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Outright Betting Explained: Outright Betting Guide and Tips Cover
03 Nov 2023

Outright Betting Explained: Outright Betting Guide and Tips

by Oddspedia Experts
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Outright bets are long-term game predictions in a competition, tournament or league. Most outright bets come at the beginning of the season and cover the entire season. However, you can still place outright bets during the season. This outright betting guide will explain how it works, the type of bets, why most punters prefer it and how it affects subsequent future bets.
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Table of contents:
  1. How Outright Betting Works
  2. Long Term Bet Types
  3. Outright Bets - Tips and Tricks to Win
  4. Most popular sports for making Outright bets
  5. Conclusion
  6. Outright Betting FAQ

How Outright Betting Works

In sports betting, every competition has a season with clear start and end dates. Since bookies know the participants and their history, they can estimate the possibility of each team concluding the season. Teams with the highest possibilities have a lower probability than those with the lowest chance. This is the basis of outright betting explained.

An outright bet is a bet placed on the outcome of an entire league or competition as opposed to a single bet on an individual game or event.

There are different outright betting markets for long-term bets based on the eventual outcome. The most common one is the outright winner. If a league or competition has several teams, the outright winner is the probability of one of the teams finishing at the top of the leaderboard.

Betting on outrights also means that your team finishes as one of the members of a targeted group—for example, the probability of a team finishing among the top or bottom 3.

Long-Term Bet Types

There are several types of outright bets with sports betting, ranging from definitive to group betting—classic long-term bets centre on one outcome, like the winner. Group betting is a cluster of teams in a bracket if your team finishes among them.

Outright Winner

It is the most common outright bet and arguably the most lucrative. In an outright winner bet, the bettor must predict the team finishing at the top of the table or leaderboard. It is the team with the highest points accumulated throughout the season. Since it is only one out of the total number of teams in the competition, the odds value is relatively high.

Relegation

The team(s) with the lowest points accumulated throughout the season moves to the lower level. In football leagues, 3 out of the total number of teams move to the lower league. If you predict 1 out of the 3 teams that will be relegated, you win the bet.

To Qualify

It mostly happens during playoffs in tournaments or at the end of the season in leagues. In football tournaments, a group has at least 4 teams from which 2 can qualify. For some leagues, the top 2 teams qualify automatically, while positions 3, 4, 5 and 6 go through playoffs, from which the winner qualifies. Other games have playoff models to promote teams to the next level.

Top 4 finish

Teams or individuals that finish in the top 4 in a tournament or league fall under this bet. The bet means that your team in the league or tournament will finish among the top 4. Its odds are relatively lower since probability comes in multiples of 4. If the league has 20 teams, the winning chance is 0.2.

Bottom 3

It works like the Top 4 finish, only that you have to predict if a team will finish among the bottom 3. Your selection should make it to the list. However, the probability is lower since the possibility comes in multiples of 3. In football, for example, the bottom 3 teams are relegated to the lower league.

Top Goalscorer/Golden Boot

The market entails predicting the player who will score the most goals in the season. Such outright bets are common in football, both in leagues and tournaments. If there is a tie, the selection criteria widen to include goal assists, the player's discipline and total time spent on the pitch.

Ballon d'Or

Ballon d'Or is the player's general performance throughout a football year. It would be best if you predicted who among the listed players will walk away with this football's most coveted honours. As a football punter, you must examine the silverware won, goals scored, and general discipline throughout the year.

NBA MVP

The MVP is basketball's most prestigious honour given to the person who stood out the whole season. As an outright bet, you have to choose from the list of who best fits the award. Like the Ballon d'Or, basketball has outstanding players who stand out in season.

Next Manager to be Sacked

The expectation in football from fans and club management has made the football manager's job highly volatile. A string of bad results can spell doom to a manager's job. From the analytics, the sportsbook can offer a market where you have to select from the list who will go home first.

Outright Bets - Tips and Tricks to Win

Before placing outright bets, you should research every element on the market. Gather information on the teams: previous performances, new signings and their record compared to their opponents. It will give you a headstart on what to expect.

Secondly, the opportunity cost for selecting a long time versus a short-term bet is significant. If you bet early, the odds value can offer substantial returns compared to betting midway in the season.

Thirdly, know when to bet as it affects the odds value. Betting on outrights at the beginning of the season might make business sense since it is at its peak. However, monitor the league/tournament for some time before committing.

More importantly, stake with a significant amount as it is a one-off offer. If possible, utilise free bets credited offers and betting bonuses as it is a win-win situation.

Football, basketball, horse racing and tennis are the most common sports with outright bets. Their league and tournament structure is transparent, with information on its operationalisation out in public. Also, the games have big followership from all corners of the world.

