2026 Masters Odds: Scheffler Opens as Betting Favorite Over McIlroy

Call it a drought. Call it a curse. It's officially over.

Rory McIlroy completed the career grand slam on his 11th try, becoming the sixth golfer to accomplish the feat, after winning his first career green jacket at Augusta National Golf Course. Yet Scottie Scheffler still opened as the betting favorite by the 2026 Masters odds from our best golf betting sites. He'll look to win the Masters for the third time in five years next April.

Let's look at the opening 2026 Masters odds below, along with an assessment of some of the early betting favorites to win at Augusta National Golf Course.

📊 Live Masters odds 2026

Here are the live 2026 Masters odds from our best sports betting sites. The odds update in real time to help with your golf picks:

⛳ Masters favorites 2026

🇺🇸 Scottie Scheffler

Best odds: +500 via BetMGM ($10 pays $50)

Up To $1,500 First Bet

Bonus bets will expire in 7 days. One new customer offer only. Additional terms and conditions apply.

Claim $1,500

Scheffler finished fourth in this year's Masters and will attempt to win his third green jacket in five years next April.

The World No. 1 was clearly without his best game for much of the week at Augusta National, but he was still able to limit mistakes and produce positive scores.

He'll remain the betting favorite for the next three majors in 2025, as well as the remaining Signature Events, and likely by the FedEx Cup odds. Still, he doesn't warrant an early futures bet at this already-low number. We should see his odds lengthen if McIlroy can add another major title this year.

Rory McIlroy

Best odds: +550 via BetMGM ($10 pays $55)

It wasn't easy, but Rory McIlroy is a Masters champion.

His Sunday lead was as large as four strokes and his deficit as large as two. Ultimately, as Bryson DeChambeau collapsed in the final pairing, McIlroy defeated veteran Justin Rose to secure his elusive green jacket.

While I don't foresee Scheffler's early odds shortening - regardless of how many events he wins over the next year - McIlroy's prices could shrink considerably. He quickly became a co-favorite by the PGA Championship odds, and the British Open will be played in his native Northern Ireland. Another major win this year, and another FedEx Cup win, could lead to him becoming the outright Masters favorite by April.

🌳 Masters info

📅 When: Thursday, April 9 - Sunday, April 12 (unconfirmed)
⛳ Where: Augusta National Golf Club, Augusta, Ga.
🏆 Defending champion: Rory McIlroy
📺 How to watch: ESPN, CBS, Masters.com
💰 Favorite: Scottie Scheffler (+500 via BetMGM)

🏌️ Masters field 2026

The 2026 Masters field won't be finalized until early April, but here's how players will qualify for the Masters over the coming year:

• Past champions: Golfers who have won the Masters in previous years are automatically invited to participate for the rest of their careers.
• Current champions: Winners of other major championships (such as the U.S. Open, The Open Championship, and the PGA Championship) from the past year are invited to compete.
• PGA Tour winners: Golfers who have won PGA Tour events leading up to the Masters, typically over the past year, may also receive invitations.
• Amateur champions: Winners of certain top amateur tournaments, such as the U.S. Amateur Championship, are often invited to play.
• World Golf Ranking: The top players in the Official World Golf Ranking (OWGR) and other recognized world rankings usually receive invitations.
• Special invitations: The Masters committee has the discretion to extend special invitations to golfers who may not meet the above criteria but have demonstrated exceptional talent or accomplishments in the past.
• Qualifying tournaments: There are opportunities for golfers to qualify for the Masters through special tournaments and qualifiers, such as the U.S. Open or other international events.

💰 Masters betting history

Here is a look at Masters betting odds history.

Historical odds via GolfOdds.com.

🎟️ How to bet on the Masters

You can bet on the Masters by signing up with our best golf betting sites today. We track the best sportsbook promos to help you get started and get the most out of your initial wagers.

Editor's note: Bonuses are for U.S. residents only

Some golf betting sites require you to input golf betting promo codes to claim their sign-up bonuses. Refer to our up-to-date table below to see which online sportsbooks have codes and what their active welcome offers are:

Gambling Problem? Call 1-800-GAMBLER

🧠 Masters betting tips for beginners:

1. Research players and the course: Learn about the strengths and weaknesses of different golfers and how Augusta National typically plays.
2. Shop for the best odds: Compare odds at different sportsbooks to get the best possible value for your bets.
3. Start with simple bets: Begin with straightforward bets like outright winners before moving to more complex markets.
4. Set a budget: Decide how much you're willing to bet and stick to it. Golf betting can be unpredictable, so it's essential to gamble responsibly.
5. Enjoy the experience: Betting on the Masters can add excitement to watching the tournament, but remember it's for fun. Stay informed and enjoy the golf!

🔢 How to read golf odds

Here's how to read golf betting odds using American odds format:

• Positive odds: Positive odds indicate the potential profit on a $100 wager. For example, if a golfer has odds of +300, it means that a $100 bet would yield a profit of $300 if the golfer wins the tournament. So, your total payout would be $400 ($300 profit + $100 original stake).
• Negative odds: Negative odds represent the amount you need to wager to win $100 in profit. For instance, if a golfer has odds of -200, it means that you would need to bet $200 to win $100 in profit if the golfer wins. Your total payout would be $300 ($100 profit + $200 original stake). In a tournament like the Masters, it's unlikely to see negative odds on any golfer until late in Sunday's final round while using our best live betting sites.

Understanding these American odds allows you to quickly assess the potential payout and implied probability of a golfer winning a tournament. Positive odds indicate an underdog, while negative odds signify a favorite.

Odds will move leading up to a tournament's start and throughout the event. Live odds will be reflective of the current leaderboard, golfer performance, and the position of the pre-tournament favorites. The odds also factor in the popularity of certain golfers, and how much money the sportsbooks have taken on those golfers to win the tournament.

❓ Masters FAQs

Who is the favorite to win the 2026 Masters?

Scottie Scheffler has odds of +500 to win the 2026 Masters. These odds represent an implied win probability of 16.67%.

When is the 2026 Masters?

No date has been set for the 2026 Masters yet, but we expect the tournament to be played from Thursday, April 9 through Sunday, April 12.

Where is the 2026 Masters?

The Masters is held every year at Augusta National Golf Club in Augusta, Ga.

How can you watch the Masters?

Television coverage of the Masters is split between ESPN and CBS. The tournament can be streamed on Masters.com.

Who won last year's Masters?

Rory McIlroy won last year's Masters at 11-under par, defeating Justin Rose in a one-hole playoff.

Who was the last back-to-back winner of the Masters?

Tiger Woods in 2001 and 2002 was the last golfer to win the Masters back-to-back.

Who's won the most Masters?

Jack Nicklaus' six career Masters wins are the most of all time. The last of those wins came in 1986.

🏆 More major championship odds

Odds via bet365 as of April 6.

⛳ Golf betting odds pages

🏌️Here are our best golf betting sites:

• Caesars Promo Code: SBRBONUSDYW
• BetMGM Bonus Code: SBRBONUS
• bet365 Bonus Code: SBRBONUS
• FanDuel Promo Code
• DraftKings Promo Code
• Hard Rock Bet Promo Code
• Fanatics Sportsbook Promo Code

(21+. Gambling Problem? Call 1-800-GAMBLER)
* Bonuses not applicable in Ontario.

Not intended for use in MA.
Each betting site featured on SBR has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission.