The Truth About Futures Bets

What Is a Futures Bet?

We have written an whole guide on the topic of futures . Essentially, futures bets allow you to wager on events far beforehand. These may incorporate league championships, individual team’s season win totals, or the recipients of major trophies.

Futures bets are most common before the season begins, or right at the beginning of it. This is a great way for bookmakers to get higher betting volume at the offseason — especially for the big four North American pro leagues (NBA, NFL, MLB, and NHL).

The odds connected to futures bets ebb and flow throughout the season right through the playoffs. Bookmakers respond to individual groups’ and players’ bundles, and try to entice bettors to wager on teams which are getting low gambling volume.

Are Futures Bets an Accurate Representation of Truth?
A newcomer bettor, also called a’square’, might feel that futures bets reflect an accurate representation of what bookmakers (and the media) think teams and players will fare over a season. They might have a tendency to feel that, by studying the list of available betting options and the odds connected to them, they’re seeing closely scrutinized positions of who gets the best chance to win a championship or individual award.

Nonetheless, this is not the situation. Odds attached to futures bets are merely a way for sportsbooks to distribute the money being wagered on each team. In this manner, as soon as a team or player wins a championship or a decoration, sportsbooks are able to pocket a hefty profit out of their season-long bookmaking attempts.

How can sportsbooks know they will make a profit on stocks stakes, most of the time? The solution is simple. The juice, or even the’vig’, on futures bets is enormous, and you’ll need to surrender a higher percentage to your sportsbooks on futures bets than on any other available.

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