Masters 2021 Betting Odds, Favorite: Dustin Johnson Tops the Board With Justin Thomas, Bryson DeChambeau, Jordan Spieth Behind

And just like that, we're back at Augusta National.

The Masters is one of the biggest gambling events of the year. Bettors all over the world will be getting action down at the sportsbook, on DFS platforms, in pools at their local bars or all of the above. This is the tournament where casuals, die-hards and everyone in between gets together to have a flutter on the golf. It's a beautiful thing and it's going to be a fun week.

Here are the betting odds for the 2021 Masters. (Spoiler alert: There are some notable differences from what we were dealing with in November.)

The Favorites

Dustin Johnson may be the favorite at +950 ($10 bet wins $95), but Jordan Spieth is the story of the oddsboard after his win at the Valero Texas Open. Spieth, who was +7000 at Augusta in November and +12500 at the Waste Management just two months ago, is all the way down at +1150 to win his second Masters title thanks to a run of form that includes a win, four top-five finishes and five top-15's in his last six starts.

Blend that scorching stretch of golf with the Texan's blinding course history — he has a win and four top-3 finishes in seven starts at Augusta — and you have a perfect storm for speculators. Spieth will likely be the most popular bet this year so a second Green Jacket for the 28-year-old would be terrible news for the bookies.

While Spieth is certainly the story this time around, it wasn't that long ago that we were all wondering if Bryson DeChambeau (+1150) would chew up Augusta and then spit it out. That didn't happen as DeChambeau wilted to a T34 in November, but there's very little reason to be skeptical of his chances this week as he's coming off a win and a T3 in his last two starts.

Justin Thomas (+1250) also figures to be a popular play coming off his win at THE PLAYERS. It feels like it's a matter of time for Thomas to win a Green Jacket but the same thing has been said about plenty of other blokes in the past and most of them never got fitted for the viridescent blazer. Thomas has improved with every start at Augusta going T39-T22-T17-T12-4 in his five starts.

It has been nearly 17 months since Rory McIlroy's last win, but the Northern Irishman is still commanding plenty of respect from bookmakers at +1900. McIlroy is an interesting case because it is not that uncommon for superstars to see their odds drift when they are in a field like this. (Heck, it wasn't that long ago that Dustin Johnson was priced at +4500 in non-majors.) And yet, bookmakers seem to be weary of letting McIlroy's odds get too far away from the top of the board.

We're not too sure how healthy he is, but Brooks Koepka is lurking in this range at +2800. Even though he hasn't played since finishing second at the WGC-Workday Championship, Koepka has a win and a T2 in the last two events he was able to play. It will be interesting to see how the market reacts to Koepka at this number since there will be two camps of speculators this week: Those who think Brooks is injured and won't go near him no matter the number, and those who are looking to get him at longer-than-normal odds thanks to the injury scaring people off.

We'll wrap up the top of the board with another former winner, Patrick Reed at +3500. Reed is a unique player for a number of reasons, but for bettors he stands out because, perhaps more than any other golfer, the 30-year-old is dangerous every time he steps onto a golf course, no matter his form or course fit. Reed is a 9-time winner on TOUR, has a Green Jacket and has a top-10 finish at every major. But because Reed is never really popular with casual bettors bookmakers can afford to hang him out at 30/1.

While Reed will likely fly under the radar, the same can't be said of Collin Morikawa at +3150. Already a major champion, Morikawa is just over a month removed from winning the WGC-Workday. At some point he will find his way into the +1000 range and stay there. You can say the same about Viktor Hovland, who should have plenty of support at +3500.

The Mid-Tier

This is the part of the betting board where you need to show some self-control (or at least I do) because a field this deep will always put some tempting numbers on some terrific players. It's hard to look past Adam Scott at +7500 or Tyrrell Hatton at +5000, but you can't bet 'em all.

Cam Smith (+3500), Abraham Ancer (+8000), and Sungjae Im (+4150) were all tied for second place after 54 holes in November but with the way DJ was playing it's easy to forget there were other players on the course that Sunday. While none of Smith, Ancer or Im has won anything in 2021, they've eached popped up here or there and at one time or another were popular betting picks. I'd imagine a lot of people were looking forward to betting Smith since he's got two top-5 finishes in four trips to Augusta, but this number is pretty short for the Aussie.

We all know that course history and experience matter more at Augusta than most other tracks but that may not be enough to deter bettors from buying Joaquin Niemann at +5500. The 22-year-old Chilean can sometimes get lost in the "Young Gun Shuffle" with the likes of Morikawa, Hovland, Im and Scottie Scheffler, but flying under the radar is never a bad thing when it comes to betting. While not in eye-popping form, Niemann has only finished outside the top-30 once in 2021 (six starts) and had two runner-ups to start the year.

There are plenty of punters out there who subscribe to the "Death, taxes and betting Bubba Watson at Augusta National" theory. Bubba has two wins, a T5 and a T12 on his Augusta resume but he's actually had more pedestrian finishes than strong ones since his win in 2014. His recent form isn't great and if you blend that with his 57th-place finish in November you can see why the two-time winner has drifted to +9000.

Speaking of former winners, Sergio Garcia is playing great golf and is hanging out at +6000. GolfBet's Matt Vincenzi is pretty high on the Spaniard this week.

Tommy Fleetwood (+6000) is just one of those players, like Tony Finau, who always seems to have people willing to bet him or use him in DFS, Maybe it's because he's a likable guy or maybe it's because he supports Everton Football Club, I don't know. What I do know is that anytime Fleetwood is tagged with decent odds people will find their way to him. The Merseysider has two top-20 finishes in his last three starts at Augusta and finished T10 at the Arnold Palmer back in early March.

Longshots

It has not been a great start to 2021 Matthew Wolff but the young gun showed some signs of life at the WGC Match Play before bowing out on the last day of the group stage. The most important thing was that Wolff showed he was healthy to compete and that makes him an intriguing player at +10000.

Don't look now but it seemed like Gary Woodland (+12500) found something at the Valero Texas Open. GolfBet's Chris Murphy liked what he saw from the former U.S. Open champion and I can't blame him. I wouldn't be surprised if this number dips as the week goes on.

It's important to have a good short game at Augusta National and that is music to Kevin Na's ears. Na has been his typical self in 2021 with a win at the Sony Open, a T12 at the WGC-Workday Championship, a WD at THE PLAYERS and a viral moment at the WGC-Match Play. Na is a player who never surprises you because you already know trying to predict what he's going to do is a fool's errand. That makes him fun and infuriating, but he's certainly worth a hard look at +17500.

If you just paid attention to #GolfGamblingTwitter you'd think that Si Woo Kim (+15000) is one of the most popular players in the world. And frankly I think he deserves to be in that conversation. That's because the 25-year-old native of Seoul, South Korea can find his way to any spot on the leaderboard on any given week. It's electric. Kim has a win, a T9 at THE PLAYERS, three missed cuts and a WD in nine starts in 2021. This will be Kim's fifth trip to Augusta and he's shown some game here with a T21 and a T24 to his credit.

Don't forget about Dylan Frittelli down here at +17500. The South African advanced to the knock-out stages at the WGC-Match Play two weeks ago and finished T5 at the November Masters so he's definitely someone to consider if you're looking for a longshot to warm your soul.

Max Homa (+10000) could also be of interest to those who like to throw a few darts. Homa didn't impress in his Augusta debut but that's kind of what happens here. Where the Californian has impressed is basically everywhere in 2021. Homa has three top-10 finishes, including a win, in his last five starts.

Here are the full betting odds for the 2021 Masters (via DraftKings).

2021 Masters Odds