A “futures” bet predicts some result will occur after a defined period of time; almost always preceded by a regular sports season that could make or break the bet.
Future Bet Examples:
1. Will the Giants be Conference Champions?
2. Will the Lakers win the NBA Championship?
3. Will a quarterback get the Heisman trophy?
These examples are considered future bets, wagers on events far into the future that require the bettor to make a decision sometimes months before the actual event occurs. Most sportsbooks offer futures bets on non-sporting events as well, although these bets would generally fall into the “props” category. One example: who will win the Democratic Presidential nomination? Who will win the presidency outright?.
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Futures bets are fun and not considered “serious” wagers unless you’re very confident on the eventual result. Because futures bets are difficult to win, most online sportsbooks offer a nice pay-off if you’re willing to let your money sit around for several weeks. Most of the time, however, the wait is in vain: bettors will realize their team will not make the playoffs, and therefore can not win the championship.
So when should you bet on a future event? When you have a little extra cash and feel like a “fun” wager. Don’t expect that you’ll be right all the time. Most importantly, realize your money will be tied up in the future wager for a long time before you win or lose the bet. Futures are fun because they give the bettor something to look forward to, but in terms of profitability, most serious gamblers choose more traditional forms of wagering.
How much should I wager? Our advice: not much. Some futures can be wagered for as little as $1. We advise sticking to your guns and not going crazy over a future bet unless you’ve got cash to burn. Bet on futures that you have some knowledge about.
If you know a lot about politics, political futures bets can be fun. On the other hand, if you have no clue, don’t waste your time or money! Have fun and Good Luck with Future betting!