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NFL futures allow you to bet on season-long events like which team will win the Super Bowl before the season even kicks off.
While most NFL betting action is focused on individual games, NFL futures betting allows fans to bet on who will win each division, each conference, and the Super Bowl at any point during the off-season or regular season. Some sportsbooks will even let you bet on season-long events like which player will win the MVP, whether the Cleveland Browns will finish over or under 9.5 wins, or whether the Oakland Raiders will make the playoffs.
Super Bowl futures can pay off in a big way, especially if you bet on a dark horse that makes a championship run, but they can take months to pay off. Below is a quick introduction on how to bet on NFL futures and how the futures market is shaping up for the 2019-20 season.
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How to Bet on NFL Futures
Sportsbooks will offer NFL futures bets separately from their single-game bets. For example, sportsbooks will display a list of odds for each team that denotes their likelihood of winning the AFC Championship.
Here is an except of what you may see listed:
New England Patriots +315
Kansas City Chiefs +360
Cleveland Browns +700
Pittburgh Steelers +1000
Every futures bet is listed with a moneyline, or the ratio between your bet and the payout. In this case, the Patriots are the favorite to win the AFC crown and make yet another Super Bowl but they have some stiff competition in the Chiefs.
A pre-season bet on the Patriots at +315 would pay out $315 on a $100 bet if they win the AFC Championship. If you wagered on the longshot Steelers to win the AFC title, your $100 bet would net you a cool $1000 if they pull it off.
Some sportsbooks will offer single-team futures bets that look like this:
Will the Los Angeles Chargers make the playoffs?
In this case, the Chargers are a quite likely to make the postseason so you would have to bet $210 to win $100. On the other hand, your $100 bet on No would win you $145 if they miss the playoffs.
Other futures bets may be listed in over/under form, like this:
Regular season wins Philadelphia Eagles
Over +9.5 (-150)
Under +9.5 (+110)
In this case, the Eagles are likely to win more than 9.5 games, so you would have to bet $150 and the Eagles would have to win 10 or more games for you to win $100. If they don’t, your $100 bet would win $110.