Futures is a type of bet in which you wager on the outcome of some event that will take place in the somewhat-distant future. There’s no exact definition on how far in the future an event must be for bets on it to qualify as “futures betting” but you could say that if the event doesn’t take place in the next week or so, it’s a futures bet.
Examples of Futures Bets
For example, one of the most common futures bets is the wager on which football team will win the next Super Bowl. At the beginning of the season, all the teams are available to bet on and each team has different odds associated with its chances of actually winning the Super Bowl. The teams that are the most likely to win have smaller payoffs and the teams that are major underdogs have much larger payoffs.
Another popular type of futures bets takes place in the political arena. Sportsbooks offer all sorts of future political bets such as who will be nominated for the election, who will win the Presidency and so on. These bets are a lot of fun for the political junky but they can easily go either way.
Futures bets are similar to prop bets because they can be used to wager on all sorts of random events. Some people like to wager on the winner of this season’s reality TV show, others wager on whether on the stock market and some people even wager on the weather. There’s really no limit to the types of futures bets people can make.
Useful Hints and Tips to Look For
Serious bettors tend to avoid futures because they tie up betting money for so long. During the time a futures bet is resolved, a solid sports bettor could have made many profitable short-term bets. The time value of money is a key issue here for serious bettors.
For casual bettors, though, futures can be a lot of fun. If you have a little extra money laying around and have a hunch on some event in the future, a futures bet can be an exciting thing. If you end up winning the bet, the extra money comes as a nice surprise . If you lose the bet, it’s not a big deal because you put the money towards the bet a long time ago. The main appeal behind futures are big payouts when you win.
On top of that, certain futures bets can pay off handsomely later in the season. For example, if a knowledgeable bettor finds an underrated football team, that bettor can place a wager on that team early in the season and possibly earn a large payout at the end of the season. Large amounts of money have been won in this fashion.
Do Your Research Before Wagering Online
If you take your time and do a little research before placing a futures bet, you can find some great values out there. Different betting sites offer different odds on the same types of bets. A little shopping around will often yield great results.
The main thing to remember about futures betting is to only bet with money you don’t mind losing. Not only is there always a chance that you lose the bet, but you have to remember that your money will be tied up for quite a while. And last, don’t forget to have fun!