Best Masters Betting Promos 2026: Top Sportsbook Bonuses for the Masters Tournament
Six of the top US sportsbooks are running Masters betting promos for the 2026 Masters Tournament. Combined, these offers put more than $2,500 in potential bonus value on the table for new users who sign up before Round 1 on Thursday, April 9.
The 2026 Masters is the 90th edition of the tournament, played April 9 through 12 at Augusta National Golf Club. Rory McIlroy defends the green jacket. Scottie Scheffler is the betting favorite at +500. Jon Rahm (+950) and Bryson DeChambeau (+1000) round out the top of the odds board. The purse is $21 million.
Below is a side-by-side comparison of every Masters betting promo available right now, followed by detailed breakdowns of each offer. We evaluated bonus value, structure (win-required vs. win-or-lose), wagering requirements, expiry windows, and the golf market depth available at each sportsbook.
Best Masters Betting Promos 2026: Full Comparison
Last verified: April 7, 2026
| Sportsbook | Masters Promo Offer | Promo Code | Bonus Type | Min Bet |
| BetMGM | Bet $10, Get $150 if First Bet Wins | BOOKIESBG150 | Win-Required | $10 |
| FanDuel | Up to $300 Back in Bonus Bets Every Day for 10 Days | No Code | Daily Token | $5 |
| bet365 | Bet $10, Get $365 Win or Lose | BOOKIES | Win-or-Lose | $10 |
| Caesars Sportsbook | Bet $1, Double Winnings on Next 10 Wagers | BOOKIESDYW | Win-Required | $1 |
| Fanatics | Bet $5, Get $200 in FanCash Instantly | No Code | Win-or-Lose | $5 |
| theScore Bet | $1,000 First Bet Reset | BOOKIES | Loss-Required | $10 |
How We Ranked the Best Masters Betting Promos
Not all Masters betting promos are created equal. A large headline number means nothing if the bonus structure works against you. Our team at Bookies.com evaluated each promo across five criteria.
- Bonus value. Total dollar amount available to new users on qualifying wagers.
- Bonus structure. Win-or-lose offers (bet365, Fanatics) deliver guaranteed value. Win-required offers (BetMGM, theScore Bet) carry higher upside but lower certainty. Daily token structures (FanDuel) require multi-day engagement.
- Wagering requirements. All six promos carry a 1x playthrough, the lowest in the industry. No multi-roll requirements.
- Expiry window. Shorter expiry (7 days) means you must use bonus bets during Masters week. Longer windows (30 days at bet365 and Caesars) give flexibility beyond the tournament.
- Golf market access. A promo is only as good as the markets you can use it on. We checked outright, top-finisher, matchup, and prop availability at each site.
1. BetMGM Masters Promo Code BOOKIESBG150: Bet $10, Get $150 if First Bet Wins
The BetMGM Bonus Code BOOKIESBG150 is a bet-and-get offer. Place a $10 qualifying bet on any market at any odds. If it wins, you receive $150 in bonus bets on top of your winnings. The bonus bets expire in 7 days and carry a 1x playthrough.
This is a win-required structure. Your qualifying bet must settle as a win for the bonus bets to trigger. That makes it higher-upside than a win-or-lose offer, but less certain. Pair it with a short-priced outright or top-10 finisher bet to maximize your chances of triggering the bonus.
Bonus Code: BOOKIESBRP1500
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See http://BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.
BetMGM Masters Promo Details
- Promo: Bet $10, Get $150 in Bonus Bets if First Bet Wins
- Promo code: BOOKIESBG150
- Min deposit: $10
- Golf markets: Outrights, top 5/10/20, matchups, round leaders, player props (state-dependent), futures
- App ratings: 4.8/5 App Store, 4.3/5 Google Play
- States: AZ, CO, IN, IA, IL, KS, KY, LA, MA, MD, MI, MO, NJ, NY (casino only), NC, OH, PA, TN, VA, DC, WV, WY
Why BetMGM ranks first: Deepest overall golf product. Fast live betting updates during active rounds. MGM Rewards adds real ongoing value beyond the welcome promo. The combination of promo value, market depth, and platform reliability across a four-day major puts BetMGM at the top.
