Are there wagering limits on props, futures, live betting?

By and large, yes, there are capped betting limits. Why? Welp, most bookmakers don’t give as much attention to setting lines on them, at least compared to spreads and over/unders. In order to protect themselves from a gross oversight when handicapping, bookies set a limit to lessen any possible losses.

What are the advantages of betting on non-traditional wagers (e.g. spreads, moneyline)?

Typically speaking, a well-studied bettor can find more value out of props or futures, than, say, regular ‘ol spreads. Like we said before, bookmakers don’t spend as much time on these non-traditional wagers, which can create opportunities for bettors that really know what they’re doing.

What are the disadvantages of betting on non-traditional wagers (e.g. spreads, moneyline)?

Again, it has to be the restrictive betting limits. Even if you do find value on these bets, your payday will have a glass ceiling — and there’s nothing you can do about it. Well, aside from convincing your friends to make the same bet, then collect their winnings, but that’s neither here nor there…

Why are there so many prop bets?

That’s just the nature of props, which have almost no limits. Think about it, props come in so many different varieties — yes or no, player-specific, team-specific, or in-game outcomes. Whereas something like a spread can only happen at certain intervals (end of game, halftime, quarterly).

Does every game have props?

No, not every game has props. Some games rely solely on verbal communication or physical actions without the need for any specific objects, while others may use cards, dice, or other game pieces as props. The use of props in a game often depends on the game’s design and mechanics, as well as the intended level of complexity and interaction between players. Ultimately, whether or not a game includes props is up to the designer’s creative vision for the game.

Is waiting for a futures bet to finish worth it?

It really depends on the situation and your personal preferences. Futures bets can have long odds and a large potential payout, but also come with a higher level of risk. Some people enjoy the excitement and anticipation of waiting for the bet to finish, while others prefer to cash out early and secure a smaller profit. Ultimately, it comes down to your own risk tolerance and investment strategy.

When should you hedge your futures bet?

Here again, the answer is unique to every bettor. Specifically, it comes down to their risk tolerance. Those with a high tolerance should “let it ride” and attempt to maximize their winnings. However, those with a lower tolerance should feel no shame in guaranteeing themselves money. After all, no one ever went broke taking profits.

How do bookies update odds in real-time for live betting?

To keep in-play betting lines up to the minute (and seconds ahead of the TV broadcast), top bookmakers have a stat-recorder inside the arena, funneling them back data on what happens in real-time. This recorder is either hired directly by the bookie or a third-party data company.

Is live betting the future of sports gambling?

Probably, yes. In this highly-connected world — where Internet speeds are accelerating (5G cellular data is right around the corner) — it makes sense. That’s why so many bookmakers have invested heavily into their live betting system, anticipating a spike in use.

Can bonuses be used on props, futures, and live betting?

It depends on the specific bonus offer and the terms and conditions set by the sportsbook or online casino. Some bonuses may offer restrictions on where you can use them, whether it’s for props, futures, or live betting. It’s important to carefully read the terms and conditions of any bonus offer before accepting it to understand the limitations on how you can use it. If you have any questions, it’s always a good idea to contact customer support for clarification.

Other Bets: Futures, Props & Live Betting

What is meant by futures betting?

Here, you’ll find our other bets guide, covering futures, props, live betting and valuable gambling markets. Bettors ignore these too often. The mistake most gamblers make is sticking with the markets they know and are comfortable with, even if they don’t bring success. It’s time to stop.

In understanding the other betting markets available, you will increase your knowledge of a new online sportsbook like future bet. This happens while improving your chance of landing a profit. There are hundreds of additional markets and specials bets. But how do they work, what are the costs and which are the best? Are you ready to place a futures bet? You’ll find all the information you need on this page to do just that.

The big three

Today, we focus on our favourite three “other” markets; future, props and live betting available at online sportsbooks. By the end of this page, you’ll know the attractions of these markets. Examples of how to use them in your favourite major sports and the steps involved in placing a bet. How do betting futures work? That’s right; we even address your faqs.

Don’t forget to bookmark this page for future reference. Handy when trying a new type of betting market. You’ll also find similar helpful articles and betting guides on the top sports, competitions and markets.

Futures betting explained

The clue is in the name here. We are betting on future outcomes or be, such as the winner of the English Premier League, Super Bowl or next year’s Kentucky Derby. In many cases, the top betting sites offer odds and accept bets on the winner of sports tournaments. The thing is, these are published weeks and months in advance. Do this in the off-season or at any campaign stage. It’s known as betting on futures or futures sports betting.

