Prop bets, short for proposition bets, are wagers on specific events or outcomes within a game that are not directly related to the final score or outcome. Prop bets can range from player performance to specific game events, and they add an extra layer of excitement and engagement to sports betting. In this guide, we will explain what prop bets are, how to read prop bet odds, and provide examples of prop bets across MLB, NFL, NBA, and NHL.
What is a Prop Bet?
Prop bets are wagers on specific events or occurrences within a game that are not related to the final outcome. These bets can focus on individual player performances, team statistics, or specific in-game events. Prop bets can range from predicting the first player to score a goal to the number of strikeouts a pitcher will record in a baseball game. They offer a wide variety of betting options beyond the traditional money line, point spread, and over/under bets.
How to Read Prop Bet Odds
Prop bet odds are typically displayed in a similar manner to other types of bets, with odds represented as either positive or negative numbers. Positive odds indicate the potential profit on a $100 bet, while negative odds represent the amount needed to wager to win $100. For example, if a player has prop bet odds of +200 to score a touchdown, a $100 bet would return $200 in profit. If another player has odds of -150 to record over 5.5 strikeouts, you would need to bet $150 to win $100 in profit.
Prop Bet Examples Across Major Sports
MLB:
Will Mike Trout hit a home run in tonight’s game?
– Yes: +150
– No: -200
If you bet $100 on Mike Trout hitting a home run and he does, you would win $150 in profit. If he does not hit a home run, you would need to bet $200 to win $100 in profit.
NFL:
Will Patrick Mahomes throw for over 300 yards in the game?
– Yes: -110
– No: -110
If you bet $110 on Patrick Mahomes throwing for over 300 yards and he does, you would win $100 in profit. Similarly, if you bet on the under and he does not reach 300 yards, you would also win $100 in profit.
NBA:
Will LeBron James record a triple-double in tonight’s game?
– Yes: +250
– No: -150
If you bet $100 on LeBron James recording a triple-double and he does, you would win $250 in profit. If he does not achieve a triple-double, you would need to bet $150 to win $100 in profit.
NHL:
Will Connor McDavid score a goal in the first period?
– Yes: +300
– No: -200
If you bet $100 on Connor McDavid scoring a goal in the first period and he does, you would win $300 in profit. If he does not score a goal in the first period, you would need to bet $200 to win $100 in profit.
In conclusion, prop bets offer a fun and diverse range of betting options for sports enthusiasts. By understanding how prop bets work, reading prop bet odds, and making informed selections, you can enhance your sports betting experience and potentially win big on unique and exciting outcomes.