- 1 The Latest MLB Futures Odds
- 2 Frequently Asked Questions about MLB Futures Bets
- 3 Advantages of MLB Futures Bets
- 4 Our Top Tips for How to Win an MLB Futures Bet
- 5 The Sports Daily MLB Futures Picks
- 6 The Best Sportsbooks for MLB Futures Odds
MLB futures can be some of the most lucrative bets in the sport. In 2021, the Atlanta Braves proved many wrong by winning the World Series and punters who were on top of their game were able to get onboard at odds of +1200.
In this article, we’re going to look at how MLB futures odds work. To do this we will walk you through examples, betting odds, how to place futures bet, and the best betting site for MLB futures betting.
The Latest MLB Futures Odds
One of the most common MLB futures markets is that of the World Series. With over 2,400 games in the regular season alone, the odds tend to change gradually more than they would with say, Super Bowl betting.
The table below includes the latest World Series odds for 2022.
|Los Angeles Dodgers||+325||+325||+325||+325||+325||+325|
|New York Yankees||+450||+450||+450||+450||+450||+450|
|New York Mets||+500||+500||+500||+500||+500||+500|
|Toronto Blue Jays||+1700||+1700||+1700||+1700||+1700||+1700|
|San Diego Padres||+1800||+1800||+1800||+1800||+1800||+1800|
|St. Louis Cardinals||+2500||+2500||+2500||+2500||+2500||+2500|
|Chicago White Sox||+4000||+4000||+4000||+4000||+4000||+4000|
|Tampa Bay Rays||+4000||+4000||+4000||+4000||+4000||+4000|
|San Francisco Giants||+20000||+20000||+20000||+20000||+20000||+20000|
|Boston Red Sox||+25000||+25000||+25000||+25000||+25000||+25000|
|Los Angeles Angels||+500000||+500000||+500000||+500000||+500000||+500000|
|Kansas City Royals||+500000||+500000||+500000||+500000||+500000||+500000|
What is an MLB Futures Bet?
In the simplest term, MLB futures bet is where you bet on a market that is taking place in the future. There’s not really a definition of how long the period needs to be for it to be classified as a “futures” bet, but for the most part, this is regarded as anywhere from 24 hours or more before the market closes.
Using an example like the World Series, this can obviously be bet on at any stage throughout the season. It’s still going to be a market that is in play but won’t be decided for several weeks or even months.
Other MLB futures bets include teams getting to the playoffs, making the World Series games, MVP, and team of the year.
How do MLB Futures Odds Work?
MLB futures odds are set by the sportsbook. It’s their role to create markets based on how they see events running. They are some of the hardest markets to price, mainly down to the number of variables that can take place before the conclusion of that market.
When the odds are set, the sportsbook will launch them in American odds. This is set up as a positive or a negative number.
The positive number is the amount of money won from a $100 bet and the negative is the amount that needs to be wagered to make $100 in profit.
Futures odds will be constantly changing. If you take a market such as the World Series then it’s possible to bet on this up to 12 months prior to the final game. In fact, as soon as one season finishes, MLB futures markets will open for the next season.
MLB Futures Bet Example
To change things up a little bit, we’ve changed our focus from World Series betting to that of the MVP for the 2022 season. There are two key contenders in the form of Aaron Judge and Paul Goldschmidt.
The image above shows how the two have traded over the course of a season. Judge was as high as +3000 at one point, but today is priced at just -925. Betting for this market will remain open until the final pitch has been thrown and until it’s been decided, this will remain an MLB futures betting market.
The current odds for both Aaron Judge and Shohei Ohtani are listed below.
How are MLB Futures Bets Paid Out?
One of the most common questions that we see linked to MLB futures is how they are paid out. As we stated earlier in the piece, American odds have both positive and negative numbers. Positive is the amount won for a $100 bet and negative is the amount that needs to be staked to win $100.
Let’s take the market that we’ve used above to highlight how this might work as a real-world example.
Aaron Judge is priced at -925. This makes him a massive favorite to win MVP for 2022. A $100 bet would work like this:
- $100 staked at -925 would create a payout of $110.81 and a profit of just $10.81
The second favorite in this market is Shohei Ohtani priced at +625. A $100 bet would work like this:
- $100 staked at +625 would create a payout of $725 and a profit of $625
These odds are quite extreme when it comes to futures betting, but clearly not uncommon. You can track back to the table in the “Latest MLB Futures Odds” to see how a larger field event might be priced.
