Learn the basics of futures betting and how futures odds work and the potential payouts. Plus get some basic strategy, including how to hedge your bets!
You can make futures bets at all online sportsbooks and casinos. Odds and options vary book to book, so shop around for the futures bet you want to make.Futures betting continues to grow in popularity, especially among casual bettors. Here are some of the advantages of betting into futures markets: Many futures bets can be placed throughout the season, so you're not limited as to when you can get bets down.
There’s a huge house advantage for sportsbooks with futures odds, as only one result is graded as the winner. For example, the Super Bowl winner is a 1-in-32 proposition before calculating for team strength and other factors. Futures bets have more factors influencing the outcome throughout the period of the bet, such as injuries, trades, and the success of other teams.“Buying low” when talented teams or players aren’t playing up to their expected potential, most notably early into the season.There is often an overreaction to those struggles, forcing their futures odds to move and present a higher payout.
For example, the Kansas City Chiefs had +1,200 odds to win the 2020 Super Bowl after losing four of six games between Week 5 and Week 10 of the NFL season. If a bettor placed a $100 bet on Kansas City at those odds, they were in line to win $1,200 if the Chiefs won the Super Bowl.
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