Sports betting isn’t that complicated and that’s very much the case with a futures bet. This kind of wager is one of the first wagers that many new bettors make when they’re first introduced to sports betting.

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Sports betting futures is the one market that is available 365 days a year for betting, for just about every sport. The oddsmakers readjust odds to win a championship or title of a major sport and release new odds quickly. Sportsbooks will release the odds to win the next Super Bowl almost immediately after the previous one ends. Bet on sports with the most established online sportsbook in the industry providing you with. Sports Betting Stats. Betting Calculator. Sports Schedules. Refresh Lines NFL Futures. Sep 18, 2019 Sports Futures Calculator Introduction. To use this calculator, enter the the odds each event pays. Leave unneeded fields blank. Odds should be entered on a 'to one' basis or American odds. If American odds are being used (like +300 or -500), check the American odds box. Then click 'calculate.' Betting System by GenerationWeb 201 (GenerationBet v1.7) sportsbetting.com.au pty ltd is licensed and regulated by NT Government of Australia For South Australian residents, Sportsbetting’s gambling operations are governed by the South Australian Gambling Codes of Practice. You can make futures bets on any of the major sports championships such as the Super Bowl, World Series, Stanley Cup final, March Madness, College Football Playoff and the NBA Finals. And as soon as one season is over, there are usually future odds posted for next season’s championship.

A futures bet is a wager on an event, series or an award that will finish in the future. This is different than a wager on the outcome of a single game, but almost as popular.

The result of a futures bet is for an event or season that is completed in the future, not the day the wager is placed. Many bettors enjoy these bets because it’s a single wager that has a long life. Single-game wagers are often reconciled within a day or week. Futures bets allow a gambler the ability to have money at risk for multiple games without having to spend time researching each of the individual games.

New sports bettors may be more familiar with a futures bet as the kind of wager on their favorite team to win a league championship. For example, New York Jets fans could place a $10 wager on the Jets to win the Super Bowl at 80-1 odds (+8000) in a New Jersey casino. A winning result would pay the bettor a cool $800 for the wager that will last from the first game of the season to the final play of the Big Game.

Futures odds 2020

Click the tab below to view our extensive menu of sports betting futures for NFL, NBA, MLB, NHL and more.

How futures odds work

Futures odds may change often. During the season futures odds may change with wins, losses, injuries, trades and so forth. During the off-season, futures odds may change with free agent acquisitions as well. The odds changing for one team often lead to odds changing for other competing teams.

Futures odds at a sportsbook tend to be based on the chance that something will happen. However, futures odds aren’t specifically intended as a prediction of what will happen. When released, the odds may be set more on the likelihood of a team winning but that’s not always the case.

The predictive nature of a futures bet is part of the model built into making the odds but there’s a bit more information used. Futures odds may change at a particular sportsbook based on how much money is wagered on a specific team. Additionally, a sportsbook may also hedge odds based on expected wagers. This allows the sportsbook operator to limit their liability on a specific team winning.

In Las Vegas, sportsbook operators at local casinos located around town may see more wagers placed on teams from the west coast. Meanwhile, casinos on the Vegas Strip may see more wagers on teams from large markets. Most wagers at casinos on the Vegas Strip come from tourists visiting from around the world. Each of the casino groups may have different futures odds based on how much money is wagered (or what they expect will be wagered) on a specific team.

Get current Futures odds on any sport at online sportsbooks

How to place a futures bet

Placing a futures bet in a casino is fairly simple. When placing a wager in person the bettor just tells the ticket writer in the casino the rotation number listed next to the team name and how much they’d like to risk. It’s that simple.

At an online sportsbook, futures bets can be found within a specific sports section. Team futures and player futures will have their own tabs in the mobile app. They are typically easy to navigate and find.

The payout based on the odds will be printed on the ticket. If the wager wins, the bettor will be paid the winning amount based on the odds posted at the time of the bet plus the original bet. It’s important to remember that even though the odds on futures may change, the wager is only good for the odds listed on the bet ticket.

Types of futures bets

MLB

When it comes to placing futures bets for the MLB, bettors have nearly infinite options. The most common are:

Other, more specific futures can include the first team to 90 losses, team to finish with the best regular-season record, and most player home runs.

NFL

NFL futures look similar to MLB, with bets able to be placed on these popular markets:

Projected NFL draft picks are also popular futures bets, most commonly the first overall pick.

NBA

Like all other major leagues, NBA futures bets center around:

Coach of the Year and Sixth Man award are also common individual futures bets. Since the playoffs are in a best-of-7 format, NBA playoffs futures include in how many games a series is one (for example, Clippers vs Nuggets– Clippers in 4, 5, 6 or 7 games at various odds and Nuggets in 4, 5, 6, or 7 games at various odds.

