A popular betting choice among sports handicappers, is a futures bet, where bettors place wagers on whether a team is going to win a division, title or event that is usually going to be held later sometime in the future.
Odd makers loves these bets because they usually make a fortune on them. However, sharp bettors can turn the tables on the books, and here are few reasons they should consider betting futures, and three things they need to remember when doing so.
To start, handicappers might want to wager their money on a future when they have strong reasons to believe a long shot has a more than good chance of pulling off the impossible. If a handicapper can justify their gut with sound reason, then a future bet could be a way to lock in some real value.
Next, if a sports bettor has a good feeling that a particular team will be making a potentially big move on a player or number of players that will improve its chances of winning, and can lock in a future early at a good price before it actually happens, that creates a great reason to consider laying down some cash.
The final two reasons a handicapper may want place a futures bet, is to help get their betting season get off to a start by having to do some early research, and to just have some fun.
Bettors are first and foremost sports fans, and putting a few bucks down for rooting interest, or to back their Alma matter, can create a little more excitement during the betting season. However, there are still a few things to consider when betting on futures.
First, handicappers need to bear in mind that they will need try ad factor in a lot of things about a team that they may not be able to really know or confirm with absolute certainty. Things like who is going to start, how rookies, newly acquired free agents and maybe even how a new coach will fit in. Who might get hurt and for how long and so on. All of this uncertainty increases the risk, and handicappers need to never overestimate their edge when placing futures bets.
Second, a bettor needs to understand that their money will be tied up for a long time when betting futures. Sometimes weeks, months or even longer.
No matter the time however, that same money could be bet many times over during that span, producing some profits with those bets. Therefore, handicappers need to consider not just the return on the future bet they are making, but also the lost potential return from all of the bets they could be making if the money wasn’t invested in the futures bet.
Finally, like all bets, handicappers need to shop various sports books when betting on futures, as different book’s prices will differ dramatically.
And when they finally find the best possible return, wager, wait and most important — be patient.