Futures Betting Explained - What Is Futures Betting?

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futures betting explained what is futures betting

Future bets are the most common bet that could be placed even before the beginning of the season. Markets are usually released months or even years in advance when it comes to futures betting. It offers you an opportunity to predict the champion of the tournament or the league. Through this article, you get information about what a future bet is, an understanding of its odds and working, so continue reading:

What is future betting?

Futures betting is a type of bet that involves predicting the final champion of the tournament, series, or league. Similar to a moneyline bet, but on a larger scale. Futures betting wants you to select a team or player to win the entire competition. It is mostly placed well in advance of the first game and a single market asking you to predict the overall winner also referred to as an outright bet by the bookmakers.

How does the futures bet work?

The step-by-step detailed working of the futures bet is given below.

  • Odds release: future betting odds are posted online by the bookmakers before the season begins, often months or even a year in advance.
  • Betting period: the people who are willing to bet can place the bet throughout the year, with the bookmakers continuously adjusting odds in response to the season results, injuries, trades, and betting activity.
  • Locked-in odds: these are the odds at which you place your future bet and are locked in and remain fixed, regardless of subsequent changes to the odds by sportsbook and season developments such as team performance and injuries, etc.
  • Payout: if your predicted team or player wins the championship, you will receive a payout based on the locked-in odds.
  • How to read the odds of future bets

    Future odds are presented in a list format, ranking options from the highest to the lowest probability of winning. Each entry includes the team or players's name and their corresponding odds.