Why do People Bet on Futures?Report
Please briefly explain why you feel this question should be reported .
Some time ago I asked myself about that and discovered the answer from the analyst that is working for https://metareviews.in website. Here are his thoughts about such weirdness
Sports fans like the notion of being smarter than everyone else almost as much as they like the idea of winning money. So being able to pick the Super Bowl winner in August makes you the smartest handicapper in town.
You can also get tremendous long-shot odds on futures bets if you are clever or lucky. Recall the 1999 St. Louis Rams, who started off as 300/1 underdogs on Super Bowl futures bets. What a nice payoff for bettors who put a few bucks down on that.
The problem with futures betting is that it takes six months or longer to grade your bet. That’s a long time to have a part of your betting bankroll locked into a bet. However, if you pick a small amount as futures betting fun money, it can produce nice profits for you.
And the best thing about prop bets and futures bets is that different sportsbooks offer a unique set of betting options, so you can find something interesting and you can compare odds to get the best deal.