These prop odds can be set around spreads/handicaps, moneylines, Over/Under totals, or can be wagered on in a Yes/No format. Game props are decided by events and happenings throughout a game. Prop bets come in all shapes and sizes, but these are the most common variations found at most sportsbooks. Prop wagers used to be viewed as “sucker bets” in the past but with the popularity of fantasy sports and advancements in analytics, prop betting generates a growing handle every year and is a market many sharp gamblers look to for variance and value. That demand eventually bled beyond the Big Game and, with the emergence of online sportsbooks, multiple prop markets are now available for regular-season contests in just about every sport. The unique nature and excitement of those alternative markets quickly gained popularity and prop bets became a staple of Super Bowl betting. Proposition bets first popped up for Super Bowl XX in 1986, when Las Vegas oddsmakers took bets on whether Chicago’s famed defensive tackle-turned-short yardage running back William “The Refrigerator” Perry would score a touchdown.

What is a prop bet?Ī prop bet allows you to wager beyond the standard full-game odds and bet on different aspects of a game or event. Prop bets focus on segmented parts of a game, such as individual team or player performances as well as external occurrences and happenings during an event.

Prop bets – also known as proposition bets – are betting markets beyond the standard spreads, moneylines, and totals.

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