Masters Golf Betting Odds

Here in Iowa, licensed and legal sports betting means you can bet on the Masters legally at both retail sportsbooks and online sportsbooks or apps across the state.

The Masters is first Major of the year and the most prestigious tournament on the PGA Tour. Unlike other US golf majors, which are awarded to different courses around the county annually, The Masters is held exclusively at Augusta National Golf Club in Augusta, Georgia.

Hideki Matsuyama of Japan made history at the 85th Masters in 2021 when he became the first player from his country to win a Major championship. He put on the green jacket after carding a 10-under-par from April 8-11, 2011.

Tom Watson, Jack Nicklaus and Gary Player will serve as honorary starters for the 86th Masters Tournament, which will be held April 7-10, 2022.

See below for live betting odds on every player for this year’s Masters, what kinds of Masters prop and live betting you can find and where to get the best Masters odds boosts online in Iowa.

Updated 2022 Masters odds

Matsuyama should be back to defend his title and chase a second green jacket while fans hope Tiger Woods can include The Masters in a limited comeback attempt. Golf fans in Iowa also keep an eye out for Zach Johnson. He was born in Iowa City, raised in Cedar Rapids and graduated from Drake University in Des Moines.

As the 2007 Master’s champion, the local betting favorite has a lifetime invitation to enter the world’s most prestigious golf tournament. Johnson has a second major on his resume — he also has the claret jug after winning the Open Championship in 2015.

Below is a look at the 2022 Masters odds from top Iowa online sportsbooks. Use the drop-down menu and scroll down to ‘Masters To Win’ to see the current odds for the Top 25 players. A full set of futures markets, from the Top American Player to Leader after Round 1, will appear in the week preceding the tournament.

Tiger Woods odds to win Masters

In any other year, you’d likely be able to find a price on Tiger Woods to win the Masters at better than +4200. That was before a tragic single-vehicle crash on Feb. 23, 2021, put Woods in the hospital with serious injuries to his lower body. He hopes to return to competitive golf in 2022 but said appearances will be far less frequent.

As it is, he’s one of the oldest golfers on the PGA Tour, well past his prime, and still recovering from other major injuries and surgeries that threaten to end his golfing career. The reality is Woods is a decade or older than the top contenders today, no matter the tournament, and a true longshot to win.

Still, that won’t deter legions of Tiger die-hards who think any price is an attractive price for a five-time Green Jacket winner. Woods sits within three majors of Jack Nicklaus’ record of 18 and may only play golf again in the future to catch him. If you absolutely must bet on Tiger if or when he returns, you’re probably better off betting on him to compete than win outright. You should be able to find a good price on Woods to finish in the top five or earn a spot in the final group on Sunday.

Iowa sportsbooks may also run Tiger Woods betting specials and odds boosts surrounding the Masters, which should make betting on him even more attractive.

Masters contenders and wild cards

masters oddsHere are the US Masters betting odds for the 2022 tournament’s main contenders and wild cards:

2022 Masters leading contenders

Well ahead of the 2022 Masters the prices are attractive on even these favorites to win the Green Jacket:

  • Jon Rahm: The US Open champion and World No. 1 from Spain is a betting favorite at The Masters. His best result at Augusta is a fourth-place finish in 2018.
  • Collin Morikawa: He’s the World No. 2 and top-ranked American as the golf calendar flips to 2022. He has the 2020 PGA Championships and 2021 Open Championship winner but has yet to finish in the top 10 at The Masters.
  • Jordan Spieth: Jordan Spieth has three major championships including the 2015 green jacket. He needs only the PGA Championships trophy to complete a career “grand slam.”
  • Dustin Johnson: Dustin Johnson finished tied for second in the 2019 Masters, then he won the Green Jacket while setting a scoring record in 2020. He won the 2020 PGA Tour Player of the Year, sits at No. 3 in the Official World Golf Ranking, and is a candidate to top the leaderboard at Augusta.
  • Bryson Dechambeau: Bryson DeChambeau was the talk of the PGA tour in 2020. He beefed up substantially and became the longest driver on tour en route to winning his first major at the 2020 US Open.
  • Rory McIlroy: Rory McIlroy has won the US Open (2011), Open Championship (2014), and the PGA Championship twice (2012 and 2014). All that eludes him is a win at The Masters and he’s been knocking on that door, having finished a tie for 5th in 2020.

