What is outright betting?
Outright betting, also known as futures betting, involves placing a wager on the outcome of an entire tournament, competition, or event rather than on an individual game or match within it. It could be the winner in a Grand Slam tournament in tennis, a major in golf, the winner of the Premier League or the winner of the next Rugby World Cup. Outrights do not necessarily have to be about winners but also top 3 (podium) or similar. The markets for winning bets are often open both before and during the course of the competition or season.
Winner bet, also called long bet, is a unique type of odds bet where players predict outcomes long before the events. It could be about which team wins a tournament or which player takes home specific awards. To be successful with winning bets, it is important to know when it is profitable and how you can best use winning odds. Read on for guidance and insights to optimize your winning betting strategy in the world of odds.
How to use outright betting to your advantage
Outright bets are ideal when you want to secure value for teams whose odds can change during the course of the competition. For example, if the odds market underestimates Barcelona, it can correct itself relatively quickly from match to match. In this scenario, it would be beneficial to bet on Barcelona winning the next season of the Champions League instead of betting on each individual match. This enables you to secure a value that would otherwise decrease quickly.
But it should be pointed out that it is not always beneficial to bet on futures. Sometimes long-term bets that the betting sites put together can be of significantly lower betting value than if you choose to bet on several at the same time. An example is Novak Djokovic winning all Grand Slam tournaments at odds of 8 times the money. If you added up the odds for all four titles, you would probably have gotten significantly higher odds, especially if you had been able to play on all tournaments at the same time.
This effect is also found in more conventional winning markets, but its calculation is more challenging. Can a player achieve better odds by betting on individual matches or competitions? Furthermore, it is essential to consider the opportunity cost. A successful bettor can probably use his betting budget in a more efficient way during, for example, an entire Premier League season than only betting on the eventual winner at the beginning of the season.
Hedging your bets with outrights
You can minimise the chances of a large loss by spreading bets across different teams or events. Actively following up with live betting enables adjustments based on the development of events, while early payout ( cash out ) can be used to secure profits or limit losses in advance. This must be done strategically though. Always remember to gamble responsibly and remember not to place bets in order to try to recover after a loss.
Limiting bets and continuously evaluating odds relative to the original game is important to manage risk and reward. Being aware of the team’s or player’s performance and updating the strategy when necessary contributes to holistic and effective risk hedging.
How can I make the best use of winning odds?
To make the most of winning odds when betting, there are some strategies and considerations that can be useful:
- Understanding the market:
- Have a deep understanding of the specific gaming market you are interested in, be it sports, politics or entertainment. Knowledge in betting is essential.
- Analyse teams or candidates:
- Objectively evaluate teams, players or candidates. Take into account performances, form, injuries and other relevant factors that may be decisive.
- Follow updates and news:
- Stay informed about the latest news and updates that may affect the odds and outcome of the event.
- Compare the odds:
- Compare the odds from different betting sites to ensure you get the most favourable price for your bet. Odds comparison is the basis for growing the bankroll.
- Time of game:
- Choose the right time to place your bet. Sometimes the odds can change depending on events or news. Here it is important to keep the tongue right in the mouth. Hitting the right time requires a lot of luck and skill from the player.
- Use live betting:
- In some cases, live betting can be used to adjust or cover your original bet based on the turn of events.
- Apply the right strategy to manage stakes:
- Use a sound money management strategy by setting realistic and sustainable bet levels.
- Understand the risk and the reward:
- Carefully assess the risks and rewards of your winning bet. Be realistic about opportunities and risk factors.
- Long Term planning:
- For the long term game, have a long term plan and be prepared to be patient. Some results may take time to develop and here it is important to have some ice in your stomach.
- Flexibility and customisation:
- Be flexible and adapt your strategy if conditions change during the game.
Outright/futures betting: Pros and cons:
Here are some advantages and disadvantages of outright betting:
Advantages:
| Advantage | Explanation |
| Potentially Higher Betting Odds | Outright betting typically offers higher odds compared to individual game betting, especially if you’re betting on an underdog or a less favoured team/player to win the tournament. This can lead to larger potential payouts if your prediction is correct. |
| Longer Entertainment Value | Outright bets can provide entertainment and anticipation throughout the entire duration of the tournament or event. Instead of just focusing on one game or match, you have a stake in the outcome of the entire competition, which can make the viewing experience more engaging. |
| Early Predictions | Outright betting allows you to make predictions well in advance of the event, sometimes even months ahead. This can be advantageous if you have a strong opinion on a particular team or player and believe their odds will decrease as the event approaches. |
| Hedging Opportunities | As the tournament progresses, you may have the opportunity to hedge your outright bets by placing additional wagers on other participants. This can help mitigate potential losses or guarantee a profit regardless of the final outcome. |
Disadvantages
| Disadvantage | Explanation |
| Tied-Up Funds | Tied-Up Funds: When you place an outright bet, your funds are tied up for the duration of the tournament or event. Unlike individual game betting where your money is settled relatively quickly, outright bets require patience as you wait for the outcome |
| Injuries and Form: | Outright bets are susceptible to unforeseen factors such as injuries, loss of form, or unexpected circumstances that can impact the performance of a team or player throughout the tournament. This introduces a level of uncertainty that may not be present in individual game betting. |
| Lower Frequency of Wins | Outright bets have a lower frequency of wins compared to individual game bets since you’re predicting the outcome of an entire competition. This means there may be longer periods between successful bets, which could be frustrating for some bettors. |
| Limited Market Options: | Limited Market Options: Depending on the sport or event, the range of outright betting options may be limited compared to individual game betting. This can restrict your ability to find value or hedge your bets effectively. |
Outright bets are ideal when you want to secure value for teams whose odds can change during the course of the competition. For example, if the odds market underestimate a team at the start of the season, for example Real Madrid, it can correct itself relatively quickly from match to match. In this scenario, it would be beneficial to bet on Madrid winning the Champions League at the start of the season, instead of betting on each individual match. This enables you to secure a value that would otherwise reduce quickly.
But it should be pointed out that it is not always beneficial to bet on outrights/futures. Sometimes long-term bets that the betting sites put together can be of significantly lower value than if you choose to bet on several at the same time. An example is Novak Djokovic winning all Grand Slam tournaments at odds of 8/1. If you added up the odds for all four titles, you would probably have been quoted far higher odds.
This effect is also found in more conventional winning markets, but its calculation is more challenging. Can a player achieve better odds by betting on individual matches or competitions? Furthermore, it is essential to consider the opportunity cost. A successful bettor can probably use his betting budget in a more efficient way during, for example, an entire Premier League season than only betting on the eventual winner at the beginning of the season.
Outright/futures odds: Betting tips
Outright/future betting can be quite appealing because they often offer higher potential payouts compared to standard match betting. Here are some tips on how to make outright/future odds work for you. Always remember to gamble responsibly.
