What are Prop Bets? Learn About Making Prop Bets
In the simplest of terms, a prop bet is any bet that does not affect the main score of the game. This can also be called a side bet. This is a very exciting type of bet because the player here has the option to wager on nearly anything.
Prop bets offered are different at every sportsbook, as some will offer more than others. When we say they can be on anything we mean it.
Every year Super Bowl props are offered on wild markets like which color the Gatorade that is poured onto the winning coach will be. If the player can bet on things like that, then the possibilities are endless.
The Super Bowl is the event that draws in the most prop bets, however they can be made on any game the player chooses. Prop bets range from complete gambles to bets that can be won on a consistent basis depending on the market.
In this article we will discuss the different types of prop bets and strategies for making these bets.
Can I Make Money with Prop Bets?
Everyone at some point in their life has made a prop bet. The “I bet you can’t do that” has become such a general statement that people are making prop bets all of the time. When it comes to sports, prop bets range from those that take a certain amount of knowledge and strategy to those that are basically a complete gamble.
If the odds on the color of the gatorade being blue were at -140 and the odds for green were +210, then why not take the green? Unless you know of some team tradition; with prop bets that require no strategy theoretically the player can take the option with higher odds all the time and still have about an even chance.
Below are some examples of various prop bets offered during for NFL games. As you can see, they can include just about anything:
NFL prop bets from William Hill Sportsbook
The sportsbooks to not need to have equal odds on both sides, they simply need to have equal money on both sides. So if for some reason you see the public start to lean in favor of tails by betting on them more, you will immediately begin to see the odds start to increase on heads.
A few examples of props bets are betting on a certain player to score, will the game have an overtime and if the game will be decided by a certain number of points or not. When undertaking these types of bets, the player has the opportunity to do lots of research to increase the chances of winning. Like looking at whether a certain player will score or not.
- Running Back
- Wide Receiver
- Tight End
In every sport, there are designated positions where the players are much more likely to score. Think of wide receivers and running backs in football, strikers in soccer, the first four batters in a lineup, etc. Once you look at the players start determining how they will match up in that game.
You can look at form, opposing defenses, whether they need to win or not and many others. The best thing about choosing a certain player to score is that the odds are normally very high for this market.
What are Some Popular Prop Bets
Here we will list some different types of the most popular prop bets you can make:
Individual player props
This includes a variety of different prop bets all focused on a single athlete in the game. You can make over/under bets on how many points they will score, rebounds they will get, etc. You can also bet on whether they will score or not like mentioned above. Another option is whether they will be the first or last player to score.
Wagers on Timing
These mostly take into account scoring, however they can be placed on most events in a game. Some of the markets here include how long it will take for the first team to score, in what minute will the first goal be scored and the bet mentioned above, how long will it take for the performer to sing the National Anthem.
These are bets made over a long period of time usually for a team or player to achieve a certain goal. They can include teams chances to win their respective league or championship or on player’s individual achievements. For example, at the start of the season you could make bets on the Los Angeles Lakers to win the NBA Finals and for Lebron James to finish the season with a certain number of points or rebounds. These can also be made on individual awards like the MVP of a league.
Bets on Totals
Types of bets that fall into this category can be placed multiple times per game. That is because these bets are usually made for only a specific time period in the game, like a quarter of a football game. So you can actually make four of the same type of bet in one game. Different versions of this bet can include any statistic. For example, you could bet on the total number of points, shots, rebounds, assists, steals, blocks etc. for a quarter or even a half.
Will it Happen
One of the most fun prop bets to make. The player will be given a situation and simply needs to decide whether it will happen or not. These come in a variety of different forms. A couple examples would be if the Raptors will score over 100 points or if Chris Sale will have more than 12 strikeouts in a game. Simply pick yes or no! These bets can be a lot of fun because it narrows your focus to a very small area of the game.
Make the Best Prop Bets
Prop bets are absolutely not limited to just betting on sports games. In fact, most significant events will have prop bets available. For example, the Academy Awards will have bets available on who will win the award for just about every category present at the event.
You can also make these bets on table games like Blackjack and Texas Hold’em. Popular bets here include which card will drawn next or if it will be red or black. There are also games within the games at a poker table. Some of these include games like Deuce-Seven or Straddle Orbits.
They are a lot of fun and you may even be asked to play one your next time at the poker table. There are plenty of them available and almost all of them involve betting more money. So do not be afraid to opt out of these side games if you just want to focus on poker. And of course you can make prop bets in your everyday life as well.
Its always fun to bet your friends to do outrageous things. Even if they end up taking your money, the entertainment is as grand as your imagination lets it be. Or depending on what your friend is willing to do. Everything has a right price!