Masters Odds and Betting Favorites: Rory McIlroy New Favorite After Round 1

Spring is in the air, and that can only mean the first major of the 2026 PGA Tour season is right around the corner. The best golfers on the planet will head to Augusta, Georgia, and tee off at the Masters beginning April 9.

The world’s number two-ranked player, Rory McIlroy, looks to defend his title and should be included in your selections when looking at the Masters odds, but there are several other notable golfers who have excellent odds to win the Masters as well, who are looking to slip on the green jacket for the first time in their careers. Or add to their growing collection of major championships.

⛳ Masters 2026 Leaderboard (Round 1)

Below is the official leaderboard for the 2026 Masters following the completion of Round 1.

🏆 2026 Masters Round 1 Update: Rory & Burns Charge as Odds Shift for Round 2

Defending champion Rory McIlroy and Sam Burns share the opening-round lead after firing 5-under 67s. McIlroy’s strong start, his best at Augusta in 15 years, has made him the betting favorite, with his win probability soaring nearly 20%.

Chasing them is a trio at 3-under, including Patrick Reed, while world No. 1 Scottie Scheffler remains dangerous at 2-under. Conversely, pre-tournament favorites Jon Rahm (+6) and Bryson DeChambeau (+4) struggled significantly, causing their odds to plummet as they now fight simply to make the weekend cut.

⛳ Masters 2026 odds (Round 1 Update)

Following a challenging opening day at Augusta National, the betting market has shifted significantly. With defending champion Rory McIlroy and Sam Burns leading the field at 5-under, here are the updated odds and implied win probabilities heading into Round 2.

Odds provided by FanDuel & DraftKings – accurate as of April 10

While Scottie Scheffler remains a focal point for oddsmakers, his pursuit of a third Green Jacket now requires chasing down a surging Rory McIlroy. The live betting market is reacting quickly to the opening 18 holes, with several big names seeing their win probabilities fluctuate as they navigate the firm conditions at Augusta.

As we head into Friday, the focus shifts to the Masters cut line. Players must fight to stay within the top 50 (plus ties) to ensure a spot on the weekend. For those trailing the leaders, Round 2 is moving day—and for bettors, it’s the prime time to identify value.

Keep a close eye on our Masters 2026 sleeper picks with 54 holes left to play, there is still plenty of room for a longshot to threaten the lead and rewrite Masters history.

🏌️‍♂️ Current Favorites to win the 2026 Masters

Scottie Scheffler |  +550 🔻 +350 odds

2026 has been an up-and-down season for the 2022 and 2024 Masters champion Scottie Scheffler. The four-time major champion had seen his results decline each week this year following his season-opening win at The American Express, before his finish at The Players Championship. The world’s number one-ranked player followed up that victory with a tie for third, a tie for fourth, a tie for 12th, a tie for 24th, and then a tie for 22nd at The Players Championship this past week.

There’s no denying his dominance at the Masters over his career, as, along with his two wins, he has also posted a fourth-place finish and a tie for 10th among his six appearances at the event. Look for the University of Texas star to feel right at home and challenge for his third green jacket when he tees it up at Augusta National Golf Club in a few weeks’ time.

Rory McIlroy | +1300 🔻+270 odds

After winning the 2025 Masters, Rory McIlroy has now won all four major golf championships on the PGA Tour, adding to his already accomplished professional career. While the 38-year-old has battled a back injury this season, he should be healthy and ready to roll come the second week of April.

In 17 previous Masters appearances, the five-time major champion has one win to go along with one runner-up finish and eight top-10 finishes overall. Look for a healthier version of the Northern Ireland star to be flirting with a back-to-back Masters title come the final round of the tournament.

Ludvig Aberg |  +1700 ▲ +4500 odds

With all the potential in the world, Ludvig Aberg has the entire package to win his first major championship at the Masters. However, what transpired during the final round of The Players Championship gives pause for caution for the young Swedish superstar. Entering the final round with the lead, the 26-year-old stumbled, shooting a 76 and ending the tournament tied for fifth place.

