How do futures bets work?
Despite what it might seem at times, sports betting isn’t very complicated, and this is the situation with a futures bet. This type of wager is one of the first types of bets that new bettors place when they are starting off with sports betting. A futures bet is a wager on a tournament, event, series, or award that is set to finish sometime in the future. This is the main difference compared with a bet on a single game, where you will know the outcome of your wager at the end of the game.
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So remember, the result of a future bet is known only when that event or season is finished, and it won’t be known on the day the wager has been placed. The reason why this type of wager is so popular is that many bettors prefer to have a wager that will last for a long time. It means that a gambler has their money placed on multiple games without having to worry about the outcome of the individual games.
What are the most popular futures bets?
Normally, new sports bettors will place futures bets on their favorite team to win a league championship. For instance, a Philadelphia Eagles fan might place a $10 wager on the Eagles to win the Super Bowl at 60-1 odds (+6000). If the Eagles win the Super Bowl, the bettor will take home a nice $600 for a wager that has lasted the whole season right up to the final play of the Super Bowl.
It is not surprising to see that the most popular futures bets are on which team will win the league championship: the Super Bowl, the Stanley Cup, the World Series, and the NBA Finals. Aside from sporting events, futures bets on individual awards are also very trendy in the states where they are allowed. For instance, who will be the NBA MVP? who will be the Super Bowl MVP, and many more.