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General betting rules apply to all college basketball futures betting. In addition, the following rules are specific to betting on NCAA basketball futures such as futures on March Madness betting.
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 March Madness 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 NCAA basketball tournament odds.
Because of the number of competitors, futures bets offer larger payouts. The larger payoffs are offset by the increased difficulty of picking a winner.