2025 The Masters odds: 'We were just doing backflips constantly'

Sunday afternoon proved to be a wild ride for bettors who got involved with The Masters odds. 

Rest assured, it was equally wild for the sportsbooks.

In-play odds saw crazy fluctuations, as the Rory rollercoaster ride made its way to the green jacket.

"It was basically like gymnastics with numbers — we were just doing backflips constantly," Caesars Sports golf trader Anthony Salleroli said. "Every stroke is weighted so much more in the fourth round, especially late in the round."

Salleroli helped document a nerve-wracking Sunday in the 2025 Masters odds market.

Early Flip-Flop

Rory McIlroy entered Sunday with a two-shot lead and was the -200 favorite to win the Masters. Bryson DeChambeau was the +250 second choice.

But McIlroy’s jaunt to the green jacket got off to an extremely inauspicious start. He double-bogeyed No. 1, dropping into a tie with DeChambeau at 10 under.

Then McIlroy parred No. 2, while DeChambeau got a birdie to take the lead at 11 under. 

All of a sudden, DeChambeau was the short favorite.

"Within two holes, we had a new leader," Salleroli said, noting an immediate rush on in-play odds. "The run on DeChambeau bets was incredible, thinking a Rory collapse was coming, as it has in the past."

Instead, McIlroy quickly steadied the ship with birdies on Nos. 3 and 4, while DeChambeau bogeyed both holes. 

So Rory returned to the favorite at 12 under.

Build Up, Then Blow Up

Birdies on 9 and 10 put McIlroy at 14 under and seemingly in full control. With eight holes left, he had a five-shot lead. His odds stretched to -1000 or beyond. Even at only -1000, it would take a $1,000 bet just to win $100 on Rory ($1,100 total payout).

McIlroy bogeyed No. 11, which didn’t really harm his odds much. But then things