Ever Wonder What a Prop Bet is For Sports Betting Events?
Props, or proposition bets, are single wagers placed on outcomes that are not directly related to the final score of an event. They are often placed on major sporting events like the Super Bowl or US Open golf major tournament. Many online gambling and Las Vegas sportsbooks will place numerous props on their sports betting board. They include such NFL sports betting props as how many times will a quarterback throw the ball and how many passes will they will complete. Popular sports wagering prop is which player will be named Super Bowl MVP. Online sports betting establishments will usually be the first to post proposition Super Bowl betting odds. In Las Vegas sportsbooks the Hilton sportsbook will have the most Super Bowl sports wagering props and often are the first to post the Super Bowl prop betting odds in Las Vegas. The Hilton sports betting establishment averages about 200 Super Bowl betting props each year. The amount wagered in Nevada on the super bowl estimates to be well above $70 million dollars each year.
Proposition bets can be on other sporting events, politics, and various other topics. A very popular bet at online sportsbooks is the outcome of the US presidential election. Such proposition betting offered is on each presidential candidates odds of carrying each individual state. Another popular bet on the election is betting on the amount of delegates the candidate will win in the general election. On the entertainment side many online gamblers can bet into odds to win the Golden Globes, Oscars, Academy Awards and American Idol. Odds (in either moneyline or fractional format) are posted for each possible outcome.
A common entry in a proposition bet is a Field entry. This catch-all category is used for any competitor not specifically listed in the prop who is competing in the event. For example, a prop on a PGA event might list odds for the best 30 players (e.g., Tiger Woods 1/1; Phil Mickelson 5/1). Field betting on golf events is very popular in the majors such as the US Open, PGA Championship, British Open and The Masters betting. As PGA events often have 75 or more competitors, the players who don’t have odds posted individually would be listed indirectly as part of the field. If a player in the field wins, the field will be declared the winner for wagering purposes. Many professional gamblers will look for live underdogs in the field prop bet. Some major golf tournaments like the US Open will provide long shots and with a winning field sports betting wager the bettor will earn a healthy profit. From horse racing a prop bet on the field is quite popular. Many horse bettors can bet on the field, which are the long shots from the race who are grouped together on the betting board. Betting on the Kentucky Derby is one of the most wagered bets in horse racing. Kentucky Derby betting figures are over $110 million dollars each year. The Triple Crown races and Breeders Cup usually offers field bets to horse racing bettors.
There are certain rules and restrictions posted on prop betting in Las Vegas sportsbooks and at online sports betting facilities. A professional gamblers best practice is reading all the fine details before placing a sports bet. Players in a one- or two-player prop must enter the game for wagers to have action. If a player withdrawal from an event due to injury the sports wager will be graded as no action and the sports bettor will receive a full refund. In a prop with three or more players, however, all wagers have action even if a player doesn’t play. It is always best to do thorough research and look at the health of the player you will place a sports betting prop wager on. Many websites offer injury reports and give very thorough sports betting information. If you are betting a Super Bowl prop it’s a good bet to check out the odds at competing sports books and shop for the best odds.