Futures betting may represent the ultimate test for ambitious punters who think theyâve got in early on a prediction that could, if correct, land them big returns. And if not, itâs also one of the most entertaining ways to bet.
Whether youâre utilizing a complex futures betting strategy or youâre just shooting for the stars early on in a tournament to create threads of interest throughout, this really represents what online betting should be about. The ability to bet on (almost) anything you can imagine, in a way that improves your enjoyment of all your favorite sports, win or lose.
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What is a Futures Bet?: The basics of Futures Betting
The fundamentals of futures could hardly be simpler. So, what is a future bet?
Itâs where you place a wager on events or outcomes that will occur significantly in the future. Other than that, there arenât really many limits on what sports futures betting can be.
In fact, some donât even need to be based on a sporting event at all. So long as itâs not imminent, it can be counted among the enormous potential number of markets under the umbrella of futures markets.
Tournament sports betting futures
What is betting on futures? While its scope is greater, for most people, it will come down to betting on major sports tournaments.
This could be for the winner of the Super Bowl, the World Series, Premier League, World Cup, Wimbledon, NBA Championship and so on. Futures betting can also be for smaller tournaments, such as La Liga 2, Minor League Baseball, and the minor professional golf tours.
It doesnât even need to be the ultimate winner of the tournament to count towards futures sports betting. For instance, thereâs futures on who will win the Eastern and Western Conference in the NBA, or the top of the group stages in the World Cup. As long as itâs the culmination of a sports betting series, it can count.
Of course, the scope of whatâs available does depend on the site, so only consider the
best sportsbooks in the US.
Player futures sports betting
The ultimate winner of a tournament is far from the only thing that matters, nor is it the only variable you can bet on with futures betting.
Those great clashes are made up of players and thereâs plenty of fantastic individual players for you to enjoy. Thereâs often yearly MVP awards across top sporting leagues in all kinds of disciplines, for instance, that you can back.
Each sport also has its own individual awards at the end of a season. Take Major League Baseball as an example. You can back who will have the most runs, home-runs, or even be awarded the Gold Glove.
Basketball fans can bet on lead scorers, most rebounds, or assists.
Soccer fans can wager on future transfer windows and awards specific to tournaments, such as the Golden Glove (the best goalkeeper in the World Cup).
What is a future bet? Itâs far beyond which team wins a tournament, thatâs for sure. Any major future sporting accolade, including individual ones, can count.
Alternative futures betting
Futures betting isnât even restricted to sports. Bookmakers often offer alternative and special markets on other non-sporting events â and theyâre very often based on current affairs or media.
For instance, you could bet on who will be the next US president, the next James Bond, or who will win that yearâs season of Dancing with the Stars. Again, all you need to know when you ask what is a futures bet â and the only key restriction â is the need for it to be some reasonable way into the future, typically the culmination of a major event or achievement.
Can You Parlay Futures?
Typically, parlay betting takes place on a single event or immediately upcoming sporting events â but not necessarily.
You could, for instance, place a parlay bet on an athlete to win a series of golf tournaments, or tennis championships, or on a team across several major events like the SuperBowl, NBA Championship, and World Series.
Just because parlays arenât most closely associated with futures betting, that doesnât mean itâs not possible. So, can you parlay futures? If youâve got the right markets in mind, thereâs nothing stopping you.
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Types of Futures Bet
What distinguishes the availability of futures bets and other kinds, is time. So, for instance, the winner of a championship in the future counts, while prop bets would not because theyâre made in the moment.
To help make this distinction more clear, hereâs a table of examples:
Types of wagers that can count as futures bets
Types of wagers that cannot count as futures bets
Championship winner (SuperBowl winner, World Cup winner, NBA Finals winner)
In-game bets
Winner of season-long awards (MVP, Rookie of the Year, Golden Boot)
Prop bets
Season performance (most goals, most assists, Golden Glove award)
Player performance in a single game
Winner of a reality TV show
Race/match results
Sports Futures Betting Odds Strategy
If you understand how odds work generally, you largely wonât need
odds explained
here. They remain a reflection of probability and your potential returns â available in decimal, fractional, and American odds formats.
And they are a key part of any betting strategy.