NHL

Common futures bets on the NHL include the Stanley Cup champion, as well as the Hart Trophy winner (league’s best player), league rookie of the year, Coach of the Year, etc. With positions being more specialized than many leagues in the NHL, player futures are more individual in nature– for example, most saves, assists, goals, and others. Like the NBA, the NHL playoffs are a best-of-7 format, with series odds being dependent on how many games the series is played (for example, Blue Jackets in 4, 5, 6, or 7 games at various odds and the Penguins in 4, 5, 6, or 7 games at various odds).

PGA Tour

Since golf is an individual sport, futures are more restricted and dependent only on individual performance. Common futures include specific major tournament winners:

College football

The most common futures bets on college football for teams are national champion, win totals and conference champions. College football has a wide array of individual awards handed out every season including the Heisman Trophy.

College basketball

With so many teams and so many players, college basketball betting might be the most difficult of the major US leagues. Common bets here include odds to make the NCAA Tournament (March Madness), the Naismith Award (nation’s best player), and over/under win totals. Once the NCAA Tournament begins, game lines and odds to make certain rounds (Sweet 16, Final Four, etc.) become common futures bets.

Potential downside of futures bets

All bettors are different and futures bets aren’t for everyone. Futures bets allow a bettor to have an event or season-long wager. This long-term wager helps a bankroll last a longer time than with a single wager. However, this may not be the best bet for everyone because futures bets sometimes have a larger house edge.

When placing a wager on a single game the bettor is laying $110 to win $100. This works out to be a 4.5% house edge. Futures bets work differently. Not all futures bets have the same house edge. Some futures bets for a championship or tournament could have a house edge as high as 20% or 25%. Like all wagering opportunities, it helps to do a little math to see if the wager is worth the risk.

Plenty of sports bettors enjoy having wagers throughout the season. In that case, having part of the gambling bankroll tied up for an entire season may not be the best use of money. Gambling is entertainment for the vast majority of gamblers and it’s important to manage budgets accordingly. Even if a futures bet has a positive expected value, the lack of in-season wagering might offer less enjoyment to those who prefer having action often.

What Is the Future of Sports Betting in 2020

Computer algorithms are the next wave of computer programs being applied to sports betting. Sports betting has become a database of statistics and trends to follow with computer programs and algorithms for support. New insights and better analysis are needed for success. What will the future of sports betting look like by 2020.

• Almost all sports betting will take place online. Bettors will use their smart phones or computers to place bets – in real time.

Smart phone apps are readily available from most of the major Las Vegas sportsbooks and casinos. Estimates of all Vegas sports bets via phone apps is 40%. Bettors like the convenience of betting from home or elsewhere without going to a sportsbook. The sportsbook operators prefer bettors in their casinos but they will take any outside action to increase their handle. The other majority of bettors like the festive atmosphere and other benefits of visiting their favorite casino sportsbook.

• Large tech companies will emerge as mega bookmakers.

The changing landscape of sports betting revolves around digital applications. Tech and media companies like Google and Microsoft are carefully following the laws regarding sports wagering. When businesses that make billions from digital platforms jump into the sports betting industry, you can assume the entire landscape is set to change. If the innovations that tech companies bring to other industries is any indication, the sports betting world will witness some significant changes. They will compete against established U.S. and international sportsbook operators and likely force these operators to compete in new and innovative ways to increase market share.

While predictive technology is gaining ground, it may be a few years to implement a global sports betting network. With tech companies entering the sports book making world, who knows what new advantages or profit making techniques they will provide. It is all in the algorithm as the new saying goes. Sports analytics is more refined with better detailed information.

• Sports leagues will profit directly from legal sports betting activities

The majority of pro leagues are favoring online sports betting and are beginning to understand ways to increase profits. League officials have already partnered with gambling-related firms and data companies to create opportunities for shared profits. Adam Silver, NBA commissioner, has provided his support for legalized betting and his willingness to work with companies that operate mainly through legal loopholes. The NHL approved their latest franchise expansion team in Las Vegas, Nevada. The Las Vegas Golden Knights is a big success within a legalized sports betting environment. The NFL is allowing the Oakland Raiders to move their franchise to Las Vegas and their new stadium by 2020.

The NFL is against legalized sports betting but the league approved the Raiders move to Vegas with the legal wagering atmosphere. The NFL has their lofty image to portray to the public and will probably not be a part of any shared gaming revenue. But other leagues around the world will be part of a shared sports betting consortium to distribute fee based revenue in partnership agreements.

• The U.S. online sports betting market – post-legalization – will be the largest in the world and will energize the entire global market of sports betting.

This year, 97% of the 4.5 billion bet on the Super Bowl were placed illegally. This is nothing new as detailed investigations by The New York Times and Congress shows how bookmaking sites operate in the U.S. under the legal radar.

