Just five months on from his maiden Masters victory, world number one Dustin Johnson is the 9/1 favourite to go back-to-back at Augusta.
A record-breaking performance last November saw Johnson win only his second major, finishing five strokes clear of both Sungjae Im and Cameron Smith.
Johnson has since managed a win in Saudi Arabia on the European Tour, and even though his last three outings have seen him finish outside the top 20, the American is still deservedly the shortest price this week.
Next in the betting is Bryson Dechambeau, whose Augusta record isn’t particularly impressive but having completely transformed his game, the reigning US Open champion must be respected on every course.
A winner at the Arnold Palmer Invitational in March, Dechambeau is in fine form and you can get 11/1 about the 27-year-old.
Jordan Spieth is the man on everyone’s lips, though, and having won his first tournament since the 2017 Open Championship this past week in Texas, Spieth appears to be back to something close to his best.
The 2015 Masters champion has four other top 10 finishes to his name in 2021, so the Valero Texas Open win was no fluke.
Rounding out the top five in the market are Jon Rahm and Justin Thomas, both of whom are at 12/1 and then there is a big dropoff to the next candidate, who is none other than Rory McIlroy.
McIlroy is at 18/1 with Bet365, which is a bigger price than punters are accustomed to seeing him at for a major. Having finished fifth at Augusta last year, as well as eighth at the US Open, there could be some each-way value on the Northern Irishman, but he is without a win since November 2019.
Brooks Koepka, who, like McIlroy, is a multiple major winner, is at a potentially tempting 28/1, but there are question marks over his knee, which he had surgery on just three weeks ago.
There are a handful of Englishmen in the 40/1-50/1 range, with Paul Casey and Lee Westwood among them. Both have looked in terrific form to start the year, and a major title could be around the corner for one of them.
Tyrrell Hatton, meanwhile, has been moving in the opposite direction. Having been 25/1 for the Masters a month ago, a missed cut at The Players Championship followed by a winless week at the WGC Match Play has seen the world number eight drift to 50/1.
Matthew Fitzpatrick can also be backed at 50s, and Tommy Fleetwood is available at 55/1 with some online betting sites.
Justin Rose (90/1), Matt Wallace (110/1), and Ian Poulter (125/1) are all at long odds, and Danny Willett, the 2016 champion, is a huge outsider at 200/1.
In the top Englishman market, Casey is a slight favourite at 4/1 generally, while Fitzpatrick, Fleetwood, Hatton, and Westwood are all at 5/1.
Amateur golfer, Joe Long, is a massive 150/1 to take down his more experienced compatriots.