Futures bets are wagers placed on events that will not be decided until later in the future. These bets usually refer to season-long outcomes, such as championships, award winners, or stats leaders at the end of a season or tournament. As such, their shelf life is much longer than regular game-by-game sports bets. However, while it may take longer for a futures bet to be settled as a winner or loser, the long timespan covered by the wager often presents greater value for sports bettors who have expert knowledge in a specific team, league, or player.
Futures bets are popular with bettors who like to keep a bet open throughout the full duration of a season, and are often placed to kick-start a sports bettor’s betting “season” with a particular sport. Some also like to combine futures bets into season-long parlays that can offer potentially lucrative returns.