A bet made with a long-term horizon measured in weeks or months that is placed before the sports season starts or on occasion midway through a season, and if successful, is paid at the end of the season.

• A. Seasonal wager
• B. Long-term wager
• C. Future wager
• D. Season-long bet

Answer: (C)

The idea being tested is bets that look ahead to a season-long outcome and are decided at the season’s end. This is a futures bet: you place the wager with weeks or months of horizon between the bet and its settlement, and the payout comes only after the season concludes. You can put such a bet in before the season starts or at some point during it, but the key is that the result isn’t decided until the end.

Other terms aren’t standard for this pattern. A seasonal or season-long label isn’t the commonly used sportsbook category, and while “long-term wager” describes the spread of time, it doesn’t capture that these bets are specifically settled at the season’s end the way futures do.