Long Term Bet 2020: Strategy, Tips & Top Betting Sites
The long term bet sports wager is a type of wager that doesn’t follow one specific format, other than the fact that it is a wager that is focused on the future. Instead of the instant gratification of other types of betting, the futures bet allows bettors to place wagers that aren’t graded for an extended period of time, which carries a lot of positives when compared to other betting markets. In this guide to the long term bet, get long term bet ideas, long term bet tips, and find out everything you need to know about placing one of these wagers.
- Wagers focused on future outcomes
- Can be about teams or individuals
- Higher number of variables than single game wagers
- Potential for higher payouts than single game wagers
What is a long term bet?
A futures bet is a wager where a bettor is tasked with making predictions over an extended period. Unlike a Spread bet where the wager is settled within one day, a futures bet can take an entire season, or longer. These types of wagers most typically come home as futures selections, where bettors have to wager on which team is going to win the championship at the end of a sports season. But there are any number of twists that can be put on the futures bet, which include the myriad of types of wagers that we will get to later in this guide.
But no matter what type of futures bet someone chooses to place, the main gist of the wager is the same. Bettors have to place a wager and the results of that wager will play out over the course of a period of months, likely the entire season.
How does a long term bet work?
A futures bet works over an extended period, unlike the single-game tickets that most players are used to. A wager is placed before the start of a season or before the start of another designated time frame, with the goal of the wager being that it will be graded at the end of the designated period of itme. These wagers are most commonly taken on during the entirety of a season, where bettors are able to wager on which teams will win championships and which players will win awards.
Given the nature of the futures bet, the rules for those wagers are typically less flexible than other wager types. Specifically, bettors aren’t usually able to do any In-game betting for a futures bet or other kinds of exotic wagers. Instead, bettors have to sit and wait for the resolution of their wager to take place over the course of the period of time they wagered on.
How to place a long term bet
Placing a new futures bet in this market is typically very simple, with the number of options that are available to bettors usually being the most difficult component of the process. A bettor’s first step to placing a futures bet is to sign into their sportsbook account and make sure that they have a sufficient funds amount to place whichever wager they are looking to put in.
From there, bettors can choose the sport that they want to wager on. One of the big benefits to the long term bet is the fact that they are available for virtually every sport. Given that just about every sport has a championship to be played for, the futures bet market is almost universally available regardless of sport. After choosing their preferred sport, bettors can choose which long term bet they want to place. These are typically sorted into categories such as championship odds, player specific futures, and any other options that may exist to put funds into.
After selecting a wager, it’s up to bettors to decide what they want to risk by choosing their stake amount. And after picking their risk amount, bettors can lock in the wager of their choice and finalize their wagers. The futures bet market is a simple one to place, without too many steps to get in the way of attempting to win funds.
Advantages of a long term bet
There are plenty of advantages that can be associated with placing a good futures bet compared to other betting markets. One such advantage is the fact that a player’s funds are likely to last longer when making a futures bet, based on the fact that a wager often takes months to come home. For the more budget-conscious bettor, this could be a strong alternative to single-game betting. With the typically longer odds of this wager type, a win could fund a bettor’s account for a long time as well.
Also working in the favor of the futures bet is the fact that the odds for these futures wagers tend to update throughout the season. So if a bettor wanted to place a futures wager at the beginning of the season, but missed their chance, they would be able to place one later in the year. The odds often update based on what has happened to that point in the year, which serves as a good reflection on how teams are performing.
Drawbacks of a long term bet
The futures bet does have its share of drawbacks, though. Most notable among them is the fact that these kinds of bets take a long time to be graded. Instead of a single game wager that is resolved within a day, these games can tie up a player’s bankroll in some cases. Whether that is a positive or negative is a matter of preference as these bets can take a full season to come in.
These markets are also impacted by news events much more than single wagers are. Injury news and player transaction news in the middle of one of these wagers can derail even the smartest selection, whereas a single game option would have its odds changed to allow bettors to compensate for the updates on the same day.
There is also the fact that some bookmakers do not allow these kinds of wagers to be used in a multi bet. While some new bookmakers might allow this, it isn’t typical given the longer odds associated with the futures wager. No matter what rules a bettor wants to see for their long term bets, all bettors should be sure to check the rules of the bookmaker that they are placing these wagers with.
Example of long term bet
For an example of the long term bet, we will turn to the sport of football, given its popularity in sports betting. We will stick with the most popular form of football long term betting, the Super Bowl futures wager, where bettors have to predict which NFL team will win the Super Bowl. This market will consist of every team being assigned odds to win the championship before the start of the season. For the purposes of this example, let’s say that Team A is the favorite to win the title at +150 odds.
If we were to wager on Team A to win the Super Bowl at those odds, we would receive $150 for every $100 risked if that ticket was to win. Once the wager was placed, all we would have to do is keep an eye on the status of the team throughout the season to see if they were still in contention to win the title. Once the season is complete and a champion has been crowned, the wager on Team A would be graded for better or worse. When placing this type of wager, don’t forget to take these things into account to maximize the chances of a positive outcome.
- Don’t let emotion influence your decisions
- Remember that public perception does not equal reality
- Look for other options at more favorable odds for better potential payouts
Types of long term bets
There are plenty of different long term bet types that players should keep in mind when going to place futures wagers. These long term bet types all require different strategies that depend on what type of wager is being placed. But as long as a bettor can keep some important details in mind as they go to place this type of bet, they will give themselves a chance to do well at all of them.
Team futures bet
The most common type of long term bet is the team-focused futures wager. As mentioned previously, this typically focuses on which team will come away with a championship. But there are plenty of other markets that bettors can get in on that focus on the different teams in each league. Which teams will win each conference before a champion is decided is a common type of long term bet, as are preseason team over/under selections and asking whether or not teams will make the playoffs.
Player futures bets
Aside from the futures bet that focuses on which team will win games over the course of a season, there are also futures wagers that focus on individual player success as well. These markets typically come on the form of asking which player will win a league’s most valuable player award or another type of individual award. There is also the possibility for a long term bet that asks bettors about a player’s performance in certain statistical categories, which a bettor can fund their single games bets with if they win.
Use our tool to find the top long term betting sportsbooks!
Now that you understand how the futures bet works and the different kinds of futures wagers you can place, bettors can place these wagers at a number of different sportsbooks. To figure out the best sportsbook for you to place a futures bet, use our sportsbook comparison tool. Our tool looks at criteria like odds and bonus fund amounts to help you determine the top sportsbook for you based on your needs. Don’t wait any longer, and compare sportsbooks to find the best one for you today!