Wagering on sports is not difficult once you understand how to read sports betting odds. Future Bets are no exception and are in fact a favorite type of wager amongst new bettors. This is probably because amateur bettors like the idea of a bet that is good for the entire season! Thus, in this sports betting tutorial we explain What is a Future Bet along with its pros and cons.
By definition, a Future Bet is any bet where the outcome of the event will take place in the future. In most cases, a Future Wager relates to sporting championship, award or series that will end in the future. Thus, popular Future Bets would be placing a bet on a Volleyball Championship game, World Series or the Super Bowl.
How to Place a Future Bet
Before bettors can Place a Future Bet, they must first understand how the odds work. The betting odds by the sportsbook are made depending on the potential outcomes of the event. Therefore, the better the odds of an outcome taking place, the worst the payout for the bettors.
Placing a Future Bet at an online sports betting website is also easy and simple to do. This is because most sportsbooks have an easy to use navigation format with a section for future wagers. Thus, bettors only need to click on the Future Odds section and then click on the sporting event they want. From there it is a simple matter of deciding how much to wager on the event.
According to bookie tutorial on how to be a bookmaker, future bets are growing in popularity. This is because bookmakers are not adding more future betting options. Therefore, bettors can bet on future prop bets as well as awards and playoffs.
However, there are some downside to future bets. This is because the future bet odds for the most part favor the sportsbook. Thus, they are long shots with large payouts.
Here is an example of what a Future Bet looks like from VOBET:
Odds to Win the 2020 KBO Korean Series Championship by VOBET
- Doosan Bears: +350
- SK Wyverns: +400
- Kiwoom Heroes: +450
- NC Dinos: +600
- KIA Tigers: +800
- LG Twins: +800
- Samsung Lions: +1200
- KT Wiz: +1600
- Lotte Giants: +2000
- Hanwha Eagles +2200