This marks just his third appearance at the Masters, and in just eight rounds of play, the two-time PGA Tour winner has posted only two rounds over par, both one-over par 73’s. With four of those eight rounds in the 60’s, the rising star has shown he’s right at home at a course that typically takes players a few appearances to fully understand all of its nuances.

Primed to break through for his first major championship, it’s no surprise to see Aberg so highly thought of in the Masters odds. Whether he can close the deal when the pressure is at its maximum appears to be the biggest obstacle standing in his way.

Jon Rahm | +1600 ▲ +22500 odds

2023 Masters champion and current LIV player Jon Rahm aims for his second Masters victory when he appears at Augusta National Golf Club in just under a month’s time. This will mark the tenth appearance at the historic event, during which he has achieved remarkable results.

The 31-year-old two-time major championship winner has five top-nine finishes over his time in the event and has never missed the cut in the tournament. While it’s always tough to gauge how LIV players will perform when rejoining their former tour mates, expect the Spaniard to feel right at home as he looks to add another major championship win to his resume.

Xander Schauffele | +1800 🔻 +1000 odds

Two-time major champion Xander Schauffele appears to be rounding into form as the first major of the season approaches. After missing the cut in his opening event of the season, the 32-year-old has made five straight cuts, including a third-place finish at The Players Championship.

In eight previous Masters visits, Schauffele has posted some eye-opening results, including three straight top-10 finishes. Overall, he has posted five top-10 results in those eight appearances and looks to be back in the groove that his game found in 2024, when he won both the British Open and the PGA Championship.

2026 Masters Longshot

Corey Conners | +8000 ▲ +50000 odds

It’s been three seasons since Canadian Corey Conners found the winner’s circle on the PGA Tour. However, after a bit of a disappointing start to the 2026 season, it appears the two-time tour winner found something in his game at The Players Championship, where he finished a season-best tied for 13th.

The 34-year-old has had some impressive results in his eight previous Masters appearances, with four top-10 finishes, including a tie for eighth place last season. Considered one of the best iron players on tour, if his game is back to being on point heading into the Masters, he has all the tools to become the second Canadian player to don the green jacket following Mike Weir’s win in 2003.

📅 Masters 2026: Key Dates & Info

• When: April 9 – 12, 2026
• Where: Augusta National Golf Club
• Defending Champion: Rory McIlroy

Where to watch the 2026 Masters

Masters recent winners

2026 Masters Debutants

The field for the 2026 Masters features an exciting group of first-timers, ranging from top-ranked professionals to amateurs looking to make their mark at Augusta National.

How to read the Masters betting odds

Reading the Masters betting odds is the same as reading odds for any other sporting event or golf tournament. For example, if someone is +2500 to win the event, then you will receive $25 back for every $1 you wager. Another example is that if the bet in question is a “yes” or “no” propostion like will there be a hole-in-one, and “yes” has odds of -120 and “no” has odds of +100, then this means that you would have to bet $12 to win $10 on the “yes” outcome and $10 to win $10 on the “no” outcome.

Betting on the Masters

Betting on the Masters is the same as betting on any other golf tournament, except that, due to its popularity, there are many more betting options available to consumers. In golf, there are numerous ways to bet, from head-to-head matchups to whether a player will make a certain number of birdies or eagles in a round.

To get started, you’ll want to browse the best sportsbooks to compare lines, as odds can shift significantly leading up to Thursday’s opening tee shot. You can even bet on whether there will be a hole-in-one during the event, whether the tournament will go to a playoff, or whether a player will be in the final group on Sunday.

Other bets that can be made are: will a player record a bogey-free round, will they birdie or better all the par 5s in their round, or will they shoot under a certain score? Many of the best sportsbook promos specifically target these prop markets, offering “odds boosts” or “risk-free” tokens for the Masters. Golf offers plenty of wagers for its customers, including bets on individual holes ranging from whether the player will par, birdie or better, or make a bogey or worse.

