Jon Rahm earned his second major win at the Masters in 2023, establishing himself as one of the top golfers in the world with an impressive four-shot victory.
Much has changed since Rahm's excellent final round at Augusta National Golf Club. He left the PGA Tour to join the Saudi-backed LIV Golf tour and hasn't played against PGA Tour opponents since he tied for 18th at the Tour Championship in East Lake in August.
Now, Rahm will look to defend his Masters title, something no player has achieved since Tiger Woods did so in 2000 and 2001.
Rahm will have plenty of competition for the green jacket. World No. 1 Scottie Scheffler is playing the best golf of his career; Rory McIlroy will come in extra motivated to complete the career Grand Slam; and players like Brooks Koepka, Wyndham Clark and Will Zalatoris always seem to be in the mix for a title when the majors roll around.
Will Rahm repeat as champion to give LIV Golf its second win at a major, or will Scheffler and the PGA Tour continue to scoop up hardware at Augusta? The Sporting News breaks down the odds and best bets to win the Masters in 2024.
MORE: Tracking the field for the 2024 Masters
Masters Tournament odds 2024
Scottie Scheffler ($5.50) enters the Masters as a heavy favorite to win the event, according to odds from TAB. The World No. 1 golfer has been hot to start the 2024 PGA Tour season, finishing top 10 in seven of his eight tournaments and winning the Arnold Palmer Invitational and the Players Championship in back-to-back weeks.
Scheffler's main challengers are expected to be Rory McIlroy ($12) and Jon Rahm ($14). Rahm is the reigning Masters champion and has performed well since his defection to LIV Golf, finishing no worse than tied for eighth in his four tournaments to date.
Meanwhile, McIlroy has never won the Masters but needs to do so to complete the career Grand Slam. He has missed the cut in two of the last three quests for the green jacket, but sandwiched between those two missed cuts was a second-place finish.
Xander Schauffele ($19), Brooks Koepka ($19), Jordan Spieth ($21) and Hideki Matsuyama ($21) are the only other golfers with better than $22 odds to win the event. Tiger Woods ($151) and Phil Mickelson ($201) are both considered long shots to take home the green jacket.
Below are the odds for the top golfers in this year's Masters tournament. Only competitors with odds of $51 or better are listed.
| Golfer | Odds |
| Scottie Scheffler | $5.50 |
| Rory McIlroy | $12 |
| Jon Rahm | $14 |
| Xander Schauffele | $19 |
| Brooks Koepka | $19 |
| Jordan Spieth | $21 |
| Hideki Matsuyama | $21 |
| Joaquin Niemann | $26 |
| Ludvig Aberg | $26 |
| Wyndham Clark | $29 |
| Will Zalatoris | $29 |
| Cameron Smith | $31 |
| Justin Thomas | $31 |
| Viktor Hovland | $31 |
| Brian Harman | $41 |
| Dustin Johnson | $41 |
| Min Woo Lee | $41 |
| Collin Morikawa | $41 |
| Bryson DeChambeau | $41 |
| Patrick Cantlay | $41 |
| Tony Finau | $41 |
| Jason Day | $41 |
| Matt Fitzpatrick | $41 |
| Cameron Young | $51 |
| Collin Morikowa | $51 |
| Shane Lowry | $51 |
Masters course breakdown: Augusta National Golf Club
As always, the Masters will be played at Augusta National Golf Club in Augusta, Ga. The course is a par-72 layout that will play at 7,555 yards in length. It is one of the PGA Tour's longest courses and contains four par-5 holes and three par-4 holes that are at least 495 yards long.
Augusta's course length will allow the game's bigger hitters to find a lot of success at the course. Those with great driving distance can take advantage of the course's wider fairways while those who produce the most strokes gained off the tee (SG:OTT) should set themselves up for shorter, easier approach shots.
Speaking of the approach game, it will be important at Augusta, per usual. Why? Because putting at Augusta is fairly easy provided that you can get the ball within 10 feet of the hole, per Mark Broadie of Golf.com. That said, Augusta is known for having the highest three-putt rate of any PGA Tour course, so it will be important for golfers to minimize the distance of putts they have to make during the event.
The best way to do that? Snuggle the ball up to the hole on the approach shot. That will make stats such as strokes gained on approach (SG:APP) and average proximity to the hole among the most important stats to evaluate during the tournament. It will also put a premium on hitting greens in regulation (GIR), as players who hit the green at a high rate will avoid scrambling for tough chip shots;
Finally, it will be important to evaluate which players are the best at avoiding three-putts given that they happen at a higher rate than average at Augusta National. Paying attention to which players have the best putting stats from inside of 10 feet will also give bettors an advantage in this matchup.
