Sports Betting Futures

1. Should RSBIX gain authorization to clear futures on NFL games, licensed sports betting operators would finally be able to offset the economic risk associated with an unbalanced book (by buying up exposure to the other side) and leverage their existing volume to take on additional wagers. “Right now, there isn’t a great formal mechanism to.
2. The fact of the matter is that online sports betting covers a great range of lines and odds that are available all year long. One of the most popular types of betting line out there is the futures wager. Futures odds cover just about every sport, and formulate odds that are specific to championships in a particular sport.

Futures are one of the main areas in sports betting where lines are destined to vary greatly from one sportsbook to another. If you love a future bet, look around and make sure you’re getting the best odds. The last thing you want to do is be the person who bets on a team at +400, then a day later finds them at +600 elsewhere.

If you are familiar in the least bit with sports betting, you know that it's not just about game lines and point spreads that can be wagered on. In fact, that is just the tip of the iceberg. The fact of the matter is that online sports betting covers a great range of lines and odds that are available all year long.

One of the most popular types of betting line out there is the futures wager. Futures odds cover just about every sport, and formulate odds that are specific to championships in a particular sport. We cover everything about future betting lines throughout this section and what ones you can find when looking at different leagues.

What Are Future Betting Odds?

In simple terms, future odds are betting lines formed well in advance, usually for championships, or some sort of title on the line. Futures odds can be formed months and even sometimes years in advance depending on the event. For example the World Cup in soccer can see futures wagers up four years prior. Most odds like that are not that far in the future, but that is just an example of what it could look like.

Among the most popular futures lines are Super Bowl odds, World Series odds, BCS Championship odds, and things along those same lines. You can see a theme of a championship, and overall odds to win a future event. Think of futures as a grand-scale betting line, predicting big outcomes down the road.

Understanding Payouts When Betting On Futures

One of the things about futures betting lines is that they can be some of the highest straight wager payouts of all. With the fact that wagers are made on predicting outcomes well in advance, payouts can range quite a bit. A bet can be paid down months in advance, and you can see that team's odds fluctuate quite a bit. But the good news is that once you lock into that bet and place it, you are good for that payout no matter what the betting line does the rest of the time up until the outcome is decided.

Payouts for futures will largely depend on the sport and which event is being bet. You can see favorites be at even money or better, or sometimes have 10 or 20 times that payout. That's one of the neat things about the odds for futures, is that the potential to make a nice profit on favorites is there.

NFL Future Betting Odds Explained

Futures wagers and odds for the NFL are led by bets to win the Super Bowl. Odds for all 32 teams will be formed a year in advance and kept up most of that time. They bounce up and down as the season goes and are up through the elimination of teams on into the playoffs. But it's not just Super Bowl odds that are found. Other features include odds to win the NFC or AFC, as well as division odds that are formed.

Article: How To Read NFL Betting Odds

Future Bets In Vegas

MLB Futures Explained

When it comes to MLB, there is on futures betting line that stands out above the rest. That would be the Fall Classic; the odds to win the World Series. Formulated hours after the completion of the World Series from the previous year, the futures odds for the World Series are up even in the offseason. Then other futures wagers include lines for the AL and NL Pennant and division betting lines. You will certainly notice trends among the teams and their odds in each line of futures.

Article: How To Read MLB Betting Odds

College Football Futures Explained

There are several futures odds that come up when talking about college football. National championship betting odds lead the way, as that is the biggest question every year. Bettors can cash in on some big profit should they get it right. But bets don't have to be made in the offseason. National championship futures are updated weekly at sportsbooks as well. What you find most often during the preseason are conference championship and division lines. Those are found less often during the season.

Article: How To Read College Football Betting Odds

College Basketball Futures Explained

The national championship tournament in college basketball is one of the most fun sporting spectacles to watch, and odds to win it are formed right after the national championship is decided from the previous season. Aside of championship futures at the national tournament, conference regular season, and conference tournament futures are up at different times during the season as well.

Article: How To Read College Basketball Betting Odds

NHL Futures Explained

The eye on the prize of Lord Stanley’s Cup is the dream of an NHL team. And the dream of an NHL bettor is to correctly wager on the winner of the Stanley Cup through the futures odds installed by sportsbooks. Futures odds start at the beginning of the season, but are also formed prior to the start of the playoffs. Let's not forget that as the season progresses, Stanley Cup and conference odds are routinely updated at various times.

Article: How To Read NHL Betting Odds

NASCAR Futures Explained

There are a couple of different things that you could see on NASCAR futures odds. The first that is a staple among them are the odds to win the Sprint Cup Championship. This is the season-long point’s race for the NASCAR Sprint Cup Series. This is the most commonly found futures wager, but outside of that other big races well in advance can be found. Races like the Daytona 500 to start off the season are sometimes seen.

