2021 Masters Odds: Dustin Johnson the Favorite Going Into Augusta

The Masters Tournament is always one of the most highly anticipated golf events of the year. Last year, Dustin Johnson donned the green jacket for the first time in his career. This year, sportsbooks like BetOnline are giving Johnson the top 2021 Masters Odds.

BetOnline now lists Johnson at +900 to win the tournament after having him at +800 odds in early March.

With those 2021 Masters odds, Johnson would be the first golfer to win the tournament back-to-back since Tiger Woods did it in 2001 and 2002. However, with the Masters not being until April 8, the odds can change as nothing is set in stone.

This guide will contain everything you need to know leading up to the 2021 Masters odds and the tournament itself.

2021 Masters General Information

As is tradition, the 2021 Masters Tournament will be held at the Augusta National Golf Club in Augusta, Georgia. Last year’s tournament was held in November due to complications from the COVID-19 pandemic. Fortunately, the 2021 Masters Tournament is back on track and will last from Thursday, April 8 to Sunday, April 11.

It’s also the first major PGA tournament of the year.

While this year’s purse isn’t official yet, the 2020 Masters had $11.5 million up for grabs. Out of that, $2.07 million was given to the eventual winner, Dustin Johnson.

2021 Masters Odds

Odds via BetOnline as of Monday, April 5

  • Dustin Johnson +900
  • Jordan Spieth +1000
  • Bryson DeChambeau +1100
  • Justin Thomas +1100
  • Jon Rahm +1200
  • Rory McIlroy +1800
  • Patrick Cantlay +2200
  • Xander Schauffele +2500
  • Brooks Koepka +2800
  • Collin Morikawa +3000
  • Tony Finau +3500
  • Patrick Reed +3500
  • Viktor Hovland +3500
  • Daniel Berger +4000
  • Paul Casey +4000
  • Sungjae Im +4000
  • Webb Simpson +4000
  • Cameron Smith +4500
  • Lee Westwood +4500
  • Scottie Scheffler +5000

Full odds available at BetOnline.ag.

Johnson Tops 2021 Masters Odds

As mentioned earlier, multiple sportsbooks have Dustin Johnson as their early favorite to win the 2021 Masters Tournament. Not only did he win the tournament last year, but he’s also finished inside of the top-10 at the Masters in each of his last five appearances. Plus, it’s only been just over four months since Johnson won the 2020 Masters. It was delayed last year due to the COVID-19 pandemic.

However, Johnson has been struggling since that 2020 Masters victory. Between then and now, he’s competed in five tournaments with one Top-10 finish and three where he ended up 28th or worse. Despite his struggles, it’s clear that oddsmakers are giving Johnson such high odds because of his Masters appearance. If the Johnson we see this week is the one that wore the green jacket back in November, sportsbooks like BetOnline are onto something. If Johnson has another disappointing finish in Augusta, you have to wonder how he can turn his 2021 PGA Tour around.

Jordan Spieth’s Odds Increase as Masters Tournament Approaches

Jordan Spieth is one of the many former Masters winners (2015) that will be competing in Augusta this week. He enters the tournament with +1000 odds, making him the favorite to win right behind Johnson. Spieth has had an up-and-down 2021 PGA Tour. He’s finished in the Top-25 of six events that he’s competed in, but he’s also finished 38th or worse eight times.

Spieth won his first event of the season on April 4 when he won the Valero Texas Open, giving him the most momentum out of any golfer entering the 2021 Master Tournament. In the final round, Spieth defeated Charley Hoffman by two strokes to win the championship. While it has been six years since Spieth has won the Masters, sometimes golf comes down to who gets hot at the right time. Time will tell if that holds true to Spieth this week.

DeChambeau Cashing First Masters Victory

After turning pro in 2016, Bryson DeChambeau has steadily been improving each year. As he grows as a player, his PGA odds have also increased. After winning the 2020 U.S. Open, his first major victory, DeChambeau has constantly been near the top of most oddsmakers lists at the subsequent tournaments. He even won the Arnold Palmer Invitational back in March, which certainly strengthened his Masters odds.

BetOnline has DeChambeau’s 2021 Masters odds at +1100, which is an improvement over the +1200 he was listed at in March. Unfortunately, over his short career, DeChambeau hasn’t fared well in Augusta. His best finish came in 2016 when he finished in 21st-place. Still, the 27-year old has been performing well this season and should be someone that fans keep their eyes on as he’s finished in the Top-10 in over half of his event on the 2021 PGA Tour. He’s also finished in eighth place or better in five of the nine tournaments he’s competed in.

Betting on the 2021 Masters and PGA Futures

After taking as much time as you need to decide on a sportsbook of your choosing, you’ll be ready to bet on the 2021 Masters Tournament and other PGA future odds. Most sportsbooks keep these markets under a “Golf” or “PGA odds” section.

Here’s a breakdown of some common types of PGA bets:

  • Futures: A future bet is exactly what it sounds like. You’ll be wagering on the winner of an event that days, weeks or months away from happening.
  • Moneyline: In PGA odds betting, you may run into moneyline bets. That’s where you’ll have to choose the outright winner of a matchup.
  • Point Spread: A sportsbook may list two golfers in a matchup, with one favoured to win by a certain amount of strokes. If the golfer wins by that amount, that means they have covered the spread.
  • Prop Bets: These are fun, unique bets that don’t always have to do with the outcome of an event or matchup. For example, a popular golf prop would be predicting if there’ll be a hole in one at a tournament.

Regardless of which market you end up betting on, PGA odds always come with lines that indicate how much you can win. If a line has a positive (+) sign, that means that’s how much you’d win if you bet $100. For example, let’s use DeChambeau’s 2021 Masters odds. If you put $100 down on him to win at +1200, you’d win $1200 if he is victorious.

On the other hand, some lines may have a negative (-) sign on a line. That means that’s how much you need to spend to win $100. For example, say Rory McIlroy is the -150 favorite to win a matchup against Jon Rahm. You’d have to wager $150 on a McIlroy victory to win $100.

PGA Futures

As mentioned at the start of this guide, 2021 Masters odds and other PGA futures can change over time. The Masters Tournament isn’t until April 8, so a lot can change in that time. Players can go on hot streaks and winning events leading up to the Masters. At the same time, players can also go on cold spells. Even injuries can play a factor in future golf odds.

With that being said, the key to success is research. That applies to all types of sports betting. Whether you’re a novice or an expert, research is extremely beneficial. You can research how golfers have been performing lately, if anyone has recent injuries or how someone has played at a course in the past. Even if it’s just 10 minutes of searching the internet, the smallest bits of research can help you win big.