If you’re the type who likes having lots of options, then prop betting could quickly become your thing. For many of the games on the sports betting menu, you’ll find dozens of props available — from player accomplishments like how many strikeouts a pitcher will get to team milestones like total rushing yards.
For those new to sports betting, there’s a strong correlation between daily fantasy sports and props. If you’ve found success in projecting various situations in the past, then there’s a good chance you’ll hit the right notes here, too. For those without fantasy experience, that’s perfectly fine, as props let you focus on specifics as you tackle the learning curve.
So how do you know if prop betting is for you? What are the best sports for prop betting? We have the answers to those questions and more in our guide to prop betting in New York, as well as some actionable tips you can implement right away.
Sportsbooks offer a variety of proposition bets on a daily basis, so it can be challenging to find exactly what you’re looking for. We’ve made it much easier. Our prop betting search tool can help you sift through the market in an instant. For example, you can find all of the current offerings for a particular team or player with ease.
Once you put in your term and hit search, the top options from legal and safe online sportsbook apps will be right there for you front and center. See something you like? Just click on the odds for that wager, and you can sign up for an account. You’ll even be eligible for any sign-up offers by doing so. Check out the tool below and see what it can do.
Check back for the prop betting tool closer to NFL season.
Prop bets first started gaining prominence because of the Super Bowl. While the game itself was enough of an attraction, sportsbooks were looking for ways to enhance the action beyond just the outcome of the game. Enter prop bets.
A prop bet is akin to a side bet on a game or event. As opposed to caring about the entire outcome, the bet is based on a smaller snippet. Props can fall into a few categories:
Prop bets are available at all the leading sportsbooks. It’s a standard option that you can find by clicking on the main game listing, typically in a spot that’s labeled “more wagers” or something similar. As a general rule, the more popular the sport or game, the more props you’ll see available. That said, you’ll generally see dozens of options for the contests you’re interested in betting on.
How much can you make betting on props? As with every other type of wager, it depends on the odds attached to your selection. Additionally, there are props with just two choices, and others with multiple possible selections. Let’s run through the math on both, starting with this NBA prop.
This prop is set up just like a regular totals wager. Oddsmakers have set the bar with an estimated number — 31.5 points — and bettors will then weigh in with their call on the over or under. Both choices have odds attached.
The potential return depends on the direction of the odds. For negative odds, the number is what you would have to bet to get back $100. In this case, it’s $108 for $100 on the over and $114 for $100 on the under. If either of the numbers is positive, that’s how much you could get back on a winning $100 bet — i.e., $105 at odds of +105.
On the multiple-choice front, let’s consider this example from an NHL game. There are odds for which player will score the first goal. Odds for the top favorites might look like this:
If you make the right call, your payout will be based on the odds for your wager. For example, if you choose Lee at +1300 and place $20 on it, you’re looking at a potential payout of $280. As always, you should never base bets on the potential return alone, but it’s quite the nice payout and a good part of the appeal for certain prop bets.
Props have grown in popularity through the years, and so have the available options. You’ll find bets on teams, individual players and various game circumstances, with some variation depending on the sport.
Props have grown to be incredibly popular for full NFL slates and the standalone primetime games.
The high-scoring nature of NBA games translates very well into the world of props.
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As a sport that’s very stats-centric, MLB also aligns well with prop betting. You’ll see team, player and game props.
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Over in the NHL, you’ll find the usual suspects like player and team performance, as well as options around the game as a whole.
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Offerings of props for college sports aren’t quite as abundant as what you’ll find in the pros, but there’s still a good assortment.
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It’s a similar story to college football: Props are available for NCAA basketball betting, but the bench doesn’t run quite as deep as it does in the pro game.
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As PGA events draw near, oddsmakers will put together select props for the tournament as a whole and individual rounds.
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Tennis is similar to golf in that there will be some props for an entire event, but many more will be available on the individual matchups during it.
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Some of the most popular bets when a NASCAR race rolls around are on the prop side.
While much of the chatter on a UFC fight night revolves around who will win, you can also go much deeper than that with a range of props.
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You can choose from dozens of soccer leagues across the globe during the average week, and a whole host of props for each game on the docket.
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As with most developments in the world of sports betting, we can trace the origins of props back to Sin City. It all started with the biggest annual betting event, the Super Bowl. The popular Westgate, which was then known as the Las Vegas Hilton, unveiled a number of props for the big game. Let’s just say that it was a winning idea.
Interest in betting on Super Bowl props has exploded through the years. These days, hundreds of options are available when the game rolls around. While many of them revolve around the usual suspects like player performance or team accomplishments, there also are a number that are aimed toward the casual fan.
You won’t be lacking for options on Super Bowl Sunday. Props are released well in advance of game time, so you’ll have plenty of time to sort through all of the options.
Props can fit into an overall wagering strategy for all bettors, from those new to the game up to seasoned handicappers. Many folks who have experience with daily fantasy sports have used props as a starting point. Here are just a few of the benefits of prop betting.
Overall, there’s no one sport that’s above and beyond the rest, so it really comes down to your interest level. If you’re a huge NBA fan who doesn’t know a thing about the NFL, stay in your wheelhouse and focus on hoops. Generally, the more popular the sport is, the more choices you’ll have for props.
That means you’ll find the most with the NFL and NBA, followed by a solid assortment for MLB, NHL and soccer. College sports will have a decent array, as will the major individual sports like golf, tennis, NASCAR and UFC. The best approach is to begin with what you know and then look to branch out once your skill level increases.
Live betting has been a huge growth area for sportsbook apps. Often referred to as in game betting, it allows you to wager along in real time as games and events play out. You’ll find updated odds on the outcome based on the current state of affairs, but there’s much more to see.
Props are a big part of the live betting experience. You’ll see similar offerings to what you’ll find in advance of the game, as well as new ones based on how things are playing out.
Apps are a great way to stay on top of the live betting market. When games get underway, you’ll find a dedicated section for current offerings. From there, just glance at the app as the contest plays out and keep an eye out for props you like.
When a game looks to be well in hand, some operators will offer an early payout option for winning bettors to consider. Many will do the same thing with props. When the result appears to be a certainty, books offer a portion of what you would see if you were to hold out until the end.
As an example, let’s say that you have a bet on Daniel Jones’ passing yards. You chose over 280.5. At the end of the third quarter of a tight game, he’s sitting at 252 passing yards. Your total return on a winning bet would be $100 if it comes to fruition, but the book may attempt to mitigate the damage by offering you $75 for an early payout. As the game plays out, keep an eye on your open wagers for potential payout options.
While there’s a lot to love about prop betting, any discussion of the topic would be incomplete without a look at the potential downside. There’s no one single thing that makes props an automatic no, but there are some possible pitfalls to be aware of.
All legal and regulated sportsbooks have house rules for you to follow. The rules cover what happens with bet placement, how the sportsbook settles wagers and various other circumstances. For props, here are some of the main points to keep in mind.
While those are solid general guidelines, you should still take the time to review the rules at the books where you play. There may be differences here and there to be aware of. Many books have a dedicated section for house rules, while others include them in the FAQ or help sections.