What are derivatives and futures bets?

Jenny

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Derivatives and futures bets are types of wagers that allow bettors to place bets on the future performance of an event or asset, rather than just the immediate outcome of a specific game or match. A derivative bet typically refers to a wager that is contingent upon the outcome of another bet. This can include options where bettors can choose different conditions based on preceding outcomes. Futures bets are a specific kind with set odds that allow bettors to wager on the results of events that will occur in the future, such as championship outcomes or season wins, often made well in advance of the actual events.
 
Futures contracts, every so often known as futures bets, are contracts to buy or sell an asset at a set price at a given destiny date. Futures bets in sports betting entail setting bets on future occasions in order to be determined, regularly a few years earlier than the event happens.
 
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