1) Floral odors play an important role in attracting insect pollinators. Because pollinators visit flowers to obtain pollen and nectar rewards, they should prefer floral odor profiles associated with the highest-rewarding flowers (honest signals). In previous work, bumble bees exhibited a preference for flowers from outbred over inbred Mimulus guttatus plants. Pollen is the only floral reward in M. guttatus, and pollen viability (a reliable indicator of protein content) is reduced in inbred plants. Yet, differences in pollen viability did not explain the observed preferences. 2) In this study we examined the floral volatile profiles of inbred and outbred M. guttatus to identify inbreeding effects and associations between volatile compounds and the number of viable pollen grains per flower, designated ‘PRQ’ (pollen reward quality). We also conducted pairwise choice tests with Bombus impatiens to evaluate the ability of bees to discriminate between odors of rewarding and nonrewarding flowers and to determine whether bumble bee preferences are explained by differences in the floral odors of inbred and outbred plants. 3) Inbred plants exhibited reduced emission of β-trans-bergamotene, the second-most abundant compound in the volatile blend of outbred plants. Furthermore, pollen and fertile anthers emitted nonadecane. Six other compounds in the floral blend were positively correlated with PRQ. There was no overlap between compounds affected by inbreeding and compounds associated with PRQ. 4) Even when given prior experience foraging on M. guttatus, bumble bees did not distinguish between the floral odors of rewarding and non-rewarding outbred plants. However, they preferred floral odors from non-rewarding outbred plants over rewarding inbred plants. Bumble bees without prior experience of flowers preferred volatile blends with higher versus lower amounts of β-trans-bergamotene. 5) Taken together, these results suggest that the volatile emissions of M. guttatus provide reliable indicators of pollen rewards (potential honest signals), but that the preference of bumble bees for outbred plants is not driven by these cues but rather by a sensory bias for β-trans-bergamotene. This may represent a subtle form of deceit-pollination that allows plants to attract pollinators while minimizing investment in costly rewards.