The futures bets is the type of betting we are going to learn about today, it is a popular name in the United States, in other regions it is also called outright bet. they represent the same type of betting.
what is Futures Bets/Outright Bets
The difference with the other betting types is that futures bets are on the outcome of the entire season, not on a single game. Therefore it is often placed before the start of the first official game, and you will likely reap the excitement and fun of a full season of games.
Benefits of Futures Bets Outright Bets
1.Longer lasting entertainment experience
If you are betting on Italy to win the Euros before the start of the tournament, then every single Italian match will be important to you. Italy will not only have to make it out of the group stage, but they will need to win all the way from the knockout stages to the final. Only if Italy takes home the trophy will you get paid out. And once the team you bet on is eliminated at any stage, your bet will go down the drain.
This is the first benefit of futures bets that we are going to talk about, a single bet allows you to enjoy the excitement of multiple matches.
2.Higher bonuses
In Futures bets, you need to break through a lot of levels to win the bet. Therefore it is more difficult and less probable to win compared to betting on a single game.
Sportsbooks place more substantial odds to attract bettors to place their bets. Generally, the more teams that participate in the tournament and the more games to be played, then the bookie has to offer more bonuses.
Futures bets usually requires bets to be placed before the season starts. This is when you have the most options and can get the highest payout when you win. There are also many bookmakers that offer futures betting throughout. However, as the race progresses, the fewer teams are available to choose from and the lower the payouts. You can follow your favorite races and then choose the right time to place your bets.
This is a screenshot of futures betting on England Football League Trophy for the 2021/22 season from the 1XBET website.
You can also choose to display your preferred odds format on the website. We can see that：
- the more favourites the team is, the lower the payout you get.
- the worse the team is, the higher the odds are and the bigger the bonus you get.
Let’s say you bet $100 on Sunderland, and if the team lifts the trophy, you’ll get $1100! If not, you will lose your original stake.
Strategies for Futures/Outright Bets
Futures betting requires you to place a bet on the team that you think will probably win during the season. It is a simple type of betting and there are a number of strategies we can use to help us reap more rewards on futures betting.
Strategy 1: Place a few more bets
The odds reflect the probability that the bookmaker thinks the team will win. From the screenshot we can see that Sunserland is the favorite in the race and it is 11, while Portsmouth is 15, indicating that it is not favored.
Trophy reflects the probability that the bookmaker thinks the team will win. From the screenshot we can see that Sunserland is the favorite to win the match with odds of 11, while Portsmouth has odds of 15. Let’s say you think Portsmouth is underrated by the bookies and it has a good chance to win. You choose to bet $100 on Portsmouth. This will result in two outcomes.
- Portsmouth wins, and you win $1500.
- the other team loses and you lose $100.
If we put all our hopes on Portsmouth, there is a relatively high risk of losing $100. If we want to reduce the risk, we can sacrifice a little interest by betting on multiple teams, thus increasing our chances of winning.
If we put all our hopes on Portsmouth, there is a relatively high risk of losing $100. If we want to reduce the risk, we can sacrifice a little interest by betting on multiple teams, thus increasing our chances of winning.
If we choose to bet another $100 on another favorite, Sunserland, this will happen in one of three ways.
- Portsmouth wins and your profit: $1500 – $100 = $1400.
- Sunserland wins and your profit: $1,100 – $100 = $1,000.
- The other team wins and you lose $200.
In futures betting, we can bet on several more teams to earn ourselves more options to get bets.
Strategy 2: Hedging
There is another strategy that can help us reduce our risk and get more money. That is hedging you bet.
Let’s say we bet on Sunderland before the season starts and it does well to advance all the way to the finals to meet Sheffield Wednesday. At this point, your bet has a high probability of winning. But to make sure you get the final prize, you can also use a hedging strategy.
We can choose to bet on Sheffield Wednesday to lock in our victory. As your team goes further and further as the game progresses, your futures bets become more and more valuable. So using this strategy assumes that the team you pick will make it to the end. Ultimately you will gain regardless of which team wins.
When choosing a hedging strategy, we need to keep an eye on the odds of the other team in order to place the right amount of bets and thus secure our profits.
We will keep updating the content related to soccer betting. If you are interested in this, you can check out the previous shares by clicking on the links below.
1.Sports betting: some basics you need to know
2.Odds: What you need to know about professional betting
3.Explanation of the concepts of value and probability in sports betting
4.Important tips on Sports Betting
5.Mistakes to avoid in sports betting
6.Explanation of common sports betting types
7.Sports Betting Strategies — How Bookies Ensure Their Profits
