⛳ Masters Odds & Favorites 2026: Tiger Woods Leaves Door Open

Scottie Scheffler entered the 2026 PGA Tour season as the +335 betting favorite by the Masters odds, and those outright odds have already dropped to +300 after a strong start to the campaign as he hopes to win a third career green jacket at Augusta National Golf Course. The 2026 tournament will begin on Thursday,  April 9, and run through Sunday, April 12. Rory McIlroy (+750 Masters odds) returns as the defending champion after last year's epic playoff win over Justin Rose (+3000), who won the Farmers Insurance Open in January.

Tiger Woods left the door open that he could play in the year's first major in mid-April, with his Masters futures odds around +25000.

Scheffler's Masters odds represent an implied win probability of 25% in what's likely to be an 80-90-man field. But there's value in my early Masters picks.

📊 Masters odds 2026

Here are the live 2026 Masters odds from our best sports betting sites. The odds update in real time to help with your golf picks:

⛳ Masters odds betting favorite

Scottie Scheffler (+300)

Scheffler finished fourth in last year's Masters despite never really appearing to be at the top of his golf all week in Augusta, Ga. That was far from the truth for the remainder of the PGA Tour season, as Scheffler won two majors (PGA Championship and British Open) and four other tournaments from May through September.

Bet against the two-time Masters winner, but there's almost assuredly no harm in waiting with his odds already at just +300. Hope for a poor start to the season for the No. 1 golfer in the Official World Golf Ranking (OWGR) and pounce if we see these odds lengthen at all.

☘️ Rory McIlroy's Masters odds (+750)

McIlroy collected three international victories in addition to his long-awaited Masters win in April of last year. He also had two runner-up finishes, a third-place result, and five other top 10s with just missed cut through 22 events played. He finished the year second in the OWGR.

McIlroy has always been viewed as the perfect course fit for Augusta National. Last year's breakthrough victory could start a green jacket collection for the Northern Irishman.

🐯 Tiger Woods Masters odds

Tiger Woods hasn't played competitive PGA Tour golf since missing the cut in the final three majors on the 2025 season. Despite being sidelined by a back injury and ranking 2,885th in the OWGR he has a lifetime invitation to the Masters as a five-time champion.

Speaking at a press conference in mid-February, Tiger said that him playing in the 2026 Masters isn't off the table.

Woods' odds to win the Masters for a sixth time are listed at +25000, representing an implied win probability of 0.40%. Jack Nicklaus is the oldest person to win the Masters, doing so in 1986 at 46 years and 82 days old. Tiger Woods is 50 years old.

💰 Masters futures

Here are our early Masters futures from our golf betting experts; odds may have changed since bets were placed:

🌳 Masters info 2026

• When: Thursday, April 9 - Sunday, April 12
• Where: Augusta National Golf Club, Augusta, Ga.
• Defending champion: Rory McIlroy
• How to watch: ESPN, CBS, Masters.com
• Favorite: Scottie Scheffler (+300 via DraftKings)

📰 Masters odds updates

• Masters odds entering PGA Tour season
• Brooks Koepka's major odds

📖 Masters opening odds 2026

Here are the opening Masters odds for the 2026 tournament at Augusta National Golf Course, as of April 20:

• Scottie Scheffler (+500)
• Rory McIlroy (+550)
• Ludvig Aberg (+1400)
• Bryson DeChambeau (+1600)
• Xander Schauffele (+1600)
• Collin Morikawa (+1800)
• Jon Rahm (+2000)
• Justin Thomas (+2000)
• Hideki Matsuyama (+3000)
• Brooks Koepka (+3500)
• Viktor Hovland (+3500)
• Joaquin Niemann (+4000)
• Jordan Spieth (+4000)
• Patrick Cantlay (+4000)
• Tommy Fleetwood (+4000)
• Shane Lowry (+5000)
• Cameron Smith (+6000)
• Corey Conners (+6000)
• Jason Day (+6000)
• Justin Rose (+6000)
• Min Woo Lee (+6000)
• Patrick Reed (+6000)
• Robert MacIntyre (+6000)
• Russell Henley (+6000)
• Tyrrell Hatton (+6000)
• Will Zalatoris (+6000)
• Akshay Bhatia (+8000)
• Max Homa (+8000)
• Sahith Theegala (+8000)
• Sepp Straka (+8000)
• Sungjae Im (+8000)
• Tony Finau (+8000)
• Wyndham Clark (+8000)

🏌️ Masters field 2026

The 2026 Masters field won't be finalized until early April, but here's how players will qualify for the Masters over the coming year:

• Past champions: Golfers who have won the Masters in previous years are automatically invited to participate for the rest of their careers.
• Current champions: Winners of other major championships (such as the U.S. Open, The Open Championship, and the PGA Championship) from the past year are invited to compete.
• PGA Tour winners: Golfers who have won PGA Tour events leading up to the Masters, typically over the past year, may also receive invitations.
• Amateur champions: Winners of certain top amateur tournaments, such as the U.S. Amateur Championship, are often invited to play.
• World Golf Ranking: The top players in the Official World Golf Ranking (OWGR) and other recognized world rankings usually receive invitations.
• Special invitations: The Masters committee has the discretion to extend special invitations to golfers who may not meet the above criteria but have demonstrated exceptional talent or accomplishments in the past.
• Qualifying tournaments: There are opportunities for golfers to qualify for the Masters through special tournaments and qualifiers, such as the U.S. Open or other international events.

💰 Masters betting history

Here is a look at recent Masters winners and their odds prior to Round 1:

Historical odds via Sports Odds History.

🧠 Masters betting 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 2026 Masters?

Scottie Scheffler has odds of +300 to win the 2026 Masters. These odds represent an implied win probability of 25%.

When is the 2026 Masters?

The 2026 Masters will be played from Thursday, April 9 through Sunday, April 12.

Where is the 2026 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.

Who won last year's Masters?

Rory McIlroy won last year's Masters at 11-under par, defeating Justin Rose in a one-hole playoff.

Who was the last back-to-back winner of the Masters?

Tiger Woods in 2001 and 2002 was the last golfer to win the Masters back-to-back.

Who's won the most Masters?

Jack Nicklaus' six career Masters wins are the most of all time. The last of those wins came in 1986.