Jimmy Demaret won at 283 (−5) and became the first three-time Masters champion, with previous wins in 1940 and 1947.

[2][3] Third round leader Jim Ferrier, a naturalized American originally from Australia, bogeyed five of the final six holes for 75 (+3) and was two strokes back as runner-up.

Ben Hogan played in his first major since his near-fatal automobile accident in early 1949.

With the favorable turnout, host Bobby Jones increased the original purse of $10,000 to $12,000.

[3] Jimmy Demaret (7,9,12), Claude Harmon (9,10), Herman Keiser (9), Byron Nelson (2,6,9), Henry Picard (6,9), Gene Sarazen (2,4,6), Horton Smith (9,10), Sam Snead (4,6,7,9.10,12) Billy Burke, Johnny Farrell, Ben Hogan (6,7), Lawson Little (3,5,9), Lloyd Mangrum (7,9,10,12), Cary Middlecoff (9,10), Lew Worsham (9) Dick Chapman (8,a), Charles Coe (9,11,a), Skee Riegel (8,10) Denny Shute (6) Frank Stranahan (8,9,a), Robert Sweeny Jr. (a) Jim Ferrier (9,10,12), Vic Ghezzi, Bob Hamilton (7,9) Skip Alexander, Chick Harbert (10), Dutch Harrison (9), Clayton Heafner (9,10,12), Johnny Palmer (9,10,12) Tommy Barnes (a), Chuck Kocsis (a), Jim McHale Jr. (a) Herman Barron, Johnny Bulla (10), Pete Cooper (10), Leland Gibson, Joe Kirkwood Jr., Toney Penna, Jim Turnesa (10) Al Brosch, Dave Douglas, Fred Haas, Jack Isaacs, Les Kennedy, Eric Monti, Herschel Spears, Harry Todd, Gene Webb, Buck White Julius Boros, William C. Campbell (a), Rufus King (a), Harold Paddock Jr. (a), Frank Strafaci (a) Ray Wade Hill, Henry Williams Jr. Harvie Ward (a) Jack Burke Jr. George Fazio, Henry Ransom Fred Moseley (a) Ed Dudley Roberto De Vicenzo, Tony Holguin (9), Norman Von Nida Thursday, April 6, 1950 Source:[6] Friday, April 7, 1950 Source:[7] Saturday, April 8, 1950 Source:[5] Sunday, April 9, 1950 Sources:[8][9] Cumulative tournament scores, relative to par Source:[2]