With March Madness wrapped up, it’s time to start thinking about the $1.50 pimento cheese sandwich and the $2 Georgia peach ice cream sandwich. In other words, it’s time to focus on 2022 Masters odds, with the first men’s major of the year headed to the fourth and final round Sunday at Augusta National.
Newly minted world No. 1 Scottie Scheffler is still in command, but might’ve given a player or two a glimmer of hope. And the weekend finally caught up to Tiger Woods, who on Saturday tumbled from a tie for 19th to a tie for 41st.
Neil Fitzroy, golf oddsmaker and risk manager for The SuperBook, provided Props.com with insights on Round 4 Masters futures odds and action. Check back for updates following each round.
2022 Masters Odds
| Player | Odds to win Masters |
| Scottie Scheffler | -220 |
| Cameron Smith | +275 |
| Sungjae Im | +1600 |
| Shane Lowry | +5000 |
| Justin Thomas | +6000 |
| Corey Conners | +15,000 |
| Charl Schwartzel | +20,000 |
| Dustin Johnson | +30,000 |
| Rory McIlroy | +30,000 |
| Collin Morikawa | +40,000 |
| Danny Willett | +50,000 |
| Jason Kokrak | +100,000 |
| Tommy Fleetwood | +100000 |
Odds via The SuperBook and updated as of 10 p.m. ET on April 9.
Masters Round 4 Odds and Betting Action
UPDATE 10 P.M. ET SATURDAY: After firing a 5-under 67 Friday — including 4-under 32 on the back nine — Schettler went out in 33 on the front nine Saturday, reaching 11 under par. But on the back nine, Augusta finally got to him, at least a little. Schettler had four bogeys, coming in for a 38 and a 1-under 71 for the day. That included a bogey on 18 for a 9-under 207 total, taking his cushion from four shots coming into Saturday to three shots heading into Sunday.
But he’s still the golfer getting action in a field that has only seven players under par.
“It was mostly Scheffler bets [Friday] night, and mostly Scheffler bets today during live wagering,” Fitzroy said, noting the leader’s price went from +110 to -360 at one point, and he’s now -220 to win. “He is a good result for us.”
Cameron Smith, who was second after a first-round 68 but fell back after a second-round 74, regained his form with another 68 to stand three shots back and again in second place, certainly not out of contention. Smith is at 6-under 210 and is +275 to mount a Sunday comeback and win. No one else is shorter than +1600.
“Smith is a good result, but not as good as Scheffler,” Fitzroy said. “Shane Lowry, Sungjae Im, and Charl Schwartzel are all excellent results for us. There was limited interest in those guys [Friday] night and today during the live wagering.”
Lowry shot 1-over 73 Saturday to stand tied for fourth with a 2-under 214 total, so he’s got miles to go if he’s to contend, as his +5000 odds now demonstrate. Im is in a better position after his 1-under 71 put him in third place at 4-under 212, and he’s the +1600 third choice.
Mid-round Saturday, Schettler’s biggest challenge looked as if it might come from Schwartzel, who eagled the par-4 No. 10 from the fairway to reach 6 under. But the South African immediately followed with the first of four back-nine bogeys to finish 1-over 73 and match Lowry at 214. Schwartzel is now +20,000 (200/1).
Given how the leaderboard has shaken out, the only real drama for The SuperBook’s risk room going into the final round is with Masters prop bets.
“Our biggest matchup decision is Tiger vs [Patrick] Reed. And we need Tiger,” Fitzroy said. Reed is at 4-over 220, tied for 26th, while Woods is at 7-over 223, tied for 41st.
The book is also hoping to dodge a top-five finish from Justin Thomas, who is tied for sixth at 1-under 215.
Fitzroy noted overall Masters handle has been great, in large part due to Woods partaking in Augusta’s festivities.
“Tiger deciding to play for the first time in 17 months gave our handle a boost,” Fitzroy said. “Many casual bettors who don’t normally bet golf decided to get involved this week.”