Sports categorise every activity in its ranks, creating individuals and teams that are outstanding. Analysing such data is straightforward and gives you the most probable outcome.

Outright Football Bets

  • Tournament/League Winner - The market requires you to predict who among the teams will emerge victorious from the English Premier League, for example. Each team has odd values based on the possibility of winning.
  • Relegation/Bottom 3 Market - After the end of the season, three teams will move to the lower league. You have to predict which teams in the league will fall in that category.
  • Top Goalscorer - From the list of the players, you have to predict who will finish with the highest number of goals.
  • Football Player of the Year - The award is given to football's most outstanding player in a calendar year. The award brings together footballers from all corners of the world.

Tennis Outright Bets

  • Tournament Winner - Tennis has several tournaments all year round. You can predict the player who wins in any of the tournaments.
  • Top-Seeded Player - The tennis ranking system reacts due to changes in form, trophies won and the winning percentage. Some tournaments, such as the Grand Slam circuit, contribute significantly to ranking.
  • Circuit Winner - Tennis has games played in different locations worldwide, adding to a circuit. The person with the most wins in the other legs of the circuit is crowned the Circuit Winner.

American Football Outright Bets

  • Outright Winner - The bet requires selecting the team winning the league or tournament.
  • Best Player - You must select the most outstanding player in the season from the list. They should be an all-round player who performed exceptionally in the year under review.
  • Most Penalties - It is a bet that requires you to select the team with the most punitive instances in the whole season.
  • Team With the Most Scores - Bettors have to predict the team they think will outscore others in the whole tournament or league.

Horse Racing Outrights

  • Outright Race Winner - It is the horse/rider who emerges at the top in a race or the whole circuit. Since different factors contribute to winning a race, the stakes are high.
  • Top 5 Finish - You must choose one from the participating horses that will likely finish among the top 5. The probability of winning bets is high, which makes it a good market for risk-free betting.
  • Most Improved - The outright market recognises horses that have consistently improved their results.

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Conclusion

Outright betting is a long-term activity lasting as long as 9 months. If you decide to bet on this market, ensure you do due diligence before committing. Although some bets are straightforward, you need research, especially on the team players, to zero down to a more informed option.

Odds in outright bets are higher, especially if there are several options in an outright betting market. It improves the payout, earning you more than a standard pre-match bet. To improve your winning chances, bet on a game you understand. Wager a significant sum to improve your take home.

If the bet is not going as expected, opt out when the odds are still good.

Pros vs Cons
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  • Since it takes time to mature, you can cash out at any time, depending on the flow of the bet.
  • Odds value in outright bets are higher compared to pre-match and live bets.
  • Gives you time to study and analyse teams and players for a better outcome.
  • Long-term bets ensure that you follow the whole tournament from start to finish.
  • Winning takes time, which requires patience.
  • Not all bookies offer outright bets and those offer limited markets.
  • Betting on outrights means locking down betting funds on a single market over time. Regular pre-match and live betting have a shorter time, earning you more in the long run.

Outright Betting FAQ

❔ What Is an Outright Bet?

It is a betting format where players place long-term stakes on betting markets. These markets are mostly overall outcomes, like the outright winner, and come before the season starts. However, there are instances where you can place an outright bet in the middle of the tournament.

Outright odds values fluctuate depending on the performance of the team. The better the team performs, the lower the odds value and vice versa.

🏆 How Do Future Bets Work?

Before a tournament/league starts, the system lists all teams and participants. The sportsbook generates odds that predict how the team will perform this season, thanks to the team's overall performance in the previous season.

Top on the list of markets created are outright bets, especially the eventual winner when the league/tournament ends. However, as the league starts, the stats can change depending on the performance of each team.

💶 Is Outright Betting Profitable?

It is profitable, depending on the market. It allows you to research and observe how the league/tournament unfolds. Moreover, outright bets have considerably higher odds value compared to pre-match bets. More importantly, the stakes give you time to cash out if your bet starts losing.

💳 Do Outright Betting Odds Offer Good Value?

There are numerous factors affecting odds value in outright bets. First, the more participants in a single market, the higher the odds value. Also, if the teams/participants are balanced, it is challenging to pick a definite winner, which increases the odds value, especially at the beginning of the season. However, considering the maturity time, the stake amount takes a long to mature if your prediction becomes true.

🤔 Can You Cash out Future Bets?

Yes. The majority of top sportsbooks have a cash-out option for future bets. However, the amount you will get depends on the performance of your team. To be sure, confirm if your bookie supports cash out before betting.
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This article was written by our team of betting experts, any contributing references are noted below.
Last updated 03/11/2023
References
  1. Football Outrights Rules | Sky Bet. (2021). Sky Bet. https://support.skybet.com/s/article/Football-Outright-Market-Rules
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