NFL Future Odds
How To Bet on NFL Futures (Future Odds)
These are mostly "Odds to Win" type of bets and this is how it works. Bettors choose a team to win a certain event that will take place in the future, thus future odds, future wagers. As an example, I choose Falcons to win Super Bowl or Ravens to win AFC Championship.
After a bettor chooses the team they place a wager on it and the wagered money stays tied up until the outcome of the chosen event. In my case that would be the Super Bowl and if Falcons win, I win, too.
The sportsbooks set odds before the start of the season for each event and they change them throughout the season depending on factors like team's success.
This is quite fun to try to predict the winners early in the season, as well as it may be profitable as the odds are higher at the beginning. However, if you wager a large amount, it will be tied up for a long time.
How to figure out the wager amounts? If Falcons future odds to win the Super Bowl is
+1500, if I wager $100 now, this would make me $1,500 profit in case they win.