Masters Round 3 Odds and Betting Action
UPDATE 11 P.M. ET FRIDAY: Three holes into his second round, Scheffler appeared on his way to an up-and-down Friday afternoon at wind-beaten Augusta. He opened with a bogey on the par-4 first, then a birdie on the par-5 second, which he promptly gave back with a bogey on the par-4 third. But he birdied Nos. 7 and 8, made the turn in 35, then tore up the back nine with a 4-under 32 for a 5-under 67.
While pretty much everyone else struggled with those breezes, Scheffler finished the day at 8-under 136. That put him five strokes ahead of a quartet of players in second place, including 2021 Masters champ Hideki Matsuyama.
So Scheffler is now the prohibitive -110 chalk in The SuperBook’s 2022 Masters odds market, heading to the final 36 holes. The red-hot Texan is seeking his third win in the last six weeks and fourth title of 2022.
“We opened Scheffler 60/1 last April. He closed Thursday morning at 16/1,” Fitzroy said, noting Scheffler sat eighth in ticket count pre-tourney. “Surprisingly, he didn’t get bet much [Thursday] night at 7/1, a handful of small-dollar tickets. He is a solid result for us in both Nevada and the other states we book. We stayed ahead of the money and got the price where it needed to be after he started winning. The majority of our liability is at 16/1.”
Following today’s run-out round, Scheffler initially was posted as the +110 favorite, then moved to +105 before entering minus-money territory tonight at the aforementioned -110. The odds then drop off all the way to +1200 for Matsuyama, Dustin Johnson, pre-Round 2 favorite Cameron Smith, and Shane Lowry. Matsuyama, who shot a solid 69 Friday, and Lowry, even better at 68, are in that second-place tie at 141 with Charl Schwartzel and first-round leader Sungjae Im.
Johnson and Smith struggled to 73 and 74, respectively, on Friday and are at 142.
“There’s nobody at the moment we are trying to avoid [among the leaders],” Fitzroy said. “Morikawa is a small loser, but he’s the only guy in the top 10 who we lose to.”
Among those The SuperBook is rooting for: Schwartzel (+6000), Im (+2000), Lowry, Harold Varner III (+5000), Danny Willett (+10,000), and Joaquin Niemann (+4000). Varner is in the group tied for sixth at 142, while Willett and Niemann are at 143.
Woods was all the rage with a 1-under 71 Thursday, his first round of competitive golf since a serious auto accident in February 2021. With a Friday afternoon tee time in increasingly windy conditions, it was a much tougher go. Woods put up four bogeys against just one birdie for a front-nine 39. But he sandwiched three back-nine birdies around two bogeys for a 35 and a 2-over 74, for a 1-over 145 total, tied for 19th and easily within the cut line.
That proved good for those who took Yes on whether Tiger would make it to the weekend, a popular offering in Masters prop bets markets.
“We wrote great two-way action on it,” Fitzroy said.
However, sitting nine strokes behind Scheffler, Tiger has now dialed back to +10,000 (100/1) in odds to win the Masters, after being as short as +4000.
“We still get destroyed to him in futures,” Fitzroy said, while noting the unlikely prospect of a huge Woods weekend.
Other Masters prop bets of note:
— The total winning score closed at 277.5 (Over -130), with two-way action.
— Low round of the tournament closed at 64.5, and The SuperBook needs the Over. So far, 67 is the low round, by Im on Thursday, and Scheffler and Justin Thomas on Friday.
— “We need to avoid Justin Thomas top-five,” Fitzroy said. Thomas is tied for 10th at 1-Under 143, two shots shy of the top five right now.
— “We also need to avoid an Im top-five and a Smith top-10. And if Tiger can [finish] top-20, it would be a good result for us.”
Masters Round 2 Odds and Betting Action
UPDATE 10 P.M. ET THURSDAY: Round 1 at Augusta is in the books, and there’s been a subsequent flurry of change on the 2022 Masters odds board at TwinSpires Sportsbook. And although Woods’ odds are stable — he closed +4,000 pre-tournament this morning and is +4,000 tonight — the fact that he shot a respectable 1-Under 71 and is tied for 10th had bettors firing on the five-time Masters champ during the round and this evening.
