Futures betting is the name given to sports bets placed on events taking place in the future. The odds are fixed and the player has the option to bet on any aspect of the event, from the final score to naming the players that score. Odds may vary as the event gets closer, but once the bet is placed the player keeps the odds that were stated at the time of the bet. Odds will often reduce as the event gets nearer, so placing a bet well in advance could mean a much better return.