Sportsbetting 101: Proposition Bets and How they Work

Posted by D.Zamzack on Monday,May 4, 2015 10:45, EST in

Proposition bets (also known as Prop Bets) happen when a bookmaker sets up odds for a potential situation and creates opportunities to wager on that hypothetical. These bets fit into the larger family of exotics, which refers to any bet that isn’t really concerned with one game’s outcome. Futures, props and parlays are all examples, but this article covers the proposition (or prop) bets.

Typical proposition bets include betting on which team wins the opening coin toss, which team scores a touchdown first, how many yards a running back will (or won’t) rush for in the game, or the quarterback’s final rating at the end of the tilt. You’ll find that, especially with the Super Bowl, there are many people who are just looking for something to bet on. Take a look below at some of the typical proposition bets.

For the 2010-2011 season, the NFL proposition bets included a series of items about Chad Ochocinco and Terrell Owens, two of the league’s most polarizing players. And so such prop bets as the number of yards and touchdowns that Owen would catch in a year are just a part of remaining active in the community. There was even a bet about the dollar value of the fines that Chad Ochocinco would have to pay.

Bettors are often fond of props, which are 50-50 shots, because they are interesting. Finally bettors get an angle on the game different from what they are used to. However, the best answer when wondering whether you should take one of these props is “No.” Many experts view these as bets for suckers, for multiple reasons. Even so, many bettors like 50-50 decisions because they manage to hold more interest than easier decisions.

Mark Sanchez - NY Jets vs Bills

If you’re going to start using prop bets, make them a tiny part of all the betting you do. Keep that part of your gambling portfolio at 5 percent, and don’t play them until your roll has grown by 20 percent on that given day. This gives you some bonus cash on hand, and losing still means a minimal risk.

 

Sources
ESPN.com (http://espn.go.com/nfl/player/stats/_/id/2584/chad-johnson)
TerrellOwens.com (http://www.terrellowens.com)