How To Bet Futures

If you're good at predicting Super Bowl winners in June or World Series champions in February, you should be making future bets.

A future bet is another kind of prop bet in that you are taking a proposition and turning it a wager. “I’ll bet you the Patriots will win the Super Bowl.” The sportsbook then sets odds on that actually happening.

If a team surprises everyone and goes from longshot to World Champs, you can make a ton of cash on futures. Just a few examples of big money futures bet winner include the Super Bowl XXXIV champion St. Louis Rams, the 2003 World Series Champion Florida Marlins and the 2005 World Series Champion Chicago White Sox.

Betting on any of those teams in the preseason would have netted you a mint.

Even though teams like the Rams, Marlins and ChiSox don’t come along every season, even favored teams can still make you some money betting on futures. If you’re smart and do your homework, you can even find better odds at different books.

Take the current Super Bowl odds for example. Most books still have New England as their favorite to hoist the Vince Lombardi Trophy, but they disagree on how much it would payout if that happens.

At bodog the Patriots are listed at 5/1 to win the Super Bowl compared to +450 over at 5Dimes.com . There are even better odds, with New England checking in at +570.

One thing to remember about betting futures is that the money you wager is likely going to be tied up for months, so don’t needlessly deplete you bankroll with a rash of future bets.

Smart bettors keep a side pot especially for placing futures so it won’t cut into their bankroll and hurt them throughout the season. Remember you are making a wager today on an event that won’t pay you for many months.

With that said, there are still good reasons for making future bets and good profit to be made when done right.