General betting rules apply to all NCAA college football futures bets and future college bowl betting. In addition, the following rules are specific to futures betting on college bowls.
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 college bowl 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 bet on college bowl games early.
Because of the number of competitors, futures bets offer larger payouts. The larger payoffs are offset by the increased difficulty of picking a winner.