A future book is a term that refers to a type of bet that is placed on an event that will take place in the future, usually weeks, months, or even years ahead of time. A future book is also known as a futures bet, a future wager, or simply a future. A future book is a common and popular way of betting on sports, especially on major tournaments or championships.
How Future Book Works
To place a future book bet, you need to follow these steps:
Choose the sport or event that you want to bet on. You can select from various sports and events, such as football, basketball, baseball, soccer, tennis, golf, etc.
Choose the type of bet that you want to place. You can select from various types of bets, such as winner, finalist, top scorer, MVP, etc.
Choose the selection that you want to bet on. You can select from various teams or players that are competing or participating in the sport or event.
Check the odds and the payout of the future book bet. The odds are the ratio of the payout to the stake. The payout is the amount of money that you can win if the bet is successful. The odds and the payout of the future book bet may vary depending on the bookmaker, casino, or betting platform that offers them, and may change over time as the sport or event progresses or approaches.
Enter the stake that you want to wager on the future book bet. The stake is the amount of money that you risk on the bet.
Confirm and place the future book bet.
The outcome and payout of your future book bet will depend on the results of the sport or event that you have bet on. There are two possible scenarios:
Scenario 1: The selection is correct. You win the payout of the future book bet, which is equal to your stake multiplied by the odds of the bet.
Scenario 2: The selection is wrong. You lose your stake and receive no payout.
Examples of Future Book Bets
Here are some examples of future book bets with different sports and types of bets:
Example 1:
A future book bet on a football tournament with a winner bet:
• Scenario 1: Los Angeles Lakers reach the NBA Finals. You win $200 and your bankroll increases to $1200.
• Scenario 2: Los Angeles Lakers do not reach the NBA Finals. You lose $100 and your bankroll decreases to $900.
Pros and Cons of Future Book Bets
Future book bets can have some benefits and drawbacks for bettors. Some of them are:
Pros:
They can offer higher potential payouts than regular bets, as the odds are usually higher for events that are far away in time.
They can provide more excitement and anticipation for bettors who enjoy following the sport or event throughout its duration or season.
They can allow bettors to lock in their bets at favorable odds before they change due to new information or developments.
Cons:
They can involve higher risk and uncertainty than regular bets, as the outcomes are more difficult to predict for events that are far away in time.
They can tie up or immobilize the bankroll for a long period of time, as the bets are not settled until the sport or event is over.
They can be influenced or affected by external factors that are beyond the control of the bettors, such as injuries, suspensions, transfers, weather, etc.
To Sum Up
A future book is a term that refers to a type of bet that is placed on an event that will take place in the future, usually weeks, months, or even years ahead of time. A future book is also known as a futures bet, a future wager, or simply a future. A future book is a common and popular way of betting on sports, especially on major tournaments or championships. Future book works by choosing a sport, event, type of bet, selection, odds, payout, and stake that are based on the future outcome of the sport or event. Future book can have some pros and cons for bettors, depending on their goals and preferences.