2026 Masters Odds: Favorites & Trends

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Odds courtesy of Kalshi as of April 8, 2026.

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Masters notable favorites

  Scottie Scheffler (+614/14¢)

World No. 1 Scottie Scheffler remains the clear favorite in the Masters odds despite not defending his 2024 title. His fourth-place finish in 2025 marked his fourth straight Top 10 at Augusta, where he’s never finished outside the Top 20. After a dominant 2025 season, he remains the top pick regardless of who currently holds the Green Jacket.

  Rory McIlroy (+1415/6.6¢)

Rory McIlroy’s playoff win over Justin Rose in 2025 finally secured his career Grand Slam, ending a high-pressure 11-year major championship drought. With that massive burden gone, the World No. 2 remains Scheffler’s biggest obstacle en route to a third Masters victory.

What makes a “favorite” at Augusta?

Previous success matters at Augusta National more than almost any other course, and that’s part of the reason you’re seeing recent champions Scottie Scheffler and Rory McIlroy atop the board. If you look at the rest of the top choices, almost all of them have either won or come very close in recent years.

Recent form is also critical. Much of the reason for Scheffler’s short odds is that he’s won seven of his last 17 worldwide starts dating back to last May. Many of the top choices also check a lot of the boxes when looking at Augusta National betting trends.

Tiger Woods skipping Augusta in 2026

While it seemed like Tiger Woods might have been trending towards playing in this year’s Masters after returning for the TGL Finals on March 24, the conversation quickly shifted following a car crash and DUI arrest on March 27.

That news was followed by Augusta National chairman Fred Ridley confirming that Tiger Woods would be absent for the 2026 Masters.

Masters opening odds

Opening odds courtesy of SportsOddsHistory.

Biggest Masters odds movers

Biggest riser:   Tommy Fleetwood (+2400/4¢)

Tommy Fleetwood has shot up the board thanks in part to his incredible week-to-week consistency and the fact that he’s coming off a FedEx Cup-winning season in 2025.

Biggest faller:   Justin Thomas (+8233/1.2¢)

Justin Thomas is now years removed from being at the top of his game, and while there are still flashes (he won the 2025 RBC Heritage), there hasn’t been much in the way of consistently great play over the last 12 months.

Masters betting trends at Augusta National

• Augusta National experience: 10 of the last 12 Masters winners played in 2+ Masters before their win. Nine of the last 12 winners had previously logged a Top-5 finish at the Masters.
• Best of the best: The last 12 winners ranked inside the OWGR Top 25.
• Great form: Nine of the last 12 winners had already logged a tournament win that season.
• Strong start: 11 of the last 12 winners were in the Top 11 after Round 1. The last 12 winners were in the Top 8 after Round 2.
• Ball-striking prowess: The last 14 winners gained at least 18 total strokes tee-to-green in the four events before their Masters win.
• Taking advantage: 14 of the last 16 winners ranked inside the Top 40 in Par-5 scoring the year of their victory.

Only two pre-tournament betting favorites or co-favorites have won the Masters since Tiger Woods won in 2005 as a +350 favorite. Charl Schwartzel was the biggest longshot to win when he surprised the golf world back in 2011. Most recent winners fall in the +1,000 to +3,000 range. 

There also hasn’t been a repeat champion at the Masters since Tiger Woods won back-to-back tournaments in 2001 and 2002. Only four golfers since 2000 have won the event twice in three years: Woods, Bubba Watson (2012, 2014), Phil Mickelson (2004, 2006), and Scottie Scheffler (2022, 2024).

Another trend worth noting is the age of recent winners: Before Woods won in 2019 at age 43, the previous 13 champions were all under 40. That trend has continued since Dustin Johnson’s win in 2020.

Masters past winner odds

The Masters has had its fair share of long-shot winners over the years. Zach Johnson (2007), Trevor Immelman (2008), and Angel Cabrera (2009) all had odds of +12500 or longer before pulling off impressive triumphs at Augusta National. It’s worth noting that Cabrera was the only one of the three to crack the Top 10 again, finishing seventh in 2011 and second in 2013. Let’s take a look at some recent Masters champions and their closing odds to win:

Closing odds courtesy of SportsOddsHistory.

How to bet on the Masters

The Masters is the most bet golf event of the year, so naturally, many will be placing their first golf bets on the tournament. If that happens to be you, we’ve got you covered with our beginner’s guide to how to bet on golf.

The most popular way to bet on golf is by simply picking the winner, which is referred to as an outright. There are plenty of other ways to wager on most golf betting sites, however, including top finishers, head-to-head matchups, and plenty of props.

More major championship odds

Odds courtesy of BetMGM as of April 6.

Masters odds FAQs

Who has the best odds to win the 2026 Masters?

Scottie Scheffler has the best odds to win the 2026 Masters at +550. That’s an implied probability of around 15%. Remember, odds are subject to change, so the favorite can shift as results and news move the market.  

How often are 2026 Masters odds updated?

Books can adjust Masters futures at any time, especially after PGA Tour events, major news, or heavy betting action. On this page, the odds shown reflect the timestamp listed in the odds table. If you’re comparing prices, refresh the page and check the book’s current listing.

Do betting favorites usually win the Masters?

Not always. Masters outrights are a deep market, and even elite players win at a low rate in a single-event sample. Historically, many winners come from the short-to-mid range rather than the single shortest favorite. Use favorites as a starting point, then compare price to Augusta fit, current form, and alternative markets like Top 10/Top 20.

What’s the best way to bet the Masters besides outrights?

If you don’t want the volatility of an outright, consider Top 5/Top 10/Top 20 finisher bets or head-to-head matchups, which can better reflect form and course fit. Props can also offer angles without needing the winner. 

Is Tiger Woods playing in the 2026 Masters?

Augusta National chairman Fred Ridley confirmed Tiger Woods would not be playing in the Masters this year, 

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