What Does Outright Mean

In this post, we are going to give you the meaning of outright betting that is, we are going to explain what an outright bet is, and we will also offer a few examples to make our explanations easier to understand. Before we begin, we want you to know that the terms outright bet and future bet mean the same thing.

The name suggests that you are trying to predict a future event. This type of wager aims at pointing how an entire competition will end. It is not about telling who you think will win an individual game or event. It is about telling which team or player will win a competition. For instance, guessing the winner of the European Championship is an outright wager. In the United States, the term futures is more common, whereas the rest of the world uses the term outright. It is a matter of geography. So, like we said, we are tasked with explaining the outright bet meaning, and we suggest you take a look at the examples we provide. They will make things a lot clearer. Let’s get to it.

Recommended bookmakers for outright betting

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Tennis Outright Bets (Winner of US Open)

To better illustrate the meaning of outright betting, here is an example with tennis. The above chart shows the different players. On the right of each player, you can see his odds of winning in the bookmaker’s view. What is interesting about outright betting is that you do not necessarily have to make your bets before an event begins. The good news is that you can place wagers late in the game. That will still count as an outright bet. Just so you know, the excerpt is taken from a bookmaker’s site and shows the odds at the quarter-final stage of US Open 2014. As you can see, outrights are possible at this stage of the game.

Now, let us tell you that if you want to be successful, it is best to place wagers at a later stage of the competition rather than in the beginning. You will have bigger chances of guessing the winner. Just keep in mind that the odds will be much lower at this point, but it is better to bet on low odds and win than to risk your stake on high odds. If you wait to see how the competition is going, you will have time to see how each team or player is competing and who is in the best shape of their life.

So, you just got an idea ofhow this type of bet applies to tennis, but there are plenty of sports out there. What does outright mean and how is it expressed in terms of other sports? It means the same thing, only there may be more players and teams, and the odds get to be different. Let’s have a look at more examples.

Outright Football Bets (Premier League)

Here is another example. For it, we are going to use an excerpt about the English Premier League taken from a UK bookmakers. The odds are taken from bookies during the 2014/15 season of the League.

Again, it reveals the odds of the different teams winning. As you can see, only a few teams have low odds, whereas the others have quite high odds. This just serves to show that these teams have little to no chance of winning the Premier League. The teams that have short odds are more likely to win.

The truth is, it is easy to select a winner of the League since fewer teams take part in it. But is this the same with other competitions? Keep reading our page and you will see.

So, we have seen how this type of bets works with football, but what does outright mean with regard to American football and how is it expressed? We suggest you have a look at the last section on this page where we give you one more example.

Outright Betting & American Football (Super Bowl)

This time the odds are expressed in moneyline format, but for your convenience, we have written its decimal equivalent in brackets.

The last example that will help you understand the outright meaning better is taken from a US bookmaker. The chart shows some of the participants in the 2015 Super Bowl and their chances of winning expressed with odds. As you can see, it is much more difficult to pick a winner in such a competition because there are quite a lot of teams. Just so you know, the figures from the above chart are taken at the beginning of the season.

Other Types

We advise you to check all of the betting types before you decide which one to use.

Outright Avionics

Other Betting Markets & Strategies

This is Our Conclusion

We picked three examples in an attempt to explain the meaning of outright betting. Such bets are very easy and straightforward. All you have to do is choose a winner and decide on your stake. It is easier to place such a wager than to make a correct prediction, but as you know sports betting has its risks.

We believe we explained the outright bet meaning at length and we hope you know what they are about after reading the post.

When families come in to do planning with me, we discuss at length how they want their children (or other beneficiaries) to inherit their wealth. In fact, whether they want their wealth inherited 1) outright, or in 2) Lifetime Asset Protection Trusts, is one of the critical questions we dwell on. Things to considers are how much control they want to have of their money from the grave and each beneficiary’s spending habits, spouse (and potential for divorce), maturity, etc.

Trusts can be drafted in such creative ways to achieve very specific goals; so let’s review:

Beneficiaries can inherit in one of two ways. The first way, and most common, is to inherit assets outright, where the assets are distributed free and clear from all oversight and directly to the beneficiary. In reality, this means a check is made payable to the beneficiary or assets are titled in the beneficiary’s name, and the beneficiary does as he or she wants with the inheritance.

Alternatively, a beneficiary can inherit “in trust.” This can mean a lot of different things, but most often, it means the assets that are inherited are titled in the name of a trust, rather than the beneficiary’s name. The structures of these inherited trusts vary widely.

Outright Vermont

Some trusts are designed so that the assets in the trust are protected for the beneficiary from things such as a potential divorce, creditors, lawsuits, bankruptcy, etc. These assets do not become marital property with the beneficiary’s spouse, and they are protected from any personal liabilities of the beneficiary.

The assets are for the beneficial use of the beneficiary, and distributions can often be made to the beneficiary for health, education, maintenance, and support (the IRS HEMS Standard), or otherwise, as determined by the trustmaker. Often times they are set up so that when the beneficiary reaches a certain age, they can become their own trustee, having full control over the assets and making distributions to themselves whenever they choose. Prior to reaching that certain age, another person acts as trustee, either a trusted person or a professional trustee.

Sometimes a trust will prohibit distributions for certain things, or allow distributions only for specific purposes, such as education. If a beneficiary is (or likely will be) on any state or federal benefits, a special needs trust may be created, prohibiting distributions for anything that the beneficiary’s benefits would otherwise pay for. These trusts also prohibit the beneficiary from ever being his or her own trustee, which is usually required in order to maintain any benefits.

Trusts can be structured so that when the beneficiary reaches certain ages, the trustee makes distributions from the trust outright. For example, the trust may say that the beneficiary receives 1/3 of the trust assets at age 25, 1/3 at age 30, and the remaining balance at age 35. The purpose of a trust like this may be to protect the beneficiary from receiving a large sum at once and preserving the trust assets over a period of time. However, once a distribution is made to the beneficiary, it’s no longer protected from the beneficiary’s personal liabilities. Also, if the beneficiary has reached the age for the final distribution when the assets are inherited, (e.g. has reached the age of 35) the trustee must distribute all the assets to the beneficiary, and none are inherited in trust.

A trust can also be created by the court if a person passes away, leaving assets to a minor. This trust would then hold the assets until the beneficiary reaches the age of majority. Until then, a trustee, appointed by the court, controls the assets and has the responsibility of making distributions to the beneficiary.

Inheriting in trust can mean a lot of different things, but usually comes with benefits that are not available otherwise.