What are Betting Futures?
Betting on a team to win or lose a game is arguably the simplest bet to place but Futures Betting would be right behind. A bet on a Futures Market is to put it succinctly - a bet on who is going to win a competition - whether that be the Super Bowl, the World Series, the World Cup. When you bet on a Futures Market, you are betting on who is going to win the whole thing.
One of the pitfalls of a Futures Bet is it is often a long-term commitment. Futures Markets often open up right after the end of a previous season. Odds on who will win the next Super Bowl will often be available before all the confetti has been swept away.
Therefore a bettor could place a $10 bet on the Jacksonville Jaguars to lift the Lombardi Trophy at +50000 in mid-February. That bet will be live until the final play of the Super Bowl. Should the Jaguars win then they’ll be a $5010.00 payout but if the Jaguars fail to be crowned Super Bowl Champions then the Sportsbook will retain the original $10 bet.
Another key to remember is that Futures Odds will change as the competition goes on. They’ll change due to wins, losses, trades, injuries, all manner of reasons but you’ll always get the odds of the market when you placed your bet.
Examples of popular Futures Markets in the NFL include:
Super Bowl Winner
Win Totals for Each Team
Offensive Player of the Year
Defensive Player of the Year
Rookie of the Year
Will a specific team reach the playoffs - Yes/No