Future bets are placed on sporting events played out in the future. Although it may sound difficult to place one of these bets, Futures betting in Maryland are actually pretty simple and a great option for beginner bettors. To learn more about Futures bets, keep reading. In this article, we are going to give an overview of what Futures bets are, the pros and cons, sports suited for Futures bets, and more.
Let’s get started.
Futures guide in MD
If you are new to sports betting, one of the best places to start is Futures betting. It requires little research, is good the entire year, and has a plus-money return. You need to be careful when placing Futures bets since sportsbooks have such an advantage and the odds change throughout the season.
Still, Futures bets can be a great place to start. Especially if you use a calculator and one of the sportsbooks we recommended, you can quickly start learning strategies and skills for Futures betting in Maryland.
Best Sportsbooks in Maryland for Futures Betting
Futures betting is very popular in the state, which means many sportsbooks offer Futures betting options. Here are our favorites.
DraftKings is a favorite for many sports bettors. They offer a variety of Futures bets options, and they offer odds that are top-notch and set the stage for many other sportsbooks. DraftKings offers a $1050 bonus for new users to wage on their first bet.
Fanduel Future bets
Fanduel is a top sportsbook for waging Futures bets. This is a leading sportsbook because of its high-end interface. The interface provides an easy-to-use and modern design when placing your bets. Fanduel offers a $1000 bet whenever you first sign up.
Barstool Sports Futures
Barstool Sports is a favorite sportsbook because of its easy betting design. You can place bets on your laptop or on an app downloaded to your phone. They offer a variety of Futures bets that are easy for beginners. Barstool Sports offers a free $500 bet whenever you first sign up.
BetMGM sports Futures
BetMGM Sportsbook offers a wide range of bets, with Futures betting being one of the most popular. Much like DraftKings, BetMGM Sportsbook has top-notch odds that can help you make an informed decision. They offer a $600 bet for new users and a $10 bet every week for repeat customers as well.
The last sportsbook on our list is Pointsbet. Pointsbet does not have a great website design, but they offer many Futures betting options, such as college Futures bets. They offer two signup bonuses, which are worth $2000 together for new customers.
Futures betting Maryland pros and cons
Simply put, Futures bets are wagered on sporting events in the future. These bets look at season-long stats and end-of-season results. For example, Futures bets are placed on who will make it to and win championship games, MVP players, and end-of-season stats.
Many people who are new to Futures betting think that you have to place Futures bets at the beginning of the season. Although you can place Futures bets before the season starts or right when it begins, most sportsbooks offer Futures betting for the whole season.
There are advantages and disadvantages to placing Futures bets at different points in the season. Early bets may give you more of a payout, but they are less likely to occur since odds change throughout the season. In comparison, mid-season bets come with more accurate odds, but the payout may be less than before.
Futures Bets Pros
- Plus-money returns
- Many opportunities to place Futures bets
- Many wagers you can make with Futures bets
- Requires less research
Futures Bets Cons
- Sportsbooks have a large advantage
- Odds change throughout the season
Futures sports betting odds MD
Whenever you go to place your Futures bet, as with any other sports betting type, you need to look at the odds. Futures odds are very easy to understand. That is one reason why Futures are so popular among beginning bettors.
Whenever you go to look at the Futures odds on sportsbooks, nearly all sportsbooks offer them in a list format. This format lists the teams most likely to win at the top and those less likely to win at the bottom. On the left side, you see the team. Across from each team, you will see their odds in the right-hand column.
All Futures bets have a plus-money return. This simply means that you will win more money than you originally wagered. Plus-money return is denoted with a + before the number, i.e. +500. This number tells you how much you will win if you wager $100. For example, you will win $500 if you wager $100 on a team with +500 odds.
You do not have to bet $100 on the team. Most sports betting odds are based on $100 wagers simply because it makes the math easier to describe.
Futures bets odds example
Let’s look at a real-life example to make sure you fully understand Futures bets odds. In the NFL Super Bowl LVI, the current NFL Futures odds list the Kansas City Chiefs as the favorites to win. They are ranked as +450. The Colts are at the bottom of the list, with a ranking of +2200.
In between these two teams, all of the other teams are listed. For example, the Baltimore Ravens are third in line with a score of +1100.
If you are a huge Chiefs fan, you would win $450 if you bet $100. However, you would win $2200 if you bet $100 on the Colts. Obviously, there is a much larger payout whenever you bet on the lower-ranking teams, but they are less likely to win.
Meanwhile, you would win $1100 if you bet $100 on the Ravens. Betting on the Ravens is actually a really smart decision because they are ranked highly, meaning they have a good chance of winning. At the same time, they have a much larger payout than the top pick.
Sports good for Futures bets
- NFL Futures
- NBA Futures
- MLB Futures
- NHL Futures
- PGA Futures
- College football Futures
- College basketball Futures
NFL Futures Bets
Futures odds NFL is easily one of the most popular among Maryland residents. There are quite a few Futures bets you can wager that relate to the NFL. For example, you can make Futures bets on:
- What are the odds for Super Bowl
- Super Bowl winner
- Rookie of the Year
- Playoff odds
- Stats for individual teams
NBA Futures Bets
Given that basketball is another leading sport in the nation, it makes sense that NBA Futures betting is super popular. There are a number of NBA Futures odds you can wager on. For this reason, NBA Futures betting is good for:
- Championship winner
- Rookie of the Year
- Coach of the Year
- Playoff odds
- Stats for individual teams
MLB Futures Bets
MLB Futures betting is popular in Maryland because of teams like the Baltimore Orioles. Futures odds for MLB offer many versatile and flexible betting options. You can bet on different aspects of the MLB, such as the following:
- World Series Winner
- End of the year stats
- Who has the most home runs
NHL Futures Bets
Even though NHL is not as popular as the other sports looked at so far, there are still many NHL Futures betting fans. NHL Futures odds are very similar to NBA Futures because their playoff structures are similar. You can bet on a variety of end of the year events, such as:
- Stanley Cup winner
- League Rookie of the Year
- Stats for individual players or positions
PGA Futures Bets
Most Futures bets are placed on sports teams, not individual sports. However, you can place Futures bets on golf tournaments and events. For example, popular PGA Futures bets are waged on:
- The Masters
- U.S. Open
- British Open
- PGA Tour
FAQ’s About Futures Betting Maryland
When will I get paid for my Futures bet in MD?
You will get paid for your Futures bets after the season or playoffs have ended. The exact date will depend on when the event concludes.
Why are the Futures odds for my team different than before?
Futures odds change as the season progresses. Games, injuries, and other factors all affect the odds.
Can I cancel a bad Future bet in Maryland?
No. You cannot cancel on bad Futures bets because this would be unfair. You can ask for a refund if you accidentally placed the Futures bet, but you would have to ask for the refund as soon as you realize you placed the accidental bet.
Can I place Futures bets on college sports in Maryland?
Some sportsbooks allow you to place Futures bets on college sports. College football and basketball tend to be the two most popular options. Not all sportsbooks will offer this option.
What is the best strategy for Futures bets?
One of the best strategies for Futures bets is to wait a couple of games into the season. Select teams that are still high-ranking but not quite the favorite. This gives you a better chance of earning more because you are betting on teams other than the favorite and you have the opportunity to see how the new teams are playing against one another.