Futures bets allow you to wager on a team you predict will win a division, conference, or championship as well as player to win an award. In this guide, we will discuss the different types of futures bets you can place if you’re looking for that long-term payout.
The most common type of futures bet involves placing a wager on a team to make the playoffs or win a league championship. These bets have the potential for very large payouts, especially if the bet is placed on a dark horse team that is getting little love from the oddsmakers. Here are some typical odds for a futures bet:
MLB: 2019 National League West Division Winner
Los Angeles Dodgers (-450)
Colorado Rockies (+400)
San Diego Padres (+1100)
Arizona Diamondbacks (+3500)
San Francisco Giants (+4000)
These odds were available at the beginning of the 2019 MLB season. If you believe the Padres have made some great offseason moves and are not getting the respect they deserve, you may find value in that +1100 line. By placing $100 on the Padres to win the National League West, your future payout would be $1,100. However, your initial wager of $100 would be tied up until the end of the regular season, which is when you would receive your payout if the Padres won the division.
Futures bets can also be placed to predict the winner of an individual award, such as NFL MVP, NBA Rookie of the Year, and Super Bowl MVP. Let’s look at the odds to win MVP of Super Bowl LIV:
Patrick Mahomes (+115)
Jimmy Garoppolo (+225)
Raheem Mostert (+900)
George Kittle (+1600)
Tyreek Hill (+2000)
In this case, there is a “Field” option, which represents every other player participating in the Super Bowl other than the five players listed. So, if you believe a player other than the five listed will win Super Bowl MVP, you can place a $100 wager on “Field” for a potential payout of $2,000.
Simple enough. Just remember, your money is tied up for an extended period of time in futures betting.
And for more, check out last week’s guide covering live betting.