The 8 Best 2024 Masters Betting Promos, Welcome Offers & Sign-Up Bonuses

If you're looking to score a payout on golf's biggest event, the 2024 Masters, you can seize the opportunity to snag multiple online sports betting promotions by registering with a leading online sportsbooks this week. These promotions provide a range of different offer styles, such as bet/gets, first bet insurance, and deposit matches.

Before you use these promos on the Masters, check the golf odds board to browse prices. I'll explain each promo below and how you can use bonus value this week.

The Best 2024 Masters Online Sports Betting Promos

bet365: $1K First Bet or Instant $150 Bonus

• Bonus Code: TOPACTION
• Offer #1: Get a First Bet Safety Net up to $1,000 in Bonus Bets
• Offer #2: Bet $5+, Get $150 in Bonus Bets
• Available States: AZ, CO, IA, IN, KY, LA, NC, NJ, OH, VA

With the bet365 bonus codeTOPACTION, you'll be presented with two welcome offers: a $1K first-bet safety net and a $150 bet/get.

You can redeem either offer using the same bonus code, you can only choose one on a landing page during registration. In order to be eligible, simply make a minimum deposit of $10 and place your first bet with odds of -500 or longer.

A first bet safety net works as insurance. So whatever amount you initially place will be reimbursed in bonus bets if it loses. If it wins, you will get your expected payout in cash.

We suggest betting your bankroll on this one bet because it maximizes the value in either scenario. Our golf staff suggested Cameron Davis to place in the top 10 at +1400. I know it seems crazy, but if you had the bandwidth to place the max amount of $1K on this, you would get either $14,100 as a cash payout or $1K back in bonus bets.

A bet/get doesn't call for the same bet size because it is simply activating a flat rate value. In this case, it's $150 back. So with that same Cameron Davis example, you would see $150 whether he does or doesn't place in the top 10 in the Masters.

FanDuel: Bet $5, Get $200

• Promo Code: None
• Offer: Bet $5, Get $200 in Bonus Bets if Your First Bet Wins
• Available States: AZ, CO, CT, IL, TN, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, OH, PA, VA, VT, WV, WY

FanDuel's bet/get is a little different because you need to win in order to get the bonus value. We advise you go with a heavy favorite since there is no odds requirement.

I would bet Scottie Scheffler to place in the top 20 at -500 with this.

BetMGM: 20% Match

• Bonus Code: TOPTAN1600
• Offer: Get a 20% Deposit Match up to $1,600 in Sports Bonus
• Available States: AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, OH, PA, TN, VA, WV, WY

The BetMGM bonus codeTOPTAN1600 is a 20% deposit match of up to $1.6K in bonus bets. It comes with a 10x rollover, sifor every $1 in bonuses you're looking to claim, you must wager through $10 to unlock them.

OK, suppose you deposit $2K at BetMGM: Because of the 20% match, you would receive $400 in bonus bets. With the 10x rollover, you must bet through $4K to receive the bonus.

Not sure how to handle your Masters pool? We did a comprehensive pool strategy breakdown on this year's tournament in how you should pick players to find leverage.

BetMGM: $1.5K First Bet

• Bonus Code: TOPACTION
• Offer: Get up to $1,500 Back in Bonus Bets if Your First Bet Doesn't Win
• Available States: AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, OH, PA, TN, VA, WV, WY

If you're not interested in the deposit match, you can alternatively use the BetMGM bonus codeTOPACTION to unlock a $1.5K first-bet insurance promo. This works exactly the same as the bet365 first bet safety net, except you can get $500 more in value.

There are plenty of storylines to bet in this year's Masters from Scottie Sheffler's putting to Rory McIlroy getting the monkey off his back. We denoted all the top narratives to watch for when putting together your bets.

Caesars Sportsbook: $1K First Bet

• Promo Code: ACTION41000
• Offer: Get up to $1,000 Back in Bonus Bets if Your First Bet Doesn't Win
• Available States: AZ, CO, MA, IL, IN, IA, KS, KY, LA, MD, ME, MI, NJ, NY, OH, PA, TN, VA, WV, WY

The Caesars Sportsbook promo codeACTION41000 is also $1K first bet insurance. You are refunded in bonus bets if you lose, but the difference is you get one bonus bet.

So if I place $1K, lose, and get $1K in bonus bets back, I must place the $1K altogether.

Tiger Woods holds the longest odds for the Masters in his career. He's available as high as 150-1, which is a vast jump from 2023's 50-1 price. We broke down the optimal ways to approach betting on Tiger at Augusta in 2024.

ESPN BET: $150 Return Value

• Promo Code: ACTNEWS
• Offer: Make Any Bet, Get $150 in Bonus Bets – Guaranteed
• Available States: AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, OH, PA, TN, VA, WV

ESPN BET offers a bet/get for $150 in bonus bets when you place your first bet for any amount by signing up with the ESPN BET promo codeACTNEWS.

We think Will Zalatoris is a worthwhile outright bet. Despite recent underwhelming results, his ball-striking remains strong, and he has a track record of putting success at upcoming events.

DraftKings: Bet $5, Get $150

• Promo Code: None
• Offer: Bet $5, Get $150 in Bonus Bets – Instantly
• Available States: AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NJ, NY, OH, PA, TN, VA, VT, WY, WV

There is no actual promo code to use at DraftKings, but the offer is a first bet of $5+ in exchange for $150 in bonus bets.

Fanatics Sportsbook: Up to $1K Bet Match

• Promo Code: None
• Offer: Bet and Get up to $1,000 in Bonus Bets
• Available States: AZ, CO, CT, IA, IL, IN, KS, KY, MD, MA, MI, NC, NY, OH, PA, TN, VT, VA, WV

If you sign up for Fanatics Sportsbook in any of its 19 live states, you can get up to $1K in bonus bets during your first ten days. They'll match your first bet up to $100 each day, so if you bet $50 every day, you'll get $500 in bonus bets.

If you miss a day of the 10, you will lose out on that potential $100 in bonus bets. Also, remember to opt into the promo each day otherwise you won't see the value.

It's a bit different than other bet/gets, but it's a good deal if you use it to the max.

Looking for longshots to target? One of the guys we like is former Masters champion, Patrick Reed. He's got strong short game and driving accuracy, which presents enticing odds in tandem with a a history of success at Augusta National.