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Masters Betting Promos, Bonuses, Odds Boosts & Predictions For April 2024

Mark Strotman for Bookies.com

Mark Strotman  | 12 mins

Masters Betting Promos, Bonuses, Odds Boosts & Predictions For April 2024

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The first major of the PGA golf betting season is finally here. It's the second day of the 2023 Masters!

The 2023 Masters will feature the game’s best teeing off today (weather permitting), including a crop of young talent ushering in a new era of golf. The world’s No. 2 golfer, Scottie Scheffler (-4), will seek to defend his green jacket against the likes of Jon Rahm (-7), Rory McIlroy (E), Justin Thomas (-2), Collin Morikawa (-3), and others.

With such a dominant field, there’s plenty of opportunity for sports bettors to place bets and rack up wins while they watch four days of action from Augusta National Golf Club. Online sportsbooks across the country will be providing prospective bettors with elite Masters betting promos that can be redeemed by using specific sportsbook promo codes we’ll mention below. 

Before you place any bets on The Masters, make sure you’ve looked at all the offers available to you so you’re maximizing your sports betting experience—and potential payouts.

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2nd Chance Bet Up To $500

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Best Masters Betting Promos & Bonuses To Get Today

The 2023 Masters starts on Thursday morning and runs through Sunday afternoon, weather permitting.

BetMGM Masters Betting Promo

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The BetMGM Masters betting promo via the BetMGM bonus code BOOKIES is delivering all new players a first-bet bonus up to $1,000. 

You’re a winner either way when you register for a new account: Either you’ll earn cash profit with a victory, or receive five bonus bets in equal 20% denominations of your original wager if it loses (for example, a losing $300 wager would yield five $60 bonus bets). Bettors don’t need to wager the full $1,000, of course, but this is a one-time offer—so really make it count as you’re deciding which golfer to bet on.

For both new and existing customers, grab a $10 bonus bet when you wager at least $20 on the big golf tournament this weekend. Just make sure you opt-in to secure this BetMGM promo.

Up to $1,500 in Bonus Bets if Your First Bet Loses
Promo Code: BOOKIES

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Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate. Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, KY, LA, MD, MS, NC, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in NY, NV, or Puerto Rico.

Caesars Sportsbook Masters Betting Promo

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There isn’t a larger potential dollar amount on the board than there is with the Caesars Sportsbook Masters Betting Promo, which is activated by the Caesars promo code BOOKIESFULL

All players who register for a new account will receive your first bet on Caesars up to $1,250. Just like any form of insurance, you’ll only use it if you need it: Place a real-money wager on any Masters odds and receive a matching bonus bet (up to $1,250) if your bet loses. 

Caesars Sportsbook also routinely has some of the best odds boosts around the biggest golf events of the year, so make sure to check the “Boosts” section of its app or website to see what’s available closer to the opening round in Augusta.

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DraftKings Masters Betting Promo

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Get a massive odds boost when you sign up at DraftKings and bet on the 2023 Masters. When you sign up today, deposit at least $5, and place a bet on the tournament winner, you'll get a +1000 odds boost in your bet slip.

For example, Rory McIlroy at +1200 to win the 2023 Masters becomes +2200 with the DraftKings promo Odds Surge. Your first pre-tournament bet on the Masters winner market is your qualifying wager.

When you complete the sign-up process, you'll be issued the single-use +1000 Odds Surge token to use on your Masters bet.

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SuperBook Masters Betting Promo

Every first bet wins when you’re playing with SuperBook Sportsbook. Their excellent welcome bonus allows players to place a first real-money wager up to $250 and either earn cash profit with a winning bet or receive 100% of your original wager (up to $250) if it loses. 

You’ll receive two bonus bets, each in 50% denominations of your original wager, giving you two chances to recoup your original funds—or simply earn cash profit if that first wager on odds of -200 or greater is successful. Either way, you’re earning something with that first bet at SuperBook.

