Proposition bets are called in different ways – for example, in some areas they are referred to as specials and in others just as props. All these words are used to describe the same term. It is hard to define this type of wagers. The truth is, they do not have a clear distinction. In most cases, they have to do with the outcome of a competition and they can cover different areas. For instance, telling what time any of the two teams will score the first goal in a football game is an example of a proposition bet. Another example is when you try to predict which team will have the first touchdown in an American football game.
Sports for Prop Betting
What are prop bets with regard to other sports? Let us give you a few more examples and you will see how diverse these can be. For example, they may be used when you want to say how many aces will be served by a tennis player in a tennis match or how many three pointers will be made by a particular basketball player in a game.
The fun part is that proposition bets are also used to make predictions about how a player will celebrate a goal that he has scored or what colour will be a golfer’s trousers, and so on and so forth. This type of wagers is avoided by the majority of serious bettors because there are no strategies to guess the outcome. It just comes down to pure luck. This is an area where you can barely use your sports knowledge. However, there are some markets where proposition betting will work. We suggest you have a look at the examples provided below. It is easier to understand something when examples are set.
Prop Bets for Cricket
This example probably shows best the diversity of proposition bets. It is taken from a cricket match between India and England. Just look at how many markets you can wager on in a single game. Most of the props are down to luck, whereas others, such as who will be the top bowler, require some sports knowledge. It is up to you to choose which bets to place and when.
Proposition Betting on Golf
This is a good example of proposition betting. Note that the odds on the first proposition are the same both for “yes” and “no”. This is because the chances of scoring a hole in one are 50/50. Guessing this outcome does not require any kind of sports knowledge. It is all about luck here. When it comes to the second wager, though, your sports knowledge will kick in. For example, if you thought that Sergio Garcia, Martin Kaymer, or Rory McIlroy were likely to win, but you were not sure who had better chances of winning, you could choose to place a prop on the nationality instead of on a particular player. As you can see, the odds are low, but this is understandable. They would be higher if you had to select the winner outright.
Baseball Proposition Bets
And here is the last example for proposition bets.
The figures were extracted from an online bookmaker. The betting data shows the prop wagers available for a baseball match. As you can see from the chart, the two teams are LA Angels and LA Dodgers. Whether you win or not depends on your sports knowledge more than it depends on luck. For instance, if you know that one of the teams has strong first winnings, you can bet on them, instead of on the other team.
We hope that we have answered the most important questions regarding proposition bets and that the examples we enclosed serve to show how versatile these can be.
Types of Betting
- Arbitrage Betting Explained
- How Hedging Bets Work
- Kelly Criterion Betting Strategy
- Moneyline Betting in Sports
- Parlay Betting Explained
- All about Point Spread Betting
- Meaning of Over Under Betting
- Understanding Outright Bets
- Explaining a Bet Accumulator
- Making Betting Permutations
- Basics of Live Betting
- What is Exchange Betting