NBA futures allow you to bet on events later in the basketball season, like the Eastern Conference, Western Conference, and even the NBA Championship. Calculating these NBA odds is a dynamic process. Recent scores and standings, and even player injuries, cause these odds to fluctuate all season.
Futures betting is a way that sports fans can place bets on events that are going to happen later in the NBA season. It’s a way to place a wager on the outcome of the entire season, rather than on individual games. There are many different types of futures that you can bet on. NBA player futures allow you to bet on things like what players will win individual awards, like who will win MVP, or which player with a bright future will win the Rookie of the Year Award. Experienced basketball bettors can head straight to the odds table. For those of you who are new to the futures betting market, read on to learn more about reading futures betting odds, and the types of futures bet you can place at online sportsbooks.
Futures wagering has come to be associated with far-larger payouts than other types of bets, so it has risen to popularity quickly among basketball fans.
Futures odds are extremely dynamic. Online sportsbooks are constantly refreshing their odds to reflect the latest stats. Player performance, injury concerns, trades, and several other factors can change the odds in an instant.
For instance, if a key player like Steph Curry or LeBron James is taken off the court by a knee injury, that could hurt overall team success.
With all the different bet types available, it’s important to understand exactly how to read the odds.
American odds are the most popular odds displayed online so it is key to understand them.
Thankfully, it’s pretty simple. American odds are based on how much you’d have to wager to win $100, either betting on the favorite (-), or the underdog(+).
For example, let’s take a look at some odds.
Golden State Warriors +110
Miami Heat -140
In this case, Miami Heat is the favorite. If you bet on the Golden State Warriors to win, you would have to wager $110. If they beat Miami, you’d win $210.
Decimal odds are less common in the United States but are broadly used outside of U.S. borders. These betting odds represent the amount you win for every dollar you wager on your favorite team.
Very few online betting sites use fractional odds. They are most popular in horse racing and are not widely used outside of Ireland and the United Kingdom. To figure out your winnings when looking at fractional odds, you multiply your bet by the numerator, and then divide the result by the denominator.
Championship odds are available at multiple sportsbooks during the regular season and the odds change throughout according to each team’s performance and injury situation. Current odds are always available and some of the best bets bettors can make are those to win the division, conference, NBA championship, or the NBA future odds total wins on the season.
There are many different types of futures bets that you can place. You can wager on which teams will win their respective divisions, like the Western Conference and Eastern Conference.
You can bet on which team will have the most regular-season wins, and even how particularly bad teams will perform.
Futures offer some of the most diverse options for betting on basketball.
Why bet on NBA futures?
NBA futures bets have a solid reputation for earning players big money at sportsbooks. Because the odds are difficult to predict, they tend to be higher. Varying levels of team success are required for teams to progress through the NBA Eastern Conference, go through the playoffs, and then finally make it to the NBA Championship. Routinely, you’ll see futures odds boasting huge returns, so it’s a fun, and potentially very profitable way to get in on the betting action.