What is a futures bet? Futures bets are any bet that is decided over the course of more than one game, event, or match. Usually, the term “futures bet” also suggests that a bet that will be resolved in the distant future or over a significant amount of time.
futures bet examples
Betting on the Green Bay Packers to beat the point spread against the Dallas Cowboys in their NFL game next week would be a single-game bet.
However, betting on the Green Bay Packers to be the next Super Bowl winner would be a futures bet. This is because the Super Bowl is the final game of the NFL’s regular season and so it takes all season to resolve the bet.
It is worth noting that futures odds change over time so picking when you place futures bets makes a big difference to the odds you get. The earlier you bet, the longer odds you are likely to get. The later you place the bet, the more information you have, but the lower the odds are likely to be.
For example, if you place a wager on the New England Patriots to win the Super Bowl you might see current odds of about +3,500 from BetMGM in June with the entire season still to go. Having so many teams in play and so many games to go will result in much better odds than nearer the date of the Super Bowl when there are fewer teams and fewer games to go.
If the New England Patriots make it to the playoffs those odds are likely to drop precipitously and you may only get futures odds of +2,300 on the same Super Bowl bet.
You can also make prop bets that take your wager beyond just betting on your team winning.
More on Futures Betting
Prop bets can be things like like how many three-pointers Zack LaVine is going to make before the NBA finals, how many yards Tom Brady will pass in a season, or the number of overtime minutes during March Madness.
A more casual use of the term “futures bets” can often just mean a bet that has been placed well ahead of the event.
However, when dealing with retail or online sportsbooks, be sure to use the term in the formal sense. This will avoid any confusion.
Top Sportsbook/DFS Picks in All States
On What Sports Can I Make A Futures Bet?
Most sports allow for futures betting of some kind.
Futures bets on soccer, golf, football, basketball, and hockey dominate the U.S. futures betting market. Within these sports, people place futures bets on everything from major events to small tournaments, leagues, and series.
Big horse racing meets like the Kentucky Derby also offer opportunities for futures betting across various events. So too with any sport with long seasons.
Motorsports, grand slam events on the tennis calendar, and even things like the Chess World Championship candidates series all offer a wager on a player or team winning the title game.
If the online sportsbooks aren’t offering sports bettors the futures bet they are looking for, then sports bettors can always contact customer service and see if the site will create the futures markets to wager on.
NFL Futures
Football is the biggest game for futures bets in the U.S. We’ve talked a fair bit about the Super Bowl already, the NFL championship game.
The most basic NFL futures bet in this context take the general form “futures bet on the Kansas City Chiefs to win the Super Bowl.”
However, there are plenty of other angles you can take. You can bet on other outcomes like the AFC championship, or on how many games your favorite team will win in the regular season.
You don’t have to bet on a team being the eventual champion of the NFL; you can also make prop bets on players like how many yards Tom Brady will pass over the course of the entire season.
NBA Futures
The NBA offers a similar range of bets to the NFL.
There are single-game bets, or you can make a futures bet on your favorite team to win the NBA finals.
There are also prop bets on offer. For example, how many games your favorite team wins before getting knocked out or the total number of thee pointers scored in the season or which two teams will make it to the NBA championship series.
Top Sportsbook/DFS Picks in All States
MLB Futures
The most common futures bets of the MLB season are those placed on who will win the World Series.
But sports betting isn’t just about the math of figuring out the implied probabilities and odds for a profitable bet. If the mathematical nitty-gritty is in a group of sports bettors’ wheelhouse, then baseball futures betting is for them.
As a sport the MLB offers a huge range of mathematical metrics to build bet odds around.
Baseball has so many chances for futures betting. Futures markets exist across the regular season. And they range from a bet on a given player’s batting average to the number of hotdogs sold over the course of an entire season.
NHL Futures
The NHL — with its rough play, long seasons, and fast action — offers plenty of futures bets.
Common futures bets often involve online sportsbooks setting odds to win for individual conferences.
As a result, the NHL has some of the breadth of sports like college football or European soccer leagues, where there are many mini-future bets to be had before the major championships wrap up.
This allows sports bettors to go beyond the money line on who will lift the Stanley Cup.
Futures Betting In Other Sports
The World Series of UK soccer is the Premier League trophy, though curious or enthusiastic soccer fans will find no end of chances to dig up futures. The most popular of these is the bet on top goal scorer.
However, soccer fans can find futures bets that range in scale from the lowest domestic league to the FIFA World Cup. The World Cup is held once every four years, giving you a chance to get your bet in very early. Plus there are dozens of regional, national, and local leagues across the planet.
Motor sports offer several long seasons — Formula 1 in Europe and NASCAR at home. Even more obscure sports like sailing, darts, and esports will often have futures bets available for their major series.
How Are Futures Odds Calculated?