Frequently Asked Questions about MLB Futures Bets
To cover the plethora of questions that we get asked every day regarding MLB futures, we’ve created an FAQ section.
Why do MLB Futures odds change?
The odds changed based on the performance of that selection. For example, if a team goes on a 10-game winning streak, the odds for them to win the World Series would decrease as their chances of winning, increase.
How does a sportsbook earn money from MLB Futures bets?
The sportsbooks manipulate the odds on all possible outcomes to create a market that will guarantee a profit. It’s all to do with liability. If the liability on one outcome is high, they reduce the odds and increase other picks to make them more appealing. They are hoping to get to a point where all results will yield a profit, although this is not always possible.
How does a sportsbook determine an MLB Futures price?
The sportsbook has a team that works on specific futures bets. They price each bet individually based on the chances of that even occurring. Lots of data and analytics are used, but at the end of the day, it comes down to an opinion as to how each team will be fair. There are lots of moving parts when it comes to pricing.
What if the price changes after placing an MLB Futures bet?
If you’ve placed a bet and it’s been accepted, then your price is locked in. After having your bet accepted by the sportsbook then if the odds fluctuate it will have no bearing on your bet. It might give you a better idea of how likely the sportsbook thinks that pick will come in.
Are MLB Futures bets good bets?
MLB futures can be the highest yielding of any bet type. Betting prior to an event or market starting is often the best way to get the highest possible odds. It’s not always the case, but some of the biggest MLB futures odds come from these types of markets.
Can you put MLB Futures bets in parlays?
Yes, you can add futures to your parlay bets. You need to be careful as some parlay bets will have an amount of time that the market needs to be settled in. Check with your sportsbook before adding season-long bets.
What are MLB futures?
MLB futures are bets that are placed on markets that will settle after a certain period. The amount of time will vary, but anything more than a day or two before the event can be classed as a “futures” bet.
How do MLB futures bets work?
You need to place your bet with your sportsbook and then the market will be settled when that event has finished. For example, if you bet on the winner of the World Series in January, that market will only close when the final game has started.
What do +1000 MLB futures odds mean?
+1000 is representative of the amount of money you can win. A positive number in American odds highlights the amount of money won per $100 staked. In this case, if you staked $100 you would be set to win $1,000.
Who are the favorites to win the World Series?
The Los Angeles Dodgers are favorites to win the 2022 World Series. They are currently best priced at +325. The second favorite are the Houston Astros priced at +400.
What are the most popular MLB futures bets?
The most popular MLB futures bets are the World Series winner, MVP, Winning Division, and Winning League. The most amount of money when it comes to MLB futures odds will be split between these markets.
How to Place an MLB Futures Bet
The process of placing an MLB futures bet is one that is relatively easy to follow. We’ve created a quick guide using the best MLB futures betting site, BetOnline.
If you’ve not got an account, then you’re going to be able to claim a welcome bonus that’s worth up to $1,000. Use the guide below to find out how to claim it.
1) Create an Account
You need an account at BetOnline to place a bet. Click this link to get started and once you’ve entered your account information, you will be ready to go. Please take a little time in making sure that all the information when setting up is correct as you will need to verify it later.
2) Deposit and Claim Welcome Bonus
Now your account is set up, you need to fund it. There are lots of options at BetOnline, so choose whichever is most convenient. Use the bonus code “INSIDERS” to claim the $1,000 welcome bonus which is a 50% match of your opening deposit.
3) Find Your Preferred Market
Use the menu section to navigate to the MLB page. This is where you’re going to see a host of games and markets to bet on. BetOnline have a dedicated futures section, so select this from the drop-down menu.
It’s worth noting that some futures are in the “Specials” section, so check here as well.
4) Place Your Bets
Now that you’ve found the bet you want to place, click on the odds to add it to your bet slip. Here you will be able to enter your stake which will then calculate your winnings should your bet be successful. Click on the “Place Bet” button at the bottom to confirm and your bet will be live.
To track bets, you can select “My Bets” at the top of the bet slip. This will not only show bets that are running but also settled bets once that market closes.
Advantages of MLB Futures Bets
We’ve mentioned several times how futures bets can be highly lucrative. We wanted to highlight some of the advantages of betting on these markets long term.
- Big pay day – Most futures bets include multiple runners and can be hard to call. The World Series for example has 30 teams to choose from at the start of the season. Even favorites in this field can go off as high as +500 with teams in the +1000 to +5000 having great chances of winning.
- Run for a long time – Some punters like the slow burn that futures bet have. It can take weeks or even months for a bet to settle and this can come with some exciting highs and lows throughout the season. You can track the bets and even look to use a betting exchange to lock in a profit if you wanted.
