The 90th edition of the Masters Tournament tees off Thursday, April 9 at Augusta National Golf Club. The field is one of the strongest assembled in years, the course is playing firm and fast, and the top of the Masters odds board features a legitimate mix of question marks and contenders. Here is a full breakdown of where things stand heading into the first major of 2026.
Masters Odds Favorite: Scottie Scheffler +500
Scheffler enters the week as the clear chalk, but the betting market has been reluctant to load up on him given the short number. He won The American Express early in the season, but his last three starts produced finishes of T-22, T-24, and T-12, accompanied by some of his weakest approach numbers in recent memory. His irons, which are typically the best in the world, rank 80th in Strokes Gained: Approach in 2026. He also skipped the Houston Open to be with his family after the birth of his second child, meaning the Players Championship in mid-March was his most recent tournament. That is a three-week layoff entering the first major of the year.
The counterargument is compelling. Scheffler has never finished outside the top 20 at Augusta in seven starts. He has won here twice in the last four years. His Augusta floor is elite by any measure, and a rested Scheffler with something to prove after a quiet stretch of form is not a player to dismiss. The top-5 market at +106 is arguably the most sensible way to use him if you want exposure without paying a premium for an outright win.
Apr 14, 2024; Augusta, Georgia, USA; 2024 Masters champion Scottie Scheffler and 2023 Masters champion Jon Rahm shake hands during the green jacket ceremony following the final round of the Masters Tournament. Mandatory Credit: Rob Schumacher-USA TODAY NetworkDefending Champion: Rory McIlroy +1300
McIlroy completed the career Grand Slam here last April, making a 4-foot birdie putt on the 18th to force a playoff and then winning it on the first extra hole against Justin Rose. That win finally lifted the burden he had carried for more than a decade in this event. The question is whether the burden-free version of McIlroy is better or worse at Augusta than the one driven by obsession.
His 2026 form has been inconsistent. He withdrew from the Arnold Palmer Invitational with a back injury, then posted a T-46 at the Players Championship. He has not competed since. That is a month off entering the biggest week of the year, and the longest stretch away from competition in his career heading into Augusta.
The back injury concern appears to have settled, and multiple reports from practice rounds suggest McIlroy looks healthy and comfortable. The market has drifted him from the co-favorite position he opened at down to +1300, and many analysts are fading him in head-to-head matchups this week. To become the first repeat champion at Augusta since Tiger Woods won back-to-back in 2001-02 would be one of the great stories in modern major history.
Jon Rahm and Bryson DeChambeau +1000
Both LIV Golf stars enter at the same price and represent genuinely different profiles.
Rahm won his second LIV event in Hong Kong earlier this year and has been playing some of the best golf of his post-PGA Tour career. He has finished in the top ten at Augusta five times since 2018, won here in 2023, and reportedly acknowledged that he had fallen into some swing habits over the past two seasons that he spent the winter correcting. His approach numbers are the best they have been in years. At 10/1 for a player with that kind of Augusta pedigree and current form, the market may be underestimating him.
DeChambeau has finished T-6 and T-5 in his last two Masters starts and was in the final pairing with McIlroy last year before a Sunday 75 undid his chances. He won his last two worldwide events in playoffs, including against Rahm in South Africa. He hits it far enough that Augusta becomes a different course for him, and his short game has improved substantially. The worry is his history here beyond the last two years, where he missed the cut in 2022 and 2023 and was non-competitive in most of his earlier appearances. He needs the putter to hold up on Sunday.
Sep 23, 2025; Bethpage, New York, USA; Bryson DeChambeau plays his shot from the 12th tee during a practice round of the Ryder Cup golf tournament at Bethpage Black. Mandatory Credit: Peter Casey-Imagn ImagesMid-Range Contenders Worth Watching
Xander Schauffele +1500 is drawing significant attention. He finished T-8 and solo eighth in his last two Masters starts and has five top-ten finishes in seven Masters appearances since 2018. He missed most of 2025 with a rib injury but has come back strong, finishing T-7 or better in three of his last four starts including solo third at the Players. His form curve is pointing exactly the right direction heading into this week.
Tommy Fleetwood +2200 has made eight straight cuts at Augusta and posted a T-3 in 2024, his only top-ten result. He is the reigning FedEx Cup champion and has four top-ten finishes in five 2026 starts. Augusta has always seemed on the verge of unlocking for him, and this might be the week.
Cameron Young +2200 is coming off the biggest win of his career at the Players Championship and enters Augusta with genuine momentum. He is long and accurate off the tee, which suits the course well. His Augusta history is limited but his form arc is strong.
Justin Rose +2700 carries the emotional weight of last year’s playoff loss, where he made ten birdies in the final round to force extra holes after starting the day eight shots back, only to lose on the first playoff hole. At 45, Rose is making his 21st Masters start. His knowledge of every slope and angle on this course is unmatched in the field. He won the Farmers Insurance Open this season and reached the final round in contention at Augusta last year. The market respects him but not as much as his record arguably warrants.
Matchups to Watch
Scheffler vs. McIlroy: The two most decorated players on the board both come in with question marks. Scheffler has the better Augusta record and the more reliable game, but the approach numbers this season are a genuine concern on the world’s most demanding approach course. McIlroy is healthier than most believe but rustier than most prefer. Scheffler is favored in most head-to-head formats, and justifiably so.
Rahm vs. DeChambeau: Both at the same outright price, this is the most interesting pricing on the board. Rahm has the better Augusta history and the cleaner current form narrative. DeChambeau has the physical profile to dominate when his short game shows up. Most analysts lean Rahm in this spot.
Scheffler vs. the Field: With the market hesitant to back Scheffler at +500 outright, the field-betting angle becomes more interesting. Ten of the last twelve Masters winners came from the +1,000 to +3,000 range. The price range containing Fleetwood, Young, and Rose is historically where Augusta winners have come from most often.
Jul 19, 2024; Ayrshire, SCT; Justin Rose waves to gallery on the 18th hole during the second round of the Open Championship golf tournament at Royal Troon. Mandatory Credit: Jack Gruber-USA TODAY SportsNotable Storylines Entering the Week
This is the first Masters since 1994 without either Tiger Woods or Phil Mickelson in the field, marking a genuine changing of the guard moment for the tournament.
Several first-time Masters competitors, including Chris Gotterup, Jacob Bridgeman, and Ben Griffin, have been playing elite golf in 2026. Augusta historically challenges debutants, but the talent level in this group is unusually high.
Collin Morikawa, who ranks first on Tour in Strokes Gained: Approach, withdrew from the Valero Texas Open last week with a back injury. He is expected to play but arrives without recent competitive rounds, which mirrors some of the form concerns surrounding the other top names in the field.
For detailed strokes gained analysis, course fit breakdowns, and Masters betting tools, visit betspertsgolf.com and use promo code BSG26 for 25% off any plan.
Responsible Gambling and Bankroll Management
Masters week generates some of the heaviest golf betting volume of the year. The temptation to load up on multiple outright bets and placements can run a budget dry quickly. Set a clear Masters week limit before Thursday’s first round, allocate it across the specific bets you want to make, and do not chase if your early picks miss the cut Friday.
Outright bets at major championships are long-shot investments by definition. Even the favorite wins less than twenty percent of the time. Treat them as a small portion of your overall bankroll rather than the anchor of your week.
If gambling ever feels difficult to manage, free and confidential support is available at ncpgambling.org. 21+. Gambling problem? Call 1-800-GAMBLER. Responsible Gaming Resources
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