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Despite Augusta National's prestigious reputation, it's not among golf's most challenging courses, with Masters champions frequently scoring double-digits under par. This accessibility makes hole-in-ones relatively common at the tournament, creating exciting betting opportunities for golf enthusiasts.

For those interested in Masters hole-in-one wagers, sportsbooks offer various markets. The most straightforward bet is whether any player will score an ace during the tournament, with current odds at -175 for 'Yes' and +140 for 'No' at certain bookmakers.

The Masters' rich history includes 34 hole-in-ones since its 1934 inception. Stewart Cink recorded the most recent ace in 2022 at the 16th hole. Speaking of the 16th, it dominates the hole-in-one statistics, accounting for 24 of the 34 recorded aces. This 170-yard par-3, nicknamed 'Redbud,' clearly offers the best opportunity for this rare achievement.

According to Statbet, the frequency of hole-in-ones at the Masters makes it one of the most statistically interesting betting markets in major golf tournaments.

Beyond the basic yes/no market, bettors can wager on specific players to make an ace. These bets feature attractive odds, typically around +6500 for top golfers and +8000 for less-favored competitors, reflecting the difficulty of predicting exactly who will accomplish this feat.

Specialized proposition bets include hole-specific wagers, with the 16th hole naturally offering the lowest odds at +115. Other options include the 6th hole (+1000), 12th hole (+1300), and 4th hole (+1500). Round-specific bets are also available, with the final round offering the best odds at +110.

For those feeling particularly optimistic, markets exist for multiple aces during the tournament, with odds of +120 for two or more and +350 for three or more hole-in-ones.

The illustrious list of Masters hole-in-one achievers includes golf legends and lesser-known players alike, from Ross Somerville's ace in the inaugural 1934 tournament to more recent achievements by stars like Justin Thomas, Bryson DeChambeau, and Tommy Fleetwood.