Ohio sportsbooks go live and the industry has been on a roll. People love to bet on who will emerge victorious in the upcoming games. But what about betting on the future?
Futures are a great way to add some excitement to your sports betting in Ohio, and it’s easier than you might think. Here we will explain how futures betting works and give you some tips to help you get started.
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What is Futures Betting?
Different sportsbooks have their own future betting market, and it is important to understand how each book works. Generally, the bets involve predicting who will win a championship or division title at the end of the season or who will lead in statistical categories such as points scored or assists made.
How Does Futures Betting Work?
Futures betting is quite simple. All you need to do is identify the event you want to bet on, choose a team or player, and place your wager. Sportsbooks release Futures odds even before the season starts, so you can get a head start on the market.
Futures betting is usually for long-term leagues or tournaments, like NFL, MLB, and NBA. The odds will change as the season progresses, and bettors have to be careful to not over-invest too early because they could end up losing money if their team doesn’t perform well.
Examples of NFL Futures
- Which team will win Super Bowl LVII?
- Who will have the most passing yards?
- Who will be the league MVP?
- Who will be the NFL Defensive Player of the Year?
Examples of NBA Futures
- Which team will win the NBA title?
- Who will be the season-scoring leader?
- Who will be the NBA’s Most Improved Player?
- Who will be the NBA 2023 Number 1 Overall Pick?
Examples of MLB Futures
- Which team will win the World Series?
- Who will have the most home runs in a season?
- Who will be the American League Cy Young Award winner?
- Which pitcher will throw the most strikeouts in a season?
Examples of NHL Futures
- Which team will win the Stanley Cup?
- Who will have the most goals in a season?
- Who will be the NHL’s Most Valuable Player?
- Which goaltender will win the Vezina Trophy?
Examples of MLS Futures
- Which team will win the MLS Cup?
- Who will be the MVP of the season?
- Who will lead in assists?
- Who will have the most goals scored by a rookie player?
Tips for Successful Futures Betting
Before placing a futures bet, it is important to familiarize yourself with the sport and its teams or players. This will help you make an informed decision and increase your chances of winning.
Another tip is to shop around for the best odds. Different sportsbooks offer different lines and payouts, so compare them carefully before placing your wager. Bonuses and promotions like bet insurance and bet credits can also be a factor, especially for bettors with tight budgets.
Finally, never bet more money than you can afford to lose. It’s easy to get carried away with the thrill of betting, but it’s important to remember that there is always a chance of losing your money on any bet. So, be sure to gamble responsibly.