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WynnBET Sportsbook Masters Betting Promo

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It doesn’t get much simpler than the WynnBET Sportsbook welcome bonus. Simply place a $20 real-money wager on any set of odds -120 or greater and you’ll receive a bonus bet of $100—regardless of your original bet’s outcome. 

Your bonus bet must be wagered on odds of -150 or greater, and while those are some steeper requirements than some of WynnBET’s competitors, many types of golf bets are perfect for reaching those thresholds. Whether it’s winner, top-5, top-10, or something different, you’ll have plenty of options to choose from to take advantage of this offer.

FanDuel Masters Betting Promo

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Guarantees are rare in the sports betting world, but that’s what players will receive when they bet with the FanDuel Masters Betting promo. FanDuel provides new bettors a No Sweat First Bet up to $1,000 (meaning matching site credit back on a loss) or a guaranteed $200 in site credit after placing any $5 real-money wager. 

As is the case with all FanDuel offers, any site credit coming back to players can be divided up and used however players choose. That versatility makes this a no-brainer for players, no matter what the offer is when they sign up.

Bet $5, Get $150 in Bonus Bets

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BetRivers Masters Betting Promo

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Sign up for a new account can get the BetRivers Masters Betting Promo, which is available via the BetRivers promo code BOOKIES. That code unlocks second-chance bet up to $500 ($100 in NY) after registering for a new account. Either you’ll earn cash profit on your first wager, or BetRivers will refund you in the form of a matching bonus bet and a second chance to earn your funds back.

BetRivers is also offering Top 10 Insurance on this year's Masters. Place a real-money wager on the outright winner of the tournament and you'll get your stake back up to $25 if the player doesn't win but finishes in the Top 10.

Finally, bettors who wager at least $10 on an in-play bet during the Masters will get a 50% matched bet up to a $25 bonus bet. This bonus can be claimed once per day through the tournament.

2nd Chance Bet Up To $500

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What is the Best Masters Betting Promo?

The best Masters betting promotion is the one that makes sense for your own betting style. No two bettors are exactly alike—some want to take big risks for big potential payouts, meaning first-bet insurance is the right way to go. Others don’t want to risk much but still want the thrill of getting to place bets for potential payouts, meaning guarantees of free bets cater to their needs. 

It’s why we always recommend that bettors sign up for as many online sportsbooks as they can (there is no limit as long as the operator is legal and licensed in the state you’re betting in). You’ll find a great variety of bonuses and additional features that will help you figure out the types of bets you want to place.

Up to $1,500 in Bonus Bets if Your First Bet Loses
Promo Code: BOOKIES

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Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate. Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, KY, LA, MD, MS, NC, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in NY, NV, or Puerto Rico.

Masters Betting Odds & Masters 2023 Prediction

Rory McIlroy didn’t win a major in 2022 but had one of the best seasons of his professional career. He won three tournaments including the FedEx Cup Championship and finished the year as the world’s No. 1 golfer (he’s now third behind Jon Rahm and Scottie Scheffler). 

Though none of those victories came in majors, it also marked the first time McIlroy had finished in the top-10 in all four (U.S. Open, T-5; PGA Championship, 8; Masters, 2; The Open Championship, 3). He began 2023 with a victory in the Hero Dubai Desert Classic and most recently finished second in the Arnold Palmer Invitational.

What we’re saying is it’s finally Rory’s time. He hasn’t won a major since 2014—which is still hard to believe as we type it—and the green jacket is all that’s standing between him and a career grand slam. The top of the field is playing as good as ever, but McIlroy is part of that elite group. Despite an ugly showing at The Players Championship—76-73—he will bounce back and contend in Georgia this week.

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About the Author

Mark Strotman for Bookies.com
Mark Strotman
Mark is a veteran sports betting journalist who has covered the Bulls and the NBA since 2012. His work has appeared on ESPN.com, FoxSports.com, The Chicago Tribune and Yahoo Sports. He regularly provides NBA betting picks, as well as in-depth sportsbook reviews and the latest promo codes for all the major sports gambling operators, including Caesars Sportsbook, BetMGM, DraftKings, FanDuel and more.