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The U.S. Congress has begun reviewing federal laws regarding gambling and will likely introduce legislation relating to online sports betting. The US Supreme Court has delayed its ruling on the federal ban on sports betting outside of Nevada, Delaware, Montana, and Oregon. New Jersey sued to overturn the ban for its Atlantic City casinos and horse racing tracks to offer sports wagering.

If the legalization does go through, Microsoft already has a patent for real-time bet placing through mobile devices and online sites. The Las Vegas books have a sports betting monopoly and will be the leaders if federal legislation removes the ban for other states to start a sports betting platform. Microsoft will just be another player in the field but their name recognition will provide trust and acceptance.

A widespread fully mature online sports betting market in the U.S. would be the largest such market in the world, according to research from the industry trade publication GamblingCompliance. When the U.S. gets to that point, sports betting will have changed from the way bets are placed, what games and events are the most popular to bet and who is taking the bets. More sports data analytics service providers will support bettors with in-depth handicapping tools.

“Providing a mechanism for a state to legalize [sports betting] doesn’t have to be rocket science,” said Sue Schneider, an industry veteran who has testified before Congress and consults on gaming issues. “The rest of the world has been doing this successfully for decades. We just need to look around to see the best practices”.

• Pro sports leagues want public bettors

The NFL, NBA and NHL have deals with Sportradar, a Switzerland-based conglomerate that is the parent company of Betradar, a major player in the global sports betting industry. Major League Baseball has partnered with Genius Sports, a multi-faceted gambling data firm located in London. Even the NCAA has a commercial affiliation with Sportradar, with the Pac-12 conference using the services of CG Analytics, a subsidiary of a prominent Nevada sportsbook.

These partnerships represent a profound shift in the leagues’ position on line monitoring, the task of tracking gambling data in an attempt to identify unusual moves or unnatural money. The integrity of any sport is a major reason to oppose regulated sports betting.The ability to track statistical data and closely monitor sports through high tech software is prevalent. The old style concerns were relevant a few years ago but have faded with the high tech digital watch dog techniques. It will never be 100% foolproof but is a great deterrent.

With better safeguards in place to counteract any suspicions, the sports betting industry is becoming more self-regulatory.

While the leagues’ stances are shifting gradually, experts say legal sports betting is still years away from arriving at your local casino or mobile phone. It could be legal by 2020 but the betting platforms need to beta test and gain acceptance. The legal betting structure in Europe is well established and Las Vegas is the best platform in the world to learn from and implement.

While business is booming, Nevada remains a small portion of the enormous American sports betting pie. Experts estimate more than 90 percent of all sports betting in the U.S. takes place outside of Nevada, mostly through offshore sportsbooks located in the Caribbean and Central America. That behavior must change if the U.S. market is going to fully mature, but moving bettors from the unregulated market to a newer legal one is difficult but a welcome change.

There are dozens of online books, the largest handling more than a $1 billion a month during football season. The offshore industry has evaded U.S. laws and continues to serve America’s thirst for sports betting without the added costs of regulation. It is going to take more than just offering competitive odds for a new regulated market to hurt the established offshore market.

Westgate Sportsbook Futures

The offshore operators will remain very competitive with their menu of bets, props and live betting. I see a much better variety of bets with off-shore accounts especially their extensive live betting options. It is superior to any Vegas book offering live betting. Off-shore operators will continue to thrive if US approves legalization. Besides, off-shore books will be legal like any state operator and will have a better market position. US bettors will probably double or triple in volume if legaliztion happens. Off-shore books might lose 30 to 40 percent of their American base, but bettors can mix and match to find their betting zone between the states and off-shore.

• A global sports betting network will be a great hedge for all sports bettors

An open betting policy on a global platform is the future of sports betting. The United Kingdom is at the forefront of sophisticated online betting software and the array of betting options available. The UK had an open door policy for US bettors to join and place bets on US sports using the popular Neteller clearing house for fast and cheap money transfers.

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My accounts with spread betting operator Sporting Index and the Matchbook Exchange was a great betting experience. This happened before the 2006 Port Security made it illegal for Neteller and UK betting operators to accept US bettors. Our government crackdown and threats caused Neteller and UK betting providers to close shop to all US bettors. They lost around 50% of their online business. A complete travesty as our politicians attached the illegal gambling act onto the Port Security Bill. One had nothing to do with the other, but Bush had to sign it to look good.

A legal sports betting environment will subdue the barriers of the past and upgrade the future of sports betting with global interaction. The betting options and hedge positions will be numerous with bettors comparing fixed odds betting in the states with spread and exchange betting in Europe. Global peer to peer betting action will play a large part of the sports betting industry. Bettors will be using Bitcoin or Litecoin to bet directly with other bettors.

Sports Betting Futures Odds

You will be amazed how many opportunities for bettors to learn and participate in the emerging sports betting industry. The market upgrade potential is serious money beyond the half-trillion mark and the time has come to make it legal and regulated. The sooner the better !!

Online Sports Betting Futures

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