If you’re a bettor, one of the best starting bets to know are futures bets. To find out more about this staple wager in sports betting, read on. This article explains futures sports betting, including reading the odds, sports available for this wager type, pros and cons, and more. So without further ado, let’s jump right into futures bets and odds.
Betting on Future Events – MD
Futures bets can be a great wager if you are committed to waiting the entire season to see the end results. By reading the futures odds and being patient, you can wager on the end results of a favorite team that may win at all. We recommend using the Maryland sportsbooks offered above because they are easy to use, reliable, and provide different futures options.
Best Sportsbooks in Maryland for Futures Betting
If futures bets sound right up your alley, you need to know which sportsbooks offer them. Luckily, the most popular Maryland online sports betting sites all offer futures bets. Most of their odds are about the same too. Here are our favorite sportsbooks in Maryland for futures betting.
DraftKings is one of the top sites for futures bets and other types of bets. They offer leading odds and unique bets that make the game more fun. For example, they offer college football futures and matchups. When you sign up, you can get a new user bonus worth up to $1050.
Fanduel offers great futures bets for beginner bettors. Their design is super high-end, making the website easier to use and navigate, which is a huge plus. Fanduel also offers a $1000 risk-free bet that new users can use.
BetMGM Sportsbook is a leading site for all things sports betting, including futures. In terms of free bet promos, BetMGM is the leader. You get a $600 risk-free bet when you first sign up and a $10 free weekly bet as you continue to use the sportsbook.
Pointsbet is another great option for futures betting. This is an excellent site if you want more unique futures bets. They offer the best free promo for new users too. You get two risk-free bets, adding up to $2000 in total.
Barstool Sports offers great futures betting options and good odds. We especially like Barstool Sports because they have multiple playing formats. You can play on your computer or on your phone. They also offer a $500 risk-free bet for new customers.
Futures Sports Betting Explained
Futures bets are very simple wagers that act just as they sound. This wager will be placed on events that are in the future, and they often are based on the entire season.
For example, common futures bets are wagered on championship games, MVP titles, or other awards that happen at the end of the year. Future bets can also be placed on the total wins or losses of individual teams and other stats.
You can start placing futures bets at the beginning or right before the season begins. However, you can continue placing futures bets as the season rolls on. The odds for the teams will change throughout the season. Injuries, trades, and playing abilities all impact their odds dramatically. So as the futures odds change, so too will the money on the line.
Reading Futures Odds
Whenever you go to place a futures bet, you will need to read the futures odds. Luckily, reading futures odds is pretty simple. Just about any sportsbook will offer futures odds. These odds are provided in a list format and ranked from teams most likely to win to least likely. The names of the teams will be listed on the left, and their odds will be on the right.
In the odds column, you will see all positive numbers. This means every number will have a plus or positive sign beside it. For example, you may see odds such as +500, +2000, or +100,000. This number tells you how much you will earn based on a $100 wager.
Futures Odds Example
An example may help. Currently, the Baltimore Orioles are not very likely to win the 2021 World Series. They have +25,000 odds. Based on this estimate, you would win $25,000 if you bet $100 on the Orioles winning the series.
In contrast, the Los Angeles Dodgers are the favorite to win. They have +340 odds of winning the series. Their odds tell you that you would win $340 if you bet $100.
This example brings up a very important point for futures odds and payout. The more likely the team is to win, the less you will earn. So by betting on the top teams, you have less potential payout, but you are more likely to get anything. In contrast, you can win big when betting on the lower-ranked teams, but you are less likely to get anything since they are lowly ranked.
Sports for Futures Bets
Futures bets are really common with beginning sports bettors partially because these wagers are available for all of the most popular sports in America. Many sportsbooks will offer future stats for both professional and collegiate games. Here’s a quick look at the sports that are most popular for futures bets:
- MLB futures
- NFL futures
- NBA futures
- NHL futures
- PGA futures
- College football futures
- College basketball futures
If you notice, almost all of these teams are sports teams, with the exception of golf. Futures odds are typically only available for team sports. PGA comes with some futures odds options, but they are more limited.
MLB Futures – Maryland
Nearly all Maryland sportsbooks offer futures odds for MLB. You can wager on many features in the sport, including the World Series winner, Cy Young Award, or MVP player. More so, MLB futures betting offers wagers for specific teams, such as the team’s total number of wins.
NFL Futures in Maryland
Sportsbooks love to offer NFL futures odds. NFL futures bets are especially popular in Maryland. There are many types of futures you can place on the NFL. What are the odds for Super Bowl, MVP, rookie of the year, division champion, and playoff odds are just a few common futures bets placed within the NFL.
NBA Futures in MD
NBA futures betting is highly prevalent as well. Much like the top two choices, there are plenty of things you can place futures bets on in the NBA. For example, you can bet on the final champion, rookie of the year, total wins, coach of the year, and series playoffs.
NHL Futures – Maryland State
NHL futures betting is not as popular in Maryland, but most sportsbooks still offer quite a few wagers in the league. Most of the NHL futures bets are very similar to NBA bets. You can bet on the Stanley Cup champion, rookie of the year, playoff series standings, and much more.
PGA Futures – MD
Golf is one of the few individual sports that offers futures sports bets. Naturally, the wagers are more limited than the other sports we have looked at thus far, but there are some common wagers you can place, such as the Masters, PGA Championship, U.S. Open, or British Open.
College Football – Futures in MD
Specific college sports can have futures bets too. For example, college football tends to be very popular. As a result, you can place futures wagers on the national championship, conference championships, player of the year, and draft picks.
Futures on College Basketball
Futures bets on college basketball are very similar to college football. You can wager about the NCAA tournament, overall wins, Naismith Award, and draft picks.
Is Futures Betting in Maryland Right For You?
Now that you have learned the basics of futures bets, you may be wondering if this form of bet is suitable for you. Unfortunately, even though this is a really basic wager for beginner sports bettors, it isn’t right for everyone.
Generally speaking, futures bets are a good choice if you have a high potential payout and you’re far enough in the season that you have a good chance of selecting the winner. In contrast, you might not want to place futures bets if there is not a high enough potential payout or you don’t have enough time to wait for the season to finish for your payout.
Pros of Futures
- Plus-money return
- Place bets at the beginning of the season or throughout
- Many futures bets to choose from
- It does not require as much research about individual games
Cons of Futures
- The big house advantage for the sportsbooks
- Money will be tied up for a long time
- Many factors can sway the odds
- We need to do the math to make sure the wager is worth the risk
FAQ’s About Futures Betting in Maryland
When is the payout for futures bets?
The payout for futures bets is often at the end of the season. Depending on the future, you may have to wait for the playoffs to be finished as well.
Can I cancel my futures bet?
No. You cannot cancel futures bets. However, if you accidentally placed a futures bet, contact the sportsbook. Most will offer a refund, but it is up to their jurisdiction.
Can I parlay futures?
Some sportsbooks allow you to parlay futures bets, but not all.
How do I know if a wager is worth the risk?
Looking at the odds and using a futures bets calculator can help you determine if a wager is worth the risk. You want to consider chances of winning and potential payout when determining if a wager is worth it.
Do futures odds change?
Yes. Futures odds change throughout the season. With every game, call, injury, and more, the odds for your selected team can and will vary.