Golf Betting: Bet on the Masters Tournament

Bet on the Masters | PGA Golf Betting


2021 Masters Odds Preview

Golf fans get to look forward to what appears to be a normal PGA tour season this year. The 2021 Masters Tournament is taking place at the usual Augusta National venue in April after last year’s event was pushed back to November and played with no spectators due to the coronavirus pandemic. A limited number of spectators will be allowed to attend the 85th edition of the event that’s set for April 5-11.

Tiger Woods, the 5X Masters champion, won’t be attending, and it’s possible that Brooks Koepka will miss it too. Woods crashed his car in late February and is still recovering from serious leg injuries, which will eliminate the possibility of any Tiger Woods betting for a while. As for Koepka, he’s recovering from knee surgery to correct damaged ligaments from a displaced knee cap. That leaves Dustin Johnson, Bryson DeChambeau and Justin Thomas at the top of golf odds as we head towards the event.

The PGA Favourites

Dustin Johnson, the top-ranked golfer in the world, is available for +800 on the Master's odds board to claim what would be his third major championship. He will look to repeat his performance from four months ago at the 2020 Masters where he placed first in a field of 92 players. Johnson’s 20-under par (268 total strokes) broke the previous record that he shared with Jordan Spieth and Woods. Following his Masters victory, Johnson added a first-place finish on the European Tour at the Saudi International.

The favourite for last year’s Masters, Bryson DeChambeau failed to live up to expectations in the event and finished tied for 34th. He has cooled down a little since his quick rise in golf stardom following his first and only major victory at the US Open last September. Since his lackluster performance at the Masters, he missed the cut at the Genesis Invitational in February, but he did win the Arnold Palmer and finished tied for third at the Players Championship. He’s available at +1000 for the Masters betting

Justin Thomas is also available for +1000 odds. The No. 3 golfer and 2020 PGA Player of the Year is coming off his first Players Championship victory. The 2017 winner of the PGA Championship has been steadily improving his performance at the Masters every year since his Tournament debut in 2016 when he finished 39th. Last year, Thomas, along with three other players including Dustin Johnson, held the lead through 36 holes, but he ended up finishing fourth, which was his first top-10 finish at Augusta. 

The PGA Contenders

A logjam on the tour championships odds board has three players all checking in at +1200 to win the Masters: Brooks Koepka, Jordan Spieth and Rory McIlroy. At press time, it remains unknown if Koepka will actually compete after damaging ligaments in his right knee from a ruptured knee cap. Koepka came agonizingly close to winning the Masters two years ago when he finished tied with Johnson and Xander Schauffele for second.

Spieth and McIlroy, however, are healthy and confirmed to be part of the field. Despite making his 13th career appearance at the Masters, McIlroy has yet to don the Green Jacket. His best finish was in 2015, when he placed fourth. A bit of a rough stretch has plagued the Northern Irishman, whose last victory was at the WGC-HSBC Champions in 2019. 

The 2015 Masters was also Spieth’s best finish at Augusta. That was the year he topped McIlroy and the rest of the field for his first and only career Masters victory. Spieth has had two top-10 finishes since then, but faltered at the 2020 Masters, where he finished tied for 46th.

The PGA Underdogs

A little further down the golf betting odds board, you’ll find Jon Rahm (+1400) and Collin Morikawa (+2000) as intriguing betting options. Rahm and Morikawa are the third and fourth-ranked golfers in the world and could make a big splash in April. Making top-9 finishes the last three years at the Masters, Rahm seems to always finish strong, but has yet to claim a major. As for Morikawa, he hasn’t enjoyed the consistency of Rahm, but he’s had some wild victories, including last year’s PGA Championship; he also looked good winning the WGC Workday Championship in February.

The field is available for early betting in our futures market, so be sure to browse the options and fill out your bet slip prior to the big event.


*Odds as of March 28, 2021


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Types of PGA Betting

Golf can be a foreign, yet exciting, world to enter for the average sports bettor. Golf futures offer tremendous variety for you to choose from when betting on your favourite player at a preferred course. In addition, Head-2-Head betting and Golf 3-Ball betting are some of our most popular betting options. If you’re new to golf betting, fear not. We’ve built this handy guide to help you navigate through the most common betting scenarios and give you the best chance to make the most of your wager. If you’re a seasoned pro in the golf betting world, then this guide may provide you with some useful tips to refine your golf betting strategies. Let’s dive in to the exciting world of golf betting with Bodog.


How Golf Futures Work

Within the Golf Futures category of Bodog’s sportsbook, bettors have the opportunity to place wagers on who they think will win one or all of the major PGA tournaments. As we discussed earlier, the 2019 Masters is getting the most action, as we’re mere weeks away from the tournament’s tee off. However, if you’re interested in making some bold, long-term predictions to get an edge on the odds, the PGA Championship, US Open and The Open Championship are all available for bettors to explore.

We’ll use an example from the 2019 US Masters to illustrate how futures betting works.

Rory McIlroy +700

Rory McIlroy is the favourite to win the tournament, as his +700 golf betting odds are shorter than the rest of the field. If McIlroy wins, bettors would be paid $700 on a $100 bet.

In addition to betting on the majors, golf fans can bet on the money list winner for the Champions Tour as well as which team will win at the Walker Cup, Solheim Cup and the Ryder Cup.


How Golf Head-to-Head Betting Works

A Head-to-Head bet in golf gives bettors the option of making a side bet between two players on the course during a tournament. Lines are set for each player regardless of the results of the rest of the player field.

Branden Grace +1000

Dustin Johnson -350

Tie +450

For the WGC – Dell Match Play, Branden Grace and Dustin Johnson were each assigned odds as if they were playing against each other head-to-head in the tournament. In this example, Johnson was the overwhelming favourite, as indicated by his negative odds. Grace was the underdog, as indicated by his positive odds. If Grace managed to upset Johnson in the tournament, bettors would be rewarded with a $1000 payout on a $100 bet. Those going for the favourite would win $100 on a $350 bet. If a tie were to occur, bettors would be awarded with a $450 payout for a $100 bet on the tie.


How Golf 3-Ball Betting Works

3-Ball betting is another popular side bet available at Bodog Sportsbook. In 3-Ball, three players are assigned odds to win within the group regardless of the results of the rest of the field. The player with the lowest score of the three is declared the winner of the side bet. If two or more players finish in a tie, dead heat rules apply.


Lucas Bjerregaard -120

Matt Wallace +170

Justin Thomas +400

In this example, Lucas Bjerregaard was selected as the favourite of the 3-Ball grouping, as indicated by his negative odds. If Bjerregaard won the grouping with the lowest score, bettors would be paid $100 on a $120 bet. If Matt Wallace came out victorious, bettors would be paid $170 on a $100 bet. And if bettors took Justin Thomas as the longshot, they’d be rewarded with a $400 payout on a $100 bet. As with all sports betting with Bodog, ensure you’re keeping up to date on the developing odds as the Masters and other golf tournaments approach.


Bet on the 2019 PGA Masters Tournament | Bodog