What Does Futures Mean In Sports Betting?
Futures bets are a type of sports wager that can be made on a team or individual to achieve a certain result by a certain date. They are usually long-term and involve predicting how a team or individual will perform over the course of a season or tournament.
In a futures bet, the sportsbook sets a line on a team’s chances of winning a championship or a tournament. That line is called the futures odds. Bettors can then place a wager on the team’s chances of winning. Bettors can also bet on individual players’ performances, such as who will win a particular golf tournament or who will be the MVP of a particular sport.
Futures bets generally involve more risk than other types of sports wagers because there are more unknowns. The team or individual’s performance is out of the bettor’s control and the sportsbook can change the odds at any point. For this reason, it’s important to do research and understand the risks associated with a futures bet before placing one.
The upside to a futures bet is that the odds are often quite attractive. Because there are so many unknowns, the payoffs can be quite high if the bettor is correct. This makes them an attractive option for sports bettors looking to make a long-term bet with a potentially high payoff.
Overall, futures bets are a type of sports wager that involves predicting the outcome of a team or individual’s performance over a season or tournament. They involve more risk than other types of bets but can also offer attractive payoffs. For those looking to make a long-term bet with a potentially high payoff, futures bets can be a great option.