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Sports Betting Sites / NBA Futures: A Full Guide to NBA Futures Betting

NBA Futures Betting: Full Guide to NBA Futures Odds

Last Updated on 02/25/2024
Fact checked by: Allan Howe

When it comes to Ballislife, we’re all about the future of the sport of basketball. Whether that’s looking at the remainder of the NBA season or the college ranks for the stars of tomorrow, we’re always looking ahead.

We can now do that in sports betting too with NBA futures. Here, we’ll explore everything about this betting market so continue reading to learn more.

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The Best NBA futures betting odds

NBA Preseason
United States of America
Home
Away
Monday19
Indiana PacersIndiana Pacers Toronto RaptorsToronto Raptors
Bet365Home-260
DraftKingsAway+195
Monday19:30
New York KnicksNew York Knicks Detroit PistonsDetroit Pistons
Bet365Home-578
Bet365Away+425
Monday20
Memphis GrizzliesMemphis Grizzlies Brooklyn NetsBrooklyn Nets
DraftKingsHome-105
Bet365Away-120
Monday22
Sacramento KingsSacramento Kings Miami HeatMiami Heat
DraftKingsHome-298
DraftKingsAway+240
Tuesday19
Cleveland CavaliersCleveland Cavaliers Dallas MavericksDallas Mavericks
Tuesday19
Orlando MagicOrlando Magic Brooklyn NetsBrooklyn Nets
Tuesday19
Washington WizardsWashington Wizards Golden State WarriorsGolden State Warriors
Tuesday19:30
Atlanta HawksAtlanta Hawks Utah JazzUtah Jazz
Tuesday19:30
Boston CelticsBoston Celtics Philadelphia 76ersPhiladelphia 76ers
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Best NBA Futures Betting Guide Strategies

The NBA is a long and arduous season starting mid-October and ending in early April with the NBA Finals. Throughout the year, you can bet on individual games and their various associated betting markets. However, one betting market available before the season begins until the last day is NBA futures bets.

Compared to the more daily bet types, futures bets aren’t as frequently wagered on because they do require some patience because the wager isn’t resolved for, at times, months on end. So, if you’re curious about what futures bets are, how they work, viewing some real examples, and learning NBA betting strategies, continue reading below. Please check the current standings and the form curve before you place a bet.

NBA Preseason
GP W D L GF/GA +/- PTS Form
1 East All-Stars 0 0 0 0 0:0 0 0
2 West All-Stars 0 0 0 0 0:0 0 0

NBA Futures Betting Explained

The futures betting market is based on events or results that will happen, well, in the future. These are typically associated with individual player awards, championships, division winners, odds on Western Conference, tournament winners, and to some extent, draft results.

You’ll find this betting market from well before the season starts and last throughout the season. The odds shift and change as the season unfolds.

As mentioned, these may not be the most attractive bets to make, especially for new bettors, but there’s plenty of monetary upside with these wagers if you can be patient, understand the long-term commitment, and are prepared to tie your money up for an extended period.

How does NBA Futures Betting Work?

NBA futures betting works like any other wager in that there’s a bet to be made, odds associated with your selection, and waiting for the result. The difference with futures betting is the time it could take for these events to settle, but it all depends on when you make the wager.

For example, you could bet on the NBA Finals champion in October and get +1100 odds, or wait until March to bet on the same team. Their odds could be -250, depending on how they do throughout the season. As you can see, the value is getting in on the NBA betting futures market early to maximize your winnings while knowing that your $100 wager, or whatever your budget is, will be tied up for several months. You like to bet on double chance? Then please check out our best odds for the upcoming matches below.

