Masters Betting Odds 2023
Masters Betting Odds 2023
This week, one of the calendar year’s most thrilling sporting events, The Masters, is taking place. Hosted yearly at the Augusta National Golf Club, the event is steeped in history, prestige, and tradition. The top players worldwide compete, with the champion receiving the coveted green jacket and a position among the legends of the sport.
Indeed, Tiger Woods is returning for the 2022 edition.
Now that it’s legal and safe to place bets on The Masters in Illinois, this spring sports calendar highlight has become even more thrilling. We present our comprehensive guide to betting on the Masters, which includes live odds from online sportsbooks in Illinois.
Best Masters betting sites in Illinois
Betting odds for the Masters
The Masters, being one of the most significant events in the golf calendar, always piques widespread interest. This is not solely confined to regular golf fans. Even those who aren’t avid followers of the sport are drawn to The Masters, contributing to a substantial amount of betting activity.
This annual event garners such immense interest that there’s a lively futures market for the Masters. As soon as the current edition concludes, odds for the upcoming one are announced. A list of Masters odds for all participating golfers will be available. The betting community starts to place their bets shortly after the odds are publicized. Consequently, the Masters betting odds may fluctuate. This adjustment of odds will persist throughout the year, as more bets are placed and sportsbooks recalibrate the odds accordingly.
Some golfers will draw substantial attention leading to a decrease in their odds, whilst others will see less action. It’s crucial to note that the odds vary across different legal operators. For instance, PointsBet Sportsbook may offer odds of +900 on Jon Rahm, whereas BetRivers might price him at +1,000. When wagering on Masters futures, the objective is to secure the best possible price for your preferred golfers. Therefore, it’s definitely worth investing time to compare odds across various platforms.
Find the live odds for this year’s Masters at online sportsbooks in Illinois below. Use the drop-down menu at the top left to view all the odds boards for this year’s Masters Tournament. Click on any odds to directly access the sportsbook, claim your bonus, and place your bet.
Five top Masters betting tips
When the Masters event comes up, you will be inundated with opinions regarding who will clinch the win. Given the substantial media attention this event receives, you will have an abundance of predictions and controversial opinions to sift through.
However, cashing winning tickets once the tournament ends requires much more. Here are some tips to guide you as you analyze the Masters field:
- Rewrite: Evaluating Weather and Tee Times: Ideally, the weather would be consistent with four days of flawless action. However, this isn’t always the case. Factors such as wind and rain could potentially disrupt the event, so it’s important to keep an eye on the forecast. Additionally, keep track of which golfers might tee off under unfavorable conditions compared to those who won’t.
- Devote Time to Masters History: At major tournaments, certain golfers shine whereas others might crumble under pressure. When contemplating which players to bet on, it’s crucial to examine their past performances at the Masters. Those who have previously performed exceptionally well, resulting in high finishes, warrant additional consideration during your research.
- Focus your Research: In the context of research, the Masters field is highly competitive. Sifting through all the golfers set to compete can be challenging, but you can expedite the process by concentrating your efforts. Divide the odds board into several categories, focus on the most attractive options from each category, and spend most of your time on these.
- When handicapping your preferred golfers, consider their positions in the Official World Golf Rankings in relation to the odds board. This could help you identify potential mispricings. Even though oddsmakers are typically accurate, it’s not impossible to find an undervalued golfer.
- Plan Your Betting: Before you place a bet, ensure you have a specific budget and a comprehensive plan on how you want to distribute it. The Masters offers multiple betting options, which we will discuss shortly. With proper planning, you can diversify your bets, minimize risk, and stay within your comfort zone.
How to bet on the Masters in Illinois
Betting on the Masters is available almost all year due to the futures market. As soon as the current Masters concludes, sportsbooks reveal the odds for the next one. Bettors start placing their bets immediately, keeping the market lively all season long.
You can choose your positions whenever you want, but keep in mind that futures demand a long-term perspective. Your money will be locked until a victor is declared, so always bet within your financial comfort zone.
While futures offer a fantastic method for wagering on the Masters, there are other options available. Below are some of the more favored methods for you to partake in the excitement:
- Tournament Winner: As the Masters approaches, the odds for the tournament’s winner will take the spotlight.
- You are also able to place bets on golfers to rank amongst the top performers, such as the top five, ten, and so on. Additionally, you can place an each-way bet, which covers both a win and a high placement.
- The tournament spans four days, each comprising individual rounds. You have the opportunity to wager on the golfer you believe will be the best performer for each round.
- Sportsbooks will match golfers into pairs or groups for head-to-head matches. This functions similarly to a moneyline bet, where you need to choose the golfer with the highest score to win.
- Prop Betting: These are additional bets on possible outcomes in the tournament, like the total number of birdies in a round or a golfer’s score exceeding or falling short of a certain number.
Live betting on the Masters
You are not required to cease betting after the first tee shot at the Masters. Live betting offers punters the chance to place bets as the event unfolds in real-time. This rapidly-changing market, also known as in-game betting, can be easily managed with top sportsbook apps, which make it simple to keep up with the action.
Firstly, create an account by clicking on our exclusive links. By doing so, you will receive some enticing bonus offers. The sportsbook registration process will take a few minutes. Once you’re done, download the app suitable for your device from the sportsbook website.
Next, simply sign into your mobile and you’ll be ready with a live sportsbook in your pocket. You can enjoy the Masters, while simultaneously monitoring the app for betting options.
Top operators employ fantastic technology that has advanced to the extent that you can wager on individual shots. Live betting augments the experience of the Masters, simultaneously providing more opportunities for successful bets.
