Who will win the 2027 Masters? Here are the live odds for every golfer from Kalshi, where each price is the cost of a share that pays $1 if that player wins the green jacket. The tournament is played April 8–11, 2027 at Augusta National Golf Club in Augusta, Georgia.
2027 Masters odds
Live odds · Kalshi
2027 Masters champion: live odds
Latest price of each outcome, read as a chance. Updated every few minutes.
Golf futures are long-shot markets by nature. Months before the event, even the favourite trades at a low price, because a field of roughly ninety players has to be beaten over four rounds. Prices for everyone else are spread thin.
How to read golf futures
| Share price | Implied chance | American odds | Decimal odds |
|---|---|---|---|
| 20¢ | 20% | +400 | 5.00 |
| 10¢ | 10% | +900 | 10.00 |
| 5¢ | 5% | +1900 | 20.00 |
| 2¢ | 2% | +4900 | 50.00 |
At the long-shot end, a single cent is a big difference: 1¢ and 2¢ are +9900 and +4900. Prices that low also carry a wide gap between the best buy and sell price, so check the order book before you trade. The odds converter handles any price.
What moves Masters odds
- Form in the spring. Results on the PGA Tour from January to March, especially in the weeks just before Augusta, move prices most.
- Course history. Augusta rewards experience on its fast, sloping greens, and traders pay up for players who have contended there before.
- Health and withdrawals. Under Kalshi’s rules, a golfer who withdraws or doesn’t tee off has their winner contract settle at No.
- The live leaderboard. Once the tournament starts, prices swing shot by shot. A three-shot lead after 54 holes can still be far from certain.
How this market settles
Kalshi settles “Yes” for the golfer who wins the Masters Tournament. If a player forfeits, withdraws or doesn’t participate before teeing off, their tournament-winner contract resolves to No. Kalshi notes it is not affiliated with Augusta National or the PGA. Rules as published on the market, checked October 2026.
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