Anyway, back on topic as this thread's been horrendously derailed due to trolling/bashing/etc...
As I said earlier, the Thor Corps just got done putting away Skurge (and a whole host of other rogues), who took it to all three of them before ultimately falling. Loki having the power to blast them all off their feet and trick Bill into defeat before besting Masterson in single combat isn't a low feat. Especially when we see multiple instances of Loki putting up a good fight against Thor more times than Thor easily punking him. And Loki doesn't have his CIS hindering him with the "pretenders" as he does with the real deal; often Loki will have an advantage over Thor, but starts gloating or acting irrationally due to his hatred, causing him to lose in the end.
In this case, he had Masterson dead to rights.