Masters Odds & Favorites 2025: All Eyes Turn to the Next Major

The golf major season has wrapped up and attention quickly turns to next year's first major with Scottie Scheffler still a heavy favorite by the 2025 Masters odds from our best golf betting sites.

Scheffler, firmly the No. 1 player in the Official World Golf Ranking (OWGR) and the defending Masters champion, will head back to Augusta National Golf Course in April as the heavy favorite to win his third green jacket in four years. His odds are as high as +500 to represent an implied win probability of 16.67%.

Xander Schauffele, this year's only two-time major winner, is as high as second on the Masters oddsboard across our best sports betting sites. Rory McIlroy heads into the 11th year of his prolonged major drought but remains right in the mix by the 2025 Masters odds.

Scheffler, Schauffele, and McIlroy also top the board by the FedEx Cup odds.

Masters odds 2025

Masters odds via our best sports betting apps as of July 22. | 🔥 = best available odds | ❄️ = worst available odds.

2025 Masters favorite

Scottie Scheffler (+500)

Scheffler closed with odds as high as +500 and as low as +375 ahead of his second Masters win. He opened with odds at the high end of that scale for the 2025 tournament, and they've stayed around that number with the event now on the horizon.

There's no rush to bet this ticket. Even with Scheffler in control of the OWGR, it's unlikely his 2025 Masters odds close significantly shorter than this. Bettors are safe to wait for a better sense of his form early in 2025.

Best odds: +500 via BetMGM | Implied probability: 16.67%

Up To $1,500 Back In Bonus Bets

Bonus bets will expire in 7 days. One new customer offer only. Additional terms and conditions apply.

Claim $1,500

Each product featured on our website has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission. 21+. Gambling can be addictive, please play responsibly

Tiger Woods Masters odds

+15000

Tiger set the record for consecutive cuts made in the Masters at 24 during the 2024 tournament. The physical pain he was in was readily apparent to viewers over the weekend, however, and back-to-back rounds of 82 and 77 confirmed what we were seeing.

There's no reason to bet Tiger to win the event outright this far out following his missed cut in the British Open.

Best odds: +15000 via BetMGM | Implied probability: 0.66%

Masters info

• When: Thursday, April 10 - Sunday, April 13 (unconfirmed)
• Where: Augusta National Golf Club, Augusta, GA
• Defending champion: Scottie Scheffler
• How to watch: ESPN, CBS, Masters.com
• Favorite: Scottie Scheffler (+500 via BetMGM)

2025 Masters odds over time

Below, we track the Masters odds for 2025 from bet365 from the opening number following the 2024 tournament.

Past Masters winners & odds

How to bet on golf

Betting on the Masters can be exciting, especially with all the unique elements of Augusta National Golf Course. Let's break down the basics for you.

Popular betting markets:

1. Outright winner (to win):

• This is the simplest and most popular bet. You're picking who you think will win the tournament overall.
• Example: If you bet on Rory McIlroy to win the Masters at odds of +800, a $10 bet would win you $80 if he wins.

2. Top finish (Top 5, Top 10, Top 20):

• Instead of picking the winner, you can bet on a player to finish within the top ranks of the leaderboard.
• Example: Betting on McIlroy to finish in the Top 10 means you win if he places 1st to 10th.

3. Matchups:

• This involves betting on one golfer to finish with a better score than another specific golfer.
• Example: Betting on Bryson DeChambeau to have a lower score than Jordan Spieth over the tournament.

4. Prop bets:

• These are fun and specific bets on events within the tournament, like whether a hole-in-one will be scored or the nationality of the winner.

Why golf futures odds move:

Futures odds, which are the odds offered well in advance of the tournament, can change for several reasons:

• Player form and performance: If a golfer is performing exceptionally well in preceding tournaments, their odds may shorten (decrease) as more people bet on them.
• Injuries or withdrawals: If a key player gets injured or withdraws from other tournaments leading up to the Masters, their odds might lengthen (increase).
• Course conditions: Augusta National has its own unique challenges. If there are reports of the course being set up particularly tough or favoring certain types of players (like long hitters or accurate putters), odds can adjust accordingly.
• Public betting and perception: Sometimes odds move based on public perception and betting patterns rather than actual performance changes.

Tips for beginners:

1. Research players and the course: Learn about the strengths and weaknesses of different golfers and how Augusta National typically plays.
2. Shop for the best odds: Compare odds at different sportsbooks to get the best possible value for your bets.
3. Start with simple bets: Begin with straightforward bets like outright winners before moving to more complex markets.
4. Set a budget: Decide how much you're willing to bet and stick to it. Golf betting can be unpredictable, so it's essential to gamble responsibly.
5. Enjoy the experience: Betting on the Masters can add excitement to watching the tournament, but remember it's for fun. Stay informed and enjoy the golf!

How to read golf odds

Here's how to read golf betting odds using American odds format:

• Positive odds: Positive odds indicate the potential profit on a $100 wager. For example, if a golfer has odds of +300, it means that a $100 bet would yield a profit of $300 if the golfer wins the tournament. So, your total payout would be $400 ($300 profit + $100 original stake).
• Negative odds: Negative odds represent the amount you need to wager to win $100 in profit. For instance, if a golfer has odds of -200, it means that you would need to bet $200 to win $100 in profit if the golfer wins. Your total payout would be $300 ($100 profit + $200 original stake). In a tournament like the Masters, it's unlikely to see negative odds on any golfer until late in Sunday's final round while using our best live betting sites.

Understanding these American odds allows you to quickly assess the potential payout and implied probability of a golfer winning a tournament. Positive odds indicate an underdog, while negative odds signify a favorite.

Odds will move leading up to a tournament's start and throughout the event. Live odds will be reflective of the current leaderboard, golfer performance, and the position of the pre-tournament favorites. The odds also factor in the popularity of certain golfers, and how much money the sportsbooks have taken on those golfers to win the tournament.

Masters FAQs

Who is the favorite to win the 2025 Masters?

Scottie Scheffler has odds as high as +500 odds to win the 2025 Masters. These odds represent an implied win probability of 16.67%.

Who won last year's Masters?

Scottie Scheffler won the 2024 Masters by four strokes over Ludvig Aberg with closing odds as low as +375. That was Scheffler's second Masters win in three years.

When is the 2025 Masters?

The date of the 2025 Masters won't be confirmed until the PGA Tour schedule is released later this year, but we're expecting it to be played from Thursday, April 10 through Sunday, April 13. The tournament is customarily played over the second weekend in April.

Where is the 2025 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.

More major championship odds

Odds via bet365 as of July 22.

Golf betting odds pages

Here are our best golf betting sites:

• Caesars Promo Code: SBRBONUS1000 | Read our Caesars Review
• BetMGM Bonus Code: SBRBONUS | Read our BetMGM Review
• bet365 Bonus Code: SBRBONUS | Read our Bet365 Review
• BetRivers Promo Code: SBRBONUS | Read our BetRivers Review
• FanDuel Promo Code | Read our FanDuel Review
• DraftKings Promo Code | Read our DraftKings Review

(21+. Gambling Problem? Call 1-800-GAMBLER)
* Bonuses not applicable in Ontario.

Not intended for use in MA
Affiliate disclosure: Sportsbook Review may receive advertising commissions for visits to a sportsbook

Related pages

• Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)