⛳ Masters Odds & Favorites: How to Bet the 2027 Masters

We're still soaking in Rory McIlroy’s historic second consecutive green jacket at Augusta National Golf Course, but the betting focus has already shifted to the 2027 Masters odds. Set for April 8-11, 2027, the 91st edition of the tournament promises to be a pivotal moment in golf history. With a massive PGA Tour overhaul looming and the Grand Slam pressure officially a thing of the past for Rory, the early odds board at Augusta National is wide-open.

Current betting markets favor the usual suspects, but there is significant value brewing in the mid-tier. Scottie Scheffler (+430) remains the gold standard for consistency, while reigning champion Rory McIlroy (+550) opens as a close second in his quest for a legendary three-peat. 

📊 Masters odds 2027

Here are the 2027 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 (+430)

Scottie Scheffler enters as the +430 betting favorite for the 2027 Masters due to his unparalleled consistency at Augusta National, underscored by his incredible bogey-free weekend to finish solo second in 2026. His ball-striking remains the gold standard - his current status as the world No. 1 and his streak of finishing T-7 or better in six straight majors gives you all the reason to believe he'll be at the top of the leaderboard once again next year. With two green jackets already in his closet and a game perfectly suited for Augusta's second-shot layout, Scheffler is the most reliable pick to win his third Masters.

☘️ Rory McIlroy's Masters odds (+550)

McIlroy enters 2027 as one of the favorites to achieve a historic three-peat, having secured back-to-back green jackets in 2025 and 2026. His unmatched off-the-tee power and newly found consistency on Augusta's greens have finally erased the Grand Slam pressure that plagued him for a decade. With his confidence at an all-time high, McIlroy’s game is once again ready to dismantle the Augusta's par-5s and join the most elite tier of golf legends.  

🌳 Masters info 2027

• When: Thursday April 8 - Sunday, April 11
• Where: Augusta National Golf Club, Augusta, Ga.
• Defending champion: Rory McIlroy
• How to watch: ESPN, CBS
• Streaming: Prime Video, Paramount+, Masters.com
• Favorite: Scottie Scheffler (+430 via FanDuel)

 📺 How to watch the 2027 Masters

The Masters will be available for longer and in more ways than ever before, with Prime Video picking up early-afternoon coverage on Thursday and Friday. Masters.com will once again carry every shot of the tournament. Here was the full broadcast info for 2026, with 2027 still to be determined:

Canadian viewers can watch the Masters on TSN and CTV, and french viewers can watch on RDS. Sky Sports covers the Masters in the U.K.

📖 Masters opening odds 2027

Here are the opening Masters odds for the 2027 tournament at Augusta National Golf Course, as of April 13:

🏌️ Masters field 2027

This is still to be determined for 2027. Here is the final 2026 Masters field; the field consisted of 91 invitees (amateurs marked with (A)):

The following past champions have been invited but won't be participating:

• Tommy Aaron
• Charles Coody
• Ben Crenshaw
• Nick Faldo
• Raymond Floyd
• Trevor Immelman
• Bernhard Langer
• Sandy Lyle
• Phil Mickelson
• Larry Mize
• Jack Nicklaus
• Mark O'Meara
• Gary Player
• Craig Stadler
• Tom Watson
• Tiger Woods
• Ian Woosnam

Masters eligibility criteria

Here are the various ways by which to qualify for the Masters:

• 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.

🧠 How to bet the Masters

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 2027 Masters?

Scottie Scheffler has odds of +430 via BetRivers to win the 2027 Masters. These odds represent an implied win probability of 18.87%.

Has Tiger Woods confirmed he's playing the 2027 Masters?

Tiger has not yet committed to playing the 2027 Masters.

When does the 2027 Masters start?

The 2027 Masters will be played from Thursday, April 8 through Sunday, April 11.

Where is the 2027 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 12-under par, defeating Scottie Scheffler, who shot 11-under par.

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

Rory McIlroy was the last golfer to win the Masters back-to-back, doing so in 2025 and then again in 2026.

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.