The slogan for the Masters is that it is a ‘tradition unlike any other.’
The broadcasters, players, and members won’t let you forget that.
But the 2023 Masters is set up to be truly unique.
The advent of the LIV Tour has completely changed the landscape of professional golf, and Augusta National will be the first time we see the defectors compete with the PGA Tour mainstays.
It’ll also be the first time bettors and bookmakers will face the challenge of trying to figure out how to handle the LIV players in a major championship setting.
Let’s take a look at the 2023 Masters odds and try to make some sense of how things may shake out at Augusta National.
Odds via FanDuel Sportsbook and current as of 12 p.m. ET on Monday.
2023 Masters odds
The Favorites: Scottie Scheffler, Rory Mcllroy, Jon Rahm
Unsurprisingly, Scottie Scheffler and Rory McIlroy are the co-favorites at +750, and Jon Rahm is right behind them at +900.
Scheffler is a deserving favorite considering he’s the defending champion and has been in sensational form this season.
Scheffler has two wins, a T4 and a T12 in his last four full-field events.
Rahm is also an easy player to throw at the top of the board since he’s got three wins in 2023 and has four top-10 finishes at Augusta, but McIlroy’s price needs some context.
The Northern Irishman hasn’t won on the PGA Tour since October (he did win on the DP World Tour in Dubai in January) and has not put up the same consistent results as the other two players in the single-digits.
Rory remains a hugely popular player, however, and does have strong history at Augusta despite not winning a Green Jacket yet — he has seven top-10 finishes in his last nine trips down Magnolia Lane — so bookmakers are not going to let his number drift since he’ll get action no matter his price here.
There is a little bit of a jump from Rahm to Jordan Spieth at +1600, but the two players who stick out in the next range are Cam Smith (+2100) and Dustin Johnson (+2700).
Smith has been sensational at Augusta in his career, with four top-10 finishes in six trips, and the Aussie was considered one of the best players in the world before he bolted for LIV, so it’s fair to question if his number is a bit too high just because he’s playing on the renegade tour.
Had Smith not jumped ship, he’d likely be hanging around Spieth and Patrick Cantlay in the teens, at the very least.
Johnson is a similar story. DJ is a former winner at Augusta and has finished inside the top-12 in six of his last seven Masters starts.
Yet, he’s priced with Jason Day, Cameron Young and Max Homa.
Those are three great players, but Johnson’s skillset and history at this tournament would normally have him at a shorter price.
The Mid-Range (+3000 to +7000)
As is always the case at majors, things really get interesting in the middle of the betting board.
With so much talent in the field, you can find some tantalizing prices on elite players.
And the good news for value-hunters is we’ve seen a handful of players crash the party from this range of the oddsboard.
Hideki Matsuyama, Patrick Reed, Sergio Garcia and Danny Willett all paid out handsomely in the years that they won.
While Cam Smith and Dustin Johnson will likely be the most popular bets among the LIV players, it wouldn’t be shocking to see Brooks Koepka get some support at +3600.
Koepka is a big-game hunter.
Not only has he won twice at the U.S. Open and twice at the PGA Championship, but he’s got top-five finishes at the other majors, too.
Koepka’s recent history at the Masters isn’t grand, but he can win in any field and could be a discount price because he’s playing on the rebel tour.
Other notable players in this range that could garner plenty of action are Sungjae Im (+3600), Viktor Hovland (+3700), and Matsuyama (+4400).
At the same time, there are some tempting numbers out there on major champions like Matthew Fitzpatrick, Shane Lowry, and Justin Rose, as well.
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Tiger Woods Masters odds
It’s pretty easy to tell which longshot will attract the most money.
Tiger Woods, who has played one competitive golf tournament this year, is sitting at +8500 and will likely be a huge liability for sportsbooks this week.
Woods is always an interesting dilemma for sports bettors.
Bookmakers could basically hang any price on Tiger and get a ton of action, which means that even at a tempting price like +8500, punters will be paying a premium on the Big Cat.
Savvy bettors will tell you Tiger’s true odds are probably double that number, but nobody would blame any golf fan for chucking a few bucks on Tiger in case he does the impossible…again.
Longshots +7000 or longer: Patrick Reed and more
Outside of Woods, it’ll be interesting to monitor the market for Patrick Reed this week.
A former winner here at +5500, Reed’s price should probably be a bit lower than this, but since he’s the anti-Tiger, meaning he’s the game’s biggest villain, and nobody ever seems to want to bet on him, bookmakers can get away with letting his number drift a bit.
Don’t be surprised if some sharp money backs Reed at this price, as his form has been decent around the world in 2023.
Other possible trendy longshots include Keegan Bradley at +16000 and former winner Danny Willett at +21000.