Monday19
Indiana PacersIndiana Pacers Toronto RaptorsToronto Raptors
2Way
Bet365Home-260
Bet365Away+210
Over/Under
Bet365O246-110
Bet365U246-110
Monday19:30
New York KnicksNew York Knicks Detroit PistonsDetroit Pistons
2Way
Bet365Home-578
Bet365Away+425
Over/Under
Bet365O223-110
Bet365U223-110
Monday20
Memphis GrizzliesMemphis Grizzlies Brooklyn NetsBrooklyn Nets
2Way
Bet365Home+100
Bet365Away-120
Over/Under
Bet365O214.5-110
Bet365U214.5-110
Monday22
Sacramento KingsSacramento Kings Miami HeatMiami Heat
2Way
DraftKingsHome-298
DraftKingsAway+240
Over/Under
DraftKingsO226.5-110
DraftKingsU226.5-110
Tuesday19
Cleveland CavaliersCleveland Cavaliers Dallas MavericksDallas Mavericks
Tuesday19
Orlando MagicOrlando Magic Brooklyn NetsBrooklyn Nets
Tuesday19
Washington WizardsWashington Wizards Golden State WarriorsGolden State Warriors
Tuesday19:30
Atlanta HawksAtlanta Hawks Utah JazzUtah Jazz
Tuesday19:30
Boston CelticsBoston Celtics Philadelphia 76ersPhiladelphia 76ers
No upcoming games at this time.

How To Read NBA Futures Odds

When it comes to reading NBA futures odds, it’s along the same lines as a moneyline wager. It’s simple in that there’s a team or NBA player prop you can bet on and betting odds. If you’re betting on the Boston Celtics to win the NBA Finals at +320 and bet $100 on this, you’ll win $320 if they win the Finals. The best way to think about odds with a “+” in front of them is the amount of money you’ll win if you bet $100 on it.

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5 NBA Futures Betting Examples

The NBA futures betting markets begin before the season starts in October and ends when the NBA Finals conclude. Throughout the season, more futures betting markets will be added. It may start out with just the Finals, but as the season goes on, you’ll find Eastern conference finals odds, and individual awards.

Let’s look at some examples below.

1. NBA Finals Champion

This is the most well-known futures betting market—betting on who you think will win the championship and that final NBA futures game. This betting market is what’s most associated with any sports futures betting.

2. NBA Finalists

In addition to picking who will win the Finals, you can also bet on what combination of teams will participate. This is probably a more difficult wager to make since you need to accurately predict two teams that will appear in the series.

3. NBA Conference Winners

In the NBA, there are two conferences—the East and West. With this betting market, you can pick who will win this conference. This is determined by whoever wins the “tournament” that involves 10 teams on each side. The team must win three best-of-seven series to get through the conference tournament.

The seeding is determined by the first six seeds based on the win-loss record, and then the No. 7 seed will play the No. 8 seed and the No. 9 seed will play the No. 10 seed to determine the No. 7 and No. 8 seed in the conference tournament, respectively.

4. NBA Division Winners

In the NBA, there are six divisions, with three in each conference.

  • Eastern Conference: Atlantic, Central, and Southeast.
  • Western Conference: Northwest, Pacific, and Southwest

This bet is more straightforward in that there are five teams per division you can bet on to win the division, which is based on their win/loss record.

5. NBA Award Winners

Instead of listing each award, we’ll lump them together here.

  • Regular Season MVP
  • NBA Finals MVP
  • Rookie of the Year
  • Most Improved Player
  • Coach of the Year
  • Sixth Man of the Year
  • Defensive Player of the Year

With these awards, there will be a pool of players with NBA futures odds, and like the other futures bets, you’ll pick which player you think will win. Each award has its own criteria for how to win it, so be sure to monitor this throughout the season.

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NBA Futures Betting Strategies

There are three great strategies employable when you are placing futures bets. Use these tips to enhance your bet-making prowess.

Hedge, Hedge, Hedge

Regarding futures betting, we cannot recommend hedging enough. Hedging is a term used in betting in which you’ll wager against your previous bet in an attempt to limit losses, break even, or still manage to turn a profit. With futures betting, turning a profit is more than possible due to the NBA odds you receive. As the season goes on, the possibility diminishes, but if you bet on a team at +1500 at the beginning of the year and then wager on a team that you feel more confident in at +250, there’s a lot of wiggle room for calculating what you “need” to wager to offset your previous wager. Let’s use the +1500 and +250 odds as examples. On the +1500 odds, you wager $50. Later that year, you want to wager on a team with +250 odds. Well, if you wager $228.57 on the +250 odds, you’ll have a total bet amount of $278.57, but if either team you bet on wins, you’ll have a hedge profit of $521.43.