Why would you bet on an event or market that won’t have a result for a while? To get better odds. When gambling on futures, the earlier you bet, the greater the odds attached to the betting lines of interest to you. Some people refer to this as line shopping.

Super Bowl Futures

Let’s take the Super Bowl as our example here, although it’s popular in NBA, MLB and others. If you reload, make your predictions, and place a bet before week one, you’ll get better odds than what is available to those waiting until the day of the game.

That’s because there’s more risk involved, but the rewards are worth shooting for. A team may start the season as a 7/1 favourite, but those odds may be cut to 3/1 when the market leader makes it to the playoffs.

Sports betting odds are fluid, with traders adjusting their offers to reflect a team’s form, league standing, fixtures and any injury news. So, sports bettors must also be ready to react. You’ll see the odds drift if a favourite goes on a losing streak. If an outsider enjoys a winning streak, their odds will drop. The odds on the favourites should move steadily, but you will see a bigger swing when looking at the underdogs on sports betting sites.

Let’s look at some more sports betting futures.

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NFL wins futures

The above concerns betting at the bookies on an outright market, like to win the Super Bowl, but you can also play futures on the NFL match-up. An example of a futures bet on the NFL would be a team to make the playoffs, player of the season, or match betting, where you gamble on one team to finish higher in the conference than another.

Oddsmakers working at the best gambling sites have many options, and it’s worth being aware of and understanding how they work. This will improve your chances of landing a profit from your sportsbook bets.

We look at an example of this below.

Futures example

Below is an example of how a totals bet may look on your sports betting app;

Arizona Cardinals, Los Angeles Rams

Over 9.5 -120 Over 7 -130

Under 9.5 -110 Under 7 Even

The above is a great example of a futures bet as it gives you a long-term interest, and the team involved doesn’t need to win anything or even secure an extended season. As long as they finish over or under the amount set by the traders, you can land a profit.

Look at the lines created by the leading names in the BetOnline sector, like Bovada listed at MyTopSportsbooks, such as LA Rams over/under 7, and have your say. Suppose you expect them to perform well this season, back the overs. If you predict a challenging year, take the under option. It’s a season bet within a season bet.

Hedging your bets

Another attractive attribute of futures is the opportunity to hedge your bets down the line. A hedge is when you bet against a future bet you’ve already placed to guarantee a profit. Let’s say you put a $100 bet on the Cleveland Indians before the 2016 MLB playoffs at 8/1 (+800) odds, meaning you would win $800 if the Tribe won the World Series.

The Indians went on to reach the World Series, underdogs against the Cubs, who were -190 favourites. At that point, you had two betting options: (1) stick with the Indians and pocket $800 if they prevailed but get nothing if they lost, or (2) bet a substantial amount on Chicago, guaranteeing yourself at least a small profit, no matter the outcome.

The numbers

Let’s look at the numbers in practice.

If you went with option (2) and bet $380 on Chicago at -190, you would win $200 if the Cubs won the World Series. Subtract the $100 futures bet you put on Cleveland, and you’d still be $100 in the black.

If the Indians won, you’d make $800 on your futures bet and lose the $380 you wagered on the Cubs, amounting to a $420 profit ($800 – $380). There are plenty of variations on how to hedge, from just covering your initial wagers to figuring out how to get the same return no matter who wins. For the latter, use the equation below.

Cashing out

Sometimes your best bets aren’t always the best bets. But you can fix that. The cash-out feature offered by the best sportsbooks is a real crowd-pleaser and is one of the newer types of bets. It’s a market that has changed how we gamble on sports forever. Place your cash or free play wager – we’ll use five-team parlays from the English Premier League fixtures as our example – and you’ll notice a cash-out value added to your bet.

At first, the cash-out value will equal your stake but will rise and fall depending on how well your selections perform. Let’s say you place a $10 bet on five teams to win; the cash-out offered before kick-off will be $10. If four teams are winning and one team is drawing with 20 minutes remaining, the offer amount to cash out will be worth considering. Let’s say the potential winnings of the bet is $1000.

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Here’s how to cash-out

Follow the match and monitor the cash-out offer
When the cash-out reaches an acceptable value, it’s time to act
Click the cash-out value and then confirm
There will be a slight delay as the traders wait to see if anything changes
Your request will be accepted and the funds due paid to your account

You now have a question to answer. Do you let the bet play to a finish in the hope all four teams currently in a winning position stand their ground while the one team that’s drawing goes on to win? You then bag the $1000, but if one or more teams fail to win, your bet will be a loser. And then the bookie keeps your stake.

But cash-out gives you another betting strategy.

