One of the more intriguing sides to betting is the proposition bet. This bet is one that is a wager on the likelihood of a certain outcome happening.
Sometimes, the bet itself has nothing to do with the outcome of a sporting event. If you are a thrill seeker and are looking for flexibility in your bets, then prop bets are there for you.
Top Tips For Prop Bets
When looking to place a prop bet, you need to know a few things before diving in. The purpose of these bets should be for entertainment and to make a little money.
The top tips for prop bets are going to be:
- What is a prop bet?
- Looking for an edge
- The benefits of a prop bet
- Your bankroll
What is a Prop Bet?
These bets are sometimes referred to as a specials bet. Prop, proposition, and specials bets all mean the same thing.
For the most part, a prop bet has no direct correlation to who wins a game or event. This makes these bets very different from the moneylines, totals, runlines and other types of bets. Instead, these types of bets revolve around an outcome separate from the ending result.
For example, a prop bet would sound like, which team will score first, what is the opening coin toss result (heads or tails), or even if the coach will wear their hat backward. The bets themselves are merely a bet on a certain aspect of a game. It really makes for an entertaining point of view on betting.
Looking for an Edge
When placing a wager on a prop bet, you could divide them into two categories. One of them more of a fun bet and the other a more skillful bet.
A fun prop bet is one that is considered more for entertaining gamblers. As such, you will see bets that look like, what color is the Gatorade that will be dumped on the winning coach, which team will win the coin toss, and will the mascot do the Cha-Cha Slide.
These bets, as you can see, can be silly at times. It is important to remember that if you bet on these that you understand that you may not be able to do the best research, and thus you are simply guessing.
For the skillful side of things, you will see that these bets require a little more knowledge about the teams at play. Skillful prop bets, for example, will look like this; will a first pitch be a ball, strike, or hit, will the game go to overtime, and will a certain player score more than 2.5 touchdowns.
These bets need more attention since you need to look up more information to try to make an educated guess on what is going to happen. This way, you will be able to come up with a more solid winning bet versus a fun prop bet.
Benefits of a Prop Bet
Prop bets will provide more than just the money side of things. When taking into account the simplicity of it, you can see why these bets are popular. The main benefits of prop bets include; flexibility, good for newbies, and entertainment purposes.
These bets provide flexibility and are some of the best ones out there. Say you want to bet on LeBron James scoring more than 25 points for the night.
Without prop bets, all you could do is bet on the Lakers to win, since he is on the team. Prop bets allow you to zone in on certain players and outcomes.
These bets are also excellent for new sports bettors. Anyone can pick a color that they think the Gatorade will be poured out of a cooler, and anyone can pick heads or tails for a coin flip.
Remember, these bets are for entertainment purposes and should still be treated with respect because you have to bet money on them to participate. With that being said, these bets offer a shake-up to your normal routine and give you something to possibly laugh about along the way.
Your money is something that you should keep an eye on. With these bets, it is very tempting to want to bet on them all day long.
As such, these bets also have the appeal that makes them dangerous to keep betting on. You think to yourself, ”I can guess heads or tails,” and then you lose on that bet and keep trying other easy ones to make up for that loss.
As long as you have a good idea of how much money you can spend on online sportsbooks, you are in good shape. If not, try making a budget and stick to it.