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Futures Bets A future bet is a type of proposition bet not for one particular game, but usually for a series or a seasonӳ worth of action. Who will win the NBA championship? or Odds of making the AFC Championship Game are typical futures bets. Each team in the league are given odds of the event happening.
Professional sports bettors rarely make substantial futures bets because the money wagered is out-of-play until the future event occurs. If you put money down at the start of a NBA season for the Phoenix Suns to win the title, you may not know the outcome of your bet for 8 months.
Similar to a field prop bet, the book takes their vig by shorting the total odds breakdown. Books also play on the heartstrings of teams with loyal fans by offering specifically bad odds on those teams. The best example are the legions of Cubs fans who flock from the Midwest to Las Vegas every winter, to take in the warmer weather and swing down past Mesa, Arizona for a few spring training games. Almost every one of them will make a heartfelt wager for the Cubs to win the World Series. To keep their action balanced and minimize the impact to their bottom line if the Cubs do win, the odds offered on the Cubs are usually worse than for any other baseball team. In reality, the book will have bigger problems than money if the Cubs do win the World Series the hell freezing over and plagues of locusts will probably make everyone forget about the bottom dollar.
Futures Bets A future bet is a type of proposition bet not for one particular game