Guide to Futures Sports Betting in Colorado

What Are Futures Bets?

Futures bets involve placing a bet on the outcome of an event that will be resolved at a later date, often at the end of a season. Some popular futures bets include who’ll win the Super Bowl, the Stanley Cup, or the NBA Finals, to betting on which player will win MVP.

Examples of Futures Bets

For fans of Colorado sports teams, imagine placing a futures bet on the Denver Broncos odds to win the Super Bowl at the beginning of the NFL season, or betting on the Colorado Avalanche to win the Stanley Cup before the NHL season kicks off. 

College sports fans might place a futures bet on Deion Sanders’ Colorado Buffaloes odds to win their conference or even the National Championship. Another example of a futures bet is betting on Shedeur Sanders odds to win the Heisman Trophy.

Similarly, NFL fans could place a bet on odds for Russell Wilson's next team, should they become available.

How Futures Bets Work in Sports Betting

The key to understanding futures bets is recognizing that the odds reflect the likelihood of an event actually happening. The odds are dynamic; they adjust over time based on team performance, injuries, and bettors' actions. You might bet on the Broncos’ Super Bowl odds in August when they’re +6000 but come November, depending on the success and outlook of the final half of the season, those odds might be +2000.

Futures bets are long-term investments; placing a bet early in the season (or even well before if the odds are available) can yield significant returns if you correctly predict the outcome of a championship or award. If you’d bet the Chiefs to beat the 49ers in Super Bowl 58 the previous August then you would’ve gotten a nice payout.

If you plan on using a Colorado sports betting promo code on futures bets, make sure to read the terms & conditions of the promotion first. Many new-user promos don't allow a bet on a future outcome.

How to Read Futures Bets

Futures odds are typically listed in either fractional or American odds format. For instance, if the Colorado Avalanche are listed at +700 to win the Stanley Cup, it means a $100 bet would return $700 in profit if the Avalanche clinch the title. Similarly, a college team like the Buffaloes might be listed at +2500 to win the NCAA football championship, indicating a higher potential payout due to the lower perceived likelihood of winning.

Again, these odds can and will change throughout any given offseason and especially in season.

Sportsbooks in Colorado Offering Futures Bets

Several sportsbooks operating legally in Colorado offer futures bets on both professional and collegiate sports. Some of the notable platforms include:

DraftKings Sportsbook 

At DraftKings, Colorado sports enthusiasts will find a rich selection of futures betting opportunities that cover all the major leagues, from the NFL to the NBA to even more niche leagues such as Lacrosse. The DraftKings CO platform stands out for offering deep markets, allowing bettors to wager on outcomes ranging from championship victories to player achievements, catering specifically to the preferences of Colorado's sports fans.

FanDuel Sportsbook 

FanDuel Colorado bettors with its straightforward and engaging interface, complemented by some of the most competitive odds in the futures betting landscape. This sportsbook is a go-to for those looking to place futures bets on their favorite sports teams, providing an enjoyable and easy-to-navigate betting experience that keeps locals coming back for more.

BetMGM Sportsbook 

BetMGM excels in offering a diverse array of futures betting options, highlighting its commitment to catering to the unique tastes of Colorado's betting community. From specialized bets on Colorado's pro teams making the playoffs to individual player awards within the collegiate ranks, BetMGM Colorado sportsbook ensures there's something for every type of bettor, enhanced by exclusive propositions not found elsewhere.

Tips for Betting on Futures in Colorado

• Do Your Research: You have to know about the team or player you're betting on. If you like the Nuggets odds to win the NBA Finals this year, why? Maybe you think Nathan MacKinnon wins the regular season MVP but does he have the right line to play on that'll maximize his output? These are all things you need to contemplate before placing any futures bets.
• Strategic Timing: The value of futures bets fluctuates throughout the season, influenced by team performances and other variables. Making your bets at strategic moments, such as early in the season or even well before the season start can secure you more favorable odds and potentially greater payouts.
• Odds Monitoring: Keeping a close watch on how futures odds evolve can clue you into the market's perception of teams or players. This can help you find betting opportunities that others might overlook, based on shifts in emerging trends. It's important to line shop odds on different Colorado betting apps to find the best deals.

Conclusion on Futures Bets in CO

Futures bets offer a unique and potentially rewarding way to engage with sports betting in Colorado. Whether you're backing the Denver Nuggets to make a deep playoff run or the Colorado Rockies to surprise this MLB season, futures bets allow you to support your favorite teams with the excitement of a potential payday later down the road. Remember to bet responsibly and enjoy following your predictions throughout the season.