Understanding Outright Betting and Its Meaning
In this post, we are going to give you the meaning of outright betting that is, we are going to explain what an outright bet is, and we will also offer a few examples to make our explanations easier to understand. Before we begin, we want you to know that the terms outright bet and future bet mean the same thing.
The name suggests that you are trying to predict a future event. This type of wager aims at pointing how an entire competition will end. It is not about telling who you think will win an individual game or event. It is about telling which team or player will win a competition. For instance, guessing the winner of the European Championship is an outright wager. In the United States, the term futures is more common, whereas the rest of the world uses the term outright. It is a matter of geography. So, like we said, we are tasked with explaining the outright bet meaning, and we suggest you take a look at the examples we provide. They will make things a lot clearer. Let’s get to it.
Tennis Outright Bets (Winner of US Open)
To better illustrate the meaning of outright betting, here is an example with tennis. The above chart shows the different players. On the right of each player, you can see his odds of winning in the bookmaker’s view. What is interesting about outright betting is that you do not necessarily have to make your bets before an event begins. The good news is that you can place wagers late in the game. That will still count as an outright bet. Just so you know, the excerpt is taken from a bookmaker’s site and shows the odds at the quarter-final stage of US Open 2014. As you can see, outrights are possible at this stage of the game.
Now, let us tell you that if you want to be successful, it is best to place wagers at a later stage of the competition rather than in the beginning. You will have bigger chances of guessing the winner. Just keep in mind that the odds will be much lower at this point, but it is better to bet on low odds and win than to risk your stake on high odds. If you wait to see how the competition is going, you will have time to see how each team or player is competing and who is in the best shape of their life.
So, you just got an idea of how this type of bet applies to tennis, but there are plenty of sports out there. What does outright mean and how is it expressed in terms of other sports? It means the same thing, only there may be more players and teams, and the odds get to be different. Let’s have a look at more examples.
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Outright Football Bets (Premier League)
Here is another example. For it, we are going to use an excerpt about the English Premier League taken from a UK bookmakers. The odds are taken from bookies during the 2014/15 season of the League.
Again, it reveals the odds of the different teams winning. As you can see, only a few teams have low odds, whereas the others have quite high odds. This just serves to show that these teams have little to no chance of winning the Premier League. The teams that have short odds are more likely to win.
The truth is, it is easy to select a winner of the League since fewer teams take part in it. But is this the same with other competitions? Keep reading our page and you will see.
So, we have seen how this type of bets works with football, but what does outright mean with regard to American football and how is it expressed? We suggest you have a look at the last section on this page where we give you one more example.
Outright Betting & American Football (Super Bowl)
This time the odds are expressed in moneyline format, but for your convenience, we have written its decimal equivalent in brackets.
The last example that will help you understand the outright meaning better is taken from a US bookmaker. The chart shows some of the participants in the 2015 Super Bowl and their chances of winning expressed with odds. As you can see, it is much more difficult to pick a winner in such a competition because there are quite a lot of teams. Just so you know, the figures from the above chart are taken at the beginning of the season.
We advise you to check all of the betting types before you decide which one to use.
Types of Betting
- Arbitrage Betting Explained
- How Hedging Bets Work
- Kelly Criterion Betting Strategy
- Moneyline Betting in Sports
- Parlay Betting Explained
- All about Point Spread Betting
- Meaning of Over Under Betting
- What Prop Bets are About
- Explaining a Bet Accumulator
- Making Betting Permutations
- What is Exchange Betting
This is Our Conclusion
We picked three examples in an attempt to explain the meaning of outright betting. Such bets are very easy and straightforward. All you have to do is choose a winner and decide on your stake. It is easier to place such a wager than to make a correct prediction, but as you know sports betting has its risks.
We believe we explained the outright bet meaning at length and we hope you know what they are about after reading the post.