2. FanDuel Masters Promo: Up to $300 Back in Bonus Bets Every Day for 10 Days
The FanDuel Promo Code gives new users up to $300 back in bonus bets every day for 10 days. No code required. The 10-day window covers the full Masters week and beyond, from practice rounds through the final round on April 12.
This is a daily token structure. You receive a No Sweat Token each day. Place a qualifying bet using the token, and if the bet loses, you get the stake back as a bonus bet. If you skip a day, that day's token is forfeited. This promo rewards daily engagement.
FanDuel's golf same-game parlay builder lets you combine an outright pick with a top-10 finish prop and a round score in a single ticket. Outright odds on favorites are competitive, and top-finisher markets open early in the week.
Must be 21+ to participate. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV). GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
FanDuel Masters Promo Details
- Promo: Get $300 Back In Bonus Bets Every Day for 10 Days
- Promo code: None required
- Min deposit: $5
- Golf markets: Outrights, top 5/10/20, matchups, player props (state-dependent), SGP builder, tournament futures
- App ratings: 4.9/5 App Store, 4.5/5 Google Play
- States: AZ, CO, CT, DC, IL, IA, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VT, WV, WY
Why FanDuel ranks second: Most approachable interface in the industry. The 10-day promo window covers all four Masters rounds. Strong SGP builder for golf. Best platform for casual golf bettors who want a clean, simple experience.
3. bet365 Masters Promo Code BOOKIES: Bet $10, Get $365 Win or Lose
The bet365 Sportsbook Bonus Code BOOKIES is the most straightforward Masters betting promo on this page. Bet $10 on any qualifying market. Win or lose, you receive $365 in bonus bets. No daily commitment. No multi-step engagement. One bet unlocks the full bonus.
This is a win-or-lose structure. Your qualifying bet can lose and you still receive the bonus bets. That makes it the lowest-risk promo on this list. The 30-day expiry window gives you flexibility to use bonus bets well beyond the Masters.
bet365 consistently posts the sharpest golf outright and top-finisher odds in the US market. The Edit Bet function and full cash-out feature give you live-wager control that most competitors do not match.
Promo Code: BOOKIES
Must be 21+ to participate (18+ in KY). Gambling problem? Call 1-800-GAMBLER (CO, IL, IA, KY, KS, LA, MD, MO, NC, NJ, OH, PA, TN, VA). Call 1-800-NEXT-STEP (AZ). Call 1-800-9-WITH-IT (IN). CALL 1-877-770-STOP (LA). Must be present in LA (select parishes). Licensee partner Amelia Belle Casino. Minimum $10 deposit required. Minimum odds -500 or greater. Bonus Bets wager excluded from returns. New customers only. T&Cs, time limits and exclusions apply.
bet365 Masters Promo Details
- Promo: Bet $10, Get $365 in Bonus Bets Win or Lose
- Promo code: BOOKIES
- Golf markets: Outrights, top-finisher markets, matchups, futures. Props vary by state.
- App ratings: 4.8/5 App Store
- States: CO, IL, IA, KY, KS, LA, MD, MO, NC, NJ, OH, PA, TN, VA
Why bet365 ranks third: Lowest-risk promo structure. Sharpest outright odds in our testing. 30-day expiry gives maximum flexibility. Edit Bet feature is a real differentiator for live golf betting.
4. Caesars Masters Promo Code BOOKIESDYW: Bet $1, Double Your Winnings 10x
The Caesars Sportsbook Promo Code BOOKIESDYW offer gives new users 10 profit-doubling tokens. Place a qualifying bet of $1 or more. If it wins, your profit is doubled (up to a $25 bonus per wager). You get 10 of these tokens, one per bet.