Example of cash out

With 20 minutes remaining and four of five teams winning, you have a cash-out of $600. Do you take the money and run or wait it out? If you decide to cash out, traders settle the bet, and the amount goes to your balance. The result then doesn’t matter.

Please note you can’t cash out online sports betting wagers when using the sign-up bonus free bet promo. This is sometimes the case with some apps shown at MyBookie. The reason for this is past misuse by bettors who opened an account, made a deposit and placed a wager to qualify for the free bet. They would then place the welcome bonus free bet on any favourite, wait a while and then cash out. Any money collected could then be used for future bets. Withdraw to a debit card, e-wallet or crypto account. This is no longer possible following changes to the terms and conditions.

Please check the T&Cs relating to any free bets and promotions for new players to check the latest rules.

Making prop bets

A “prop” – aka proposition bets – is a side bet tailored to specific events and outcomes within a single game. You will find these bets when you click the “more bets” option on an event. Props aren’t their type of bet, however. They will always resemble a type of bet we’ve already covered. But it’s still helpful to look at them in isolation.

Since there’s so much going on in any major sporting events, a wide variety of props will be available. Some will focus on specific players, some will focus on teams, and some will focus on the broader game. You can even make parlay prop bets.

Player Props

These are props tied to an individual’s performance in the game and, specifically, on the scoresheet. You can bet on the following: Player totals: the book sets a number for points/assists/yards/etc. and you can bet the over or under, e.g. “LeBron James Total Points: 28.5.” Which player will score first: much like futures, these will usually have a huge field of possibilities, each with long odds Player vs player performance: the book pits two players against each other, and you bet on the player you think will produce more points/yards/etc, e.g. “LeBron James vs Kevin Durant Total Points.” If there’s a huge advantage to one side (like Tom Brady vs Mark Sanchez’s Passing Yards), then the prop will include a built-in spread (like Brady -95.5 yards). Like any other bet, player props will vary in each game based on matchups. A running back’s total rushing yards could be 95.5 one week (when he’s playing the Browns) and down to just 65.5 the next (when he’s playing the Seahawks).

Team Props

These are akin to player props but team-focused. With NFL games, you may, for instance, be able to bet on which team will score first, which team will run for more yards, which team will be leading at halftime, and much more. These types of bets can be placed from the comfort of your home using a desktop computer. But they are far more popular with bettors who use their Android and iOS smartphones or tablet devices. That’s because being “mobile” allows you to react to changes in the line-up, late injury news, or even the influence the weather will have. You will then uncover the real value and get one over on the bookies, but only if you are fast enough.

Game Props

Any prop not tied to an individual’s or team’s performance fits under this umbrella. Will the game go into overtime? Will, the team that scores first win? Is the total score going to be an odd or even number? Game props are mostly two-option props, but some offer a larger field of options, like guessing the exact number of goals or the exact final score in a soccer game.

Alternate Lines

These are props that offer different spreads with different payouts that correspond to the adjustment in the spread. If the original spread for a game is New York Giants -3.5 over the Philadelphia Eagles, then an alternate spread of New York -9.5 would have much longer odds for the Giants (e.g. +250) and shorter odds for the Eagles (e.g., 400). We refer to this mobile betting option as live betting, but you may see your bookmaker promote it as in-game or in-play, depending on the sportsbook app you use or the country you are in when gambling. In the US, it’s live betting. In the UK, it’s in-play betting. Like bitcoin betting, this is a relatively new option for online bettors. But it’s another that is here to stay. If you have missed the start of a fixture, such as a kick-off in an NFL match, live betting means you still have an opportunity to wager on the outcome. That’s because when the game begins, the pre-match betting odds created by the trading team move to in-play. A live betting trader monitors the match, updating the odds and markets.

Business Insider story sportsbooks getting crushed — Source: https://www.businessinsider.com/rams-chiefs-total-sportsbooks-2018-11

Test of speed

Most of the pre-match betting markets remain with the odds updated to reflect the score and flow of play. Below are some of the markets available to bet on live;

Moneyline
Totals
Handicap
Half-Time/Full-Time
Winning margin

Pay close attention

Watch the match on TV or in the stadium and monitor the in-play betting markets and odds. You can do this at the firms shown at gtbets. If you see a pattern emerge, such as two offensive teams, you can react by placing a bet on the over points – for example – before the in-play trader realises and clips the odds.

Gambling live using your betting bankroll is a battle of wits and patience that burns between the trader and the bettor. The perfect in-play bet is one done at the right time, giving you the best odds possible with the smallest risk to your stake. It’s always a bonus when you cash out your bet for a healthy profit and then watch on as your selection loses. In the past, a losing pick would have cost you dear. That’s no longer the case.