Complete Guide to Outright Betting
Outright betting, also known as future bet, is a popular form of gambling where you place bets on the outcome of an entire tournament or competition, rather than on individual matches or events. It offers a unique and exciting way to engage with your favorite sports, allowing you to predict the ultimate winner or the top performers in a particular league or sport.
How Does Outright Betting Work?
Unlike traditional match betting, it requires a long-term commitment as you are predicting the outcome of an entire tournament or competition. The odds are generally higher for outright bets, reflecting the increased uncertainty and longer duration of the event.
To place an outright bet, you need to select the team, player, or outcome you believe will emerge victorious in the tournament. For example, in a football World Cup, you can bet on the team that will lift the trophy or the top goal scorer of the tournament. The bet is settled at the end of the competition, and if your prediction is correct, you will receive a payout based on the odds at the time of placing the bet.
Popular Sports for Making Outright Bets
Outright betting is available across a wide range of sports, providing ample opportunities for sports enthusiasts to test their prediction skills. Some of the most popular sports for outright betting include:
Football is the world’s most popular sport offers countless tournaments and leagues to place outright bets on. From the FIFA World Cup to domestic leagues like the English Premier League or La Liga, football provides a range of options.
Tennis’ Grand Slam tournaments like Wimbledon, the Australian Open, the French Open, and the US Open are perfect for outright betting. You can bet on the overall winner or even predict the finalists in these prestigious events.
Golf majors such as The Masters, U.S. Open, The Open Championship, and PGA Championship attract a lot of outright betting action. You can bet on the golfer you think will clinch the victory or make predictions about the top finishers.
The Formula 1 World Championship is a thrilling motorsport event that allows outright betting on the driver or team that will win the championship.
These are just a few examples, but outright betting is available in various other sports, including basketball, cricket, rugby, and more.
Recommended Bookmaker for Outright Betting
When it comes to placing outright bets, choosing a reliable bookmaker is important. One such bookmaker that excels in outright betting is OKBet. With their user-friendly interface, competitive odds, and a wide range of sports and tournaments to choose from, OKBet provides an excellent platform for outright betting.
OKBet offers a diverse selection of outright markets, allowing you to explore various sports and tournaments. Their website is intuitive and easy to navigate, making it simple for beginners to place their bets. The bookmaker also provides comprehensive statistics and in-depth analysis, empowering you to make informed decisions when it comes to outright betting.
How to Calculate Outright Betting at OKBet?
The payout in outright bet is calculated based on the odds associated with your bets and the amount you wagered. Here’s how you calculate you winnings at sportsbook such as OKBet using outright betting.
Consider the outright odds from OKBet sports betting
A FIBA World Cup 2023 Match between USA with 1.51 odds, Canada with 4.50 odds, Serbia with 9.00 odds and Germany with 11.00 odds
Let’s say your bet will bet ₱200, here’s how you calculate your winnings:
Potential Winnings = Amount wagered x Odds
If you place on Teams:
- USA (1.51 x 200) = ₱302
- Canada (4.50 x 200) = 900
- Serbia (9.00 x 200) =₱1,800
- Germany ( 11.00 x 200) = ₱2,200
If you bet on to one of these teams here’s is the calculation of your winnings. However, outright betting can be included in parlay bet as long as your prediction is right you will win.
Pros and Cons for Outright Betting
Outright betting offers several advantages for both recreational bettors and seasoned gamblers. One of the main benefits is the potential for higher returns compared to traditional match betting. Since outright bets involve predicting the outcome of an entire tournament, the odds are often more lucrative.
Another advantage of outright betting is the extended duration of the wager. While match betting offers instant gratification, outright bets can keep you engaged throughout an entire season or competition. This long-term involvement adds an extra layer of excitement to your sports viewing experience.
However, it’s important to note that outright betting also comes with its share of risks. Due to the longer duration of the bets, you need to exercise patience and carefully manage your bankroll. Additionally, the uncertainty surrounding the outcome of a tournament can make it challenging to accurately predict the winner or top performers.
Common Mistakes to Avoid
While outright betting can be exciting, there are a few common mistakes that beginners should avoid to maximize their chances of winning:
- Failing to research: It’s essential to gather as much information as possible about the teams, players, and previous performances before placing an outright bet. Researching trends, form, injuries, and other relevant factors can significantly improve your predictions.
- Betting on favorites without value: Just because a team or player is considered a favorite doesn’t always mean they offer good value in outright betting. Assess the odds and consider the potential returns before placing your bet
- Overestimating underdogs: While upsets can happen, it’s crucial not to overestimate the chances of underdogs. Evaluate their previous performances and assess their realistic chances of winning before placing any bets.
- Ignoring bankroll management: Outright betting involves long-term commitments, so it’s vital to manage your bankroll effectively. Set a budget for outright bets and avoid chasing losses or making impulsive decisions.
Now that you know about how outright betting works, it’s time for you to bet on a trusted sportsbook. We recommend betting on the OKBet sports betting. OKBet is one of the most trusted sportsbooks in the Philippines that caters sports, esports, and casino games . The platform also have mobile app that you can download for better online gaming experience. If you want to bet on OKBet’s OKSPORTS, OKGAMES, or OKLIVE, don’t forget to take advantage of the bonuses and promotions, you can get extra credit for betting on different games.
Frequently Asked Questions
Outright betting is primarily associated with tournaments and competitions, but it can also be available for other events like award ceremonies or political elections.
While outright bets are usually placed before the start of a tournament, some bookmakers may offer updated odds throughout the competition. However, the odds may change based on the tournament's progress.
Outright betting odds are influenced by various factors, including team or player performance, historical data, public opinion, and bookmakers' assessments. The odds reflect the perceived likelihood of a particular outcome.
Outright bets tend to carry more risk due to the longer duration and uncertainty involved. However, they also offer higher potential returns, making them an attractive option for those seeking bigger payouts.