2027 Masters Futures Odds: McIlroy Enters as Two-Time Defending Champ

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Round 4 In-Play Update

LATEST UPDATE: At 4:50 p.m. ET, 2.5 hours after the leaders teed off, there are co-leaders. Justin Rose shot 4 under on the front nine to get to 12 under and the solo lead.

Rose moved to the favorite for a couple of holes, but a bogey on 12 dropped him to the +200 second choice. Co-leader Rory McIlroy is now the +155 favorite. McIlroy is even par for the day and 11 under overall, through 10 holes.

"Rose was top-10 in ticket count and a small liability pre-tournament. We're not getting much in-play action on him. It's been mostly Cameron Young and Scottie Scheffler," SuperBook vice president of risk Jeff Sherman said.

Young was tied for the lead with McIlroy to start the day, at 11 under. But he just bogeyed the ninth and is at 10 under, a shot behind Rose and McIlroy. So Young is now the +450 co-third choice.

Scottie Scheffler, 2 under on the day through 12 holes and 9 under overall, is the +550 fourth choice.

"Rose and Young are small liabilities. We do well with the others, overall."

Russell Henley is also having a strong day, 3 under on his round and 10 under overall through 13 holes. He's the +2000 fifth choice.

The big mover has been Tyrrell Hatton, who's 6 under while playing No. 18 to get to 10 under for the tournament. But Hatton is almost out of holes and, though he'll be the clubhouse leader shortly, he's +6000 in Masters futures odds.

Post-Round 3 Update

LATEST UPDATE: Rory McIlroy is on the brink of putting this away. McIlroy just birdied No. 13 to get to 13 under, two shots ahead of late-surging Scottie Scheffler and three shots clear of four players at 10 under.

McIlroy followed with a par on 14, still two ahead with four holes to go.

Caesars Sports has McIlroy the near-prohibitive favorite at -600. Cameron Young and Scottie Scheffler follow at +1000, then Justin Rose at +1400. No one else is shorter than +4500.

There's plenty of in-play action across the board at Caesars Sports.

"In-play has been a steady, even spread on the guys touching the top of the leaderboard. Action has been abundant since Rory surrendered the lead in Round 3," Caesars lead golf trader Anthony Salleroli said.

Of course, McIlroy has since given himself a two-shot lead with four holes to play.

FIRST UPDATE: Saturday morning, Rory McIlroy was poised to make it a runaway in 2026 Masters futures odds. But Sunday now promises to be high drama at Augusta.

The pack caught up to McIlroy, who's tied with Cameron Young at 11-under 205. McIlroy is the +160 favorite at The SuperBook, after sitting at -250 before Round 3. Young is the +200 second choice, followed by Sam Burns (+600), who's one shot back at 206.

Six players are within four shots of the leaders, and another three are five shots back.

Young and Scottie Scheffler were the big movers on Moving Day. Young began the day eight shots off the lead and fired a 7-under 65 to share the lead with McIlroy, who shot 1-over 73.

Scheffler also shot 65 to move from a dozen-shot deficit to just four strokes behind McIlroy and Young. Scheffler is the +1000 fourth choice, after sitting at +6000 before the third round.

No surprise, as Scheffler charged, bettors jumped on board Saturday.

"Scheffler and Shane Lowry saw the most in-play support during the third round," SuperBook vice president of risk Jeff Sherman said. "The book is in good shape in the outright market on all except Young, Justin Rose and Patrick Cantlay."

Sherman said Young and Rose are small liabilities, while Cantlay is a large liability. Cantlay shot 66 Saturday and is tied for ninth at 6-under 210. However, Cantlay is a +10000 long shot in Masters odds

Lowry gave the field a jolt with a hole in one on No. 6. He shot 4-under 68 and is solo fourth at 9-under 207. Lowry is the +1400 fifth choice.

Sherman certainly thinks Scheffler can keep surging and that Sunday is wide open.

"That sums up Scheffler's season thus far: Off to a relatively poor start and then make a charge toward the end. It won't surprise me at all if he threatens further Sunday," Sherman said. "I could see anyone within five shots of the lead entering the mix."

Round 3 In-Play Update

LATEST UPDATE: By 6 p.m. ET, Rory McIlroy had not only lost his six-shot lead, but he was one stroke behind. Cameron Young, who began the day eight shots behind, just finished a strong round of 7-under 65 to take the lead at 11-under 205.

Right after Young finished, McIlroy birdied No. 14 to tie Young at 11 under.

Following Friday's second round, McIlroy was 12 under and the -250 favorite in The SuperBook's Masters odds. He's still the favorite with four holes to play Saturday, but he's +110. Young is the +300 second choice, followed by Sam Burns (10 under) at +600.

