The Masters 2025: Latest Masters Odds, Betting Trends, Action & Leaderboard

Patrick Everson Sports Betting Expert

3 minute read

Masters odds for the 2025 tournament have been on the board for months. No surprise, defending champion Scottie Scheffler is again the favorite, and again at a fairly short price.

But Scheffler isn't as big a favorite as last year. Rory McIlroy has closed the gap as the No. 2 choice in 2025 Masters odds.

Here's everything you need to know about golf odds for the Masters: lines and betting trends, along with Masters futures odds. Check back regularly for updates and use our BetMGM bonus code to get the most out of your action.

2025 Masters Odds

Clear-Cut Top Two

Scottie Scheffler rolled early and late last year at Augusta National. The world No. 1 opened with a 6-under 66, which actually put him in second, a stroke behind Bryson DeChambeau.

Then Scheffler finished with a 4-under 67. In between, he shot steady rounds of even-par 72 and 1-under 71. Scheffler finished at 11-under 277, four shots ahead of second-place Ludvig Aberg.

Pre-2024 Masters, Scheffler was in the +450 range to win, with no one else shorter than +1000. In The SuperBook's 2025 Masters odds, Scheffler is again +450, but Rory McIlroy is close behind at +650. After Scheffler and McIlroy, no other player is shorter than +1400.

"Rory has definitely closed the gap between him and Scottie," said Jeff Sherman, The SuperBook's vice president of risk and longtime golf oddsmaker. "Scottie had a relatively slow start to his season, coming off his hand injury. Rory compiled two wins in top-tier events."

Indeed. McIlroy won at Pebble Beach in February, then took The Players Championship in mid-March. In five PGA Tour events this season, McIlroy has those two titles and three more top-20 finishes.

Scheffler has played in six tournaments, with top-25 finishes in all of them, but no wins yet. He just tied for second in the Houston Open, missing a playoff by one stroke after a final-round 63. And he opened the tourney with an even more blistering 62.

"Scottie's Masters odds have held steady for a few months, fluctuating between 4/1 and 5/1, while Rory has dipped down from 10/1 to the current +650," Sherman said. "We took a decent size wager on Scottie at +450, thus there has been more money wagered on Scottie than Rory.

"Although from a ticket-count perspective, Rory has more than double the tickets of Scottie."

In fact, Scheffler is ninth in ticket count, with a host of players drawing more bets at the moment in Masters 2025 odds.

The Next Tier

Weighing in as the co-third choice are Aberg and Collin Morikawa at +1400. As noted above, Aberg was the 2024 runner-up. Morikawa finished in a three-way tie for third with Tommy Fleetwood and Max Homa.

"There has been recent sharp play on Morikawa at 16/1, causing an adjustment to 14/1," Sherman said. "Aberg is a severe threat to those top two. His major debut was at the Masters last year, where he was in contention with an opportunity to win on Sunday."

Early bettors have taken note, with the 25-year-old Swede trailing only McIlroy in ticket count.

"After McIlroy, the next-most-popular are Aberg, Bryson DeChambeau and Morikawa," Sherman said.

DeChambeau is the +1800 co-fifth choice in The SuperBook's 2025 Masters odds, joined by 2023 Masters champ Jon Rahm. Then comes Xander Schauffele (+2000), who got his first two majors last year, winning the PGA Championship and British Open.

"We're currently rooting for Rahm and Schauffele. They are two of the book's better positions," Sherman said. "We have liability on Scheffler, Morikawa and Jordan Spieth near the top of the odds board.

"Of course, we had liability on Tiger Woods. But those that wagered on him will be refunded at the conclusion of the tournament."

Woods, the five-time Masters winner, ruptured an Achilles in March and is out for the foreseeable future. Spieth (+2500) won the Masters in 2015, then followed by winning the 2015 U.S. Open. But he's only got one major title since then, the 2017 British Open.

Under The Radar

Sherman pointed to a couple of dark horses who might be worth a shot, a little further down the 2025 Masters odds board.

"Popular longer shots getting support include Akshay Bhatia and Sepp Straka, both currently at 60/1," Sherman said. "They're backing Bhatia for his recent form, and Straka has seen consistent support due to his fit at Augusta."

Bhatia has three top-10s in nine events this season, most recently tying for third in The Players Championship. Along with Augusta National seeming to fit Straka's game, the Austrian is also playing well of late, winning the American Express and tying for fifth in the Arnold Palmer Invitational.

"I have Bhatia in my portfolio, along with Justin Thomas, Joaquin Niemann, Viktor Hovland, Thomas Detry and Rasmus Hojgaard, albeit at longer odds than current prices," Sherman said.

Masters Leaderboard

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Patrick Everson

Patrick Everson is a senior reporter for VegasInsider. Based in Las Vegas since 1994, he's worked in the sports betting journalism/content space for more than a decade. He's most known for his deep roster of contacts behind sportsbook counters, providing readers and viewers with the ins-and-outs of how events are being bet. He's also a thought leader in the sports betting space, often appearing on or moderating panels at national conferences. More from Patrick Everson