Betting On Futures in Kentucky

Futures betting is a popular type of sports betting available at legal and regulated online Kentucky sportsbooks. It involves placing wagers on events or outcomes that will occur in the future, such as which team will win a championship or who will win a most valuable player award.

Futures bets are typically made before the start of a season or tournament, and the odds of winning can change throughout the season based on team performance and other factors. The potential payouts for futures sports bets can be high, but they also come with a higher degree of risk since they are based on events that have yet to occur.

Legal and regulated online Kentucky sportsbooks offer a wide range of futures betting options, including those for major professional sports leagues like the NFL, NBA, MLB, and NHL, as well as college sports and international competitions. Bettors can easily access futures betting markets through their mobile devices or desktop computers and place wagers securely and conveniently.

Examples of sports futures bets

Futures betting is a popular form of sports betting in Kentucky, and legal and regulated online sportsbooks in the state offer a wide variety of futures wagers. These bets involve predicting outcomes that will occur in the future, such as which team will win a championship or which player will earn a particular award.

For example, NFL futures betting is popular in Kentucky, and sportsbooks offer odds on which team will win the Super Bowl, which teams will make the playoffs, and which players will win awards such as MVP. An example of a listing for a Super Bowl winner futures bet could look like this at Caesars KY Sportsbook:

  • Kansas City Chiefs: +400
  • Tampa Bay Buccaneers: +700
  • Green Bay Packers: +800
  • Pittsburgh Steelers: +1200
  • Cincinnati Bengals: +2500

NBA futures betting is also popular in Kentucky, and sportsbooks offer odds on which team will win the NBA Finals, which players will win the MVP award, and which teams will make the playoffs. For example, a futures listing for an NBA MVP bet might look like this at Bet365 Sportsbook Kentucky:

  • Nikola Jokic: +150
  • Stephen Curry: +250
  • Joel Embiid: +350
  • Giannis Antetokounmpo: +400
  • LeBron James: +800

MLB futures betting is another popular option in Kentucky, and sportsbooks offer odds on a range of outcomes, including team and individual achievements. For example, one futures bet you can place is on which player will end the season with the most hits. A possible listing for such a bet might look like this at DraftKings Sportsbook in Kentucky:

  • DJ LeMahieu: +350
  • Freddie Freeman: +500
  • Whit Merrifield: +600
  • Jose Altuve: +750
  • DJ Stewart: +1500

In addition to these sports, legal and regulated online sportsbooks in Kentucky offer futures betting options for NCAA football and basketball, golf, and the NHL, among others. When placing futures bets, you should note that odds can change throughout a season or tournament. Payouts for futures bets can be high, but they also come with a higher degree of risk as they are based on events that have yet to occur.

Best KY sportsbooks for futures bets

Legal and regulated online sportsbooks are the best places for Kentucky sports bettors to make futures wagers. These sportsbooks offer a safe and secure way to place bets on various sports and events, including NFL, NBA, MLB, NHL, NCAA football and basketball, golf and more.

To ensure you find a reputable sportsbook, it’s important to do your research and read reviews on top Kentucky sportsbooks. Here are four recommended online and mobile sportsbooks that offer a range of futures betting options:

  • BetMGM: With its strong financial standing and easy-to-navigate interface, BetMGM is a top choice for Kentucky sports bettors. BetMGM KY Sportsbook offers a wide range of futures bets on multiple sports, including the NFL, NBA, and MLB.
  • DraftKings: Known for its popular daily fantasy sports offerings, DraftKings Kentucky also offers a top-notch sportsbook that provides a user-friendly experience for futures betting on various sports.
  • FanDuel: Another popular DFS platform that has entered the sports betting arena, FanDuel Kentucky Sportsbook offers a high-quality product that has proven popular with online and mobile bettors. It offers futures bets on multiple sports, including the NFL, NBA and MLB.
  • Caesars Sports: A long-time competitor in the gambling industry, Caesars has a robust sportsbook that offers a wide variety of futures bets. Caesars Sportsbook has great functionality and aesthetics, making it a top choice for Kentucky sports bettors.

When choosing a sportsbook, be sure to select a legal and regulated platform that has been licensed in Kentucky. Illegal online sportsbooks have no oversight and can leave you unprotected against fraud and other exploitation. You can enjoy a safe and secure betting experience by choosing a reputable and licensed sportsbook.

Bettors are also able to take advantage of exclusive promotions offered by sportsbooks, conveniently located on our dedicated page ‘Best Kentucky Sportsbook Bonuses in 2024.’

