Golden State defied preseason NBA futures odds of +1100 to win the championship in 2022. Anyone that bet on Steph Curry and co. to vanquish their rivals earned an exciting 1,100% return on their investment.
NBA futures betting will be popular once more this season. You can choose from a huge array of pro basketball futures, from the NBA Championship winner to player markets like the NBA MVP award. This NBA futures betting guide breaks down the key options, explains how NBA futures odds work and provides tips on how to succeed.
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What is an NBA Futures Bet?
An NBA futures bet is a long-term wager that runs throughout the season. It is not dependent on the result of a single game. For example, you can bet on the team that will go on to win the NBA Championship. The best sportsbooks also take bets on the winner of each conference and division.
NBA futures bets on player awards are also popular. Examples include the NBA MVP award, Rookie of the Year, Defensive Player of the Year, Most Improved Player, Sixth Man of the Year and Coach of the Year. You can also bet on the number of regular season wins a team will secure (over/under), whether a team will make the playoffs or miss the playoffs, and various other markets.
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How do NBA Futures Odds Work?
The sportsbooks release NBA futures odds before the season begins. They assess the strengths and weaknesses of each contender. For example, if it is a futures market on the NBA Championship, they will focus on all 30 teams, whereas if it is a bet on who will finish top of the Pacific Division, they will cover just five teams.
They release odds according to each team’s perceived chances of success or each player’s chances of success. You will see the favorite displayed first, and the NBA futures odds grow longer on each team as you move down the list, eventually arriving at the long shots.
The NBA futures odds will change as the season wears on. If a team goes on a hot streak, its odds will shorten. If another team endures a poor run of results or loses an important player to a season-ending injury, its odds will lengthen. You can keep betting on most NBA futures markets until they settle. For example, you can bet on the NBA Championship winner until deep into the NBA Finals.
NBA Futures Bet Example
We have provided an example of an NBA futures betting market below. These were the preseason odds available on Denver and Portland securing the best regular season record in the Northwest Division. The Nuggets were the favorites, whereas Portland was an outsider.
| Team | Northwest Division Winner Odds |
| Denver Nuggets | -125 |
| Portland Trail Blazers | +1600 |
How are NBA Futures Bets Paid Out?
NBA futures odds will begin with a minus sign or a plus. If they start with a minus, it tells you the amount you need to bet to win $100. For example, a $125 bet on the Denver Nuggets to win the Northwest Division at -125 would generate a $100 profit if successful. A $10 bet at -125 would earn an $8 profit.
Most NBA futures odds start with a plus sign. When that is the case, the subsequent figure highlights the profit available by betting $100. A $100 bet on Portland at +1600 would net you a $1,600 profit if the Trail Blazers won the division. A $10 bet would earn you $160. You always get your risk amount back on winning bets, so your total return would be $170.
Frequently Asked Questions about NBA Futures Bets
What if the price changes after placing a NBA futures bet?
Can you cash out NBA futures bets?
Are NBA futures bets good bets?
How do NBA futures odds work?
Why do NBA futures odds change?
How does a sportsbook earn money from NBA futures bets?
How does a sportsbook determine a NBA futures price?
What are NBA futures bets?
Can you put NBA futures bets in parlays?
What are the most popular NBA futures bets?
How to Place a NBA Futures Bet
It is very simple to place NBA futures bets. We have broken the process down into five easy steps:
Step 1: Create a Sports Betting Account
Click here to visit BetOnline, our No. 1 site for NBA futures betting. Click the green “JOIN” button at the right of the homepage to bring up the registration form. Provide some basic personal details, click to finish the form and then click a link sent to your inbox to verify your email address.
Step 2: Make a Deposit
Click on the green cashier button to fund your account. Choose one of the methods, select a deposit amount and provide your details.
Step 3: Claim a Welcome Bonus
Use the promo code “INSIDERS” to receive a generous welcome bonus of up to $1,000.
Step 4: Find a Futures Market
Select the “SPORTS” option on the left of the main toolbar menu. You will find basketball listed in the main sports. Click on it, and then select “NBA FUTURES”. Choose one of the markets you are interested in to see a list of betting options.