- Best value bets – It’s tough to beat the value that you get from futures bets. You can wager on single MLB games, but in reality, you’re not getting higher odds than around +200 for most games, and even this might be generous. If you can pick out that +5000 winner, then you’re going to be in for a huge ROI.
- Low variance – Futures bets are limited in terms of what you can bet on. The MLB have hundreds of games each month and they come thick and fast in the regular season. This can be overwhelming, so for a slower pace to your bets, futures allow you to be a little more methodical without worrying if you’re missing value in random games.
Our Top Tips for How to Win an MLB Futures Bet
We run a highly successful MLB picks and tips section at The Sports Daily, so we’ve asked a number of our team to bring together some of their top strategy advice on how to win at MLB futures. Here is what they had to say:
1. Research Past Seasons
Looking for trends with futures bets is imperative. You can see where teams were strong and where they were weak. It allows you then to target futures such as World Series winner, most RBIs, most strikes, and so on. It’s not always that the same players or teams win every year, but you can spot trends to see which have continued to improve and therefore would be good value for the current season.
2. Keep an Eye on Contracts and Rosters
Players come and go regularly within MLB. It’s not so much the star players that you need to note, but more the squad players who keep the team ticking through those long regular seasons. Check to see if influential players are leaving and which teams are snapping them up.
Our top tip for this is to wait until the season is just about to start when rosters are almost locked down, rather than straight after the previous season-ending.
3. Work the Schedule
Try and look to see where teams have a long run on the road. Especially take note as it comes toward the end of the regular season. Those teams with long runs of away fixtures will be at a disadvantage to those who are playing at home. This is a key factor in tight leagues or divisions.
4. Check Again Mid-Season
Don’t be afraid to check futures markets mid-season. It’s not always that the value has gone by then and sometimes the value is at the highest at this point. Teams who have gone well and have good run-ins for the second half of the season are often a good value bet.
5. Find the Best Odds
Odds differ massively when it comes to futures bets. It’s not uncommon to see a 20-30% difference in price from one sportsbook to the other, especially with longer-priced bets. Take the time to shop around to get the best price and don’t be afraid to open betting accounts for single bets as this is only going to increase your returns.
6. Find the Value Bets
Take the time to work out which teams offer the best value. To do this, create your own mini book, which considers all your research and then your odds based on this. Then, compare your odds to the sportsbook and see if there are any discrepancies. If so, try and work out why you might differ, and then if you still feel strongly about your reasoning, then this is classed as value (assuming your odds are lower than the sportsbook).
The Sports Daily MLB Futures Picks
Futures picks take a little more work than say, a moneyline bet and that’s simply down to the fact that they often run over a longer period. This means that you’ve got to consider more external factors that could affect the bet, which makes them tricky to continuously be successful with.
One of the key areas that we look at is longevity with the bet. For example, if we’re looking at the pitcher with the most strikeouts for the season, we need someone who’s going to play the most games and still see success.
If you look at some of the areas that we highlighted in the “tips” section above, all of this can be applied to the same strategy that our team uses as well. You’re able to keep track of our MLB picks to see which futures we’re currently tipping.
How do MLB Futures Bets Work with Live Betting?
Live betting is often linked to single-game markets, but it plays a big role in futures betting as well. Lots of punters place futures bets before the market starts and this is how a lot of them work.
However, you’re able to bet on markers like the World Series and MVP throughout the season and up until the final game even. Live betting allows you to react to previous games or events and can still offer a lot of value.
For example, if we jump back to the MVP odds for 2022 in the “Odds” section earlier, you can see that the best time to back Judge for MVP was in April when he was priced at +3000. His form has excelled since then and is now at just -925. Live betting would be the only way to have gotten the best possible price for this bet.
The Best Sportsbooks for MLB Futures Odds
The list below highlights who we think are the best sportsbooks for MLB futures odds. This list is constantly changing as we keep testing and betting sites keep improving. Make sure that you have this page bookmarked to keep up to date with the best sites for MLB futures.
75% Crypto Deposit Bonus up to $750 Up To $750 Sign Up Bonus 100% welcome bonus up to $500 100% crypto bonus up to $1000
100% deposit match up to $1,000
Up to $2,500 deposit match
100% deposit match up to $500
50% match deposit bonus worth up to $1,000
75% Crypto Deposit Bonus up to $750
Up To $750 Sign Up Bonus
100% welcome bonus up to $500
100% crypto bonus up to $1000