Masters expert picks
Below is a breakdown of the best candidates to consider betting on in this year's Masters field.
Masters best bets to win tournament
Yes, it's boring, but if you're planning to bet on the Masters, Scottie Scheffler ($5.50) should probably be on your card. The World No. 1 golfer has won two of his last three tournaments and nearly made it three with a T-2nd finish at the Houston Open.
Scheffler ranks No. 1 on the PGA Tour in SG:APP and GIR percentage and has consistently ranked top-five in SG:OTT over the last few seasons. His putting used to be a weakness compared to his tee-to-green game, but a change to a mallet putter appears to have him catching fire with the short stick at the right time.
Add in that Scheffler won the Masters in 2022 and he seems like a safe bet to contend. Getting 4-1 odds on him may not seem ideal, but unless he endures a difficult opening to the tournament, it's hard to imagine getting him at a better price.
Elsewhere, backing the reigning Masters champion Jon Rahm ($14) seems like a solid move. He dominated on the course last year in his four-stroke win and he has predictably succeeded on the LIV Golf tour, logging four top-8 finishes in four tournament appearances.
Again, these picks may not be adventurous, but odds are that both Scheffler and Rahm will be in contention throughout the weekend. That makes them safe bets and quality hedges for longer-shot winners on each bettor's card.
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Masters value picks for 2024
Those looking for a bit more value than Scheffler and Rahm may want to consider Xander Schauffele ($19). The World No. 5 golfer hasn't yet won a major but he routinely plays well at them, logging 11 top-10 finishes across the four events since 2017.
Schauffele's well-rounded game is a good fit for Augusta. He ranks top-10 in SG:OTT and top-20 in SG:APP, so his tee-to-green game can put him on par with Scheffler and Rahm, albeit with a bit less length than the other big boppers.
What really could separate Schauffele is his ability to avoid three-putting. He has three-putted just three times in 486 holes on the PGA Tour this season, good for a mark of 0.62 percent, entering the Masters. That's the lowest three-putt percentage on the tour.
Similarly, Wyndham Clark ($29) is a player worth considering as a mid-tier value. Clark ranks top-15 in both driving distance and SG:OTT, so that will give him an advantage on the longer holes at the Masters.
Clark also ranks top-15 in GIR percentage and SG:Putting while ranking top-40 in proximity to the hole. If he is dialed in, he should set himself up for some easier putts and should be able to go low. That makes his 25-1 price-tag an excellent value and potential steal.
Masters roughie picks
Sahith Theegala ($61) is an intriguing roughie option for the Masters. The 26-year-old made his tournament debut in 2023 and earned a ninth-place finish while showcasing his game is a good fit for the Augusta National course.
Theegala ranks top-20 in SG:OTT, GIR percentage and SG:Putting. There isn't much of a weakness in his rounded skill set — save for maybe his ability to make plays consistently when he misses the green.
Theegala has four top-10 finishes in nine events this season and just one missed cut. His recent form should provide him a boost as he looks to win his first-ever major tournament.
If you're looking for a mega long-shot, Si Woo Kim ($81) is worth considering. Kim's 149th-ranked driver distance may make some wonder why that's the case, but his tee-to-green accuracy — 12th in SG:OTT and top-30 in SG:APP and GIR percentage — should allow him plenty of scoring chances.
The main concern with Kim? He ranks a poor 138th in SG:Putting for the season. That said, he has the 12th-highest three-putt avoidance rate on the PGA Tour, so if he is a bit hotter than usual with his short stick, he could put himself in contention.
At the very least, consider Kim for a potential top-20 finish bet. He and Theegala will provide value in that category as they look to separate themselves in the field of less than 100 golfers.
Masters Tournament winners by year
Jon Rahm is the reigning Masters champion. He won the event by four strokes over Brooks Koepka in 2023. It marked Rahm's second career major win and his last before he left the PGA Tour to join the upstart, Saudi-backed LIV Golf circuit.
Rahm will be at the Masters in 2024 and will attempt to become the first back-to-back winner of the event since Tiger Woods, who accomplished the fear in 2000 and 2001.
Woods is also expected to be in the field as he attempts to win his sixth Masters. That would tie him with Jack Nicklaus for the most green jacket wins of all time.
