What is Outright (Futures) Betting?
Definition: Outright betting, called futures in the US, is betting on the final result of a competition or season, such as the league winner.
Examples of outright markets:
- League or tournament winner.
- Top goalscorer of a competition.
- Relegation and final league position.
- Season MVP or championship winner.
How outrights work:
- Markets open weeks or months before the result.
- Prices change during the season as results come in.
- Bets are settled when the competition ends, with dead heat rules for shared positions.
For risk management: outrights stay open for a long time, so liability builds up over the season and needs regular review.
