Masters Prop Bets 2023: Best Bets & Prop Odds

The 2023 Masters has finally arrived, and our best sportsbooks are offering an endless list of props to enhance entertainment value and add profits to your pockets. Sportsbook Review betting analyst Neil Parker evaluates the available prop markets and provides his insight on the top Masters prop bets based on the best odds.

The 2023 Masters is just one week away. We've looked at the Masters odds and discussed the Masters projected cut; below, we'll examine the Masters prop bet markets. Check back next week for all of our top Masters prop bet picks.

2023 Masters prop bets explained

Welcome to the Super Bowl of spring, my friends.

Annually, the Masters breaks down the door and stomps right in with its unparalleled mythology and charm. It’s an event on the calendar sports bettors have circled all year long, and it’s finally time for the four-day trek around Augusta National Golf Course. 

Our best sportsbooks will soon be flush with prop markets for prospective bettors, and there are ample opportunities to take advantage of the available betting markets.

2023 Masters prop best bets

• Bubba Watson Top Lefty (+210 via FanDuel) ⭐⭐⭐
• Top GB and Ireland (Round 1): Rory McIlroy (+260 via DraftKings) ⭐⭐

Bubba Watson Top Lefty (+210 via FanDuel) ⭐⭐⭐

This is a unique betting market to FanDuel and DraftKings (+170), and Watson is carrying a significantly friendlier number through FanDuel. The difference checks out as a positive expected value of 15%, and I also value Watson’s proven track record at Augusta National.

Not only is Watson a two-time Masters champion, he’s played the weekend in 13 of 14 trips to the event with an additional T-5 finish. Additionally, the 44-year-old lefty finished T-26 and T-39 the past two years.

Check out DraftKings' Masters promo code and FanDuel's Masters promo code

Brian Harman is the betting favorite in this market, but he’s missed the cut in two of his four Masters appearances, including in last year’s tournament. Add another four cuts across his most recent seven PGA Tour tournaments, and I’m giving Watson the nod to top Harman this week.

The other two lefties in the field are Phil Mickelson and Mike Weir. Mickelson’s LIV Golf results go to the tune of a confidence-shattering single top-25 finish across the past seven events, and Weir made the cut only once across the past eight runnings of the Masters.

Top GB and Ireland (Round 1): Rory McIlroy (+260 via DraftKings) ⭐⭐

I’m expecting McIlroy to have an excellent showing this week. He’s No. 1 in my Masters Power Rankings, he's also been the top target for Sportsbook Review senior publishing editor Esten McLaren dating back to Rory’s final-round 64 in last year’s Masters. 

However, it’s the lack of elite competition McIlroy has to beat in this market that attracted me to this prop. It's a steep drop from his +750 number to the +5000 range where Matthew Fitzpatrick, Tyrrell Hatton and Justin Rose are trading at. 

Traditionally, McIlroy has been a slow starter at Augusta National with a Round 1 scoring average of 71.7 and carding an under-par score in just five of 14 openers. I’m just anticipating everything coming together for Rory on Thursday. Don’t forget about his storied, first-round 65 in the 2011 Masters, either.

Add that McIlroy enters ranked second in true strokes gained: tee-to-green in this field across his past 84 measured rounds and pacing last year’s Masters field in the metric, and I’m expecting him to have oodles of birdie opportunities to pull away from the pack in Round 1.

Masters hole-in-one props

The hole-in-one prop for the Masters is a simple two-way market with a Yes and No side.

There are four par 3s at Augusta National:

• Hole No. 4 - Flowering Crab Apple (240 yards)
• Hole No. 6 - Juniper (180 yards)
• Hole No. 12 - Golden Bell (155 yards)
• Hole No. 16 - Redbud (170 yards)

There have been 34 holes-in one in Masters history, and 24 have come at hole No. 16. Only one ace has occurred at hole No. 4.

Famously, Padraig Harrington and Kirk Triplett both aced No. 16 on consecutive shots during the final round of the 2004 Masters.

For reference, Tommy Fleetwood recorded a hole-in-one during the 2021 Masters to cash the Yes at odds of -150.

DraftKings has odds for each indiviual player to record a hole-in one during the 2023 Masters. 

Winning nationality props

The Masters field is chock-full of international talents, and nationality prop markets offer opportunities for bettors to wager on collections of players from different countries, continents, and regions of the world. 

