Home Betting Guides What are Betting Futures?

What are Betting Futures?

Wagering on a team to win or lose a game is clearly the most popular type of bet out there, but Futures Betting is just right behind. To understand Futures Markets, let’s explain in this way: it is a wager on which team will win a competition. That could be, for instance, the Super Bowl, the World Series, the NBA, the Soccer World Cup and so on. So when you wager on Futures Market you are predicting who is going to win the whole competition.

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One main issue with Futures Bet is that you have to wait long to determine whether you were right or wrong. It is a long-term commitment as Futures Markets usually open up after the end of the previous season and sometimes even before the current campaign is over.

For instance, a better could place a $10 bet on Tampa Bay Buccaneers to win the Lombardi Trophy in mid-February, and the bet will be live until the Super Bowl is played. If Tampa Bay wins the Super Bowl, then the sports betting site will pay you at the odds available when you placed the bet, while if another team is crowned Super Bowl Champions, you will lose the original $10 stake.

Another critical thing to remember is that Futures Odds will move as the competition goes on. Team’s wins, losses, injuries, trades will directly influence the market, but you will always be paid out at the odds that were available when you placed your wager.

What are the Potential Upside and Downside of Futures Bets?

All bettors have different tastes, and surely future bets aren’t for everyone. As mentioned above, futures bets allow a bettor to predict who will win a season-long event. On the positive side, this means that the bankroll will last longer time compared with a single regular wager. On the negative side, futures edge sometimes have a larger house edge as sports betting sites cover themselves from the uncertainty of a long-term bet. For instance, when placing a wager on a single game the bettor might have to overcome a 4.5% house edge. Futures bets do work differently as the house edge will vary depending on the tournament and the sports betting site and could be as high as 20% or even 25%. So before placing future wagers, it is crucial to do some maths and understand if there is value in placing the bet.

Another downside is that part of your gambling bankroll will be tied up for the whole season, so you won’t be able to use it to place other bets in the meantime. Of course, if you prefer weekly action, then future bets are not for you, but if you do sport some good value in long term opportunities and don’t mind ‘freezing’ part of your bankroll to wait for the outcome, then they can surely be considered.

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John was born and raised in London, John has always been in love with American sports. He started to write football articles back in 2006 on his own blog and has also worked for several newspapers. John other passion was betting and has worked as a trader for several top sports book in the UK. As sports trader and has joined leading UK betting tipping site BettingTips4You in 2013 and he is now head of content. He has a great passion for US Sports so hasn't wasted the opportunity to write also for NewJerseySafeBetting, now that online sportsbetting has been legalized in the state.