A futures bet is a wager on an event, series or an award that will finish in the future. This is different than a wager on the outcome of a single game, but almost as popular.
The result of a futures bet is for an event or season that is completed in the future, not the day the wager is placed. Many bettors enjoy these bets because it’s a single wager that has a long life. Single-game wagers are often reconciled within a day or week. Futures bets allow a gambler the ability to have money at risk for multiple games without having to spend time researching each of the individual games.
New sports bettors are generally more familiar with a futures bet as the kind of wager on their favorite team to win a league championship. For example, Green Bay Packers fans could place a $10 wager on the Packers to win the Super Bowl at 80-1 odds (+8000) in a Green Bay casino. A winning result would pay the bettor a cool $800 for the wager that will last from the first game of the season to the final play of the Super Bowl.