These are most often ranked from best chances to win to worst.Īs an example, the opening 2023 Super Bowl odds have the Kansas City Chiefs set as the favorites to win, listing them at the top of the futures odds at +600 (win $600 on a $100 bet). Whatever odds the futures bet is placed at are locked in for the bettor, regardless of what happens throughout the schedule or how sportsbooks adjust their futures odds thereafter.įutures odds are read in list form, showing each option and its odds. How futures betting worksįutures betting odds can open before the start of a season and take bets throughout the year, with bookmakers adjusting those odds in reaction to season results, injuries, and trades, as well as the amount of money wagered on certain teams or outcomes. These bets are decided by longer-term results and outcomes that are usually settled at the end of a season or tournament.
Futures bets are wagers placed on events such as which team will win the championship or who will win the MVP.