You may or may not have already learned that future bets are wagers placed far in advance of a sporting event after reading our Overview of Sports Gambling Bet Types. The basics are all there, so the purpose of this article is to explain why futures offer such strong value and give tips on improving your chances to win when betting futures.
The main advantage of futures is that you can get appealing odds by betting when oddsmakers first release them or well before an event is decided. For example, placing a future wager on the Kentucky Derby a month ahead of time can get you a much better price on a horse than betting much closer to the race when the real contenders are revealed for all to see. Future odds are not set and can be adjusted by sportsbooks periodically, but the odds at the time of your wager are the odds you are locked into.
A futures bet example with major team sports would be NFL futures, where you often can get much higher odds on a team by betting before the season starts. An NFL future bet on a team to win the Super Bowl might be 20/1 in the preseason, but by midseason, those odds might decrease to 10/1 if the team turns out to be a legitimate championship contender.
It’s important to note that sportsbooks can change futures at any time, and they are available to be bet all the way until the event gets underway. Future bets are also not restricted to the championship game, as you can bet on who will win a conference or division too.
Future bets in NFL and college football, NBA and college basketball and MLB baseball are team-oriented in that you bet on the team’s performance while proposition bets on non-team future events that involve individuals like boxing, tennis, golf and NASCAR are also available. Keep in mind that with futures you are always betting that the event will happen, on whether the team will accomplish something such as a championship and not against their chances of doing so. For example, if Duke is 5/1 to win the NCAA Basketball Championship, you can bet $100 on Duke and will win $500 if they win it all – but with standard future betting you cannot bet against Duke winning it all.
Tips to Win