2022 Masters wild cards

The prices are even better when you look down the list of 2021 Masters contenders at these three “dark horses:”

  • Brooks Koepka: Don’t sleep on Brooks Koepka. He’s won four majors over the past four years, finished tied for second at The 2019 Masters, and tied for seventh in 2020.
  • Patrick Reed: Patrick Reed finished in the top ten at the 2020 and 2021 Masters. Since he won a Green Jacket in 2018 and is a Masters contender again.
  • Patrick Cantlay: Patrick Cantlay finished in the top ten in 2019 and top 20 last year. The current World No. 4 has a game that sets up well for Augusta.

Top 3 Masters golf betting tips

Here are three golf betting tips that might help lead to a profitable Masters for you in 2022:

  1. Bet futures now: If you’re reading this month ahead of the 2022 Masters, don’t be afraid to dive headfirst into the futures markets. It’s the earlier the better when it comes to Masters futures as the odds are great even for the favorites months ahead of the event.
  2. Do your homework: Read and watch everything you can about golf ahead of the 2022 Masters. Finding out who is hot and who is not will turn your picks into smart, informed, and educated bets with a better chance of winning.
  3. Diversify: Since no golfer is a true favorite to win the 2022 Masters you should diversify by betting on more than one to win it. Even picking two golfers with the lowest odds to win can be profitable if the prices are right, and they usually are ahead of the tournament.

How to bet on the 2022 Masters

You can bet on the Masters at Iowa online sportsbooks in several different ways; here’s a look at the most popular:

  • Masters futures: Masters futures involve betting on golfers to win the tournament, ahead of and during the event. Masters futures markets are open throughout the year and the odds are continually adjusted based on each golfer’s chances of winning. The odds start big for most of the field and drop dramatically for the contenders that emerge in the early rounds. You lock in the currently posted odds on any bet at the time you place that bet.
  • Masters outrights: Masters outrights are the same as Masters futures immediately preceding and during the event.
  • First round leader: Bets on which golfer will lead after the first round.
  • Finishing position: Bets on a single golfer to finish in either the top 5, 10, or 20.
  • Each way: Bets on a single golfer to win, or finish in either the top 3, 4, or 5.
  • Head-to-heads: Bets on a single golfer to finish better than another.
  • Group betting: Bets on a single golfer against a specified group of four or more.
  • 2/3 Balls: Bets on a single golfer against a group including two others.
  • Nationality: Bets on which country the winner will come from.

Best Masters betting sites in Iowa

Masters live betting

Golf Betting IowaLive betting on the Masters is available at Iowa online sportsbooks. That means you can bet on the Masters in the middle of any round at odds that change with the action at Augusta.

Live bets are available on the same markets you can wager on pregame at quickly changing odds as well as hole-by-hole and shot-by-shot betting. These markets move as fast as the action on the course, making Iowa sports betting apps the only way to keep up.

Iowa online and mobile sports betting apps will offer up thousands of live betting opportunities with each round in 2022 Masters, making your mobile phone with an Iowa online sports betting app installed the perfect Masters watching companion this year.

Sportsbook rules for betting on the Masters

Iowa sportsbooks publish specific rules that govern golf betting and apply to all Masters betting. Check with the sportsbook you bet with to see how they handle specific situations throughout the Masters. For the most part, the following rules are applied:

  • Golfers are deemed to have played once they tee off in the first round. Withdrawal after tee-off is deemed a loss on outrights, group betting, and head-to-heads.
  • Masters futures bets stand whether the golfer competes or not, but outrights and head-to-heads are void and Masters bets are refunded if the golfer you bet on or the other in the head-to-head matchup does not tee off in the first round.
  • The player awarded the Green Jacket is deemed the winner in regards to futures and outrights. Playoff wins count.