Article: How To Read Nascar Betting Odds

PGA Futures Explained

The PGA Tour doesn't have a championship to decide, so things are a bit different. Well, there is the FedEx Cup point’s race which has a champion that futures field wagers on. But the majority of focus on PGA futures centers on the four Major Championships during the season. You can see these a year in advance. Other futures for the PGA can include the odds to win the money list for the season as well.

Article: How To Read PGA Betting Odds

UFC Futures Explained

UFC futures might feature the least amount of all. But there can be some. Fight lines for future fights go in the category of upcoming events. What futures odds can have for the UFC are odds for fights that we hope to see at some point down the line. You likely won't see a fight line, but you can see a bet on whether or not a certain fight will take place by a certain date.

Article: How To Read UFC Betting Odds

Bovada Sportsbook - Best Sports Betting Site For Betting On Futures

If futures odds are what you seek, then Bovada Sportsbook is your go-to source. Futures odds for every sport and league on site have a section dedicated to them. Bovada has arguably the most comprehensive selection of different futures for their bettors. Whether you are trying to find Super Bowl betting lines, Stanley Cup odds, or BCS Championship odds, Bovada has it all and then some.

Signing up with Bovada is as easy as 1, 2, and 3. All that is needed is a few pieces of basic information to open your account, complete with a login. To bet real money, depositing can be done in a multitude of ways. The most popular form of deposit is Bitcoin. They are a fast way to fund an account as well as the most secure. They are also free to use. Currently, Bovada has a new member bonus of an initial deposit match of 50%, up to $250 is free bets. That’s extra bets you’ll have to place on futures or anything else you’d like.

What Is the Future of Sports Betting in 2020

Computer algorithms are the next wave of computer programs being applied to sports betting. Sports betting has become a database of statistics and trends to follow with computer programs and algorithms for support. New insights and better analysis are needed for success. What will the future of sports betting look like by 2020.

• Almost all sports betting will take place online. Bettors will use their smart phones or computers to place bets – in real time.

Smart phone apps are readily available from most of the major Las Vegas sportsbooks and casinos. Estimates of all Vegas sports bets via phone apps is 40%. Bettors like the convenience of betting from home or elsewhere without going to a sportsbook. The sportsbook operators prefer bettors in their casinos but they will take any outside action to increase their handle. The other majority of bettors like the festive atmosphere and other benefits of visiting their favorite casino sportsbook.

• Large tech companies will emerge as mega bookmakers.

Sports Betting Future Odds

The changing landscape of sports betting revolves around digital applications. Tech and media companies like Google and Microsoft are carefully following the laws regarding sports wagering. When businesses that make billions from digital platforms jump into the sports betting industry, you can assume the entire landscape is set to change. If the innovations that tech companies bring to other industries is any indication, the sports betting world will witness some significant changes. They will compete against established U.S. and international sportsbook operators and likely force these operators to compete in new and innovative ways to increase market share.

While predictive technology is gaining ground, it may be a few years to implement a global sports betting network. With tech companies entering the sports book making world, who knows what new advantages or profit making techniques they will provide. It is all in the algorithm as the new saying goes. Sports analytics is more refined with better detailed information.

• Sports leagues will profit directly from legal sports betting activities

The majority of pro leagues are favoring online sports betting and are beginning to understand ways to increase profits. League officials have already partnered with gambling-related firms and data companies to create opportunities for shared profits. Adam Silver, NBA commissioner, has provided his support for legalized betting and his willingness to work with companies that operate mainly through legal loopholes. The NHL approved their latest franchise expansion team in Las Vegas, Nevada. The Las Vegas Golden Knights is a big success within a legalized sports betting environment. The NFL is allowing the Oakland Raiders to move their franchise to Las Vegas and their new stadium by 2020.

The NFL is against legalized sports betting but the league approved the Raiders move to Vegas with the legal wagering atmosphere. The NFL has their lofty image to portray to the public and will probably not be a part of any shared gaming revenue. But other leagues around the world will be part of a shared sports betting consortium to distribute fee based revenue in partnership agreements.

• The U.S. online sports betting market – post-legalization – will be the largest in the world and will energize the entire global market of sports betting.

This year, 97% of the 4.5 billion bet on the Super Bowl were placed illegally. This is nothing new as detailed investigations by The New York Times and Congress shows how bookmaking sites operate in the U.S. under the legal radar.

The U.S. Congress has begun reviewing federal laws regarding gambling and will likely introduce legislation relating to online sports betting. The US Supreme Court has delayed its ruling on the federal ban on sports betting outside of Nevada, Delaware, Montana, and Oregon. New Jersey sued to overturn the ban for its Atlantic City casinos and horse racing tracks to offer sports wagering.