Step 5: Place Your Bet
Click on a selection to add it to your betslip. Type in the bet amount, and it will highlight your potential winning. Click to confirm and place the bet. You can keep track of it in the “My Account” section. You will be paid out near the end of the season if you succeed.
Advantages of NBA Futures Bets
NBA futures bets offer several advantages. These are some of the key benefits you can unlock:
- NBA futures bets reward consistency over the season, so you will not lose due to one bad beat.
- There are loads of NBA futures betting options to choose from, so this is a flexible category.
- You can gain an interest in every game a team plays throughout the season with just a single wager.
- It will often give you exciting opportunities to hedge your bets as the season wears on.
- The NBA futures odds can differ significantly at rival sportsbooks, so line shopping pays off.
- Some sportsbooks allow you to cash out NBA futures bets early for a guaranteed profit.
Our Top Tips How to Win an NBA Futures Bet
NBA futures bets can be fun, but the main aim of the game is to win a profit. Our top tips can help you succeed with your futures wagers:
1. Conduct Thorough Research
It is important to conduct thorough research before placing a futures bet. Before the season begins, you can focus on how well a team performed last season and figure out if offseason moves will strengthen or weaken it. Also factor in the team’s key rivals and try to predict how the season will unravel. When the season is underway, you can access a wealth of stats to help you make astute NBA futures bets.
2. Cut Out Personal Biases
Many NBA fans blindly bet on their favorite teams to win the NBA Championship each year. Other fans back their team to reach the playoffs or exceed their regular season wins total, despite mounting evidence to the contrary. This sort of betting activity can wreak havoc on your bankroll. Try to cut out your personal bias and bet with your head, not your heart.
3. Seek Expert Picks
Expert NBA futures picks can help you find interesting angles that you may not have otherwise considered. Some handicappers have a great track record when it comes to futures predictions. Establish a capper’s credentials and take his or her advice on board if you are impressed. Just remember to conduct your own research to ensure you agree with the picks.
4. Hedge Your Bets
The Boston Celtics were priced at +4000 to win the NBA Championship at the start of the 2021-22 season. If you had taken those NBA futures odds, you would naturally have been delighted when they reached the NBA Finals. At that point, you could have placed a large wager on their opponents, the Warriors, and locked in a profit regardless of who won.
5. Consider a Variety of Options
Most bettors stick to NBA futures odds on the championship winner or the conference winners. However, there are dozens of additional markets, which provide a great deal of value. For example, you could bet on the points per game a player will score or an alternate regular season wins line.
The Sports Daily’s NBA Futures Picks
We use a combination of advanced analytics and gut instinct to create our NBA futures picks. Our experts crunch a wide array of data on each team in a specific NBA futures market. They then map out how it is likely to unfold, based on past performance data, trades and so on.
Our handicappers are also experts in their field, so they can make astute predictions based on their vast knowledge of the sport. They watch NBA action on a daily basis, and they know how to find value when betting on NBA futures odds.
They monitor the NBA futures markets throughout the season, seeking out clear hedging opportunities. They react quickly to any breaking news on issues such as season-ending injuries, and they pounce on any weak NBA futures betting lines before they change.
How do NBA Futures Bets Work with Live Betting?
NBA futures bets do not focus on a specific game, so they are not covered in the live betting section of an online sportsbook. However, all NBA futures markets are essentially live from the moment the season begins until they are settled (an NBA Championship winner is crowned, a team takes an unassailable lead in a conference, a player is handed an award etc.) so you can continue to bet on them throughout the season.
The Best Sportsbooks for NBA Futures Odds
Our experts have identified the top 10 sportsbooks for NBA futures odds. They offer competitive odds, they pay out on time and they offer some sweet bonuses. These are the best NBA betting sites right now:
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Check Our College Basketball Betting 2023 Guides
- College Basketball Betting Guide – Best NCAA Basketball Betting Sites Ranked & Reviewed.
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- The Latest NCAAB Odds – Compare the Best College Basketball Odds.
- NCAAB Moneyline Odds Explained – Learn How to Win College Basketball Moneyline Bets.
- College Basketball Futures Odds Explained – Guide on How to Win College Basketball Futures Bets.
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