Masters Odds Headline New Jersey Sportsbooks This Week

New Jersey bettors have a chance to Masters their finances this week.

Yes, the golf majors are back and variables impact the highly-acclaimed Masters. The gathering of past champions, current money leaders, and other invitees at Augusta National in Augusta, Georgia, unfolds Thursday-Sunday.

Here’s how you can watch:

  • Thursday-Friday: ESPN, 3-7:30 p.m. ET
  • Saturday: CBS, 3-7 p.m.
  • Sunday: CBS, 2-7 p.m.

Masters Odds At NJ Sportsbooks

These were the opening odds on the win line at DraftKings Sportsbook:

Jon Rahm opened at +850 and moved to +900 Tuesday morning.

New Jersey-born Scottie Scheffler, the top money-winner on tour, sits next at +1200, along with Justin Thomas.

Cameron Smith sat at +1400, while Dustin Johnson opened at +1600.

Sportsbook’s operators continually emphasize the value that sits just below the top five. There is an abundance of top talent that will pay well. That includes:

  • Viktor Hovland +2000
  • Jordan Spieth +2200
  • Will Zalatoris +3500

Zalatoris was the runner-up last year, losing by just one stroke to Hideki Matsuyama.

Support for the popular defending champion has been waning. Matsuyama opened at +2500 and slid to +3500 by Monday because of back and neck problems that have caused him to withdraw from recent tournaments.

Lines have been moving much faster than in other tournaments. The Masters is drawing significant play.

More wagering opportunities were added Monday at DraftKings to account for top 10, top 20, and top 30 positions.

Some new, and creative wagers also hit the board on Monday.

If Thomas, Dustin Johnson, and Xander Schauffele all hit the top 10, including ties, it pays +1500. The distinction of paying ties is important, because there can be a multi-way tie for 10th. In this case, every 10th place finisher pays out, albeit at a reduced price.

Here’s a brand new one in the tournament props section: big guns versus the field.

This takes four highly-touted players (Rahm, Scheffler, Thomas, and Johnson) and essentially puts them on one team. If any of them win, the bet pays +320. Bet the field and the wager is -450.

2022 Masters Prop Betting

The leaderboard gets adjusted every day. New odds go up after the completion of every round. There are still good tournament-winning odds after the first two rounds.

Next-hole betting is the in-game phenomenon. Predict the score of an upcoming hole by a certain player. Most holes end in par, but bogeys and birdies will often pay well.

The second and 15th at Augusta have been good birdie holes in the past. The first has resulted in a fair share of bogeys. The 12th features water and hazards guarding a narrow green.

PGA betting angles

Do you like recent form? Scheffler, Ridgewood, NJ-born and now a Dallas resident, has been hotter than hot. He’s won three of five recent tournaments, far more effective than most players come into this event.

Thomas has five straight top-25 finishes at Augusta National, including a tie for 21st in 2021.

He stormed into contention last year, firing a 5-under 67 in the second round to pull within three strokes of the lead.

He was a combined four over in the final 36 holes. Thomas has five top-10s in nine starts on tour this season.

He will get play in top 5 and top-10 markets. Thomas is +150 to hit the top 10. These are fair odds.

Rahm always gets bet. He’s the favorite again here because that’s been the recent trend, but he hasn’t been hitting the winner’s circle.

Hard to believe he hasn’t triumphed since the 2021 US Open last June at Torrey Pines.

Hovland is usually right there, having turned into one of the world’s top iron players. But can he finish it with the blade? He’s struggled to close out his opportunities on the green.

Tiger Woods: Game-Time Decision

The Masters gains an added buzz whenever Tiger-mania abounds. He electrified the crowd in 2019, winning the Masters at age 43. It was his fifth and it happened 22 years after his first one.

Woods will decide on whether he’s playing on Thursday, but once he traveled to Augusta for a practice round, NJ sportsbooks took that as a go. And the bettors went with them.

Woods provided instant liability for DraftKings. At odds of +4000, he accounted for 13% of the money, tops in the field. Justin Thomas was next at 6%.

To finish in the top five, Woods is +700 with 9% of the handle. Tiger also garners 10% of the wagers at +330 for the top 10.

DraftKings wisely allows bettors to opt-in for a special deal on Woods, including a refund if he withdraws. And he could.

Woods has not played a competitive tournament in 17 months (the Nov. 2020 Masters) and nearly lost his leg in a car accident in 2021. But he is money, no matter how he plays.

Tiger was the first high-profile subject of the next-hole bet. Books put them up all the way through the 2019 Masters, the first time this tournament could be legally wagered.

Woods also has the cerebral effect of Arnold Palmer and Jack Nicklaus, who delighted the crowds at the majors long past their primes just by showing up and teeing it up.

Tiger is likely not up to his usual level, but he will be bet. Probably more than he should. This increases the value of other players.

Betting On The 2022 Masters

Look for opt-ins at DraftKings to increase the odds of any player by +300 on the win line. That means Scheffler goes from +1200 to +1500, for example.

And the hits will keep on coming.

Another sample from Caesars shows the various options available. One benefit of a big board is the opportunity to create one’s own tournament within a tournament.

Check the lineup at Caesars for three-man groupings. There are many of them. Simply select the best player in the group of three and cash a ticket.

This can be done a few times and it’s a competition that lives outside the win, top five, and top-10 lines.

The book also has two-man competitions with the same principle.

Here’s one regarding the tournament overview, rather than one player: the margin of victory.

  • Four strokes or more +330
  • Playoff +300
  • One stroke +250
  • Two strokes +350
  • Three strokes +450

Last year, Matsuyama prevailed by one stroke.

BetMGM offers some markets just for Tiger. The book did not have an extensive lineup early in the week, but did unfurl a unique version of Tiger-Mania. Woods has the following odds:

  • Make the cut +120
  • Finish in the top 10 +500

It also lists him to finish in the top 20 in the first round, which pays +275, including ties. That means if he is in a multiple tie for 20, all players in that spot get paid, but the odds are lower.


(AP Photo/Charlie Riedel)

About the Author

Dave Bontempo

Dave Bontempo, a multiple national award-winning boxing commentator and writer, authors NFL betting columns for the Press of Atlantic City and IGaming Player, among others.