Then, stunningly, comes Scottie Scheffler, who began the day at even par and ended at 7-under 209. Scheffler began Saturday 12 shots back, and he's now just four behind. That prompted The SuperBook to move Scheffler all the way into +1400, after starting the day at +6000.

SECOND UPDATE: At 3:30 p.m. ET, a lot more players are alive than at the start of the day. Rory McIlroy bogeyed the opener to fall to 11 under, while Patrick Reed opened birdie-birdie-birdie. Further, Sam Burns, Cameron Young and Haotong Li put up some early birdies.

And Scottie Scheffler is in the mix, as well, after going 6 under through 11 holes in his third round.

Caesars Sports now has McIlroy – now back to 12 under – as the -165 favorite. Following McIlroy:

• Young +950
• Reed +1000
• Scheffler +1200
• Burns +1500

With many making moves behind McIlroy, in-play action is picking up at Caesars.

"There has been a steady string of in-play on all markets. Scottie is off to a blistering third-round start. That selection alone is getting plenty of action, as everybody loves a comeback," Caesars lead golf trader Anthony Salleroli said.

FIRST UPDATE: Scottie Scheffler entered the third round at even-par 144, 12 shots behind leader Rory McIlroy. Scheffler then played his front nine in 5 under, while McIlroy has yet to tee off.

So Scheffler is now seven shots back and tied for fourth with Cameron Young.

After Round 2, Scheffler was a distant +6000 at The SuperBook, the co-10th choice in 2026 Masters odds. Now, as of 2:30 p.m. ET Saturday, he's the +2000 co-third choice with Patrick Reed.

McIlroy remains the -250 favorite as he's about to tee off. Tommy Fleetwood, who just teed off, is the +1800 second choice.

Post-Round 2 Update

LATEST UPDATE: Rory McIlroy put the hammer down from holes 12-18 in Friday's second round, recording birdies on all but No. 14. In fact, he birdied the last four holes en route to a 7-under 65 for a 12-under 132 total.

In the aftermath, The SuperBook moved McIlroy to the -250 favorite in 2026 Masters odds. With Rory holding a six-stroke lead, no one else is shorter than +1600.

Pre-tournament, bettors were skeptical of a second straight McIlroy green jacket. On March 4, he was the +850 second choice at The SuperBook, behind +550 favorite Scottie Scheffler.

By Thursday morning, McIlroy was out to +1600, with the defending champ dealing with back issues and not playing for a couple weeks. Those concerns were entirely allayed by Friday night, and McIlroy is now the -250 favorite at The SuperBook.

"I am surprised, given his time off leading up to the tournament," SuperBook vice president of risk Jeff Sherman said. "It is evident his win last year is allowing him to play more freely this time and it's showing."

It's also just fine with Sherman.

"We do very well with McIlroy in the outright market, as most bettors turned to others, rather than the defending champion," he said.

At most sportsbooks, Patrick Reed, Justin Rose and Tommy Fleetwood are the Nos. 2-4 choices, though not necessarily in that order. At The SuperBook, Fleetwood and Reed are both +1600, followed by Rose at +1800.

Reed has back-to-back 69s for a 6-under 138 total, tied for second with with Sam Burns (71). Fleetwood (68) and Rose (69) are both at 139, as is Shane Lowry (69).

Sherman said most of those near the top of the 2026 Masters odds represent a good outcome for The SuperBook.

"We do well with other contenders except for Rose, Cam Young and Brooks Koepka," he said.

Young made a nice late-Friday charge with a 5-under 67 for a 4-under 140 total, tied for seventh. Koepka (69) is tied for 13th at 141. Young is the +2500 sixth choice, and Koepka is the +5000 co-eighth choice along with Xander Schauffele.

Burns was at +10000 (100/1) Thursday morning and blasted off to the +1000 fourth choice after tying McIlroy with a first-round 67. On Friday night, Burns stood at +2000, fifth on The SuperBook's 2026 Masters odds board.

So can anyone make a charge? Sherman might not bet on it, but pointed to a couple possible prospects.

"I would give the nod to Reed or Fleetwood as two that might make a charge – Reed with his aggressive mentality, and Fleetwood with how consistently well he has been playing," Sherman said.

The SuperBook plans to offer in-play betting on Saturday and Sunday – if McIlroy doesn't turn this into a total blowout.

"The in-play might not make it past tomorrow," Sherman said.

Post-Round 1 Update

LATEST UPDATE: Rory McIlroy and Sam Burns shot 5-under 67 in Thursday's first round to sit as co-leaders. That's just fine with The SuperBook.