2022 Masters Dates, Prize Pool

  • Dates: April 7-10, 2022
  • Course: Augusta National Golf Club in Augusta, GA
  • Purse Size: $11,500,000
  • Defending Champion: Hideki Matsuyama
  • Weather Averages: Highs from 73°F to 80°F, Lows from 51°F to 58°F, Rain just 6/30 days in April
  • Broadcast: Rounds 1 and 2 on ESPN and 3 and 4 on CBS

Masters scoring

Here’s a look at the scoring for the top two finishers in the past five Masters:


GolferFinishRound 1Round 2Round 3Round 4Total
Hideki Matsuyama169716573278
Will Zalatoris270687170279


GolferFinishRound 1Round 2Round 3Round 4Total
Dustin Johnson165706568286
Cameron SmithT267686969273
Sungjae ImT266706869273


GolferFinishRound 1Round 2Round 3Round 4Total
Tiger Woods170686770275
Dustin JohnsonT268707068276
Brooks KoepkaT266716970276
Xander SchauffeleT273657068276


GolferFinishRound 1Round 2Round 3Round 4Total
Patrick Reed169666771273
Rickie Fowler270726567274


GolferFinishRound 1Round 2Round 3Round 4Total
Sergio Garcia171697069279 (Playoff Hole Win)
Justin Rose271716769279


GolferFinishRound 1Round 2Round 3Round 4Total
Danny Willett170747267283
Jordan SpiethT266747373286
Lee WestwoodT271757169286

Most memorable moments in Masters history

Here’s a look at five memorable moments and shots in Masters history, with video highlights:

In 1987, Augusta’s own Larry Mize beat Seve Ballesteros and Greg Norman in a playoff with this chip-in on the 11th hole:

In 2012, Bubba Watson won in a playoff, setting up the win with this most improbable wedge shot from the trees:

In 1997, Tiger Woods played his first Masters as a pro, setting the scoring record, and winning his first of now five Green Jackets. The win itself was quite memorable:

In 1986, Jack Nicklaus won the Masters and his record sixth Green Jacket at age 46. He was four shots behind Seve Ballesteros with nine holes to play, but shot six-under on the back nine to win it, including this iconic putt at the 17th:

In 2005, Tiger Woods won the Masters in a playoff, but his chip in on 16 in the final round is the shot everyone remembers and it remains one of the greatest moments in Masters history:

Masters FAQ

The Vegas Masters Odds are the same odds on The Masters you find at Iowa sportsbooks. However, differences are often found by the time the tournament starts because of different betting patterns. Sportsbooks in Iowa, Vegas, and elsewhere move lines independently from one another if there’s heavy betting on one side of a bet or another.

There are a few different ways a golfer can qualify for The Masters, including:

  • Winning The Masters anytime, the US Open, Open Championship, or PGA Championship over the past five years, or the Players Championship over the past three
  • Capturing the US Amateur title or finishing runner-up
  • Winning the British, Latin America, or Asia-Pacific Amateur title
  • Winning the US Mid-Amateur title
  • Finishing in the Top 12 in the previous Masters or Top 4 in the previous US Open, Open Championship, and PGA Championship
  • Winning a PGA Tour event in the past year
  • Competing in the PGA Tour Championship
  • Making the top 50 in the Official World Golf Ranking

Augusta National members started wearing Green Jackets to identify themselves. When Sam Snead won The 1949 Masters they gave him one and the tradition was born.

Masters betting pools are like betting pools for other sporting events. You and everyone in the pool pick a set number of golfers and earn points based on how they do. You pay to enter your golfers in the pool and that money is split among the teams that earn the most points.

The 11th, 12th, and 13th holes at Augusta are referred to as Amen Corner. The nickname started in 1958 when Sports Illustrated writer Herbert Warren Wind used it to describe the miraculous way Arnold Palmer played the holes in the final round to win The Masters that year.