Become Patient

We’ve mentioned this a few times already, but we cannot emphasize it enough—be patient. Throughout the season, some sportsbooks will allow you to cash out on your wager, meaning you can bail on it early for a reduced profit or at a smaller loss. If you hedge correctly, you can counteract this. That said, there are times when cashing out might be best—it’s all incredibly subjective. 

Stick to a Budget

Since futures betting can stretch for months at a time, it can be easy to forget how much you’ve actually wagered. At the outset of the season, make a plan to only wager $500 on futures, for example. Most NBA online sportsbooks will track your bets and allow you to see how much you’ve wagered. Never wager more than you can afford. 

Getting Started On NBA Futures Betting

  • Explore our online sportsbook reviews. When doing so, consider the welcome bonuses to see which works best for your budget and betting style.
  • After you’ve picked which online sportsbook to play at, head over to their desktop site or download the mobile NBA gambling app.
  • Create an account. You’ll need to supply personal information like your name, date of birth, address, and last four digits of your social security number. This is important as it identifies you and, yes, sports betting winnings are taxable income.
  • After you’ve created an account, make your first deposit. Throughout this beginning process, remember what the welcome bonus is. If it requires a promo code, enter it. If it requires a minimum deposit of $20, make sure you deposit at least $20.
  • Once your account is funded, head over to the NBA section of the site. There, you’ll find a section dedicated to futures bets. Pick your desired wager, add it to a betslip, and wait until the event is resolved.

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You liked and helped this article? We're glad you did, and we promise to continue providing you with the best pro betting tips for the most important upcoming tournaments. if you're particularly interested in a match, just click on "Go to analysis" and take a closer look.

NBA Preseason
Indiana Pacers Toronto Raptors
Indiana Pacers Toronto Raptors
Monday19
Tip:
Spread: Spread away Odds home 6.500
-110
Bet365
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NBA Preseason
New York Knicks Detroit Pistons
New York Knicks Detroit Pistons
Monday19:30
Tip:
Spread: Spread away Odds home 11.000
-110
Bet365
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NBA Preseason
Memphis Grizzlies Brooklyn Nets
Memphis Grizzlies Brooklyn Nets
Monday20
Tip:
Spread: Spread away Odds home -1.500
-110
Bet365
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NBA Preseason
Sacramento Kings Miami Heat
Sacramento Kings Miami Heat
Monday22
Tip:
Spread: Spread away Odds home 7.500
-110
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NBA Preseason
Cleveland Cavaliers Dallas Mavericks
Cleveland Cavaliers Dallas Mavericks
Tuesday19
Tip:
Spread: Spread away Odds home 2.500
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NBA Preseason
Orlando Magic Brooklyn Nets
Orlando Magic Brooklyn Nets
Tuesday19
Tip:
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NBA Preseason
Washington Wizards Golden State Warriors
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Tuesday19
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NBA Preseason
Atlanta Hawks Utah Jazz
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NBA Preseason
Boston Celtics Philadelphia 76ers
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Conclusion on NBA Futures Betting

NBA futures betting may just be another betting market in the sport. Still, it’s one that allows for more monetary upside on an individual bet basis than really anything else.

What we set out to demonstrate here on top of what futures betting is, is the sheer amount of possible profit.

This can also be an opportunity to bet on your favorite team at the beginning of the season and perhaps encourage you to root for them more—again, this is all entertainment, so wager with whatever you’re comfortable with and what you can afford.

Additionally, we hope you’ll take the few strategies we mentioned above and implement them into your betting.

Bookmark this page and reference it each time you consider engaging in futures betting on the NBA.

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