Typically, sportsbooks display odds and open the betting lines a week or two before a game. This allows bettors to place their wagers ahead of the game. There is also the option of live betting that allows bettors place bets during the game as well. However, one form of betting you’re most likely not familiar with is futures betting. As implied, futures betting has to do with placing bets long before the game. The bets will be placed even before the teams for the championship has been determined. It can be made months to the championship.
How To Win Futures Bet
With futures bet, you have to think long-term if you want to win. The most significant benefit of this type of betting is that you have the opportunity to win big as the payouts are usually massive. While you can bet on the winners of several events, the most popular option for future betting is betting on playoffs and championships. Some sportsbooks give you the FILED option, this allows you to select a candidate for an award that isn’t listed. So, when you want to bet on a player who would win an award but the player’s name is not listed on the sportsbook, you can use the FIELD option.
Most times, sportsbooks allow users to bet under/over the prospective win totals. This typically comes with a hook to avoid the possibility of a push. As the information about specific teams come to light, the odds will be adjusted accordingly. When you’re placing futures bets, you need to be extra cautious because a lot of things can change during the season.
Hedging And Futures Bets
To succeed in futures betting, you need to take advantage of hedging. Hedging is vital when you want to make a large bet or you want to bet heavily on an underdog. You’ll need to place your bet on the other teams if you want to lock your profits. This would require loads of cash. You’ll be betting on the possibility of several outcomes. This way, no matter what the results are, you’ll win. It can be used to reduce your risks when the odds are shortened after the original bet.
Unfortunately, with futures betting, you’ll be unable to touch your money until the end of an entire season. If you use all the money in your bankroll to place a futures bet, you’ll not be able to play in any other game until the duration of the bet is complete. You may need to bet using cash that isn’t part of your bankroll.
Winning the bet might be tough because picking the ultimate winners of a season that is yet to start isn’t easy. Anything can happen from suspensions, and injuries, to coaching changes. All these variables can affect the outcomes. This doesn’t mean it’s impossible to win futures bets. When you win, you win big.