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A future bet is a wager that is placed on upcoming event that will take place in the coming weeks or months. The best online bookmakers sites will update these odds based on the results of the current matches and results of the sport. Future bets do not have traditional point spreads as gamblers are in most cases betting are on a black and white result. The most common types of future bets are often who will win the titles of various sporting leagues. Future bets on the NFL’s SuperBowl and the English Premier League crown often attract large wagers from gamblers across the world.

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Future bets are not only for league championships, sports bettors can wager on the amount of games each team will win, division and conference titles, and even which teams may face relegation. Future bets are available for just about every sport in the world, so in most cases it won’t be hard to find an online bookmaker that has your sport available.

Examples Of Future Betting

Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. A bet can be broken down into two. Derek Carr: +1200; Mariota being the favorite is certainly interesting. He was the Las Vegas Raiders backup last season but started the majority of the games during his five seasons with the Tennessee Titans from 2015 through 2019. Mariota is an accurate passer and also has the ability to make plays with his legs.

In early September, a St. Louis man walked up to the MGM Grand Bookmaker and bet on his St. Louis Cardinals to make it to the World Series. The Cardinals mired in a slump, had lost their last game and their playoffs prospects looked bleak, with only 15 games left they were five games back of a playoff spot. Vegas oddsmakers didn’t give the Cardinals much hope either, as the man got 501.00 on a $250 bet, a $125,000 payout. That same day, he also bet $250 on Cardinals to win the World Series at 1000.00 to win $250,000. In total, the man risked $500 for a potential payout of $375,250.

The Cardinals went on a run of a lifetime while the wild-card leading Atlanta Braves kept losing. The Cardinals had made the playoffs and in five games they defeated the feared Philadelphia Phillies and then headed to Milwaukee for the league championship. In a hard fought series against the Brewers, the Cardinals won in six games. The Cardinals had made it to the World Series! The man won his original bet of $250 for $125,000 and in seven hard fought games, the St. Louis Cardinals won the World Series. The still unidentified man had won just over $375,000 on a $500 bet.

A true feel good story for our mystery man who just had a hunch his hometown team wasn’t quite finished yet. Most of us will never get this lucky, but there are definitely times when bettors can find value in future bet odds.

Calculating Juice in Future Betting

Let’s look at how to calculate future betting juice. In this example we’ll look at odds future odds to win the NFL’s AFC West Division.

Oakland Raiders 1.45
Denver Broncos 2.90
San Diego Chargers 13.00
Kansas City Chiefs 51.00

Calculating juice boils down to how often a team must win on average to break even at the current future odds offered by the bookmaker. The math to calculate this is risk divided by return. Let’s calculate the odds for the San Diego Chargers to win the division, a $100 wager at 13.00. The bettor is risking $100 to win $1200, and since the original $100 wager is added back into the stake the potential return on this bet would be $1300. The math to calculate breakeven percentage would then be 100/1300= 0.0769 or 7.69%. To avoid doing the math on these, you can use our “Moneyline Converter” as a short cut.

When the math is finished, here are the AFC’s West’s break even percentages.

Oakland Raiders 1.45 = 68.75%
Denver Broncos 2.90 = 34.48%
San Diego Chargers 13.00 = 7.69%
Kansas City Chiefs 51.00 = 1.96%

These numbers added up will total 112.88%. Obviously, these numbers in actuality cannot be more than 100%. The extra percentage is because juice is still included in the bookmaker’s line. To figure out the no vig win probability and remove the juice, we’ll divide each break even % by 113%.

Oakland Raiders 68.75%/112.88% = 60.905%
Denver Broncos 34.48%/112.88%= 30.545%
San Diego Chargers 7.69%/112.88% = 6.812%
Kansas City Chiefs 1.96%/112.88% = 1.736%

Adding these percentages with the juice removed, we see the true odds equal 100%. The new figures are called the team’s no-vig win probabilities. These are true odds if vig was distributed equally according to the odds at this betting market. We can now change the odds into American odds format, using our moneyline converter.

Oakland Raiders 1.65
Denver Broncos 3.27
San Diego Chargers 14.68
Kansas City Chiefs 57.60

These prices represent each team’s no-vig moneyline. If the betting market we were using was efficient, these moneylines represent each team’s fair price. If we line shop and find a site that beats this price, this would be a +EV or positive expectation bet. Read more about vig, overround and juice here.

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Future Betting Tips

Often times when a bettor wagers on a future bet it is the beginning of a season for that particular sport. A multitude of things can happen during a season to affect the team, such as a key injury, the trading of a key player or a coaching change. Bettors will need to weigh the strength of their team versus the price put on them by the oddsmakers.

Future odds will update frequently throughout the season, which can provide some interesting opportunities for bettors. A large favorite who is favored to win their division or title before the season starts may start off slowly, losing its first few games. The odds for this team will decrease becoming more favorable. If you feel that this team is still valuable and may turn around their season, this may be a great opportunity to place a bet.

Teams will have ups and downs throughout the season, try to recognize the contenders from the pretenders and look for value in the bookmakers odds. Each year in leagues around the world surprise teams come out of nowhere, the less popular or upstart teams can be some of the most profitable because of their lucrative future odds.

Conclusion

Future betting in the right spots can definitely be a profitable tool for sports bettors. However, it is important to consider that a bookmaker’s edge on a future bet is much higher than that of a straight bet. A straight wager gives a bookmaker a 4.55% edge while a future bet can have a house edge of 20%, making future betting much more difficult to beat long term. A future wager in most cases, ties up your bankroll for weeks and possibly months, so future wagers may not be best for those with limited rolls or bettors who want daily action. With that said, most profitable bettors do make their fair share of future bets, the key here is line shopping at multiple sites and calculating your juice to look for value.

Ready For More?

Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.

Sports Betting Odds Explained

Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.

American Style Sports Betting Odds

Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:

American Odds

• Matchup Odds
• New England Patriots +120
• Pittsburgh Steelers -140

The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.

The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.

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A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.

Examples:

A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.

Examples:

Below is an example of NFL betting odds taken from an online betting site.

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In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).

The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.

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Decimal Style Sports Betting Odds

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Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:

If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.

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If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.

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Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.