Whether you’re a dedicated sports bettor or someone who just occasionally visits beste online casino sites, prop betting wagers can potentially make you a nice profit. But what is prop betting? We’re glad you asked. They’re wagers, whereas you’re betting on whether a suggested sportsbook event will happen or not. In other words, if the proposition you gambled on happens, you win money. If not, you lose.
And look: this year is going to be big for the sports betting industry. It’s not like the old days when you had to be present on the track to be betting on a horse race. Nowadays, you can do it online. And while many sporting events have been canceled because of the pandemic, a lot of them are still taking place as planned. So, don’t miss the opportunity, and let’s take a look at how you can keep pace with everything happening in the world of prop betting in 2020.
Applying Prop Betting to Sports
A prop bet in sports is a wager made on an event, which has nothing to do with the win. Depending on the game, it could be made on statistics, an athlete’s performance, or team discipline. An example from NFL football: wagering on the number of passing yards thrown by a quarterback in the course of the Super Bowl. Or from the NBA: on the highest scoring player. Popular prop betting in soccer is on the number of yellow cards in a match.
Types of Prop Betting
There are usually many options to stake on. Let’s take the NFL football example. Sportsbook traders will start by setting a threshold for the passing yards. And you’ll have the option of betting on whether the quarterback will throw under or over that number.
But in the NBA, where the bets have more to do with individual performance, you can gamble on any of the players.
Time-related prop betting usually goes like this: you will be offered five-minute periods to pick from. If during that time-slot someone will score a goal, you’ll win.
Method prop betting works great in rugby, for example. Here you can bet on a penalty kick, penalty try, simply a try, or a drop goal. But since a player needs to score a try before getting to kick a conversion, the latter cannot be gambled on.
More Complex Prop Bets
While the basics of prop betting are quite simple, you can also request for more complex ones. For example, let’s say you’re pretty sure your favorite soccer player will score the first goal in the upcoming match. But the teams are also known to have quite a poor discipline. Then you could make a combined wager on your player scoring the first goal and getting a red card. As each of the props comes off, your odds of winning pile up. Because here’s the catch: to get your money, all the events that are part of the wager must happen.
Skills and Fun
The props with different wagers combined are tests for your skills. You need to have enough knowledge about the player, the team, and the whole sport to pull it off. But don’t forget to have some fun also. You won’t be right 100% of the time, and that’s fine. That’s the most enjoyable part of sports: the games are unpredictable.
As long as you win and make some profit, you shouldn’t stress too much.
Advantages and Disadvantages of Prop Bets
Any type of betting has its pros and cons. The cool thing about it is that your team doesn’t even have to win for you to collect the money. You are betting on the individual person and their performance, not the success of a team. If you’ve been following sports data and want to put it in good use, then prop betting is where you can do that.
The main disadvantage of prop betting is that some bets have more than two possible outcomes. Let’s say you’re betting on who scores the first goal in a soccer match. Each player from either team can do that. To make things worse: if the player you betted on gets injured or removed from the game, your bet is ruined.
Homework Is the Key
Before getting started with prop betting, it’s essential to do some homework. Take some time to read up on sports that you love and gather knowledge on it. Without this work, your chances to win become too much dependent on pure luck.
Smart bettors never just hope for a lucky chance. Instead, they try to discover stats and trends to use as evidence of the probability of a certain sports event happening. For example, they know that just because someone is performing well lately doesn’t mean their new results are worth betting on. If the long-time statistics speak against it, an experienced gambler won’t put their money on a wager predicting great results from an average player.
Prop bets make gambling on sports more exciting. You’re not simply interested in the end result of the game. The totals of a specific athlete become the main focus. And this only adds to the thrill of watching sports. So, give it a go. Trust us, it’ll be fun and, hopefully, profitable.
Did our article give you a clear picture of prop betting? What else would you like to know about wagers? Leave a comment below! We’d love to hear from you.
About the Author
Thomas Glare is a real online casino enthusiast with experience in the field for over ten years. His gambling related articles are researched in-depth and always offer readers the latest news on virtual gaming developments. His findings in the area of new casino games, portals, and releases are tremendous and will always provide readers the most relevant information.