If you need to know more about futures betting, you have stopped by the right site. In this comprehensive guide, we’re going to explain all things Maryland futures betting. This includes what futures bets are, understanding the odds, sports that offer futures bets, and the best Maryland sportsbook sites for futures betting. Read on to learn about all of this and more.
Guide to Futures in MD
Futures betting is a staple for new sports bettors. They’re easy to wager since you don’t have to perform as much research. They can be really fun to see play out if you enjoy watching the entire season of a particular sport too.
However, you need to be wise when wagering futures bets since sportsbooks have a large advantage. Nevertheless, with the right futures bets calculator and sportsbook, futures bets can be super fun and rewarding.
Best sportsbooks in Maryland for Futures betting
If you decide to wage futures bets, you will need a reliable, efficient, and available Maryland sportsbook to place your bets. Here are the top Maryland sportsbooks that offer futures bets:
DraftKings is many Maryland residents’ favorite sportsbooks for futures betting. DraftKings offers great odds, allowing you to make an informed wager. They also offer a variety of different futures betting options, such as futures bets on college sports. New users can use a bonus worth up to $1050 on their first bet.
Fanduel is another top sportsbook for futures bets in the state. They offer a high-end interface, which is super easy to use and understand. Placing futures bets is easy with this site because of the interface. Whenever you first sign up, you are offered up to a $1000 bet.
BetMGM sportsbook is a great choice if you want just about every bet you can think of and frequent promotions. They offer quite a few futures betting options with updated odds. They also offer a $600 risk-free bet for new users and a $10 free bet every week.
Pointsbet does not have the most intuitive website design, but it is still a great sportsbook for futures bets. They also offer other bets for a more versatile betting experience. Moreover, Pointsbet has the best user bonus worth up to $2000.
Last but certainly not least is Barstool Sports. Barstool Sports is available on your laptop computer or mobile device. The interface is super intuitive and easy to use, making it great for beginners. In addition, they offer quite a few futures betting options and a $500 bet for new users.
Maryland Futures explained
Futures bets are very easy to understand. The name basically says it all. A futures bet is waged on future events that are based on season-long performances.
For example, you place futures bets on events like playoffs, championship games, MVP awards, and season stats. Although there are some futures bets available for individual sports, most futures betting options are only available for team sports.
You have the opportunity to place futures bets before the season begins, right at the beginning of the season or throughout different points of the season. Of course, throughout this entire process, the odds for individual teams will change to reflect their performance, injuries, and other factors.
Understanding the odds
The most difficult part of futures betting is the odds. Luckily, understanding the odds isn’t that difficult either. Simply put, all futures bets have a plus-money return. What this means is that you will always get more money in return than you originally waged.
Because of the plus-money return, the odds for every team will have a + before the number (i.e. +500). Most sportsbooks will offer their futures odds in a list format. The format will be listed in order of most likely to win to least likely to win.
The left-hand column tells you the name of the team, and the right-hand column tells you their odds. The number that you see tells you how much you will win based on a $100 wager.
For example, if one team has a current odds of +500, you will win $500 if you weighed $100 on that team. Now, you don’t have to bet $100. Instead, $100 wagers are just used as a basis for the odds for easy mathematics.
Futures odds real life example
It is easiest to understand future odds based on real-life examples. Let’s take NFL Super Bowl LVI.
Based on current NFL futures odds, the current favorite is the Kansas City Chiefs. They have the current odds of +450. Meanwhile, the Baltimore Ravens are third in line, with a ranking of +1100. Meanwhile, the Indianapolis Colts have +2200, placing them at the bottom of the leaderboard.
If you want the biggest potential payout, bet $100 on the Colts. In the very rare chance that they win the NFL, you would win $2200. In comparison, the Chiefs are most likely to win. So if you wager $100 on the favorite, you win $450.
As for the Baltimore Ravens, you would win $1100 if you wagered $100. So it is actually more fiscally sound to bet on the Baltimore Ravens than the Kansas City Chiefs. Upsets happen, which means the Ravens have a really good shot of winning. Plus, you potentially earn way more money than you would if you bet on the Chiefs.
Sports that offer Futures bets
NFL Futures Bets
If you find yourself asking, “What are the odds for the Super Bowl?” NFL futures are right up your alley. Some of the most comprehensive futures odds are NFL futures odds. You can wager futures bets on a variety of stats and factors related to the NFL.
For example, you can bet on the Super Bowl winner, MVP, rookie of the year, division championships, playoff odds, and more.
MLB Futures Bets
MLB futures betting is very popular as well. In fact, futures odds MLB has some of the most versatile and flexible options, giving you more options to bet on. For example, you can bet on the World Series winner, who has the most home runs, and much more.
NBA Futures Bets
NBA futures betting is another great sport for futures bets. NBA futures odds betting can be on the final championship, rookie of the year, coach of the year, and series playoff lineups. NBA futures odds have some of the most versatile options since their playoffs are based on a 7 game structure.
NHL Futures Bets
NHL futures odds are very popular too. In fact, NHL futures betting is similar to NBA futures betting since their playoff structures are very similar. In addition, you can bet on the Stanley Cup winner, league rookie of the year, and stats for individual players.
PGA Futures Bets
One of the few individual sports that offer futures betting is golf. Although there are fewer options, you can still wage futures bets on the Masters, U.S. Open, British Open, and PGA Tour.
College sports are not wagered on as frequently, but you can place futures bets on college football and college basketball. For example, you can wage who will win the championship, MVP player, draft picks, and more.
Is Futures sports betting right for you?
Even though futures bets are really popular among new sports bettors, they are not for everyone. It is really important to weigh the pros and cons against one another so that you make the most informed decision. Here are both the pros and cons for futures betting:
Pros of Futures
There are many reasons why futures are so popular among new sports bettors. For starters, the wages all come with plus-money returns, as we have already discussed. New bettors also like futures bets because there are many bets to choose from and many opportunities to place the bets.
Another major benefit of futures bets is that they require less research than individual gains. As a result, you only have to look at the future’s odds once.
Cons of Futures
At the same time, there are quite a few drawbacks of futures bets. For example, it isn’t always the most financially savvy decision. Because odds are constantly changing, the sportsbooks have a huge advantage over you. Plus, your money will be tied up for the entire season.
Not to mention, the fact that the odds are constantly changing can make it very difficult to pick the right winner at the beginning of the season.
It is up to you to determine whether or not futures bets are right for you. After reading the pros and cons, we recommend going with your gut decision about whether or not you think it is a savvy sports betting move.
FAQ’s About Maryland Futures betting
When are futures bets paid out?
Futures bets are paid out at the end of the season or tournament, depending on the nature of your specific bet.
Can futures odds change in MD?
Yes. Futures odds change throughout the season.
Can you parlay futures bets in Maryland?
Some sportsbooks allow you to parlay futures bets, but others do not. However, most of the bigger sportsbook sites permit futures parlays.
Can you cancel futures bets?
No. You cannot cancel futures bets as the odds are updated.
What do you do if you accidentally place a futures bet in MD?
Since you cannot cancel futures bets, you need to act quickly if you accidentally place one. Do so immediately. Most offer a refund within a certain period of time. Contacting as soon as you notice the issue will increase the chances of a refund.