How Do Bets on NFL Futures Work?

How Do Bets on NFL Futures Work
September 13, 2022

When placing a bet on the outcome of an event, there are two main types of wagers that can be made: the money line and the point spread. The money line is a simple bet where the gambler bets which team will win the game outright. The point spread is more complicated and is designed to make betting on both teams equally attractive.

In this blog post, we will explain how NFL futures bets work. We will answer all questions that you may have about this type of wager, and provide you with a comprehensive overview of how to place a futures bet on the NFL. Let's get started!

Overview

NFL futures bets are wagers that are placed on the outcome of a future event. The most common type of NFL futures bet is the Super Bowl winner bet, where gamblers can place a wager on which team they think will win the Super Bowl before the season even starts.

These types of bets are usually made months in advance of the event, and the odds will change as the season progresses. For example, if you place a bet on the New England Patriots to win the Super Bowl at the start of the season, your odds may be +700 (meaning you would win $700 for every $100 you bet). But if they make it to the playoffs and their odds improve to +350, your potential payout would be much higher.

Types of Bets

There are a few different types of NFL futures bets that can be made. The most common type is the Super Bowl winner bet, where you pick which team you think will win the championship.

You can also bet on divisional winners, conference winners, and even MVPs and Rookie of the Year recipients. These types of bets usually have longer odds since there are more possible outcomes, but they can be very profitable if you make smart picks.

The last type of NFL futures bet is the season win total bet. This is where you bet on whether a team will win more or less than a certain number of games. For example, if the Patriots have a season win total of 11.0, you can bet on whether they will win more or less than 11 games.

This type of bet can be very difficult to predict since there are so many variables that can affect a team's performance throughout the season. Injuries, weather, and even luck can all play a role in how a team does from one year to the next.

NFL Futures Bets’ Advantages

Now that we've gone over the different types of NFL futures bets, let's take a look at some of the advantages of this type of wagering.

  • One of the biggest benefits of betting on NFL futures is that you can make a lot of money off of a small bet.
  • You can hedge your bets by placing multiple wagers on different teams. This way, even if one team doesn't perform as well as you thought they would, you still have a chance to win some money if another team does well.
  • Futures bets are a great way to get in on the action early. If you place a bet on a team at the beginning of the season and they make it to the playoffs, you'll be able to watch them throughout their journey and root for them to win.

NFL Futures Bets’ Disadvantages

Of course, there are also some disadvantages to betting on NFL futures.

  • One of the biggest dangers is that you can lose a lot of money if you don't know what you're doing.
  • The odds can change dramatically from when you place your bet to when the event actually happens.
  • Some people simply don't like the idea of waiting months to find out whether or not they've won or lost their bet. If you're the type of person who likes to get results immediately, then futures betting may not be for you.

Conclusion

NFL futures bets are wagers that are placed on the outcome of a future event. The most common type of NFL futures bet is the Super Bowl winner bet, where gamblers can place a wager on which team they think will win the Super Bowl before the season even starts.

Hope this blog post helped explain how NFL futures bets work! If you have any questions, feel free to leave a comment below. Good luck and happy betting!

0
Betslip