Bet On Masters at NJ Online Sportsbooks

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The Masters is the most prestigious tournament on the PGA Tour. Each year, golfers compete at Augusta National Golf Club, and the winner earns the hallowed green jacket.

If you’re new to the event or betting on it, let us at PlayNJ walk you through the basics to get you into the swing of things.

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Masters Betting Odds 2023

Futures odds for the 2022 Masters are up at NJ sportsbooks. Check the live odds below for the latest odds on the next Majors tournament. Simply use the drop down menu on the top left of the table to select the Masters, or any of the other Majors. *Note: Always check your sportsbook for most current odds.

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Where can you bet on The Masters in New Jersey?

Here in New Jersey, there are almost two dozen sportsbook options for Masters betting. If you are inside state lines and have access to one of the many sportsbook apps or can visit one of 12 retail books, you can bet on the 2023 Masters.

Don’t get fooled by the offshore companies, which are unsafe and illegal. There are many legal options that we’ve reviewed and recommend. The best books will have a large variety of options for betting on the Masters.

When and where to watch the Masters

  • Dates: April 6-9, 2023
  • Course: Augusta National Golf Club in Augusta, GA
  • Purse Size: $11,500,000
  • Defending Champion: Hideki Matsuyama

The Masters airs on two different networks, depending on the round: First two rounds are on ESPN and Rounds 3 and 4 on CBS.

How golf odds work

The first thing you need to know to bet on golf, obviously, is how to read the odds. When you first open up an NJ online sportsbook and visit the golf section to read the odds, you will likely see something like the following:

Example odds to win the Masters:

  • Dustin Johnson: -150
  • Jordan Spieth: +110
  • Brooks Koepka: +500

What you want to look for here is the sign in front of the odds. If it’s a minus sign, as it is with Johnson, that indicates the amount of money you’d bet to win $100. In this case, $150.

On the other hand, if it’s a plus sign, as with the other two golfers, that tells you how much you’ll win if you bet those golfers and they come through. In this case, you’d win $110 on Spieth if he won and $500 on Koepka.

You don’t have to bet in those increments, but this gives you an idea of how the lines work.

Masters betting tips

Track the course’s history

The Masters Tournament is played at Augusta National Golf Club every year, so you can rely on course history to see how players perform there.

When you’re betting on a golfer, make sure he has a strong track record on the course with either wins or close calls. You’ll want to avoid players who have consistently struggled at Augusta.

Which players’ strengths play well to the course?

Somewhat of an extension of the first point, you’ll want to have a good understanding of Augusta National Golf Club as certain types of skill sets play well to the course.

For example, Greens In Regulation tends to be an essential number as from 1994-2014, the winner at Augusta was in the Top 5 of that stat 14 times.

Over the years, they’ve extended the course, so it plays well to the big bombers off the tee like Johnson and Bubba Watson. Guys like Matt Kuchar and Jason Dufner, who don’t drive the ball as well, are less likely to succeed on this long course.

Current form

One important factor to consider when betting on golf is the current form. Take a look at the players who are performing at a high level going into the event and make your pick from that crop. That could mean a number of wins or Top 10s heading into the event.

Betting on a player that has missed multiple cuts and is struggling is generally considered a risky proposition.

Check out the current Masters odds at DraftKings Sportsbook.

Top 5 golf bets

1. Outright

This type of bet allows you to pick who will win the Masters tournament. It’s a risky bet as the player you choose has to win it all, but it also has the highest payout.

2. Top 5/Top 10

Another option is to bet on a player to finish in the Top 5 or the Top 10. This gives you a wider margin of victory, but your payout decreases a little bit.

3. Make the cut

This prop bet allows you to bet on whether a player will make or miss the cut.

4. Head-to-head betting

This type of bet pits two golfers against each other. Then you have to decide which of the two will have the lower score at the end of four rounds (and which golfer will finish better).

5. Live

If you’re not interested in placing a bet before the tournament starts, you can also live bet the Masters. This gives you the opportunity to see the golfers play a round or two before you jump in and make your bet.

Download FanDuel Sportsbook to bet on the Masters.

The previous 10 winners at the Masters

  • 2022: Scottie Scheffler (-10)
  • 2021: Hideki Matsuyama (-10)
  • 2020: Dustin Johnson (-20)
  • 2019: Tiger Woods (-13)
  • 2018: Patrick Reed (-15)
  • 2017: Sergio García (-9)
  • 2016: Danny Willett (-5)
  • 2015: Jordan Spieth (-18)
  • 2014: Bubba Watson (-8)
  • 2013: Adam Scott (-9)
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