Where Bettors Are Placing Their Money For The 2021 Masters

DraftKings and BetMGM have been kind enough to share some insight as to where the money is going when it comes to betting on The 2021 Masters. The Augusta tournament is probably the largest golfing event every year. This year it is taking place in April, not even six months after the event last took place last November. Of course, this odd scheduling has everything to do with the COVID-19 pandemic.

There are a ton of incredible golfers teeing up today, Thursday, April 8th. With legal sports betting making waves across the country, more people than ever have access to wager on golf. This means that there has been money flowing in for several different names.

Who is Receiving the Most Bets & Most Money

draftkingsmobileappicon-115x115According to DraftKings Sportsbook, Jordan Spieth has received the largest percentage of handle and percentage of bets heading into Thursday’s action. Spieth boasts 12% of all total money wagered and 9% of all the bet slips placed on the Masters Winner wagers. Spieth’s odds as of pre-tee off sat at +1,200 to win.

However, Justin Thomas is not too far behind at +1,050 with 12% of the handle as well and 8% of the total bets placed. Both of these golfers have been playing well and did fantastically last time out at Augusta National Golf Club. It makes sense that bettors like their odds.

Interestingly enough, Dustin Johnson, last year’s winner who sits at +900, only received 6% of the handle and 6% of the bets. This surprises me quite a bit as his odds are not that much shorter than Spieth and Thomas, and Johnson has just won the tournament not even six months ago.

Collin Morikawa sits with the longest odds out of the top 10 highest handles with +3,000 odds to win, heading into Thursday. Morikawa received 5% of the handle and bets to win the Masters.

The Biggest Bets

betmgm-115x115BetMGM has supplied the numbers on the largest Masters wagers placed so far. When it comes to winning the Masters, there were two $10,000 bets placed, one on Justin Thomas and one on Dustin Johnson. However, the largest potential payout was on Corey Conners with $2,500 wagered and a profit possible of $250,000 if he were to win.

The two largest single bets come in the form of prop bets. A $50,000 bet was placed on Dustin Johnson to finish in the Top 10, which would profit $43,478 if the bet wins. The next largest wager was on Max Homa to finish Top 40 at -200. The bet was for $20,000 and has a potential profit of $10,000.

The biggest first-round leader bet was on Dustin Johnson, who sat at +1,600, with a $10,000 wager. If that bet wins, the bettor will collect a $170,000 payout in total.

Another interesting point is that there was an $11,000 bet placed on there being a playoff to decide the winner of the tournament. The odds sat at +350, which means the $11k bet is to win $38,500. This is a very interesting prop-bet as there is little in the way of predicting how the tournament is going to finish. The last playoff to happen was in 2017, when Sergio Garcia took home the Green Jacket.

  
Matthew is a UC Berkeley economic and philosophy graduate. He has played DFS, Football pools, and survival leagues for most of his adult life. Matthew brings to the table great strategies for both your GPP and Cash plays as well as a winning track record with his picks of the week.

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