Understanding Futures Betting: A Long-Term Sports Betting Strategy
A futures bet is a wager placed on an outcome that will be decided at a later date, typically at the end of a sports season. These bets focus on long-term results rather than individual games.
Key Types of Futures Bets:
- Award Odds
- Betting on season-end awards like MVP, Rookie of the Year, etc.
- Often offers attractive odds due to multiple candidates
- Example: Pre-season Heisman Trophy winner predictions
- Championship Odds
- Betting on teams to win divisions, conferences, or championships
- Odds vary based on team strength and competition level
- More volatile in sports like baseball and hockey
- Generally more predictable in football and basketball
- Player/Team Totals
- Season-long statistical predictions
- Common examples:
- Player statistics (yards, points, etc.)
- Team win totals
- Individual achievements
Advantages of Futures Betting:
- Potentially higher payouts
- Less sharp odds due to lower betting volume
- Season-long entertainment value
Disadvantages:
- Money tied up for extended periods
- More variables affecting outcomes
- Requires patience and bankroll management
Example: A $100 bet on a team with +17500 odds to win the championship would pay out $17,500 if successful.
Key Strategy Tips:
- Research thoroughly before season starts
- Look for value in mid-tier options
- Consider multiple smaller bets instead of one large wager
- Monitor odds movement throughout the season