Sportsbook rules for betting on the Masters
As you become more experienced with various sportsbooks, you’ll notice many have similar rules. However, they may deal with certain situations differently. Remember the following key points for the Masters:
- Should a golfer withdraw prior to the event, the odds relating to that player will be taken down from the board. Any bets placed on that golfer will be nullified and refunded.
- The wager may also be voided for golfers who withdraw during the event, however, please refer to the house rules for the precise procedure.
- All bet settlements are determined by the official scoring statistics from the Masters.
- Should the Masters be unexpectedly cancelled, all futures bets will be nullified and refunded.
In essence, it’s crucial to reiterate the importance of reviewing the house rules, particularly concerning players who can’t complete the game. The rules for golf betting can be located in the help section of online sportsbooks and apps.
When is the 2022 Masters?
The Masters is a major highlight in the spring sports schedule. Here are the specifics for the upcoming edition.
- When: April 7-10, 2022
- Location: Augusta National Golf Club, Augusta, GA
- Weather Forecast: Expect average high temperatures in the 70s and lows in the 50s.
- Details of the Course: Par 72; 7,475 yards.
- Viewing: CBS, ESPN
- In 2021, the total prize pool amounted to $11.5 million, out of which the winner’s share was $2.07 million.
- Hideki Matsuyama won in 2021 with a score of 10-under par.
Past winners at the Masters
Interest in the Masters is escalating, and it’s not solely due to the surge in legal sports betting. The past ten years have witnessed some truly exceptional performances at Augusta National. Let’s take a retrospective glance at the champions and finalists during this period:
| Year | Winner | To Par | Runner-Up | To Par | Purse | First Place Share |
|---|---|---|---|---|---|---|
| 2021 | Hideki Matsuyama | -10 | Will Zalatoris | -9 | $11.5M | $2.07M |
| 2020 | Dustin Johnson | -20 (Record) | C. Smith, S. Im | -15 | $11.5M | $2.07M |
| 2019 | Tiger Woods | -13 | D. Johnson, B. Koepka, X. Schauffele | -12 | $11.5M | $2.07M |
| 2018 | Patrick Reed | -15 | Rickie Fowler | -14 | $11M | $1.98M |
| 2017 | Sergio Garcia | -9 | Justin Rose (lost playoff) | -9 | $11M | $1.98M |
| 2016 | Danny Willett | -5 | J. Spieth, L. Westwood | -2 | $10M | $1.8M |
| 2015 | Jordan Spieth | -18 | P. Mickelson, J. Rose | -14 | $10M | $1.8M |
| 2014 | Bubba Watson | -8 | J. Blixt, J. Spieth | -5 | $9M | $1.62M |
| 2013 | Adam Scott | -9 | A. Cabrera (lost playoff) | -9 | $8M | $1.44M |
| 2012 | Bubba Watson | -10 | L. Oosthuizen (lost playoff) | -10 | $8M | $1.44M |
Top 5 moments at the Masters
Dating back to 1934, The Masters has a rich history with 2020 marking its 84th edition as a hallmark event in golf. Augusta National has been the stage for numerous remarkable moments over the years, many of which are contenders for the most memorable. Here’s a look at five such moments that certainly earn their place in this discussion:
- Tiger Woods secures his fifth green jacket https://youtu.be/pE-aOBGN8UM
- Jack Nicklaus claimed his final Masters victory in 1986 https://youtu.be/BUnKzpOHZUY
- In 1997, Tiger shatters records https://youtu.be/xJZjqjVGZSw
- In 1996, Nick Faldo made a dramatic comeback to beat Greg Norman https://youtu.be/6wK8cYzzZ5o
- Phil Mickelson secures his first Masters victory in 2004 https://youtu.be/CqlU19oOznM
Bet on Tiger Woods at the Masters
Despite being a sentimental favorite to win the Masters in 2019, Tiger Woods was not favored by the oddsmakers. They placed him behind several top contenders, yet many sports bettors still backed him. These bettors proved to be incredibly insightful. On the final day, Woods started two strokes behind, but he delivered a historic performance on Sunday to secure his fifth green jacket in a thrilling finish. Despite this, he was unable to defend his title in 2020, ending with a 4-over-par-76.
Woods also won the Masters in 1997, 2001, 2002, and 2005. The extended period between his victories set a record, making it an impressive feat for Woods, and many people believe he’s not finished yet. Is that enough to place a bet or two on him?
Regrettably, Woods was involved in a solo car accident in 2021, just weeks before the Masters, which sidelined him from participating. However, as of 2022, he has made a comeback and is now eligible for betting in Illinois.
The Masters FAQs
The Masters stands out largely because it continues to be perceived as an event that is exclusively by invitation. Nonetheless, there exists a particular procedure for deciding who gets to participate. The list includes former Masters champions, winners of any other major in the last five years, and those who have delivered superior performances in the current season.
In the past, Las Vegas was the go-to place for legal US sports betting and odds. However, the landscape has changed significantly today. With the legalization of sports betting in an increasing number of states, operators beyond Las Vegas are able to offer odds that are just as competitive as those found in the desert city.
The green jacket has been a distinctive part of the attire for Augusta National members since 1937 through 1948. However, from the 1949 Masters tournament onward, the winner also started receiving a green jacket, and previous winners were retroactively awarded one. This tradition continues to thrive, with the green jacket still being a much-coveted item.
A sportswriter in the late 1950s was seeking a phrase that would encapsulate the intricacies of navigating the stretch from hole 11 to 13 at Augusta National. He coined the term “Amen Corner,” which was warmly welcomed. The phrase has since become a staple in the broadcasting and discussion of the Masters event.
The Masters tournament pool categorizes golfers into distinct tiers. Participants in the pool are required to select one golfer from each tier. Once the tournament concludes, entrants with the highest scores emerge as winners. There are free-to-play Masters pools available online.