Discover new ways to boost your winning potential with futures betting on Esports and other traditional sports games. Know how betting on futures works and learn the tips, advantages, and types of futures bets with our basic how-to guide on the futures sports bet. Let’s get right into it!
What is Futures Betting?
As the name indicates, futures betting is betting on sports events that are most likely to occur in the near future. In contrast to regular sports bets, where you bet during the match, futures betting enables punters to bet on who will be the overall winner of the overall tournament rather than one match.
These wagers are only be settled by long-term outcomes that are typically determined at the conclusion of a tournament.
Here’s How to Place Futures Bets
Unlike the traditional form of betting, futures betting odds are being offered in advance so players can place them before the particular sports event they wish to bet on. The only downside to this sports bet is that once you already placed them, you can’t alter them anymore in sportsbooks.
Types of Futures Bets
Just like the other forms of sports betting, futures bets have plenty of types to choose from. The name of futures bet types varies on the particular sports event you are betting on like the NBA, NFL, or Champions League. However, these types can only be reduced to the following formats.
Overall Tournament Winner
The most popular form of futures bet is foretelling which player will be the championship winner of the season or series. Depending on the sporting event you’d like to bet on futures odds exist that are related to betting on the championship title winner.
For example, in a football tournament like the English Premier League, the futures bet for this is called an Outright Winner. For horse race events like the Kentucky Derby, odds for the Kentucky Derby Race Winner.
MVP of the Competition
Aside from the futures sports bet that involve teams, there are also futures odds that are available for individual players. Most of these odds involve players who made a significant performance in the tournament or achieved a certain feat.
In the NBA, futures odds are being offered like the MVP of the Season or Conference/Division Winner. As for the NFL, odds like the Defensive of the Year are being offered on most sportsbooks.
Team with The Most Goals
For association football events like the Champions League or the FIFA World Cup, futures odds like the Team with the Most Goals are also a staple.
Tips on Futures Betting
Before you jump on futures betting, you should learn a thing or two about futures betting strategy. If you are still a novice in sports betting, we highly suggest that you skip the futures bet and stick to traditional bets instead. That being said, if you think you are ready, here are the basic tips on the futures sports bet.
Do Your Research
Futures bets are usually offered in advance on sportsbooks, so it makes sense that you should equip yourself with essential information regarding the upcoming season. Study the previous season’s ranking of the team you wish to bet on, get acquainted with the current roster of players, and keep yourself abreast of the latest club news for transfers and injuries.
Always Bet on Underdogs
In most team sports like football and basketball, odds for markets that are being offered involve wagering on either the favorite or the underdog of the match. For most bookmakers, the favorites typically offer bigger chances of winning at low payouts. In contrast, the underdogs offer huge payouts but with a low probability of winning.
We suggest that you always back the underdog team in sportsbooks because they are usually offering huge amounts of returns.
Vary Your Bets
Different sportsbooks usually offer various odds on the same sports event. If you have the budget to place your wager on multiple sportsbooks, do so with caution. Not only it could boost your chances of walking away with decent payouts, but you can also improve your wagering skills.
Final Words on Futures Bets
And that’s a wrap on our quick guide to futures betting. Now that you #KnowTheGame, apply these tips and knowledge over at 12BET! Who knows? Your next win could be just one bet away in the future.