Most popular ways to wager on the 2026 Masters odds:

🏆 Outright Winner

The most traditional bet, where you pick the single golfer you believe will wear the Green Jacket on Sunday evening.

🎯 Tournament Props

These cover specific occurrences within the event, such as whether a hole-in-one will be recorded or if the tournament will end in a playoff.

✂️ The Cut Line

A Yes/No wager on whether a specific player will finish in the top 50 (plus ties) after 36 holes to play the weekend.

⚔️ Matchups (H2H)

A head-to-head bet where you pick one golfer to post a better score than another, regardless of where they sit on the overall leaderboard.

⛳ Odds to win the Masters 2026 (Pre-Tournament)

Odds provided by FanDuel & DraftKings – accurate as of April 8

Masters betting trends

Over its history, there have been many betting trends that stand out when looking at the Masters. The winning score has been hovering around 11 under par since 2000. Over the last five years, the winning score has been 10, 11, or 12 under par.

Most years, the Masters cut line is between +2 and +6, allowing players to qualify to play the weekend after the first two rounds. Since 2000, the average cut line score has been just over +4, while it has averaged +3 since 2020.

Other betting trends to consider are that a player has only won three times on his debut in the event. Those occurred the first and second years the Masters took place in 1934 and 1935, as well as when the late Fuzzy Zoeller won in 1979.

Each of the last 10 winners has been ranked in the top 30 of the world golf rankings, and this has held true in 23 of the last 25 Masters.

More golf insights

• Masters Projected Cut Line
• How To Bet On The Masters
• Valspar Championship Odds
• Valspar Championship Projected Cut Line
• Players Championship Odds
• Players Championship Projected Cut Line
• PGA Championship Sleeper Picks
• PGA Championship Odds

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Masters odds FAQs

Who has won the most Masters titles?

With six Masters victories, Jack Nicklaus has won the event the most times. Nicklaus was 46 years old when he won his sixth and final Masters in 1986, making him the oldest champion in tournament history. Tiger Woods is second to Nicklaus with five Masters titles, while Arnold Palmer won the tournament four times.

How much money does the winner of the Masters receive?

The purse at the Masters has increased again in 2026, growing $2M from 2025. The total prize pool for the event is now $22.5M, with the winner receiving $4.5M. In comparison, at the first-ever Masters in 1934, the prize pool was $5.000, with the winner taking home $1.500.

What is the history behind the winner of the Masters wearing a green jacket?

Dating back to 1937, the green jacket was introduced as a way for Augusta National Golf Club members to be easily identified during the Masters tournament. It was 12 years later, in 1949, that the jacket took on a whole new meaning when it became part of the tournament’s history and was bestowed upon the winner and all previous winners. Multiple Masters champions receive only one jacket, and all winners’ jackets remain on site at Augusta National and are not allowed to leave the grounds throughout the year.

Who has appeared in the most Masters?

Gary Player holds the record for most Masters appearances as he has played in the event 52 times. The three-time Masters champion won the event in 1961,1974 and 1978. Player’s final appearance was in 2009 playing every year since 1957 except for 1973 when he was recovering from surgery.

What is Amen Corner?

Amen Corner refers to holes 11,12 and 13 at Augusta National Golf Club. These three holes are considered the most difficult stretch on the course and have frequently been where the tournament is won or lost in the final round on Sundays. The term was first introduced in a 1958 Sports Illustrated article by Herbert Warren Wind, who came up with the term “Amen Corner” from a song by Mildred Bailey and the Dorsey Brothers Orchestra called “Shoutin’ in that Amen Corner”.

What is the tournament record score at the Masters?

The tournament record score at the Masters was set in 2020 when Dustin Johnson shot 20 under par for a total score of 268. Johnson broke the record that was set by Jordan Spieth when he shot 18 under par in 2015. Tiger Woods holds the record for most strokes won by when he won the tournament by 12 strokes in 1998.