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How to Bet on The Masters 2021

“A tradition unlike any other.” This is the tagline for the Masters, the major golf tournament held annually at the Augusta National Golf Club in Augusta, Georgia. The Masters Tournament was established in 1934 and has been an important part of golf’s rich history for nearly a century.

With legal sports betting finally coming to Tennessee, golf fans will have the opportunity to bet on tournaments year-round, from major events like the Masters to smaller events on the PGA Tour. Here’s your guide to betting on the Masters in Tennessee.

Where to bet on The Masters tournament in Tennessee

While golf may not have the following that sports like football and basketball do in Tennessee and around the country, it is still one of the nation’s most popular sports with a very loyal niche following. For this reason, every sportsbook app legally operating in Tennessee is equipped to offer lines on golf tournaments, including US Masters betting odds.

Odds on major events like the Masters will be offered everywhere. But each sportsbook has different bet types and prices available. This is especially true in smaller golf tournaments, as some Tennessee sportsbooks offer comprehensive lines on all golf tournaments while others just focus on the big ones. When it comes to the Masters, it’s worth checking them all out to shop around for the best odds on the golfers you believe are going to perform the best at Augusta.

How to bet on The Masters online

Golf fans who don’t have experience with golf betting might think that the only option they have for betting on the Masters is simply trying to pick the winner. But golf betting is actually far more in-depth than that. This is a breakdown of the various bet types that Tennessee golf bettors can try out.

Masters Tournament winner

A futures bet on which golfer will win the Masters is the most classic type of bet in golf. Betting odds on the four major tournaments are often listed months in advance and are adjusted regularly based on changes to the field, recent performances and betting action the sportsbooks are receiving on each golfer.

Golf futures odds are generally listed in the following format:

  • Bryson DeChambeau (+850)
  • Rory McIlroy (+1100)
  • Dustin Johnson (+1200)
  • Brooks Koepka (+2000)
  • Tiger Woods (+2200)

Betting odds that start with a “+” indicate how much you would win with a $100 bet. So in the example above, a $100 bet on Bryson DeChambeau at +850 to win would earn you an $850 profit should DeChambeau win the Masters. A $50 bet on Dustin Johnson at +1200 would pay $600 if Johnson were to win the tournament.

Your price is locked in whenever you bet on it, and you can bet on as many golfers as you’d like. Since the prices are always being updated and vary from sportsbook to sportsbook, it’s always a good idea to try to find the best odds on your preferred picks before placing your bets.

Futures odds are updated even as the event is taking place; the Masters odds available before Saturday’s round begins will be heavily influenced by how Thursday’s and Friday’s action on the course went. Odds on the upcoming Masters Tournament can be found here:

< Odds >

Specific player finishes in the Masters

The Masters has a field of around 90 to 100 players on an annual basis. Only one of those players will emerge victorious. During your handicapping of the tournament, you may determine that you think a specific golfer will play well, but that doesn’t necessarily mean that he has a realistic shot at winning the tournament. You may also see something in a golfer’s recent form that leads you to believe that particular golfer will struggle at Augusta. Golf bettors can take advantage of all of these bits of info with specific player finish betting.

Will Jordan Spieth finish in the top five? The top 10? Make the cut? Player-specific proposition bets (also known as prop bets) are often made available in the week leading up to the Masters, with both the “Yes” and “No” options available. So instead of betting on a golfer you like to win, you could bet on that golfer at lower odds to simply finish in the top 10. Or you could bet on a top golfer to finish outside of the top five if you anticipate the course might give him trouble.

Two-ball and three-ball betting

Two-ball and three-ball bets on the Masters Tournament are bets on which player will finish the day with the best score in a specific pairing or group. For example, say that Dustin Johnson, Tommy Fleetwood and Tiger Woods have been grouped together in the first round of the Masters Tournament. The three-ball odds on this group might be listed as follows:

  • Dustin Johnson (+130)
  • Tommy Fleetwood (+190)
  • Tiger Woods (+210)

A bet on this three-ball group will be scored at the end of the round. The player with the best score at the end of the 18-hole round will be the winner. So if Dustin Johnson finishes Round 1 with a -2, Tommy Fleetwood has a -3, and Tiger Woods has a +1, Fleetwood would be the winner at +190.

Two-ball betting in the Masters works the same way. In Round 4, bettors could take their preferred side in a hypothetical pairing between Brooks Koepka (+110) vs. Rory McIlroy (-130). All that would matter is which player in this pairing finished the day with the better score; it wouldn’t matter who won the tournament or how anyone else performed.

While two-ball and three-ball betting is usually based on the actual groups and pairings leaving the clubhouse, some sportsbooks do also offer betting odds on fantasy two-ball and three-ball matchups to create more groups to bet on.

Performances by nationality

It is quite common in major tournaments like the Masters to see prop bets based on the nationality of the players. The most popular prop bets based on nationality include what nationality will the Masters winner be or what golfer of a specific nationality will have the highest score among his countrymen.

