Proposition bet which is also called the Prop bet Prop bets are wagers on anything other than the ultimate score or outcome of a football game. Prop betting is popular among NFL bettors, but it is also popular among international soccer fans during the Gold Cup and World Cup events.
Props – often known as exotic wagers or simply “exotics” – are designed to provide a wide choice of bets on almost any phase of the game with only a definite outcome.
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Proposition betting is often commonly associated with club and player results, although there are other varieties as well.
Prop bets are difficult to categorize by their very nature. Prop bets may be any stake involving an event other than the game’s outcome, and therefore by definition, a proposition bet can be any stake involving an event other than the game’s outcome.
The following are just a few of the most common prop bets accessible at online sports betting sites.
Team and Player Performance Props
The most fascinating bets, in my opinion, are those that are related to performance. I’m not a fan of exotic bets, but I do enjoy statistics, and I believe that any sporting bettor who doesn’t know his figures is gambling with his money. These props are simple to track and handicap (for an active bettor) since they are directly linked to how teams perform statistically.
Consider this scenario: How many three-pointers would LeBron James make tonight?
- More than 2.5
- less than 2.5
Note how the prop is shaped like a regular game total wager in this case. It’s a simple wager to understand, take the over if you think King James will make three or more threes tonight. Take the under if you don’t want to risk it. This type of prop appeals to me since it’s simple to research — LeBron had a couple of games this season when he hit more than 2.5 three-pointers, but they were generally against a club with a very weak defence. If you notice that the defence he’ll face tonight is weak, take the Over.
Yes / No Props
The bulk of wagers on the Super Bowl, World Cup, and March Madness (as well as other tournament series) are Yes/no propositions.
There are a lot of straightforward Yes/No propositions – Would There Be a Foul during the First Five Minutes? Would Defense Score Sooner than the Offense? etc. – that are tough to handicap as a bettor.
You can very much toss a coin and select aside because they’re set up as a win/loss bet. Laying a wager on a prop like this, in my opinion, belongs to the extremely detailed statistics expert who knows which side is more likely, or the risk-taker seeking a quick buck.
Here’s an illustration:
Dallas Cowboys vs. New York Giants
Is there going to be any overtime?
Yes, dial +800.
No, -1100
In this case, you read the data as if they were a Moneyline, with the + side representing the underdog and the – side representing the favourite. In the example above, a successful Yes wager would pay $800 for a $100 bet, but a successful No wager would require a $1,000 stake to bring home a $100 payout. The game will not go into overtime.
Alternate Lines Props
This is a new type of exotic play that gives a lot of value to bettors who have a strong opinion about a particular game. This one is best left to risk-takers and stat nerds, but that’s true of almost every prop on the table at your sportsbook.
Let’s take, for instance, New York is travelling to Foxborough to take on Tom Brady and the Patriots. Your sportsbook has the Patriots favoured by three points, but you believe the line is skewed. There is a prop that allows you to put your money where your mouth is and back the Patriots at even longer odds for a potentially higher return.
This is how the prop would appear:
- New England Patriots -3.5: +210
- New England Patriots -7.5: +400
- New England Patriots -10.5: +550
- New England Patriots -14.5: +800
You may put a bet that pays out as much as 8 to 1 depending on your level of confidence. Of course, in this case, New England would have to beat the Giants by more than two touchdowns to win that reward.
This prop is particularly frequent in US-facing sportsbooks in the football markets, especially college football, and it tends to crop up for conference and league championship games. This prop may be appropriate for you if you have a lot of sports expertise or are prepared to take a chance on a blowout.
Betting Strategy for Props
Prop betting strategy is a misnomer; the only way to “prepare” for a prop is to be a longstanding fan with a photographic memory or a statistics geek who has done a lot of studies. Most prop bettors are regular sportsbook clients trying to pass the time while perhaps winning some relatively easy money.
That isn’t to suggest that strategy in prop betting isn’t viable; if you’re going to make a prop wager, you should, of course, seek the best lines. Why take a higher line on the Patriots at +400 when the same outcome pays out at +450 at the book down the street?
Conclusion
Exotic bets have long been associated with degenerate gamblers, but I believe that many of them are genuine bets that can be cracked using plain old-fashioned statistical expertise. If you’re thinking about putting an exotic wager, shop around to see which bookies have the highest odds and rewards. You might be able to leverage your encyclopedic knowledge of National Anthem durations into a tasty steak supper with a little luck.
In this article, we’ve discussed what prop bets are and the many types of prop bets available at sports betting sites, as well as illustrations of what each of those prop bets entails. Take your time to consider these highlighted points and bet responsibly.