This is a win-required structure spread across 10 separate wagers. The $25 per-bet cap limits the raw bonus value, but the 10-wager spread makes it well suited to bettors who plan to place multiple bets across all four Masters rounds.
The real value here is the Caesars Rewards ecosystem. Every qualifying wager earns tier credits toward hotel stays, dining credits, and entertainment access across Caesars properties nationwide. No other sportsbook on this page connects your Masters bets to a loyalty program with that kind of real-world redemption.
Promo Code: BOOKIES250BM
Must be 21+ and physically present in AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, NJ, NY, NC, OH, PA, TN, VA, WV, WY or Washington, DC. New users only. Must register using eligible promo code. First wager after registration must qualify. Min. Odds: -500. Max. Bonus Bet: $250. Awarded as non-withdrawable Bonus Bet that expires 14 days after receipt. Bonus Bet amount not returned for winning bets. Void where prohibited. See http://Caesars.com/promos for full terms. Know When To Stop Before You Start®. Gambling Problem? CO, IL, KY, MD, MI, MO, NJ, OH, TN, VA, WV, WY, KS (Affiliated with Kansas Crossing Casino), ME (Licensed through the Mi’kmaq Nation, Penobscot Nation, and Houlton Band of Maliseet Indians, federally recognized tribes located in the State of Maine), NC (Licensed through Tribal Casino Gaming Enterprise), PA (Affiliated with Harrah's Philadelphia): If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit http://mdgamblinghelp.org or WV: visit http://1800gambler.net ; AZ: Call 1-800-NEXT-STEP; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF; LA (Licensed through Horseshoe Bossier City and Caesars New Orleans), Washington, DC (OLG Class A licensed Operator): Call 1-800-522-4700. ©2025, Caesars Entertainment Gambling Problem? Call 1-800-GAMBLER DC, LA: Call 1-800-522-4700 MA: Call 1-800-327-5050 or visit http://gamblinghelplinema.org NY: Call 877-8-HOPENY or text HOPENY (467369)
Caesars Masters Promo Details
- Promo: Bet $1, Double Your Winnings on Your Next 10 Wagers
- Promo code: BOOKIESDYW
- Min deposit: $10
- Golf markets: Outrights, matchups, top-finisher markets, SGP builder, tournament odds boosts
- App ratings: 4.8/5 App Store, 4.0/5 Google Play
- States: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY
Why Caesars ranks fourth: Best rewards program in the industry. The 10-wager structure fits naturally across a four-day tournament. Caesars Rewards tier credits add genuine value beyond the welcome promo.
5. Fanatics Masters Promo: Bet $5, Get $200 in FanCash Instantly
The Fanatics Sportsbook Promo is the simplest offer on this page. Bet $5 on any qualifying market. Win or lose, you receive $200 in FanCash immediately. No code required. No multi-day commitment. One bet, full bonus.
FanCash is redeemable as bonus bets or as merchandise credit at Fanatics.com. That means your Masters promo can fund your next outright bet or buy officially licensed golf gear. No other sportsbook on this list offers that crossover.
21+. New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, OH, PA, TN, VA, VT, WV, or WY (excludes NY). Apply promotion in bet slip and place a $1+ cash wager (min odds -200) daily for 10 consecutive days starting day of account creation. FanCash rewards will equal the qualifying wager amount (max $100 FanCash/day). FanCash issued under this promotion expires at 11:59 p.m. ET 7 days from issuance. Terms, incl. FanCash terms, apply—see Fanatics Sportsbook app. Gambling Problem? Call or Text 1-800-GAMBLER, 1-800-NEXT-STEP (AZ), 1-800-9-WITH-IT (IN), 1-888-532-3500 (VA).
Fanatics Masters Promo Details
- Promo: Bet $5, Get $200 in FanCash Immediately
- Promo code: None required
- Min deposit: $5
- Golf markets: Outrights, matchups, top-finisher markets, SGP builder. Prop and live depth trails FanDuel and DraftKings.
