It’s hardly a surprise that The Masters is the heaviest betting golf event of the year along with attracting the highest TV ratings.
GolfWeek’s Dan Kilbridge outlines how much moolah is wagered during Masters week. With betting open year-round, the total amount of money wagered on the Masters in Las Vegas will be about twice as much as the British Open. It will also do about 20 times more than an average non-major, like last week’s Valero Texas Open.
The overwhelming majority of Masters bets are placed on an individual player to win the whole thing. Prop bets and matchups only represent about 5 percent of the total handle.
“We do a ton of amount of tickets on a lot of futures, and I would say the Masters is probably a little bit higher than most of the other sports like college basketball,” Rood said. “We’re not gonna have someone come and bet $60,000 on a golfer, but it’s not all $5 tickets. The average ticket is more like $50 on the Masters. They’ll take a shot on a guy that’s 200-1 or 300-1 for $5 or $10. But if you’re betting Jason Day at 30-1, most people are gonna put around $50.”
About 30 percent of total money wagered on the 2019 Masters will come in this week, and when it’s all said and done the total handle is expected to be about half of that wagered on college basketball’s national championship game.
Golf provides such an opportunity to speculate on some really talented individuals and get some really good prices.”
That’s proven true the past several years at Augusta National. Patrick Reed’s odds were listed around 40-1 before his victory in 2018. Sergio Garcia was about 30-1 in 2017 and Danny Willett 50-1 in 2016.
Rory McIlroy is the favorite this year at 7-1 odds on Points Bet, with Dustin Johnson next at 10-1 and Tiger Woods and Justin Rose at 12-1. Players with odds more in-line with recent winners include the likes of Tony Finau, Matt Kuchar and Xander Schauffele at 40-1.