Whether you’re a die-hard fan of Augusta National or just getting into the swing of golf betting, here’s everything you need to know to make the most of the action this April.

First, the Basics: Understanding Golf Odds

Golf odds are usually listed in decimal or American format. At Sports Interaction, you’ll mostly see American odds. Here’s a quick look at the 2025 Masters outright winner odds from Sports Interaction:

What does +500 mean? A $100 bet on Scheffler at +500 would return $600 total if he wins ($500 profit plus your original $100 stake).

Popular Ways to Bet on the Masters

Outright Winner

This is the most straightforward bet—pick who you think will win the green jacket.

If you’re backing Rory McIlroy to finally complete his career Grand Slam at +800, a $50 bet would return $450.

This bet is tough to hit (you’re picking from a massive field), but the payouts can be huge—especially if you’ve got a long shot in mind like Hideki Matsuyama at +2800.

Each-Way Bets

Want a safety net? An each-way bet is basically two bets in one:

• One for your golfer to win.

• One for them to finish top 5 (or sometimes top 8, depending on the sportsbook promo).

So if you bet $20 each-way ($40 total) on Ludvig Åberg at +1400, and he finishes 4th, your place portion still pays out—at a fraction of the outright odds.

This is a great option for bettors chasing value without going all-in on a win.

Top 5 / Top 10 / Top 20 Finish

Not ready to crown a winner? Bet on a player to finish within a certain range instead.

Example: Collin Morikawa may not win, but if he’s solid at Augusta and you bet him to finish Top 10 at +275, that’s still a tidy profit if he comes through.

These bets are less risky than picking an outright winner and great for casual fans who want to stay in the hunt all weekend.

Head-to-Head Matchups

This bet type pits two players against each other—whichever one finishes higher wins the bet, no matter their final place.

Let’s say Sports Interaction posts:

• Scottie Scheffler (-120) vs. Jon Rahm (+100)

If you think Rahm is due for a bounce-back, you can take him at plus money without worrying about the rest of the leaderboard. This is a great bet type if you follow certain players closely.

Top Nationality

Here’s where you get patriotic. This market lets you bet on the top player from a specific country or region (e.g. Top Canadian, Top European, Top American).

If Corey Conners is listed as the favourite for Top Canadian, but you’ve got a feeling about Mackenzie Hughes, this is your time to shine.

Live Betting and Futures

The Masters is perfect for live betting—especially as Augusta’s final nine holes can swing wildly on Sunday. Odds update hole-by-hole, letting you jump in when the momentum shifts.

You can also bet futures months in advance if you think someone’s trending up heading into April.

Let’s Bet on Golf!

Betting on the Masters adds an extra layer of excitement to an already epic tournament. Whether you’re picking a heavy hitter like Scheffler or backing a dark horse like Matsuyama, the key is understanding your options—and having a little fun while you’re at it.

To get started, sign up at Sports Interaction.

Golf betting isn’t about hitting every outright winner—it’s about finding value, riding the drama, and maybe yelling at your TV just a little bit louder when your guy sinks a birdie at Amen Corner.