Taking a Look at Prop Bets
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Sports betting is popular all over the world, and there is obviously something very challenging about placing a wager within this context. And the competition produces operators that have menus of wagering options that are ever-increasing.
You can bet on almost everything, and it is with spirit in mind that we discuss a certain kind of wagering that we refer to as a ""prop bet,"" which is short for ""proposition."" Theoretically, any situation where you can place a wager, whether it is in the sportsbook or a casino, is a proposition; all you need are two or more different results that can be achieved and odds for the payouts on each of those outcomes.
However, for purposes of this discussion, and as per the vernacular of sports betting as it is commonly known, there is a narrower meaning. You can place a bet on either side winning and event, or on the total score (in the case of the four ""major"" North American team sports, for example). There are first half and second half bets that can also be accessed.
The prop bets we are talking about involve something extra; something that is within a particular event, so to speak. They can involve a certain aspect of an event, or a certain participant. And the possibilities are almost endless.
Some of them are very generic, and may apply to any game that can be played. Take a football or basketball game, for example. At most sportsbooks, you may be able to place a wager on which team is going to score first or which team is going to score last. In the NBA you may find a ""race to 20 points,"" which could look something like this:
Team A score 1st 20 pts +110 Team B score 1st 20 pts -140
As mentioned, in football, you may find this kind of a prop on which team will score first:
Team A scores first -150 Team B scores first +120
Sometimes in hockey or baseball, you may see a prop called the ""Grand Salami,"" in which the bettor will place a wager on whether the total runs or goals will be over or under a certain number. Here's an example from the NHL:
Over 60.5 Goals -115 Under 60.5 Goals -105
There are also player prop bets for sports betting fans to consider. These will either present a wager on an individual player's performance in any given game, or perhaps put it up against another player's output. So let/s consider NBA star LeBron James. There could be a prop bet involving his total points for a game:
LeBron James over 26.5 pts -140 LeBron James over 26.5 pts +110
Or he may be measured against another player - maybe one opposing him in a game, such as Carmelo Anthony, where there is a pointspread attached:
LeBron James -1.5 -115 Carmelo Anthony +1.5 -105
So James would be a 1.5-point favorite over Anthony as far as individual point total is concerned, and you would be laying a slightly higher price with him.
Prop bets can be great fun, and if you listen to many sports betting professionals, there is the possibility of extracting an advantage over the house. But you have to make them a careful study!