Don’t be scared off if the word ‘futures’ sounds like a complicated stock market term. Basically, futures betting is simply wagering on an event or outcome that will happen in the future.
For NFL bettors, this usually means odds to win the Super Bowl. For college football bettors, this usually means odds to win the college football national championship.
How does futures betting work in the NFL?
There are several types of NFL futures but the most popular and commonly wagered one is Super Bowl futures. As soon as one Super Bowl champion is crowned, odds go up on which team will win next year’s Super Bowl. And those odds will change all season long, based on the NFL draft, NFL free agency, injuries, hot streaks, slumps etc.
So, in the preseason, there are Super Bowl futures. In Week 1, there are futures. Teams rise and fall as they win or lose. A long-shot team in September at 35-1 might be 5-1 in December if they win 8 straight games. A preseason favorite might end up 50-1 because of injuries.
NFL bettors can also bet on division futures (which teams will win each division), conference futures, NFL MVP futures, Defensive Rookie of the Year futures, which quarterback will throw the most touchdown passes etc etc.
How does futures betting work in college football?
College football futures betting revolves around two main markets – odds to win the national championship and odds to win the Heisman Trophy as best college player. There are futures on SEC championship, Big 12 title and most of the other BCS conferences, but there is much less wagering on those futures.
And in college football, with its short list of marquee programs that serve as NFL factories, there are usually only a few teams with legit chances to win. You know the usual suspects – Alabama, Clemson, Ohio State, LSU, Auburn, Oklahoma.
There will also be cross-over futures around the NFL draft where college players will be listed as top players for NFL teams to select.