Anybody with an online sports betting account has probably heard terms like future bet and outright bet before. The truth is that they mean the same thing as they are used to describe wagers on the outcome of an entire competition rather than individual matches or events. For example, in baseball you can bet at the beginning of the season on which team will win the World Series rather than betting that team to win every individual game throughout the season. The term outright bet is used in most parts of the world but the term futures bet is a lot more popular in the United States. Here is a look at futures bets and outright bets in the sports betting world.
Placing Futures Bets
One of the most popular types of futures bet is picking the Super Bowl winner. The odds for all 32 NFL teams are listed at the conclusion of a season with sportsbooks allowing members to place their wagers at that point in time. The moment one Super Bowl ends, most sportsbooks allow their members to bet on the next year’s Super Bowl. Right now the New England Patriots are the sports betting favorite to win the Super Bowl at +600 odds with the Green Bay Packers listed at +1000, Dallas Cowboys listed at +1100, while the Pittsburgh Steelers and Seattle Seahawks at +1200 odds. Meanwhile, the Cleveland Browns and San Francisco 49ers are both listed at+25000 odds to win the Super Bowl as the two biggest underdogs. The same options are available in baseball, hockey and basketball as well as in college and European sports.
The Key To Futures Bets
The key to futures bets is to find value based on your predictions for sporting events. For example, as much as it would be nice to take the Browns at +25000 odds with the prospect of cashing in big it really isn’t likely at all that Cleveland will even come close to making the playoffs so that might be a big waste of money. At the same time, the Patriots are the favorites to win the Super Bowl so the value might not be there betting on them to win it all again. So which teams offer the most value when it comes to Super Bowl futures right now? The New York Giants are listed at +2500 odds if you think Eli Manning can capture his third ring next season. The Arizona Cardinals were among the Super Bowl favorites this past season but they are listed at just +2800 for next season. The Baltimore Ravens seem like perennial playoff contenders and could be a decent value pick at +4000 odds to win it all. The point is that while you ultimately want to pick winners with futures bets you still want to remember the importance of finding value.
Futures bets have become a lot more popular in recent years with more and more casual fans getting involved. There is nothing wrong with betting on futures but you need to keep in mind that in order to find value you will need to take some significant risk. Futures bets can be a lot of fun but you want to do your research in order to give yourself a chance whether you are picking a winner for the Super Bowl, World Series, Stanley Cup or anything in between.