How do futures odds change?

Futures betting odds can shift dramatically from the time they are first posted until the end of a sports season. This is because sportsbooks employ expert oddsmakers who use their knowledge, news, data, and algorithms to determine which teams and players are favorites and which are underdogs or long shots.

For example, let’s say the College Football Playoff National Championship Game has just ended, and a sportsbook releases odds of +10000 for the Kentucky Wildcats to win next year’s national title. But then a top recruit commits to Kentucky, which boosts the Wildcats’ chances of winning. In response, the oddsmakers may adjust the odds to +7500.

News, preseason information, offseason workouts, and scrimmages can all play into how the lines for futures odds move. Once the regular season begins and games are played, the odds can continue to evolve as the picture becomes clearer.

The oddsmakers strive to make their odds as accurate as possible, and the more information they have, the more precise their odds become throughout the season. However, it’s important to note that once you place a futures bet, your wager is locked in at the odds you received when placing the bet. Even if the odds shift significantly, your bet remains valid at the original odds.

Futures sports betting requires careful consideration and research, and it’s important to stay up-to-date on news and information that may impact the odds. With that said, even the most knowledgeable bettors cannot predict the future with certainty, which is why futures betting is both exciting and risky.

How to place a futures bet in Kentucky

Placing a futures bet at a legal online or mobile sportsbook in Kentucky is simple. First, you’ll need to create an account by using the sportsbook’s sign-up feature and providing the required personal information. After downloading the app and making your first deposit, you’ll be ready to start wagering on futures odds.

To find futures odds, you can either go to the page dedicated to the specific sport or look at all current futures opportunities together. Once you find the bet you want to make, simply click on it, enter the amount of your wager, and it will be added to your bet slip. Review your bet slip before submitting it to ensure the accuracy of your bet.

For example, let’s say you place a futures bet on the Cleveland Cavaliers to win the NBA Finals at +2100 odds with a $100 wager. If the Cavs win, your payout will be $2,200, which includes your original $100 stake and $2,100 in winnings.

When betting on negative odds, such as -110 or similar, you have to wager that amount in order to win $100. Hence, for a wager at -165, you’d have to bet $165 to profit $100.

Many online sportsbooks provide a futures bet calculator to help you determine the exact amount you stand to win. With legal and regulated online and mobile sportsbooks, futures betting is a safe and enjoyable way to add excitement to your season-long sports viewing experience.

Futures betting tips

If you’re interested in making futures wagers, here are a few tips to help you build your futures betting strategy and reduce risk.

  • Hedge your bets: Consider offsetting potential liabilities by making multiple wagers around a futures opportunity. For example, if you’re betting on the Cleveland Browns to win their division (and that’s looking good), but you’re dubious that they can beat the New Orleans Saints this week, consider backing the Saints to ensure yourself some profit.
  • Don’t chase popular choices: Avoid placing bets on popular teams just because they’re in the media spotlight or are expected to do well. These teams often have lower odds payouts due to their popularity, and sports history has shown that it’s rarely the team everyone thinks will win that actually ends up on top.
  • You’re not a fan; you’re a bettor: While it’s natural to want to support your favorite team, it’s important to make betting decisions based on logic and research rather than loyalty. Placing large wagers on your favorite team without considering the odds or other factors is a quick way to lose money. And if you cannot stand to place bets against your favorite team, it’s best to avoid them altogether.

Following these tips can improve your chances of making smart and profitable futures bets. Remember to do your research, stay up-to-date on news and information, and only place bets within your bankroll limits.

Drawbacks to futures betting

Futures wagers offer high financial rewards but also come with a lot of risks. These bets are difficult to pin down, especially when the lines are first released. Betting early can get you the best potential payouts, but it also means locking in your money when there is still a lot of information yet to be discovered about the upcoming season and teams. The odds can shift significantly over time, so waiting too long can result in a smaller risk vs. reward.

Futures are notoriously hard to research and handicap, especially in the preseason. It’s important to remember that while they are engaging and fun, futures should be something other than the focus of your betting strategy if you want to take the hobby seriously. Many things can happen before the event, which could result in good or bad news for your wager.

In conclusion, while futures bets can be attractive, making informed decisions and following a sound betting strategy is essential. Research and stay up-to-date with news and data, and only place bets within your bankroll limits. Doing so can maximize your potential for profits and minimize the risk of losing money.