McIlroy, the defending champion, was the second choice in 2026 Masters futures odds a month ago, at +850. By the time Thursday's round began, he was out to +1600, trailing a handful of golfers while drawing light support after missing the past few weeks with back issues.

Burns was an afterthought, as well, closing at +10000 (100/1) pre-tournament. Now, McIlroy is the +275 favorite, while Burns made the huge jump to +1000 fourth choice.

"McIlroy is very solid for us," SuperBook vice president of risk Jeff Sherman said. "He didn't have much support, which eased his closing odds out to 16/1, the longest they had been all year.

"Same with Burns, although our position with him is not quite as strong as McIlroy, due to the longer odds."

In fact, pretty much everyone near the top of the board – 16 players are under par – would be a good outcome in odds to win the Masters.

"The book is in good shape on those under par, except for Justin Rose and Jacob Bridgeman," Sherman said.

Rose made a run at the leaders, getting to 4 under through 16 holes Thursday. But last year's runner-up – Rose lost to McIlroy in a playoff – then bogeyed Nos. 17 and 18 to finish at 2-under 70. He's now the +1400 fifth choice.

Bridgeman, who opened +30000 (300/1) a year ago and closed in the +5000/+6000 range, is now +4000 after a 1-under 71.

Two-time Masters winner Scottie Scheffler is tied for sixth after a 2-under 70. Scheffler, the +550 pre-tourney favorite, is now the +400 second choice in Masters futures.

LIV Tour stars Bryson DeChambeau and Jon Rahm both closed among the top four choices in The SuperBook's Masters odds. But neither had a good first round.

DeChambeau struggled to a 4-over 76, tied for 56th. Rahm was even worse with a 6-over 78, tied for 73rd. Both will be hard-pressed to make the cut, with the top 50 and ties advancing to the weekend.

"I was most surprised by the poor play of DeChambeau and Rahm, two of the favorites coming in. I had a difficult time not finding at least one of those two in contention, and they really struggled today," Sherman said.

The SuperBook's prop bet of winning score closed at 275.5, and Sherman said the book will need the leaders to slow down a bit.

"We saw sharp money on Over 275.5. But with enough two-way and aggressive movement on the price, the book needs the Over on that prop," he said.

Different sportsbooks have different house rules on the prop bet of first-round leader. In The SuperBook's case, in the event of a tie, the winner is the golfer with the most birdies. McIlroy had six birdies, while Burns had four.

Scheffler Slippage

LATEST UPDATE: Scottie Scheffler has slipped a notch this week in BetMGM's 2026 Masters odds, going from +550 Monday to +600 as of Wednesday afternoon. Still, he remains the favorite, with Jon Rahm the +1000 second choice.

Bryson DeChambeau and defending champion Rory McIlroy represent the co-third choice at +1200, followed by Ludvig Aberg and Xander Schauffele at +1400.

DeChambeau has overtaken Scheffler in both tickets and money, by a narrow margin.

"Scheffler is actually a decent winner for the book, as it stands now," BetMGM trading manager Seamus Magee said, adding Xander Schauffele is a good outcome, too. "We wouldn't mind seeing either of them take the green jacket this Sunday."

Notably, BetMGM would love McIlroy to grab a second straight green jacket. The 2025 champ has been dealing with back issues the past month, last competing on March 15 in the final round of The Players Championship, where he tied for 46th.

Although McIlroy is near the top of the Masters odds board, he's 10th in tickets and money at BetMGM.

"He's a big winner for the book. So a repeat would be a welcome outcome," Magee said.

Rounding out the top five in tickets in BetMGM's Masters futures odds:

• Aberg
• Rahm
• Cameron Young

And rounding out the top five in money:

• Rahm
• Aberg
• Young

These odds have been up ostensibly for a year, and Young has made huge progress. He opened +10000 (100/1) and is now into the +2000 seventh choice. But Magee didn't place Young among the book's concerns.

"Notable liabilities include DeChambeau, Justin Rose and Brooks Koepka. Matt Fitzpatrick and Akshay Bhatia have seen a bigger uptick in action the past couple weeks, as well. So we're looking to avoid those names.

"Cam Smith has also taken a lot of action this week. We'd like to avoid him Sunday, as well."

Smith is a longer shot, though, at +9000. Fitzpatrick is in to +2200, after opening at +10000 (100/1). Rose is +3000, Koepka is +4000 and Bhatia +5500.

