With straight wagers on spreads and totals, the potential returns are often less than your original wager once sportsbooks take out their “vig.” Wagering on moneylines can be even more egregious with minimal payouts compared to your original wager, especially when betting on big favorites. For bets that have bigger rewards and payouts, one should consider futures bets.
What is a Futures Bet?
A futures bet is a wager on something that will likely take days or weeks to come to fruition. As opposed to a bet on a single game that pays out once it goes final, a futures bet may depend on multiple games or an entire season.
There are many examples of futures bets. For the four major sports (NFL, NBA, MLB, NHL), one can always find a futures bet on which team will win that sport’s respective championship. In addition, there are futures bets on what team will win each division or conference, among others.
Are Futures Bets Always Related to Teams?
While all the examples above are team-related, there are also many futures bets relating to players. For example, one can find futures bets on which player will win the MVP award, Rookie of the Year, etc.
Even in non-team sports like golf and tennis, futures bets are always plentiful. Golf tournaments will have futures bets on who will win the tournament. Others futures include whether a player will a player finish in the Top