Futures Bets: Make the Best Calls
As the name suggests, futures bets allow you to wager on who wins an upcoming championship or title, long before teams have been determined. You can also make futures bets regarding individual player awards, like Major League Baseball’s MVP awards. Futures bets force bettors to think long-term when they’re laying down sports bets.
How to Bet on Future League Champions
Futures bets can be highly lucrative. Underdogs are typically given a minimal chance of winning, with a massive payout attached to them. Remember when Leicester City F.C. won the Premier League? This fan certainly does!
Betting on playoffs or championships is an undoubtedly the most popular form of futures betting, even though these futures don’t open until playoff or championship seeding has officially been determined.
These types of playoff bets are available for every major sport, including the NFL, NBA, MLB, and the NHL.
Here’s what a sample futures line might look like:
Futures Bets: Player Awards and Outcomes
Even if the NFL season has yet to kickoff, you can already bet on who will win the Super Bowl, as well as who will win NFL MVP, Offensive Rookie of the Year, Defensive Rookie of the Year, and much more.
The bigger and more popular the sport, the more player awards and outcomes futures bets are made available to bettors.
What’s great about futures is that some sportsbooks allow you to also accept a “FIELD” option.
What’s great about futures is that some sportsbooks allow you to also accept a “FIELD” option. This refers to selecting a candidate for an award that is not among the listed options. This way, if you believe a player will win an award who isn’t listed, you can select the “FIELD” option.
One type of futures bet you might also see is a futures bet on who, between two big name players who were traded for each other, will have a greater point total at the conclusion of the season. For example, when PK Subban was traded to The Nashville Predators in exchange for Shea Weber, there was a futures bet as to which player would have a greater point total at the conclusion of the 2016-2017 season.
Futures Bets: Team Win Totals
Many sportsbooks allow you bet on the over/under of a team’s prospective win totals for the following season. These will often come with a “hook” to avoid the possibility of a push, technically referred to as season props. The odds sportsbooks offer will vary as information about specific teams comes to light.
For example, on July 1st, 2017, bookmakers determined that the odds of the Penguins winning over 38 games would likely be low, and set it around -110. However, if Crosby and Malkin (or other key players like Matt Murray or Kris Letang) suffered season-ending injuries in pre-season training, the odds would shoot up, likely somewhere around +400.
It’s always smart to exercise caution when placing your futures bets. Your money is tied up until the conclusion of the season, and your bet is locked in at the odds you placed it at. A lot can change over the course of a season!