DeChambeau, Scheffler Lead Way

TUESDAY UPDATE: As of 9 p.m. ET Tuesday, less than 36 hours before play begins, Scottie Scheffler is the +550 favorite at theScore Bet. Scheffler's number stretched out over the past week, from +475.

Still, the world No. 1 is getting plenty of attention in Masters futures odds at theScore Bet. Scheffler is No. 2 in ticket count and No. 1 in money.

Third choice Bryson DeChambeau (+1000) is No. 1 in tickets/No. 2 in money. And there's a notable gap in tickets/money from Scheffler/DeChambeau to the rest of the field.

Rounding out the top five in tickets in theScore Bet's 2026 Masters odds:

• Ludvig Aberg
• Cameron Young
• Jon Rahm

And rounding out the top five in money:

• Aberg
• Rahm
• Young

Rahm is up to the second choice at +950, overtaking DeChambeau. McIlroy, the defending champion, is the +1200 fourth choice and is lightly bet so far, at No. 9 in tickets and No. 10 in money.

FIRST UPDATE: Scottie Scheffler's 2026 season features six events, six made cuts, six top 25 finishes and three top-fives, including a win in the American Express to start the year. But he's had bumpy starts in a few tournaments, which has taken the bloom off the rose to a degree.

On March 4, Scheffler was the +325 favorite in The SuperBook's 2026 Masters futures odds. On April 4, five days before the field tees off at Augusta, Scheffler is still the favorite, but he's out to +550.

"Scheffler's betting support has waned," said Jeff Sherman, SuperBook vice president of risk and renowned golf oddsmakers. "His first-round difficulties this season have caused bettors to shy away from the larger wagers on him thus far.

"If lack of support continues, I wouldn't hesitate to head toward 6/1."

As for needs and liabilities as Thursday nears:

"Our most preferred winners at this time are Scheffler and Rory McIlroy, among others," Sherman said. "Current liabilities include Ludvig Aberg, Brooks Koepka, Patrick Cantlay, Justin Rose, Cameron Young, Jose-Maria Olazabal and Jacob Bridgeman."

Liability on Olazabal is strictly a function of limited tickets at huge odds of 5000/1.

Defending champ McIlroy opened +550 a year ago, slid to +850 by March 4 and is now the +1200 co-fourth choice with Aberg. Bryson DeChambeau is the +1000 second choice in The SuperBook's 2026 Masters odds, followed by Jon Rahm at +1100.

Trending Late

LATEST UPDATE: As of April 4, Sherman pointed to two golfers getting attention in the past few weeks, with the Masters just a few days out.

"Any time we approach an upcoming major, the golfers who are trending with bettors are the ones who have either won or performed well recently," Sherman said. "The two who stand out at this point are Cameron Young and Matt Fitzpatrick.

"Both their odds have shortened to 20/1 from the 50/1 range."

Young has three top-10 finishes in six starts, including a prestigious win in The Players Championship in March. Fitzpatrick has three top-10s in seven starts, including a victory in the Valspar Championship, a week after taking second to Young in The Players.

"I like Cameron Young's chances next week, as he has thrust himself into a higher tier of golfer," Sherman said, noting he has a ticket on Young at +5200. And to clarify: Sportsbook personnel can bet on events, just not at their employer's shop.

"Matt Fitzpatrick's odds feel a tad [too short] to me for Augusta, even though he has had a tremendous start to the season."

Sherman also noted Aberg, who as noted above is the +1200 co-fourth choice with McIlroy.

"After Aberg's final-round struggles at Sawgrass, he is contending again and has caught the bettors' eye again," Sherman said. "Aberg's affinity for Augusta has him as our largest liability, including a $5,000 wager at 18/1 in November.

"It will be interesting to see if Aberg learned from his Sawgrass experience  last month."

Indeed, through two rounds at The Players, after a Friday 63, Aberg led by two strokes. He shot 71 Saturday, still good enough for a three-stroke lead. But Aberg then blew up with a 76 on Sunday to tie for fifth.

Movers and Shakers

LATEST UPDATE: A few more golfers playing well this season have seen significant shortening in 2026 Masters futures odds.

"Notably, Patrick Reed is at 30/1, down from an opening 60/1. Justin Rose is 30/1, from an opening 60/1. Si Woo Kim is 65/1, from an opening 150/1. And Jacob Bridgeman is 60/1, from an opening 300/1," Sherman said.

"Reed and Rose have solid histories at Augusta. The other two would need current form to translate to the course."

Rose forced McIlroy into a playoff at Augusta last year. Rose also tied for second at the 2015 and 2017 Masters. Reed won the 2018 Masters.

Sherman said there are two $100 bets on Bridgeman at 300/1.