Betting on MLB futures refers to wagering on any long-term market, often meaning that most bets aren’t settled until the season is over. Examples of MLB futures bets include predicting which player will win the MVP award, or which team will win the World Series. The odds for most MLB futures bets are set in the preseason, which is a great place to find value since odds can only be so accurate before regular-season games are actually played.
For example, the Toronto Blue Jays are a young up-and-coming team. They went to the MLB playoffs in 2020 but were quickly eliminated. In 2021, they missed qualifying for the playoffs by a single game. In 2022, they were swept in the wild-card round. Despite this, the Jays had one of the best offenses in baseball and pitching improved as the year went on. Given their current trajectory, placing a futures bet on them to make the MLB playoffs going forward could prove valuable.
MLB futures bets don’t have to be made in preseason and can be wagered throughout the campaign, but the former is usually the smart way to go as the odds will fluctuate throughout the season depending on teams' and players’ performances. On the other hand, that can also be an advantage. For example, if a strong team get off to a slow start, it may not be a bad idea to place a futures bet on them making the MLB playoffs if you believe they are likely to turn things around.