“Tiger Woods liability kept growing as the round went on. It’s six-figure liability. The public is all over Tiger,” TwinSpires director of retail sports Zachary Lucas said, while noting it’s not just to-win action coming in on Woods. “We were seeing a lot of Tiger Woods top-10 [finish] +250 at the end of the first round. We’re looking to dodge a lot of Woods markets this weekend.”
Im bolted to the lead with a 5-under 67 Thursday. In the process, the South Korean made a huge jump in The Masters futures market. After opening +7,000 and closing +6,500 pre-tourney, Im is now the +750 co-third choice with world No. 1 Scottie Scheffler, who shot 3-under 69.
Smith opened +3,500 a couple of months back, then got a big boost by winning last month’s PGA Championship. He closed +1,400 pre-tourney, and after an opening 4-under 68, he is now the +500 chalk at TwinSpires.
“Smith would be a loser for us. Im would be a great result for us,” Lucas said, while noting almost no customers took Im on the prop of who would lead after Round 1. “Only two people had Im at 50/1 to be the first-round leader.”
Dustin Johnson is tied for third after a 3-under 69, and Patrick Cantlay is a shot back at 70. Both players are on TwinSpires’ wish list to don the green jacket.
“The best outcome out of all the favorites would be Johnson. He opened 12/1, closed 16/1 and is currently 7/1,” Lucas said of the now solo second choice. “Cantlay would be one of the better results for us. He opened 25/1, closed 22/1 and is currently 11/1.”
Woods is No. 1 in futures tickets and money by a mile at TwinSpires, with Justin Thomas and Xander Schauffele running second and third in both categories. Both those players had bumpy opening rounds. Schauffele shot 2-over 74, tied for 43rd, and slid out to +6,600 in odds to win the Masters. Thomas was worse at 4-over 76 (T-70) and is now +9,000.
But again, it’s really all about Tiger at this point — both in the futures market and in a multitude of Masters prop bets.
“Everything pro-Tiger, we’re looking to avoid. Tiger to make the cut at +115 is a liability for us,” Lucas said.
Best of the Bunch
Rahm broke through for his first major victory last year, claiming the U.S. Open at Torrey Pines in San Diego. That was part of a season of strong finishes at majors. He tied for fifth at The Masters, tied for eighth at the PGA Championship, and tied for third at the British Open. As such, Rahm was the only player to finish in the top 10 of all four majors.
Rahm also has three top-10 finishes this season: second in the Sentry Tournament of Champions; third in the Farmers Insurance Open; and 10th in the Phoenix Open. All those accomplishments helped vault the Spanish star to No. 1 in the world golf rankings.
However, Rahm recently relinquished that perch to a red-hot Tour colleague. And although he remains the favorite on The SuperBook’s 2022 Masters odds board, Rahm has slipped from an opening number of +900 a year ago to +1,200 in recent days. He’s now +1,100 as Thursday’s tee times approach.
“It seems like many bettors are frustrated with Rahm. He’s had some putting issues the last couple months,” Fitzroy said. “But he’s shown a liking for Augusta, with four straight top-10s. The course is playing long with these [weather] conditions, which should play into his hands, considering how long and straight he is off the tee.”
Movin’ on Up
As for the player who recently unseated Rahm in the world golf rankings, new No. 1 Scottie Scheffler already has three wins this year. Most recently, Scheffler bested the field at the Dell Technology Match Play on the final weekend of March. That title came just three weeks after Scheffler won the Arnold Palmer Invitational, and the 25-year-old Texan also won the Phoenix Open in a playoff on Super Bowl Sunday.
Not surprisingly, golf bettors have taken a liking to Scheffler, whose odds to win The Masters have jumped significantly. Same goes for Cameron Smith, who won The Players Championship last month and the Sentry Tournament of Champions in January.
“Scheffler and Smith are the two notables whose odds have [improved] since the calendar turned to January,” Fitzroy said. “Both were available at 40/1 back then. Currently, both are down to 16/1 and attracting plenty of support.”
