2024 Masters Odds, Betting Trends: Everything You Need To Know

Patrick Everson Sports Betting Expert

4 minute read

2024 Masters Odds | Free Picks

Masters odds take us straight from "One Shining Moment" to "A Tradition Unlike Any Other." That makes this week among the best on the sports betting calendar.

After three rounds and plenty of shuffling around, it still turns out that pre-tourney favorite Scottie Scheffler is in the lead. Scheffler is only up by one stroke entering the final round. But with his dominance all season, that's enough to make him minus-money chalk in odds to win the Masters.

Here's everything you need to know about the 2024 Masters odds market: action, movement and betting trends. Check back regularly for updates, as bookmakers provide their insights on Masters futures odds. When you're ready to bet, use our Caesars Sportsbook bonus code to unlock potential extras. And if you're a golf bettor in North Carolina, registration is now available, as all the top North Carolina sportsbooks are live.

2024 Masters Odds

Great Scottie

Midway through Round 3 Saturday, Scheffler started to look human. He double-bogeyed the par-4 10th hole, then bogeyed the par-4 11th. That knocked him to 4 under for the tournament and two shots off the lead.

However, Scheffler steadied himself with a par on the par-3 13th. And on 14, he reasserted his dominance, draining a 35-foot putt for eagle. That took him to 6 under and a tie for the lead.

He added birdies on 15 and 18, and a bogey on 17, to stand alone in first at 7-under 209. BetMGM has Scheffler -120 to don the green jacket Sunday.

"Scottie is a loser for us, but not a big loser," BetMGM trader Christian Cipollini said.

Masters odds opened more than a year ago, on April 11, 2023. Scheffler started as the +900 second choice, behind +750 favorite Jon Rahm. Pre-Round 1, Scheffler was the +500 favorite, and he shortened to +150 and +140 after Rounds 2 and 3, respectively.

The Action Network's Spencer Aguiar isn't looking at Scheffler on Sunday. But he does have a couple Round 4 matchup best bets worth checking out.

Collin Calling

Collin Morikawa is Scheffler's closest competition, after posting the best Saturday score of anyone in contention. Morikawa shot 3-under 69 for a 6-under 210 total.

It's been a topsy-turvy ride on the Masters odds board for Morikawa. A year ago, he opened +2000. Prior to Round 1, he was +5000, and after an opening 71, he fell back to +6600.

But a steady 1-under 70 in Friday's windy conditions helped the 2020 PGA Championship winner move to +1400. And Morikawa is now the +350 second choice.

Max Homa dropped a shot Saturday with a 1-over 73, but he's still solo third at 5-under 211. After opening +3300 and sitting at +5500 Thursday morning, Homa is the +750 third choice entering the final round.

BetMGM wouldn't mind Morikawa or Homa winning at Augusta. Basically, the book is looking to dodge Scheffler.

"We're rooting for basically anyone else at this point," Cipollini said.

Ludvig Aberg shot 2-under 70 Saturday for a 4-under 212 total. He's alone in fourth and is the fourth choice in odds to win the Masters, at +850.

Bryson DeChambeau struggled on Saturday, shooting 3-over 75 to stand fifth at 3-under 213. BetMGM's risk room isn't confident DeChambeau will rebound from four shots off the lead. He's the fifth choice, but his odds slid out to +2000.

Woods Wipeout

Tiger Woods made it to the weekend, cashing in for those who bet on him to make the cut. But he completely crashed and burned in Round 3 Saturday.

Woods had two birdies against eight bogeys and two double bogeys. On holes 6-9, he went bogey/double bogey/double bogey/bogey, and he bogeyed the last four holes.

Tiger began Saturday at 1-over 145, certainly in position to make things interesting. Not anymore, though. With a 10-over 82, Woods is at 11-over 227. He's tied for 52nd and ahead of just four players among the 60 who made the cut.

As such, BetMGM dodged its largest outright liability.

"Tiger, Brooks Koepka, Rickie Fowler and Phil Mickelson were all problems for us. But we're not sweating those now," Cipollini said.

Indeed, none of those four players are even on the Masters odds board heading to Sunday. Koepka and Mickelson are tied for 36th at 6-over 222, and Fowler is tied for 28th at 221

On Friday, Woods set a Masters record with his 24th consecutive made cut.

Patrick Everson

Patrick Everson is a senior reporter for VegasInsider. Based in Las Vegas since 1994, he's worked in the sports betting journalism/content space for more than a decade. He's most known for his deep roster of contacts behind sportsbook counters, providing readers and viewers with the ins-and-outs of how events are being bet. He's also a thought leader in the sports betting space, often appearing on or moderating panels at national conferences. More from Patrick Everson