If the legalization does go through, Microsoft already has a patent for real-time bet placing through mobile devices and online sites. The Las Vegas books have a sports betting monopoly and will be the leaders if federal legislation removes the ban for other states to start a sports betting platform. Microsoft will just be another player in the field but their name recognition will provide trust and acceptance.

A widespread fully mature online sports betting market in the U.S. would be the largest such market in the world, according to research from the industry trade publication GamblingCompliance. When the U.S. gets to that point, sports betting will have changed from the way bets are placed, what games and events are the most popular to bet and who is taking the bets. More sports data analytics service providers will support bettors with in-depth handicapping tools.

“Providing a mechanism for a state to legalize [sports betting] doesn’t have to be rocket science,” said Sue Schneider, an industry veteran who has testified before Congress and consults on gaming issues. “The rest of the world has been doing this successfully for decades. We just need to look around to see the best practices”.

• Pro sports leagues want public bettors

The NFL, NBA and NHL have deals with Sportradar, a Switzerland-based conglomerate that is the parent company of Betradar, a major player in the global sports betting industry. Major League Baseball has partnered with Genius Sports, a multi-faceted gambling data firm located in London. Even the NCAA has a commercial affiliation with Sportradar, with the Pac-12 conference using the services of CG Analytics, a subsidiary of a prominent Nevada sportsbook.

These partnerships represent a profound shift in the leagues’ position on line monitoring, the task of tracking gambling data in an attempt to identify unusual moves or unnatural money. The integrity of any sport is a major reason to oppose regulated sports betting.The ability to track statistical data and closely monitor sports through high tech software is prevalent. The old style concerns were relevant a few years ago but have faded with the high tech digital watch dog techniques. It will never be 100% foolproof but is a great deterrent.

With better safeguards in place to counteract any suspicions, the sports betting industry is becoming more self-regulatory.

While the leagues’ stances are shifting gradually, experts say legal sports betting is still years away from arriving at your local casino or mobile phone. It could be legal by 2020 but the betting platforms need to beta test and gain acceptance. The legal betting structure in Europe is well established and Las Vegas is the best platform in the world to learn from and implement.

While business is booming, Nevada remains a small portion of the enormous American sports betting pie. Experts estimate more than 90 percent of all sports betting in the U.S. takes place outside of Nevada, mostly through offshore sportsbooks located in the Caribbean and Central America. That behavior must change if the U.S. market is going to fully mature, but moving bettors from the unregulated market to a newer legal one is difficult but a welcome change.

There are dozens of online books, the largest handling more than a $1 billion a month during football season. The offshore industry has evaded U.S. laws and continues to serve America’s thirst for sports betting without the added costs of regulation. It is going to take more than just offering competitive odds for a new regulated market to hurt the established offshore market.

The offshore operators will remain very competitive with their menu of bets, props and live betting. I see a much better variety of bets with off-shore accounts especially their extensive live betting options. It is superior to any Vegas book offering live betting. Off-shore operators will continue to thrive if US approves legalization. Besides, off-shore books will be legal like any state operator and will have a better market position. US bettors will probably double or triple in volume if legaliztion happens. Off-shore books might lose 30 to 40 percent of their American base, but bettors can mix and match to find their betting zone between the states and off-shore.

• A global sports betting network will be a great hedge for all sports bettors

An open betting policy on a global platform is the future of sports betting. The United Kingdom is at the forefront of sophisticated online betting software and the array of betting options available. The UK had an open door policy for US bettors to join and place bets on US sports using the popular Neteller clearing house for fast and cheap money transfers.

My accounts with spread betting operator Sporting Index and the Matchbook Exchange was a great betting experience. This happened before the 2006 Port Security made it illegal for Neteller and UK betting operators to accept US bettors. Our government crackdown and threats caused Neteller and UK betting providers to close shop to all US bettors. They lost around 50% of their online business. A complete travesty as our politicians attached the illegal gambling act onto the Port Security Bill. One had nothing to do with the other, but Bush had to sign it to look good.

A legal sports betting environment will subdue the barriers of the past and upgrade the future of sports betting with global interaction. The betting options and hedge positions will be numerous with bettors comparing fixed odds betting in the states with spread and exchange betting in Europe. Global peer to peer betting action will play a large part of the sports betting industry. Bettors will be using Bitcoin or Litecoin to bet directly with other bettors.

You will be amazed how many opportunities for bettors to learn and participate in the emerging sports betting industry. The market upgrade potential is serious money beyond the half-trillion mark and the time has come to make it legal and regulated. The sooner the better !!

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