For starters, youâll want to ensure youâre only utilizing the finest betting sites â think bet365, BetMGM, and Caesars as a few top examples of futures betting.
And just as important for sports futures betting is that youâll want to bet as early as possible. After all, what is betting on futures? Itâs betting on something happening, as the name suggests, in the future. And the closer you get to that event, the much smaller your odds are likely to become.
For example, if you were to back a team to win a SuperBowl at the start of the season, youâre going to get far greater returns than if you wait until theyâve had some success and have progressed through the season.
Sport Betting Futures: Hedge Betting
You may think that futures are all about one big shot in the dark â the chance to win big on long odds, often without having to wager that much. And it can be that, but itâs also one of the best uses of hedge betting out there.
This is where you back more than one potential winner of a market, thereby reducing your risk and improving your chances of winning. And for many, this will be the most satisfying futures betting strategy, especially in a tournament.
Thereâs usually lots of potential winners. So, not only does placing multiple bets improve your chances of netting a big return, but it can also provide threads of interest throughout lengthy contests, keeping you more entertained through more encounters.
And if you bet early, the odds are usually still well worth your while, even with more than one stake.
How to Bet on Futures
The practicalities of futures betting are very simple and not at all unfamiliar if youâve had any sort of previous experience betting online. The following five steps should be all you need to know for the overwhelming majority of bookmakers:
1- Consider big future events youâre interested in
First of all, youâll need to find an event you want to bet on. It makes most sense to choose something youâre personally interested in because watching can only improve your futures betting strategy. If youâre not sure whatâs available, simply take a look around at your favorite bookmakers and see whatâs on offer.
2- Take a look at the available markets
Ok, once youâve found an event that works for you, itâs time to check out the markets. Again, this is simply a case of seeing whatâs available and considering what you think is most likely to make a successful wager.
3- Take the odds probability into consideration
The good thing about futures betting is that the odds can often be decent, even for favorites. Nonetheless, itâs important to understand both your potential returns and odds probability.
You can find potential returns simply by putting your stake into the bet slip (no need to confirm yet) and seeing whatâs offered.
Implied probability can be found by putting the odds into an online calculator. This converts the odds into a percentage, which tells you how likely the bookmaker thinks that event is to happen. If you think the chances are greater than the percentage, you may have found an excellent futures sports betting opportunity.
4- Shop around for the best odds
Take a few operators known for excellent odds â Unibet, BetRivers, FanDuel and the like â and see whoâs offering the biggest returns. Every cent counts, after all.
5- Sign up, if needed, and make your bet
Now that you have your futures betting market and the finest odds, if you are happy with them, the only thing left to do is sign up (if youâre not already), make a deposit, and place that bet.
Conclusion: Make Having Fun Your Priority
By betting early on big sporting events, or alternative futures markets, sizable returns are certainly possible. However, of course, no bet is guaranteed. But what you can be sure of is that by betting sensibly on sporting events youâre interested in, you can make every game and event a little more interesting, and ensure your futures betting remains safe and fun.
Plus, itâs simple enough for newcomers and deep enough for experts. In other words, this betting type is suitable for sports fans (and beyond) of all kinds.
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FAQs
â What are the different types of futures bet?
The only criteria for a futures bet is that it must be based on an event that occurs sometime in the future beyond your typical market.
So, for instance, beyond a game currently taking place or taking place that day. This means thereâs a broad scope of what could be offered. Most often, futures betting is based on the winners of major sporting tournaments and achievements, and on major cultural events such as the prediction of an election or the conclusion of a major TV series.Â
đ” Can I make multiple futures bets on the same event?
Absolutely. Thereâs nothing stopping you from making as many futures bets as you like on an event.
For instance, letâs say you wanted to back a winner of the FIFA World Cup. You could place a bet on one team to win it, or several in order to create more interest throughout the tournament and to improve your chances of winning. Itâs entirely up to you. In fact, multiple bets are very common and popular in futures betting.Â
đ° Can I utilize promotions with a futures bet?
That entirely depends on the terms and conditions of a specific promotion, but broadly, the answer is yes. There are many general sportsbook promotions which can be used on all kinds of sports betting markets, including futures in most cases.
Also, often in the case of major tournaments, there are specific bonus offers to encourage people to bet on particular futures events and markets.
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