- States: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, OH, PA, TN, VA, VT, WV, WY
Why Fanatics ranks fifth: Lowest qualifying bet on this list ($5). Win-or-lose structure. FanCash-to-merchandise redemption is unique. Ideal for casual golf fans who want to bet the Masters and get something tangible back.
6. theScore Bet Masters Promo Code BOOKIES: $1,000 First Bet Reset
The theScore Bet Promo Code BOOKIES is the highest-ceiling offer on this page. Place your first bet up to $1,000 on any market. If it loses, you receive the full stake back as a bonus bet. That is $1,000 in first-bet protection.
This is a loss-required structure. The bonus only triggers if your first bet loses. If it wins, you keep your winnings and no additional bonus is issued. That makes it a safety net, not a guaranteed payout.
theScore Bet's edge is its content integration. Live scores, breaking news, withdrawal updates, and betting markets sit in a single interface. During a tournament where weather delays and late withdrawals can shift lines in minutes, that integrated workflow has practical value.
Promo Code: BOOKIES
Must be 21+ and present in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, NC, OH, TN, or VA. Gambling Problem? Call 1-800-GAMBLER (CO, IL, KS, KY, LA, MD, NC, OH, VA). Call 1-800-NEXT-STEP (AZ). Call 1-800-BETS-OFF (IA). Call 1-800-9-WITH-IT (IN), Call (800)-327-5050 or gamblinghelplinema.org in MA. Call or text REDLINE: 800-889-9789 (TN).
theScore Bet Masters Promo Details
- Promo: $1,000 First Bet Reset
- Promo code: BOOKIES (enter at registration)
- Min deposit: $10
- States: CO, IL, IA, KY, KS, LA, MD, MO, NC, NJ, OH, PA, TN, VA
Why theScore Bet ranks sixth: Highest single-bet protection ceiling ($1,000). Integrated content-to-bet workflow. Best for experienced bettors who want maximum downside protection on a single large outright wager.
How to Claim Your Masters Betting Promo
Sign up at one or more of the best betting apps before Round 1 on Thursday to lock in your promo and act on early outright lines. Each step takes two to three minutes.
- Pick your promo. Review the comparison table above. If you want guaranteed value, choose a win-or-lose offer (bet365, Fanatics). If you want maximum upside, choose BetMGM. If you want ongoing daily engagement, choose FanDuel. Opening two to three accounts for promo stacking is standard practice and fully permitted.
- Register through Bookies.com. Click through from a link on this page. Enter any required promo code during registration, not after. On BetMGM (BOOKIESBG150), bet365 (BOOKIES), Caesars (BOOKIESDYW), and theScore Bet (BOOKIES), the code must be entered at signup for the bonus to apply.
- Deposit. Navigate to the cashier. E-wallets and debit cards process fastest. Minimum deposits range from $5 (FanDuel, Fanatics) to $10 (BetMGM, bet365, Caesars, theScore Bet). Confirm your payment method qualifies for your chosen promo.
- Place your qualifying bet. Navigate to the Golf or Masters section. Choose your market. Outrights, top-finisher bets, and matchups are all live now. Place a bet that meets the promo's minimum and odds requirements.
- Collect and use your bonus. Bonus bets are issued after your qualifying bet settles. Use them on any golf market within the expiry window. Withdraw winnings through the cashier. E-wallets process within 24 hours.
Masters Betting Markets You Can Use Your Bonus On
Your Masters betting promo bonus bets can be placed on any available golf market. Here are the main options. For current lines, visit our Golf Odds and Golf Picks pages.
Outrights (To Win the Masters)
Pick one golfer to win the green jacket. With roughly 90 players in the field, even favorites carry long odds. Scheffler opened at +500. Most recent Masters winners fell in the +1,000 to +3,000 range. 10 of the last 12 winners played in two or more previous Masters before winning. Outright bets reward research into Augusta National course fit and current form.
