General betting rules apply to all NBA futures betting. In addition, the following rules are specific to betting on NBA basketball futures such as betting on the 2010 NBA championship.
A futures bet is a bet on an event where there are many competitors, sometimes made long in advance of the event taking place.
Futures are most common in events like 2010 NBA championship betting, motor racing, NASCAR, or golf, among others. Futures are also posted in major competitions, like Major League Baseball and the NFL, at the start of the season, where players can get better odds on a team in which they have confidence than they would get later in the season or start early to bet on the 2010 NBA championship.
Because of the number of competitors, futures bets offer larger payouts. The larger payoffs are offset by the increased difficulty of picking a winner.