Player propositions

Player proposition bets are any bets centered around a specific player’s performance in the Masters. Examples have already been listed above, including specific player finish props and player props based on nationality. Other examples of player proposition bets include:

  • Will the player’s highest score on any hole be over or under 6.5?
  • Will the lowest score the player shoots in the tournament be over or under 70.5?
  • Will the player ever hold an overnight lead in the Masters Tournament?

Generally speaking, the most popular players tend to have the most proposition bets offered on them.

Tournament propositions

Tournament proposition bets are based on the events that take place over the course of the entire tournament as opposed to just one player. Examples of some potential Masters Tournament betting props include:

  • Will a playoff be required to determine a winner (yes or no)?
  • Will the winner of the tournament be over or under 35.5 years old?
  • Will there be a hole-in-one shot during the first round (yes or no)?
  • Will there be over or under 9.5 birdies shot on hole 10 in the third round?

Best finishes by Tennessee-born players in the Masters

There have been a handful of excellent golfers on the PGA Tour who were born in Tennessee. Four Tennessee-born players have finished in the top five in a Masters, and one even won the event.

  1. Cary Middlecoff, first place in 1955. Born in Halls, Tennessee: Cary Middlecoff is without a doubt the most accomplished Tennessee-born golfer in history. Middlecoff is tied for 10th all-time in PGA Tour wins with 39 and has three major championships to his name. He won the US Open in both 1949 and 1956 and the Masters in 1955. Middlecoff went to the University of Tennessee as a dental student and graduated with a DDS degree before eventually giving up his practice to be a professional golfer.
  2. Gibby Gilbert, second place in 1980. Born in Chattanooga, Tennessee: Gibby Gilbert entered the fourth round of the 1980 Masters Tournament with a 4-under-par score. He shot six birdies at Augusta in the fourth round before bogeying his final hole, finishing the tournament with a 9-under-par score just four strokes behind the winner, Seve Ballesteros.
  3. Brandt Snedeker, third place in 2008. Born in Nashville, Tennessee: Brandt Snedeker has nine career PGA Tour wins under his belt and has been ranked as high as No. 4 in the world in the Official World Golf Ranking back in 2013. The Vanderbilt University graduate eagled the second hole in the fourth round of the 2008 Masters Tournament to jump into a tie for first place at 10-under-par, but nine bogeys in the round forced Snedeker to settle for a third-place finish.
  4. Mason Rudolph, fourth place in 1965. Born in Clarksville, Tennessee: Mason Rudolph sat alone in fourth place after shooting a 5-under-par in the 1965 Masters. The only three players to finish ahead of him on the leaderboard that year were Jack Nicklaus, Arnold Palmer and Gary Player; three of the greatest golfers who ever lived.

Masters Tournament betting FAQ

Is the Masters Tournament the oldest major tournament?

No. In fact, the Masters Tournament is actually the youngest of the four major tournaments. The Open Championship (also referred to as the British Open) was founded in 1860, the US Open was founded in 1895, the PGA Championship was founded in 1916 and the Masters Tournament was founded in 1934. But despite being the most recently founded major tournament, the Masters is considered by many to be the most prestigious event on the PGA Tour due to its rigorous qualification requirements.

What are the qualification requirements for the Masters?

There are officially 20 qualification metrics that Augusta uses to determine which golfers will receive an invite to play in the Masters. These qualifications include the current amateur champions from the United States, Great Britain, Asia-Pacific and Latin America as well as players currently ranking in the Top 50 in the Official World Golf Ranking.

The most well-known qualification is a lifetime invite that goes out to all former winners of the Masters Tournament. Any player who finished in the Top 12 of the previous year’s Masters Tournament is also invited to participate. Recent past performances in the other three major tournaments also play a role; each of the last five winners of the US Open, British Open and PGA Championship all earn an invite, as do the top four finishers from each of the previous year’s iterations of those major tournaments.

What are the biggest upsets in Masters history?

One of the most exciting aspects of betting on golf, and especially a tournament as loaded with talent as the Masters, is the potential to win big bucks on a major long shot cashing in with a victory. In just the last few years, each of the following players has won this event as a massive Masters betting underdog: Charl Schwartzel at 100/1 in 2011, Angel Cabrera at 125/1 in 2009, Zach Johnson at 125/1 in 2007 and Trevor Immelman at 150/1 in 2008.

What happens to Masters props in a tie (or dead heat)?

Rules can vary from sportsbook to sportsbook, so be sure to read your preferred sportsbook’s rules before placing your bets. But as an industry standard, the stake of your bet is cut based on how many players are involved in the dead heat.

For example, say that you bet on Bubba Watson to finish in the top five, and he ends up in a four-way tie for third place. These four players occupy spots three through six, meaning four players are getting paid in three spots. So while each player in the top five would normally pay out 100% (100% to third place, 100% to fourth place and 100% to fifth place), that 300% between those three spots is now split four ways; 300% divided by 4 = 75%.

As a result, your stake is cut by 25%. So if you had $100 on Watson at +1000 to finish in the top five, you’d have gotten paid $1,000 if he finished in the Top 5 without a dead heat. But with your stake cut down 25%, you would win $750 in this example. The more players who are stuck in the dead heat, the more your stake will be cut if your book uses this industry-standard method.