Futures Betting Strategy: 5 Tips to Help You Win Big (Consistently)
Since you’ve made it this far in our betting guide, you’re obviously interested in betting on futures. And that’s a good thing because this is one of our favorite types of bets. So, to help you make some money, we have provided five useful tips that will always be effective.
Tip #1: Don’t bet too many units on one wager
We’d all like to think a certain team is a “lock” to win the NCAA Tournament or the World Series, but there’s no such thing as a lock.
If you ever find a supposed sports betting “expert” try to sell you on a lock, walk the other way.
Anything can happen in sports. Some of the weirdest, most improbable outcomes will occur when you’re least expecting it. In 2014, the Kansas City Royals came out of nowhere to win the American League pennant after 29 consecutive seasons of missing the playoffs. No one saw it coming. Heck, the players on the team probably couldn’t have envisioned making the World Series that year in Spring Training.
For that reason, it’s very important that you don’t go crazy on futures bets. Duke had three lottery picks in 2018-2019 and still only made the Elite Eight. You just never know. If you bet too many units on one or two futures wagers, you won’t have much money leftover and will have far too much at risk on just one or two bets.
Tip #2: Go for value, which may or may not be the favorite
You might think one team is the best in the league. But that doesn’t necessarily mean you should bet on that team to win it all when it comes to futures betting. If most of the general public is hopping on the bandwagon and betting on that team to win, you’ll likely find better value elsewhere. You’d be surprised at how often the heavy favorite, a team that everyone expects to win it all, fails.
Remember, you don’t have to win every bet. You just have to win enough to turn a profit. So, if you bet $100 20 times on 5/1 odds and win half of those bets, you’ll turn a $4,000 profit ($500 per win x 10 – $100 per loss x 10). Although you lost half the time, you still won big.
Now, that doesn’t always mean the best value isn’t to bet on the favorite. There will be times when you’re just so certain the favorite is going to win that you can throw the mediocre odds out the window.
Tip #3: Consider betting on multiple teams and players
Betting futures is sort of like roulette except you can actually beat the house in the long run if you’re skilled. In roulette, there are 36 numbers plus the 0 and 00. Most who bet on individual numbers in roulette place chips on multiple numbers. And why not? It increases your chances of winning. If you put $10 on five different numbers – all at 36/1 odds – and one of your numbers hit, you’ll get paid out $360 while losing $40 for a $320 profit.
That’s often the smart play when it comes to futures betting. Like we’ve already mentioned, you can’t ever be sure a certain team is going to win. So, why not bet on multiple teams or players so that your odds of winning increase?
Sure, you’re putting more at risk this way. But you’re also increasing your chances of winning so it’s a smart play. If you bet on a 6/1, 10/1, and 12/1 to win and one of those teams comes through, you are guaranteed a profit, assuming you evenly split your wagers.
Tip #4: Don’t bet on a team because you’re a fan
We all have teams we live and die for, and there’s nothing wrong with that. Cheer on your favorite team when they play like you have a million bucks riding on the game. But it’s usually best to refrain from betting on teams you can’t objectively analyze. If you aren’t passionate about any team, you can go ahead and move on to Tip #5.
For the rest of you, we can’t stress this enough. It’s simply not a smart decision to put much money, if any at all, down on a team you are emotionally connected to. The reason for that is because you probably aren’t going to be objective. If you want to put down $20 just for fun on your team to win it all, be our guest. Losing $20 isn’t going to crush your bankroll or put you out on the streets.
Just make sure you aren’t wasting too much money because you have a “hunch” your team is due. That’s all we’re saying.
Tip #5: Put in effort researching
Before placing any futures wagers, make sure you’ve done your homework. That means researching trends, analyzing the talent on the roster, and comparing that team to others in the league. The more effort you put into this, the more money you’ll make.
Betting on sports isn’t easy. It requires research and getting to know the teams involved, unless you have no interest in winning money. You can’t just throw darts and expect to win big.
The best handicappers know more about the teams than the average fan. And that’s why they win. They find value where most can’t and are always researching trends, watching games, and finding spots where they have an edge. If you put in the work like a top handicapper, you’ll win big.