A futures bet is a type of wager placed on the outcome of an event that will occur in the future, often involving sports, politics, or financial markets. Unlike traditional bets, which are settled immediately after an event, futures bets can be placed weeks or months in advance. For example, you might bet on which team will win the Super Bowl before the season even starts. These bets typically offer higher payouts than standard bets because they involve more uncertainty. The odds for futures bets can change as the event approaches, influenced by factors like team performance or public opinion. This makes futures betting an exciting option for those looking to predict outcomes in advance.