In this article, we are going to look at one of the most common and popular forms of wagers for new sports bettors: futures bets. We cover everything from the basics of futures bets, pros and cons, futures odds, sports available for futures bets, and the best futures betting Maryland sites. If you are interested in this information, keep reading.
Guide to Futures in MD
Futures bets are bets that are placed on future events. They are most commonly placed on professional team sports like football, basketball, and baseball, but some sportsbooks offer futures bets on college sports and individual sports.
The Maryland sportsbooks we discussed above are some of the best for Maryland futures betting. Whenever you wager a futures bet, make sure to read the odds carefully and make sure that the bet is worth the risk first.
Best Sportsbooks in Maryland for Futures Betting
DraftKings is a favorite for futures bets. They offer great odds that set the stage for many other sportsbooks. They also offer many unique bets, such as futures bets about college football. DraftKings comes with a $1050 bonus for new users.
BetMGM is very similar to DraftKings. They offer great futures betting opportunities and offer great free bets. New users get a $600 bonus, but all users are welcome to a $10 free bet every week.
Fanduel Sportsbooks is a favorite because of its high-end interface. The high-end interface makes it easy to understand their odds and place informed futures bets. Fanduel offers a $1000 risk-free bet for new users.
Pointsbet is a leading sportsbook in terms of new user bonuses. They offer up to $2000 for new customers. On top of that, they offer a wide variety of bets, including futures bets, for your convenience.
If you want a sportsbook that offers both website and app capabilities, Barstool Sports is your pick. They offer great bets and odds for futures bets, and their many playing formats make it much easier to wage bets. They offer a $500 bet for new customers.
What are Futures in sports betting?
Futures sports betting is very easy to understand, which is why it is a favorite among new sports bettors. A futures bet is placed on a sporting event that will happen in the future.
Most often, these events reflect the entire season of the sport. For example, futures bets are most often placed on end-of-the-season events, such as playoffs, championships, titles, and season stats.
You can place futures bets before the season starts, at the beginning of the season, or throughout the season. Note that the odds will change as the season progresses.
Factors such as players and trades will often determine the stats at the beginning of the season. As the season goes on, game results, injuries, and other unforeseen situations will affect the odds.
Pros of Futures betting
- Plus-Money Return: All wages placed will result in higher earnings if won.
- Many Opportunities to Place Bets: You can place futures before the season begins, at the beginning of the season, or throughout the season for convenience.
- Many Futures Bets to Choose From: Futures bets can be placed on many different aspects of team sports. You can bet on championships, MVPs, rookie of the year, draft picks, total wins and losses, and more.
- Requires Less Research: You only have to research the futures odds, not each individual game that the team will play.
Cons of Futures betting
- Big Sportsbook Advantage: Since the odds are constantly changing, there is a huge advantage for sportsbooks. Because of the advantage, many futures bets are not worth the risk.
- Money Will be Tied Up: Unlike single-game wagers, you have to wait until the end of the season to get your payout.
- Odds Constantly Change: Many factors can sway the odds, such as injury or game performance. This means it can be difficult to pick which team will win.
How do you read future odds?
One of the most important aspects of any sports bet is being able to read the odds, and this includes futures bets. Being able to understand the odds can help you make a more informed decision for your wager. Futures odds are pretty straightforward to read, making them a great choice for beginners.
Most sportsbooks will display the odds in a list format. This list will offer the teams ranked to win in order of most likely to least likely. The team name will be displayed on the left, and their odds will be displayed on the right.
Because all futures bets are plus-money returns, the odds will be displayed with a +. You might see +500 or +1000, for example. This number tells you your earnings if you wage $100. It is important to note that you don’t have to bet $100 for futures bets. $100 wagers are just used for odds calculation because it is easier to understand the math.
Futures odds example
It is easiest to understand futures odds with an example. If you are a big MLB fan, you will likely want to place a futures bet on the World Series. According to the futures odds MLB, the Baltimore Orioles have +25,000 odds, whereas the Los Angeles Dodgers have +340 odds.
With these odds in mind, the Los Angeles Dodgers are the favorite to win the World Series at the moment, whereas the Baltimore Orioles are down on the list. If you bet $100 on the Dodgers, you will win $340. In comparison, you will win $25,000 if you put $100 on the Orioles.
Notice that you will win less if you bet on the Dodgers. This means that you have to put a lot more money on the line if you want to win big when betting on the favorite. In comparison, you win a whole lot if you bet on teams down the line, but these teams are less likely to win.
What types of Futures bets are available?
There are many types of futures bets available, and they most often depend on the type of sport you prefer. Team sports most commonly have futures bets, but a few individual sports do as well. Some of the most common sports that feature futures bets include the following:
- NFL futures
- MLB futures
- NBA futures
- NHL futures
- PGA futures
- College football futures
- College basketball futures
The NFL is one of the most popular sports for futures bets. Some of the most popular NFL futures odds bets include:
- What are the odds for the Super Bowl?
- Rookie of the Year
- Total wins for individual teams
- Division championships
- Playoff odds
- Draft picks
Just as with any other sport, you make NFL wagers based on the future odds of the NFL.
As you probably figured from our Baltimore Orioles example, MLB futures odds are popular too. You can make a variety of futures bets like:
- World Series winner
- Cy Young Award
- MVP player
- Player with the most home runs
MLB futures betting offer more wager options than what is listed. MLB has some of the most versatile and flexible futures betting options. These are just a few of the most popular examples.
As you would expect, NBA futures odds are also very popular. You can make a variety of futures bets, including:
- Final champion
- Rookie of the Year
- Coach of the Year
- Individual team total wins
- Series playoffs lineups
- Draft picks
NHL futures betting is very similar to NBA futures betting since the nature of their playoffs is very similar. You can make many types of bets. Some of the most popular include:
- Stanley Cup champion
- League Rookie of the Year
- Playoff series standings
- Individual player stats
As we have already mentioned, most individual sports are not available for futures bets. Golf is one of the few exceptions. You can make various futures bets based on the outcome of popular tournaments, such as the Masters, U.S. Open, British Open, or PGA Championship.
Not all sportsbooks allow futures bets on college sports, but college football and college basketball may have some options. As for college football, you can wager about the national championship, conference championships, player of the year, and draft picks. Similarly, you can place futures bets on the NCAA tournament, college basketball teams’ overall wins, the Naismith Award, and draft pick.
FAQ’s About Futures betting Maryland
Can future odds change?
Yes. Future odds will change based on game outcomes, injuries, and other factors that impact the game.
When do I get paid for futures betting in Maryland?
You will not get paid for your futures bet until the end of the season or the end of the playoffs.
What do I do if I accidentally place a futures bet?
If you accidentally placed a futures bet, you need to contact the sportsbook immediately. Most sportsbooks do not offer cancellations on futures bets. However, some do offer refunds if it is very clear that the bet was placed on accident.
Can I parlay futures bets in Maryland?
It depends on the site you use. Certain sportsbooks offer parlays on futures bets, whereas others do not. Check with your sportsbook to see if parlays are allowed.
What is a good strategy for futures bets?
Many people prefer to pick a team that has a good chance of winning but is not ranked number one. This can get you a little bit more winnings, and it does account for injuries and other things that can occur throughout the season.