STATEN ISLAND, N.Y. -- Tired of betting day by day? Looking for a longterm bet with a potentially huge payout?<\/p>\n
Welcome to the world of future bets.<\/p>\n
Want to bet on March Madness?<\/p>\n
See the best NYC Sports Betting sites<\/p>\n
Like the name implies, future bets allow gamblers to wager on longterm outcomes that wont be decide until a later date.<\/p>\n
Most future bets center around end-of-season results, like which team will win their division, which team will finish with the best regular season record or which team will ultimately be crowned champion.<\/p>\n
Because the field is so wide for future bets, with numerous teams all capable of finishing with the best record or winning the championship, bettors will typically receive plus-money odds when betting futures, even when wagering on the projected best teams.<\/p>\n
{Bet $5 and win $200 in free bets at DraftKings}<\/p>\n
For example, lets take a look at the futures odds for the 2022 MLB World Series.<\/p>\n
The Los Angeles Dodgers are currently listed as the favorites to win the upcoming World Series, according to the latest odds from FanDuel.<\/p>\n
However, despite being viewed as the most likely winner, the odds are still listed at +600, meaning a $100 wager would win $600, should the Dodgers take home the title.<\/p>\n
And the odds only get more and more lucrative as you go down the line and bet on other contenders, dark horses or long shots.<\/p>\n
For example, the Chicago Cubs are currently listed at +15000, meaning a $100 bet would result in a $15,000 win, assuming the team were to go on an unforeseen run to the title.<\/p>\n
Like all other odds, futures odds are set by determining the projected probability of an outcome and then setting corresponding odds based on that projected probability.<\/p>\n
The +600 odds being offered on the Los Angeles Dodgers means sports books are currently projecting the team to have a 14.29% of winning the World Series, while the +15000 odds on the Chicago Cubs means that teams World Series chances are projected to be just 0.66%.<\/p>\n
Note: Online\/mobile sports betting is now legal in New York state, but wagers on in-state college teams, such as St. Johns and Wagner College, are still prohibited for both home and road games even if played in another state.<\/p>\n
If you or a loved one has questions or needs to talk to a professional about gambling, call 1-800-GAMBLER or visit 1800gambler.net for more information.<\/p>\n
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Read more here:<\/p>\n
NYC sports betting: What is a future bet? How do they work? - SILive.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" STATEN ISLAND, N.Y. -- Tired of betting day by day? Looking for a longterm bet with a potentially huge payout? Continue reading