The odds on a futures bet will be set by the sportsbook based on a few factors. Usually these factors are one or more of the following: the vig, the amount of money the market has bet on each proposition, the bookies’s own estimates of a team’s odds to win, and promotional deals.
The “vig,” short for “vigorish,” is the term for a sportsbook’s cut. This can be taken either as a percentage of each bet or, more commonly, by adjusting the odds to ensure a small mathematical edge for the bookies’s side of the bet.
The odds will usually be listed in American odds on American sites.
How American Odds are Listed
American odds are listed as a three-digit number with either a plus or minus sign. A plus sign indicates odds longer than 50-50 (a 50-50 bet is written as +100). Positive odds indicate the amount of profit you would make on a $100 bet. A minus sign indicates odds shorter than 50-50 and describes how much you would have to bet to win $100.
If you see odds to win of -175 on “Josh Allen Over 4,999 Passing Yards In Regular Season.” This means we win when Allen makes more than 4,999 passing yards.
The minus sign in -175 means that if we want to win $100 profit, then we must bet $175. Odds of -175 convert to 4/7 in fractional odds or 1.57 in decimal odds and indicate an implied probability of 63.7%.
At these odds to win, a $1,000 bet on “Josh Allen Over 4,999 Passing Yards In Regular Season” will therefore earn us a $570 in profit if we win. Or cost us $1,000 if we lose.
Some bookies will also offer a push if he makes exactly 4,999. A “push” signifies a draw between bettor and bookie and means we get our original bet back.
The odds on the under are +213. If we took that for $1,000 we would stand to make a profit of $2,130 plus our $1,000 back if we won.
Check out the Props.com guides to online sportsbook bonuses in your state:
- Can You Bet On Sports In California?
- Top Colorado Online Sportsbook Bonuses
- Top Illinois Online Sportsbook Bonuses
- Top Indiana Online Sportsbook Bonuses
- Top Michigan Online Sportsbook Bonuses
- Top Tennessee Online Sportsbook Bonuses
- Top Massachusetts Online Sportsbook Bonuses
- Top New York Online Sportsbook Bonuses
- Top Massachusetts Online Sportsbook Bonuses
- Top New Jersey Online Sportsbook Bonuses
- Top Virginia Online Sportsbook Bonuses
- Top Pennsylvania Online Sportsbook Bonuses
- Top Maryland Online Sportsbook Bonuses
- Top Ohio Online Sportsbook Bonuses
- Top Arizona Online Sportsbook Bonuses
For more on how to bet on sports, check out the Props.com library of Betting 101 Guides:
- How to Read Sports Betting Odds
- How to Bet on the NFL
- Guide to Parlay Bets
- How to Win at Live Betting
- Super Bowl Squares Guide
- Best Sportsbook Bonuses
- Guide To Filling Out Your March Madness Bracket
- Daily Fantasy Sports Tips
- How To Bet On College Basketball
- Mobile Sports Betting Apps Vs. Online Sportsbooks
- Sports Betting Tips
- How To Bet On The NBA
- Can I Bet On Sports Legally In My State?
- What Is A Parlay Bet?
- What Is A Prop Bet?
- What Is A Moneyline Bet?
- What Is An Over/Under Bet?
- What Is A Futures Bet?
Top Sportsbook/DFS Picks in All States
Futures Bets FAQ
What does “futures” mean in futures bet?
The word “futures” indicates that the bet involves a long-term proposition. More specifically, it refers to bets that will require more than one match, game, or event to decide.
Usually these bets are on the scale of tournaments, seasons, or years.
Where can I find futures bets?
Most online and retail sportsbooks offer futures bets of one sort or another. Especially on popular futures bets like college football.
However, they will not always be labeled as such. You may need to click into a specific event to find a list of futures bets on offer.
If you cannot find the futures bet you are looking for, you can always contact the sportsbook and request that they open a market for that bet.
Are futures bets good bets?
Future bets have some advantages over other bets, but whether they are the best option depends greatly on the specific bet you are assessing, the implied probability of the wager, the betting odds, and your own personal taste for risk.
The market for futures is smaller than that for a match wager which tends to result odds changing more easily. This creates opportunities to find good deals.
Futures betting also usually offers longer odds than comparable short-term bets which means potential payouts are often much higher. Against this sports bettors must weight higher variance and higher risks.
There is no such thing as a guaranteed profit.
What are player futures bets?
Player futures bets include any futures betting that is done on a player’s performance.
This could be specific stats like a baseball player’s batting average or a bet on who will win MVP or Rookie of the Year.
Bookies from Macau to Las Vegas offer odds to win on any number of player futures betting.
What are team futures bets?
What are team FUTURES bets?
We can contrast team futures bets with player futures bets.
A team futures bet is futures betting on the long term performance of a team.
For example, futures betting on the Kansas City Chiefs to win the Super Bowl or on how many other teams Manchester United will beat in the Premier League.