Masters cut line props

Sportsbooks will post numerous markets involving the cut line ahead of the Masters. Top individual golfers will have their own odds for whether or not they’ll make the cut, and there will also be Over/Under markets for the cut number. 

  The Over/Under total through DraftKings is 146.5 for the 2023 Masters, with the Over priced at -140 and the Under trading at +115.  

Masters cut line history

Check out our Masters projected cut line updates and betting information.

Masters playoff props

The Masters required a playoff in 17 of its 86 editions. It’s a sudden-death format, and the last time there was a playoff needed to determine the winner was in 2017 when Sergio Garcia defeated Justin Rose with a birdie on the opening playoff hole.

The playoff prop for the Masters is another two-way market with Yes and No sides. Yes was priced at +350 and No was -550 for the 2022 Masters.

DraftKings has three playoff markets available with props for whether it will be a three-man playoff (+1400) or a four-or-more-man playoff (+6500).

Wire-to-wire winner props

Winning a golf tournament wire-to-wire means the same golfer led the tournament following each of the four rounds of play. There have been five wire-to-wire winners at the Masters. The wire-to-wire winner prop is either a two-way market with Yes and No sides or a one-way market, depending on the sports betting site.

The Yes was priced at +900 in one-way markets last year.

DraftKings and FanDuel have markets to bet on an individual golfer to win wire-to-wire.

Masters course record to be broken props

The 18-hole record at the Masters is 63 (minus-9) set by Nick Price in 1986, and then matched by Greg Norman 10 years later in 1996. 

Rory McIlroy shot 64 during the final round of the 2022 Masters. It was the lowest 18-hole score of the tournament, and the lowest-single-round score since Jason Day, Tony Finau, and Patrick Cantlay all carded 64s during Round 3 of the 2019 Masters.

Dustin Johnson set the 72-hole record in 2020 with a four-round score of 268 (minus-20). However, it’s definitely worth noting the 2020 Masters was held in November, and not April.

Tiger Woods and Jordan Spieth have combined for the second-lowest, 72-hole score at 270 (minus-18), and they respectively posted their score in 1997 and 2015.

DraftKings has a one-way market of whether the course record will be broken with the Yes priced at +1600.

Masters double eagle props

A double eagle is also known as an albatross, and it’s a three-under-par score on a single hole. For example, carding a hole-in-one on a par 4 or holing out with the second shot on a par 5.

There have been four double eagles in Masters history.

DraftKings has a one-way market that there will be an Albatross priced at +1200.

Winning score props

The winning score prop is an Over/Under bet on a total set by oddsmakers ahead of the Masters. DraftKings has the winning score total at 275.5, with the Over priced at +100 and the Under trading at -120.

Sportsbooks also have props for what the margin of victory will be.

Caesars has two unique offerings in the winning margin market. It has options for 4 and 5+ strokes, which are respectively +850 and +450.

First-time winner props

Three golfers have won the Masters in their first appearance. However, it’s important to note that two of those players won in the first two Masters tournaments in 1934 and 1935.

Fuzzy Zoeller is the last debutant to win in his first Masters appearance in 1979.

Because it’s proven so rare for an Augusta National rookie to win the Masters, bettors are often better off exploring the betting market for Top Debutant. There have still been numerous impressive debut finishes over the past 20 years.

Here are the DraftKings and FanDuel odds for the Top Debutant market:

First-round leader props

The first-round leader is determined following the first round of play, and the golfer with the lowest 18-hole score is the winner. It’s a popular market in all tournaments because while the best player will often win over four rounds, there’s far more variability over just 18 holes of play.

Sportsbooks will post odds similar to the outright winner market.

Masters props betting tips

We all love the Masters because Augusta National is a true test: It’s fair, it’s gettable, and it’s absolutely ruthless all at the same time. 

There’s a reason the same players score well year in, year out. And it’s not that it takes a particular skill set to be successful. Every aspect of the game needs to be clicking to conquer the nuances of Augusta National, and course knowledge and experience is invaluable.

After all, eight of the past 10 winners played in at least three Masters before donning their first Green Jacket.

Additionally, a quick peek at the recent winners and successful finishers at the Masters reveals a list of golfers who’ve typically headed to Augusta in solid form. They’ve also almost always had recent success at another major championship.

Statistically, I value strokes gained: around-the-green far more than in any other tournament. With Augusta also dubbed a second-shot course, I’m also heavily weighing SG: approach.

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