How to Use the Advantage of Futures Betting?
A Futures wager is exactly what its name suggests, a stake on an outcome that won’t be decided for some time. But this doesn’t mean that when you bet on a match that is a couple of weeks away you are Futures wagering. This is a stake that, once the action has closed, will still require some time for the result to be decided on.
Examples include betting on a Cricket Test Series winner before the season begins or naming the winning horse in the Melbourne Cup long before its November start-date.
The key is that the wager is not on an individual game or Horse Race but on the whole season or series of events leading up to the determination of the eventual champion. These stakes typically stretch over weeks or even months and are made up of many individual occurrences that need to happen for you to win the bet.
Let’s, for example, say that you placed a Futures wager on Nick Kyrgios to win the Australian Open. This market would be available months before the deciding game takes place and Kyrgios would need to make it through four rounds and the semi-final for you to have a shot. He would then have to win the final game before you can collect.
How Do Futures Bets Get Paid?
This is a very simple matter. Whatever the odds are when you place your wager are the ones which will decide how much you get if you win. This is why these stakes can be so profitable. The further ahead of time you bet, the better the odds, since the guess is so much more difficult to make. So, if Kyrgios’ odds to win are 7 to 1 and you bet AU$100, you will get AU$700. If they are +800, you will get AU$8 000.
Bear in mind that you will not be paid out until the final winner is determined, so you have to wait until whatever you wagered on has been concluded in its entirety.
Futures Betting Strategies and Tips
We recommend considering Hedging your Futures wagers, which means you stake against yourself so as to lock up a profit. Basically, you will be giving up some of the total gain you stand to receive to guarantee that you walk away with something when it is all said and done.
Another good idea is to stake on multiple teams or several players, or horses, to win. If you bet AU$100 on three different options that offer odds of 12 to 1, 10 to 1, and 8 to 1 to win, you are very likely to see a return on at least one.
Wagering in the middle of a season may not offer odds as good as those placed before it even kicks off, but they won’t be too bad! They will also have adjusted by this time to how things are going and will reveal what the public thinks is most likely to occur.