Top 5 / Top 10 / Top 20 Finishes
Lower variance than outrights. A Top 10 bet at +200 pays if your golfer finishes anywhere in the top 10. These markets reward bettors who identify consistent performers. Good use of bonus bets when you want exposure without needing an outright win. bet365 and FanDuel offer the widest range of top-finisher lines.
Head-to-Head Matchups
Two golfers paired against each other. You pick who finishes higher, regardless of overall leaderboard position. This market isolates direct skill comparison and removes the variance of a 90-player field. BetMGM and DraftKings offer the deepest matchup menus.
Round Leaders and First-Round Leader
Bet on who leads after any individual round. First-round leader is the most popular variant. This market rewards bettors who track Thursday form and tee-time advantages. Augusta National plays differently in the morning versus the afternoon due to wind and pin placements.
Player Props
Individual performance markets for birdies, bogeys, hole scores, total strokes, and make/miss cut. DraftKings leads on prop depth. Player props are restricted by regulation in several states.
Futures
Masters futures markets open months in advance. Odds are longest and often most valuable early. The window between the field being set and Thursday's first tee shot is the most value-rich period for tournament futures.
What Makes a Good Masters Betting Promo?
There are four types of welcome promo structures across the six featured sportsbooks. Understanding the differences helps you choose the right offer for your betting style.
Win-or-Lose (bet365, Fanatics)
Your qualifying bet can win or lose. Either way, you receive the bonus. This is the lowest-risk structure. You get guaranteed value regardless of outcome. Best for bettors who want certainty.
Win-Required (BetMGM)
Your qualifying bet must win for the bonus to trigger. Higher upside (you keep your winnings plus the bonus), but lower certainty. Best for bettors willing to accept some risk for a larger combined payout.
First-Bet Insurance (theScore Bet)
The bonus only triggers if your first bet loses. If it wins, no additional bonus is issued. This is a safety net. Best for bettors who want to take a swing on a longer-odds outright with downside protection.
Daily Token (FanDuel)
You receive a daily token (No Sweat Bet) for a set number of days. Use it or lose it each day. This structure rewards consistent engagement across the tournament week. Best for bettors who plan to place at least one bet per day during all four rounds.
Profit Boost (Caesars)
Your winnings are doubled on qualifying bets, up to a per-bet cap. Spread across 10 wagers. Best for bettors who plan to place multiple smaller bets across the tournament rather than one large wager.
Is It Legal to Claim Masters Betting Promos?
Yes. Online sports betting on the Masters is fully legal in more than 30 US states and Washington DC. Every sportsbook on this page holds a valid gaming license in each state where it operates. Claiming one welcome bonus per sportsbook brand as a new user is standard practice and fully permitted. You can register at all six sites and claim each offer. For a full state-by-state breakdown, see our legal sports betting sites in the US guide.
Responsible Gambling
Betting on the Masters should add to your enjoyment of the tournament. It should not become a source of financial stress. Set a deposit limit inside your sportsbook before placing your first wager. Every licensed site on this page is legally required to offer this feature.
If at any point your betting feels like a concern, free and confidential support is available 24/7 by calling or texting 1-800-GAMBLER. Self-exclusion tools, budget trackers, and state-specific helplines are available through the National Council on Problem Gambling at ncpgambling.org.
Best Masters Betting Promos 2026 FAQs
What is the best Masters betting promo for 2026?
BetMGM's Bet $10, Get $150 offer (code BOOKIESBG150) ranks first overall because it combines strong promo value with the deepest golf product. For guaranteed value regardless of outcome, bet365's Bet $10, Get $365 Win or Lose (code BOOKIES) is the lowest-risk choice.
Can I claim Masters betting promos at more than one sportsbook?
Which Masters promo code gives the most bonus value?
What Masters betting markets can I use bonus bets on?
When is the deadline to claim a Masters betting promo?
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