Woods last won the Masters during his shocking 2019 victory at Augusta. Since then, Rahm, Scottie Scheffler, Hideki Matsuyama and Dustin Johnson have all won the tournament.
Below is a look at every Masters winner since the event began in 1934.
| Year | Winner | Score |
| 2023 | Jon Rahm | -12 |
| 2022 | Scottie Scheffler | -10 |
| 2021 | Hideki Matsuyama | -10 |
| 2020 | Dustin Johnson | -20 |
| 2019 | Tiger Woods | -13 |
| 2018 | Patrick Reed | -15 |
| 2017 | Sergio Garcia | -9 |
| 2016 | Danny Willett | -5 |
| 2015 | Jordan Spieth | -18 |
| 2014 | Bubba Watson | -8 |
| 2013 | Adam Scott | -9 |
| 2012 | Bubba Watson | -10 |
| 2011 | Charl Schwartzel | -14 |
| 2010 | Phil Mickelson | -16 |
| 2009 | Angel Cabrera | -12 |
| 2008 | Trevor Immelman | -8 |
| 2007 | Zach Johnson | +1 |
| 2006 | Phil Mickelson | -7 |
| 2005 | Tiger Woods | -12 |
| 2004 | Phil Mickelson | -9 |
| 2003 | Mike Weir | -7 |
| 2002 | Tiger Woods | -12 |
| 2001 | Tiger Woods | -16 |
| 2000 | Vijay Singh | -10 |
| 1999 | José María Olazábal | -8 |
| 1998 | Mark O'Meara | -9 |
| 1997 | Tiger Woods | -18 |
| 1996 | Nick Faldo | -12 |
| 1995 | Ben Crenshaw | -14 |
| 1994 | José María Olazábal | -9 |
| 1993 | Bernhard Langer | -11 |
| 1992 | Fred Couples | -13 |
| 1991 | Ian Woosnam | -11 |
| 1990 | Nick Faldo | -10 |
| 1989 | Nick Faldo | -5 |
| 1988 | Sandy Lyle | -7 |
| 1987 | Larry Mize | -3 |
| 1986 | Jack Nicklaus | -9 |
| 1985 | Bernhard Langer | -6 |
| 1984 | Ben Crenshaw | -11 |
| 1983 | Seve Ballesteros | -8 |
| 1982 | Craig Stadler | -4 |
| 1981 | Tom Watson | -8 |
| 1980 | Seve Ballesteros | -13 |
| 1979 | Fuzzy Zoeller | -8 |
| 1978 | Gary Player | -11 |
| 1977 | Tom Watson | -12 |
| 1976 | Raymond Floyd | -17 |
| 1975 | Jack Nicklaus | -12 |
| 1974 | Gary Player | -10 |
| 1973 | Tommy Aaron | -5 |
| 1972 | Jack Nicklaus | -2 |
| 1971 | Charles Coody | -9 |
| 1970 | Billy Casper | -9 |
| 1969 | George Archer | -7 |
| 1968 | Bob Goalby | -11 |
| 1967 | Gay Brewer | -8 |
| 1966 | Jack Nicklaus | E |
| 1965 | Jack Nicklaus | -17 |
| 1964 | Arnold Palmer | -12 |
| 1963 | Jack Nicklaus | -2 |
| 1962 | Arnold Palmer | -8 |
| 1961 | Gary Player | -8 |
| 1960 | Arnold Palmer | -6 |
| 1959 | Art Wall Jr. | -4 |
| 1958 | Arnold Palmer | -4 |
| 1957 | Doug Ford | -5 |
| 1956 | Jack Burke Jr. | +1 |
| 1955 | Cary Middlecoff | -9 |
| 1954 | Sam Snead | +1 |
| 1953 | Ben Hogan | -14 |
| 1952 | Sam Snead | -2 |
| 1951 | Ben Hogan | -8 |
| 1950 | Jimmy Demaret | -5 |
| 1949 | Sam Snead | -6 |
| 1948 | Claude Harmon | -9 |
| 1947 | Jimmy Demaret | -7 |
| 1946 | Herman Keiser | -6 |
| 1942 | Byron Nelson | -8 |
| 1941 | Craig Wood | -8 |
| 1940 | Jimmy Demaret | -8 |
| 1939 | Ralph Guldahl | -9 |
| 1938 | Henry Picard | -3 |
| 1937 | Byron Nelson | -5 |
| 1936 | Horton Smith | -3 |
| 1935 | Gene Sarazen | -6 |
| 1934 | Horton Smith | -4 |
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