What are Prop Bets?

What are prop bets?

Also known as a proposition bet, prop bets were developed to give bettors more betting options than just a bet on whether your team will win or lose. They are bets made on an a player or an event, such as how many goals a specific player will score, or which team will get the first touchdown in tonight’s game. To remain competitive in a quickly expanding sports betting world, sportsbooks have increased the number and variety of prop bets to include almost every popular sport bettors love.

Even the most serious bettors have discovered something special about prop betting. Much like betting on the point spread or the puckline, some research and strategy can make prop betting into a profitable part of your wagering game.

What are Super Bowl Prop Bets?

Prop bets became popular during Super Bowl, when sportsbooks realized they could offer odds on just about anything that could potentially happen before, during and after the game. For example, most books will offer odds on the following:

How long will the national anthem be?

Over 1 minute 50 seconds -110 Under 1 minute 50 seconds -110

Will the Super Bowl coin flip be heads or tails?

Heads +100 Tails -110

Those are just a couple of examples of the dozens of prop bets available during the Super Bowl. During the regular season, NFL fans wanting to place a few prop bets are in luck, because sports books offer them on every single game. For example, you can wager on who will score the first touchdown in this Sunday game between the New Orleans Saints and the Minnesota Vikings. If you think Alvin Kamara is going to carry that first TD across the goal line, and he does it, your $10 bet just turned into a $70 win.

You can also find prop bets for non-game events. Winning awards, like MVP or Rookie of the Year, in every major sport, are usually up on the prop betting boards.  In our example, the prop bets for the 2018-19 NBA Regular Season MVP are posted at the beginning of the season. This means that if you really feel a specific player is going to have a breakout season, you can put your money down early, when odds tend to be much higher.

Major League Baseball prop bets include ones like our example below, on who will be the World Series MVP. As you can see, Mookie Betts and JD Martinez are the easy favorites here, but if you felt like +2000 Manny Machado was on the verge of playing the best baseball of his life in the next few games of the World Series and he went on to win the MVP award, that $20 you put down on Manny would earn you $400.

Prop betting has become extremely popular in sports like Mixed Martial Arts, where athletes like Conor McGregor, who is known for his outlandish antics before and during fights, have created an entirely new element to betting on the UFC. Now, you can put down some money on whether or not Conor will throw a chair at his opponent or at the audience. The options are limitless.