The Masters Tournament is finally here.
That’s a relief for gamblers who have been eagerly awaiting the first major of the year.
The best of the best are flocking to Augusta National Golf Club for the action.
Thankfully, Indiana’s online sportsbooks are ready to help make this tournament one to remember.
2021 Masters Tournament betting odds
Dustin Johnson is hoping to win the 85th edition of the Masters this weekend.
Johnson won the last tournament back in November, all while setting a new scoring record at 20 under.
There hasn’t been a back-to-back Masters champ since Tiger Woods back in 2001-2002, so at least historically speaking, winning again will be easier said than done for Johnson.
Speaking of Tiger Woods, the golf legend won’t be playing in this year’s Masters Tournament. The five-time Masters winner is still recovering from a car crash in February that left him seriously injured.
Johnson is the betting favorite for the tournament this year, but you’ll still see plenty of other big names amongst the list of top golfers.
Masters Tournament prop betting
If you’re only betting on which golfer will win the Masters, then you’re missing out big time.
The best part about betting on golf is all of the special types of prop bets out there for the majors.
DraftKings has the widest selection of fun options out there by far, so we’ll be using their prop odds here.
Masters matchup and group betting
Tournament matchups are some of the more popular golf betting options out there.
A sportsbook will put two golfers up against each other for betting purposes.
For example, you can bet on whether Bubba Watson or Gary Woodland will end up with the best finishing position. Woodland is the +110 underdog with Watson is the -143 favorite.
Those golfers aren’t going head-to-head against each other in any specific way during the Masters, but these types of bets give you an extra golfer to cheer for.
It might be completely arbitrary outside of your wager, but having someone to root against can be just as fun as hoping your golfer wins.
Group betting can take this up to the next level.
Instead of betting on one golfer to beat out another, you’d be gambling on one golfer to beat out four others in their group.
Here’s a look at the betting odds for Group A:
- Dustin Johnson: +300
- Jon Rahm: +320
- Bryson DeChambeau: +335
- Jordan Spieth: +335
- Justin Thomas: +350
There are six different groups to pick from, so there’s plenty of variety if you’re feeling good about a certain golfer’s chances.
Hole-in-one and eagle betting
You can also bet on your favorite golfer to make an eagle in the first round of the tournament.
Jordan Spieth is +500 to knock one down.
Hole-in-one betting is also on the board, although that’s obviously more of a long shot.
Bryson DeChambeau has the best odds for a one and done at +6,600.
Hole-in-one betting is akin to taking the over on Tom Brady’s rushing yards, or betting on Ben Simmons to make a three-pointer in a game.
Are they likely to happen? No. Do they give you something out-of-the-box to cheer for? Absolutely.
These can be a ton of fun for gamblers, but they’re best approached as small wagers just for the sake of entertainment.
If you’re looking for better odds on hole-in-one betting, then you can take some of the overarching tournament props rather than betting on a specific golfer.
Right now, any golfer in the tournament to shoot a hole-in-one is -162, so that’s a lot easier than pinning it down to one player.
If you want to narrow things down a little more, then you can bet on which specific hole the hole-in-one will happen on.
Even betting on the nationality of the player to drain a hole-in-one is on the board. There are a ton of options out there, so there’s something for everyone.
Masters nationality prop betting
Nationality props are another one of the rarer options out there for golf betting.
Outside of racing events like the Indianapolis 500, there aren’t many sports that offer nationality betting.
Right now, the USA has the best odds to come out on top at -162. A European golfer to win the tournament is a close second at +250.
That can be a great to spice up the typical Masters betting experience, but it’s not the only option.
Think you can pick who the top Asian golfer will be? That type of betting is available for all of the following nationalities:
- South Africa
- South Korea
- Continental Europe
- Britain & Ireland
That gives golf gamblers an insane number of options for nationality betting.
All of these props are only a few of the options that are out there for the majors. If any of these peak your interest, then check out your favorite sportsbook for the entire list of options.
DraftKings Masters Tournament promotions
Augusta Top 10 Choose Your Boost
DraftKings has the most prop betting options out there for the Masters, but the sportsbook also has a pair of new promotions for the tournament.
The “Augusta Top 10 Choose Your Boost” is for new users only, so you’ll have to sit this one out if you already have a DraftKings account.
The promotion dramatically boosts the odds for any golfer to make the top 10.
You can use this deal to get 100-1 odds on any golfer’s chances, even the heavy favorites like Dustin Johnson.
All you have to do to qualify for the promotion is to sign up for DraftKings.
Once you do, just deposit at least $5 into your account to receive your odds boost.
The boost is a great way to turn $1 into $100. Odds like that are nearly impossible to find, so place your bet before the Masters start to take advantage of the promo.
Champions Foursome Cut Boost
Betting on golfers to make the cut at the Masters is a popular type of wager.
The “Champions Foursome Cut Boost” is a new way to make the most of those bets.
The promo boosts the odds of Dustin Johnson, Patrick Reed, Jordan Spieth and Sergio Garcia to all make the cut.
The deal bumps the odds for that bet up to +150, which is a great value considering that each of those golfers is already a heavy favorite to make the cut.
There’s a $25 max bet for the promotion, so don’t expect to come in guns blazing with your wager.
Anyone can use this boost, regardless of whether or not you already have a DraftKings account.
PointsBet Top 20 Insurance
PointsBet has its own deal available for the Masters that anyone can use.
The sportsbook’s “Top 20 Insurance” deal is a solid value if you’re betting on the outright winner of the tournament.
If you bet on a golfer to win the tournament, but they end up finishing in the top 20 instead, then PointsBet will refund your bet up to $25.
That money will appear back in your account as free bets.
This deal is a great way to take out some of the risk of betting on golf.
After all, losing a bet sucks. At least with betting insurance like this you have a chance to get some money back if you end up losing.
All you have to do to qualify for the deal is to sign up for PointsBet and then find the insurance under the “Promos” section of the website or app.
William Hill First Round Insurance
William Hill is getting in on the insurance promo fun for the Masters.
The sportsbook’s “First Round Insurance” is hoping to capture your interest early on.
If you bet at least $25 on which golfer will be in the lead after the first round, then William Hill will refund you if your bet loses.
Your golfer will have to finish in the top five of the first round to qualify for the promo.
The refund will come in form of a free bet, but there’s a catch.
This isn’t a straight insurance, it’s actually a boost. William Hill will give you 150% of what you wagered if you use this deal.
So for example, let’s say you bet $30 on Dustin Johnson to lead after the first round. If your bet loses, but Johnson is still in the top five, then William Hill will credit you with $45.
You can earn up to $50 back from your free bet, so head over to William Hill if you’re betting on the first round.
BetRivers Masters Tournament promotion
Never tried BetRivers before? Now could be the perfect time to give the sportsbook a shot.
The company’s promotion for the Masters is for new users only.
The deal is essentially giving out bonus money for Masters bettors.
Just be sure to sign up for BetRivers and make a deposit of at least $25 using the code “MASTERS100.”
Once you do, just bet at least $10 on any golfer to win the Masters.
That’s it! That’s all you have to do to qualify for the deal.
After you place your bet, BetRivers will send your account $100 in site credit, as long as the golfer you bet on finishes in the top 100 of the tournament.
If none of these promotions turn your head, then don’t sweat it. More deals will likely come out throughout the tournament, so just check in with your favorite sportsbook for the most up-to-date list of options.