2025 Masters Odds: Scheffler, McIlroy, Schauffele Favored at Augusta

2025 Masters Odds: Scheffler, McIlroy, Schauffele Favored at Augusta article feature image
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Pictured: Scottie Scheffler. (Photo by Orlando Ramirez/Getty Images)

The first major of the 2025 golf season is fast approaching. The 2025 Masters Tournament is set to tee off from April 10-13 and will feature a star-studded field playing on an iconic course.

Tiger Woods is not yet ready for his 2025 PGA Tour debut after withdrawing from the upcoming Arnold Palmer Invitational. However, the Augusta National Golf Club will still host top-tier players such as Scottie Scheffler, Rory McIlroy and Xander Schauffele.

Let’s take a look at Kalshi’s Masters Tournament odds to see if there’s any value.

2025 Masters Tournament Odds

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Scheffler, the world’s No. 1-ranked player, is unsurprisingly the favorite with an 18% chance of winning, according to Kalshi. That figure has ticked up slightly in the past 24 hours, further solidifying Scheffler as the man to beat at Augusta.

A champion in 2022 and 2024, Scheffler has a chance to become the first golfer to win back-to-back green jackets since Woods in 2001-'02. However, with such short odds, some traders may look elsewhere for more lucrative payouts.

McIlroy holds a 10% chance of winning, though his odds have slightly drifted over the past day. The Northern Irishman has had his fair share of struggles at Augusta, where he has never won, but his experience keeps him firmly among the favorites.

Schauffele and Jon Rahm both have a 7% chance. Schauffele has been one of the most consistent performers in majors over the past few seasons, while Rahm, the 2023 champion, will look to reclaim the title.

The new generation could also reach the pinnacle of golf. Ludvig Aberg, a 25-year-old and one of the sport’s brightest rising stars, is also listed at 7% on Kalshi. The Swede has made a rapid ascent in the rankings and finished as the runner-up last year.

What is Kalshi?

Different than a traditional sportsbook and available in all 50 states, Kalshi allows users to make predictions across several unique markets, including sports, entertainment, elections and even weather.

Kalshi operates on a contract-based system where users buy "contracts" (priced between 1–99 cents) based on whether they believe a specific event will happen. The price of each contract fluctuates in real time based on market sentiment and like the stock market, traders can sell positions early to lock in profits (or minimize losses).

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