Baseball season is upon us and that has many bettors playing futures like win totals and division winners. Before you put down a penny on these you have to keep in mind one thing: The Time Value of Money (TVM). This is a link to an excellent tutorial on the subject with a calculator.
Simply put, TVM states that a dollar today is worth more than a dollar tomorrow, or a week from now or in the case of a baseball season 6 months from now. This is because you can earn interest on the money while it is under your control today vs having it sit in some other guys bank account making interest for him until you get paid off (assuming you win). The key to remember is these bets tie up capital and you have to be compensated for that to make it a good bet.
The good news is there are plenty of sharp bettors out there that will often pass on an otherwise juicy futures bet to keep their working capital freed up and therefore these softer futures stay out there longer to be picked off by the non professionals.
Hope you found this useful and best of luck in whatever you may play!!
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