In fact, Scheffler and Smith are the co-third choices, behind only Rahm and Justin Thomas (+1,200).
Masters Odds: Needs and Liabilities
While the aforementioned Thomas is the second choice to win this week, Fitzroy didn’t mention JT among those whom the book is rooting for or against at Augusta. That’s likely because Thomas is not among the top five in either tickets or money at The SuperBook.
Collin Morikawa, who at 25 already has two majors to his credit after winning the 2020 PGA Championship and 2021 British Open, opened +3,000 at The SuperBook and got as short as +1,600. Morikawa is now sitting at +2,000 while leading the ticket count, followed by Brooks Koepka (+2,000), Jordan Spieth (+1,800), Smith, and Patrick Cantlay (+2,500). Spieth is No. 1 in money at The SuperBook, followed by Louis Oosthuizen (+3,000), Morikawa, Bryson DeChambeau (+4,000), and Smith.
“Near the top of the oddsboard, we are rooting against Spieth, Morikawa, Dechambeau, and Oosthuizen, with Oosthuizen being the worst result,” Fitzroy said. “We had a new customer last week make a four-figure bet on Louis at 50/1.”
Sitting rather quietly at +1,800 with Spieth is 2020 Masters champ Dustin Johnson. Fitzroy and The SuperBook risk room would love for Johnson to get a little louder this week.
“Fantastic results for us would be DJ or Rahm,” Fitzroy said.
Perhaps surprisingly, DeChambeau is somewhat of a nonfactor behind the counter. He was +1,600 when the 2022 Masters odds market opened last April.
“Dechambeau’s odds are drifting. He’s out to 40/1,” Fitzroy said. “He probably isn’t fully healed from injuries and has no form. Also, Augusta isn’t a great fit for his game. It’s a crafty, shot-maker and short-game course. And those skills aren’t a strength of his.”
Then there’s the matter of a certain golfer who has five green jackets in his closet.
The Tale of Tiger
After much consternation among oddsmakers and golf fans the past few weeks, it appears Woods will tee it up at Augusta. We might not know for sure until Thursday morning, but Woods has gotten in practice time on the course this week. And he announced Tuesday he intends to play.
The SuperBook had Woods at +10,000 (100/1) for quite some time, but that’s now shortened to +6,000 on Tiger’s words and, of course, bettors weighing in. Suffice it to say that oddsmakers don’t want Woods donning a sixth green jacket.
“We get our heads kicked in on Tiger futures if he wins. It’s a six-figure liability,” Fitzroy said. “He’s currently at 60/1, but there are many tickets out there at 80/1 and 100/1. We expect him to give it a go.”
Woods hasn’t competed since the 2020 Masters, which you might recall was held in November following a pandemic-induced postponement. He had back surgery in January 2021, then was involved in a serious single-car accident in February 2021 that left him with multiple fractures in his right leg.
Woods has been slowly working his way back, and he first got oddsmakers’ and bettors’ attention by playing a practice round at Augusta on March 29.
More To Watch For, Plus Masters Props
Fitzroy said some medium to long shots getting traction with bettors include: 2012 and 2014 Masters champ Bubba Watson, who is taking money at +6,000 and his current +8,000 price; Francesco Molinari, at +12,500 and the current +15,000; and Joaquin Niemann at +8,000, leading to his price shorting to +5,000.
Left unmentioned by Fitzroy was 2021 Masters champion Hideki Matsuyama. He’s under the radar at +5,000 to win a second straight green jacket.
As for Master’s props, The SuperBook opened the winning score at 277.5, where on Tuesday night it was priced at Over -130/Under +110. Bettors also can wager on the score players need to achieve to make the 36-hole cut. That number is at 148.5 (Over -130), while the prop for lowest score for any round is set at 64.5 (Over -170).
“Not much action on any of those so far,” Fitzroy said, adding that The SuperBook has dozens of other Master’s props available. That includes players to make/miss the cut; top-5, top-10 and top-20 props; and head-to-head matchups. Further, the book will have live in-play wagering for the final two rounds Saturday and Sunday.