What Are Future Bets?
There are a lot of bets that you can take out on a sport, and each one is unique in different ways. More often than not, the clue is in the name, and this is definitely the case with a future bet. As the name implies, a future bet is a wager that one takes out for an event that is coming up in the near future, where you have to predict and bet on the outcome of that event with the information you have available at present.
While many bets are taken out before an event takes place, what sets a future bet apart is how long before the wager is placed before the event even begins, and some future bets can be made a year in advance, in some examples. Some of the most popular sports that bettors like to take future bets out on include football, baseball, rugby, tennis, cricket, and horse racing.
Some future bets don’t even apply to sport, and some even take out this type of wager on whoever is going to be the next president of a country, or which governmental body will win any upcoming elections. The nature of the future bet means that it can be used in a variety of different scenarios, making it extremely flexible and popular.
The Mechanics of a Future Bet
A future bet works just like any normal outright match, except for the time at which the bet is placed. A bettor will put some money down on an event that will take place within the next year, for example, and that’s where they will leave it. Some bookmakers do allow the bettor to change of the nature of the bet if new information comes in, but for the most part, a future bet can remained unchanged for the time leading up to the event.
The risk of this kind of bet is apparent, as it’s next to impossible to truly predict an outcome, especially when it comes to sports. Whereas betting on a simple online slots real money in Canada or playing blackjack, the bet is usually completed as soon as the game is over, which can take seconds.
A future bet is very much long-term, and due to the risk involved, the payout for a bet like can be extremely high. In fact, it is one of the most profitable bets that you can possibly invest in, and even small wagers can eventually turn into massive winnings if everything plays out in your favour by the time the event has come to pass.
Taking Out a Future Bet
It’s usually simple to take out a future bet, and it usually depends on what your bookmaker offers. Some do it on a more professional level, and spend many hours doing research on a team before investing any money.
Others prefer a more casual route, taking out a small bet because they have a feeling that a certain team will do well. If it does, then it’s a big payday, and if it doesn’t, that’s just part of the risk/reward ratio you need to accept and understand. Entertainment is a big factor in a future bet, and the thrill of waiting to see if you’ve hit the jackpot is a big appeal for many.
Future Bets in Conclusion
If you are the kind of person that does not want to constantly follow a team and make bets as they play – as this can become stressful – then the future bet is perfect for you.