first major of 2024, or will Rahm, Scheffler, or McIlroy pull through on their early billing as favorites to win the Masters?

Read on as we preview the 2024 Masters odds (odds via our best sports betting sites).

Masters odds 2024

(Masters odds as of Jan. 6)

NameDraftKingsFanDuelBetMGMCaesarsbet365
Scottie Scheffler+800+750 ❄️+800+800 +900 🔥
Jon Rahm+800+950 🔥+800+800+750 ❄️
Rory McIlroy+900+850+900+900+800 ❄️
Viktor Hovland+1000+1500 🔥+1400+800 ❄️+1200
Jordan Spieth+1800+1900+1600+2000 🔥+1600
Brooks Koepka+1800 🔥+1700+1600+1000 ❄️+1400
Patrick Cantlay+2000+2100+1800+2200 🔥+1800
Xander Schauffele+2200+2800 🔥+2000+1600 ❄️+2200
Max Homa+2200 ❄️+4100 🔥+3500+2500+3500
Collin Morikawa+2200 +2400+2000 ❄️+2500+2500
Tiger Woods+10000+7500+6600 ❄️+10000+8000

Masters favorite 2024

Scottie Scheffler (+900 via bet365)

Scheffler was cursed with a horrible putting stroke for the latter half of the 2023 PGA Tour season, and that kept him to just two wins, with both of those coming before the Masters.

Still, the 2022 Masters champ has six total victories in the past two calendar years and is no jeopardy of losing the No. 1 spot in the OWGR. This +900 number will fall quickly if he's able to replicate his regular early-season success.

Masters odds 2024: Contender

Tom Kim (+5000 via BetMGM)

Kim entered his first appearance at the Masters as a two-time PGA Tour winner and finished T-16 in his debut at Augusta National Golf Club. He then missed the cut in the PGA Championship but rebounded to tie for eighth in the U.S. Open and for second in the British Open.

Kim was offered as high as +7500 to win his second go-around of Augusta Nation before winning his second straight Shriners Children's Open in the fall. Another win early this season - against tougher fields - would cause these odds to shorten.

Masters odds 2024: Long shot

Brian Harman (+8000 via BetMGM)

We were able to bet Harman at +20000 via DraftKings to win the 2024 Masters immediately following his dominant victory in the British Open. He's down to +8000 early in 2024 but that remains a playable number with Augusta National lending itself well to left-handed golfers.

Masters odds 2024: Fade

Justin Thomas (+3500 via DraftKings)

While DraftKings is offering much better odds on Thomas to win the Masters than some of our other sportsbooks of choice, this price still doesn't accurately reflect his recent game.

The 2023 PGA Champion has fallen from No. 8 to No. 26 in the OWGR since the end of the last calendar year. He has just three top-10 finishes in 2023 with nothing better than a fourth-place showing in the WM Phoenix Open in February. He also missed the cut in three of 2023's four majors with only a T-65 result in the PGA Championship.

Tiger Woods' Masters odds

Woods is listed with odds as high as +10000 to win the 2024 Masters. However, he didn't play in any of the final three majors of the year due to the injury that forced him to withdraw from the 2023 Masters.

Woods will remain a popular Masters bet once again and there's a good chance he'll close with odds shorter than this, but a bet will remain ill-advised.

Masters odds movement

The most notable changes to the Masters odds over the last few months have seen Rahm's odds rise slightly, Hovland's odds shorten across our best sportsbooks, and Tiger Woods' odds shorten from a market-high of +13000 to a low of +6600.

Tiger returned to play in the Hero World Challenge and has stated his intentions to compete about once per month and to play in the majors.

Masters info

When: Thursday, April 11 - Sunday, April 14
Where: Augusta National Golf Club, Augusta, GA
How to watch: ESPN, CBS, Masters.com

Recent Masters winners

YearGolferOdds (Prior to Round 1)
2023Jon Rahm+1000
2022Scottie Scheffler+1600
2021Hideki Matsuyama+6000
2020Dustin Johnson+800
2019Tiger Woods+1200
2018Patrick Reed+4000
2017Sergio Garcia+3000
2016Danny Willett+5000
2015Jordan Spieth+1000
2014Bubba Watson+2000
2013Adam Scott+2500

Masters betting analysis

The Masters odds have only seen slight adjustments through the final three majors of 2023, the FedEx Cup (won by Viktor Hovland), and Rahm's long-anticipated departure to LIV Golf.

Early in the 2024 PGA Tour season, there won't be much regular movement until top golfers start to play head-to-head more often. Anyone able to get a quick early-season run of success like we've seen from Scheffler and Rahm each of the last two years will be quick to rise up the board and join the favorites.

There's still plenty of early value in this futures markets, and, that's best emphasized with our long-shot Masters pick below.

Masters FAQ

Who is favored to win the Masters?

Scottie Scheffler is the betting favorite by the 2024 Masters odds after winning his first Green Jacket in 2022.

Who won last year's Masters?

Spaniard Jon Rahm won the 2023 Masters by four strokes over Americans Phil Mickelson and Brooks Koepka.

When is the 2024 Masters?

The Masters will be played from Thursday, April 11 through Sunday, April 14, with practice rounds played Monday through Wednesday.

Where is the 2024 Masters?

The Masters is held every year at Augusta National Golf Club in Augusta, GA.

How can you watch the Masters?

Television coverage of the Masters is split between ESPN and CBS. The tournament can be streamed on Masters.com.

Golf betting odds pages

Here are our best golf betting sites:

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