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What Is a Prop Bet?

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Betting Education

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Term
Prop Bet

Quick Summary

A prop bet (short for “proposition bet”) is a wager on a specific event or outcome within a game that doesn’t directly relate to the final result. This guide explains what prop bets are, how to read them, and what types of props appear in most sportsbooks.

What Is a Prop Bet?

Prop bets allow you to wager on in-game events instead of final scores. They can involve:
  • Player performance (e.g., passing yards)
  • Game milestones (e.g., first team to score)
  • Miscellaneous outcomes (e.g., coin toss results)
They appear across most sports and are especially popular during large events like the Super Bowl due to the wide variety of non-traditional betting options available.

Common Types of Prop Bets

1. Player Props

Wagers tied to a specific player’s in-game statistics.
  • Over/Under on points, rebounds, assists
  • Touchdowns, passing yards, or goals scored

2. Team Props

Wagers tied to team-based outcomes.
  • First team to score
  • Total team points
  • Number of corner kicks or penalties

3. Game Props

Bets that relate to the overall game context, without regard to final result.
  • Will the game go to overtime?
  • First scoring play type (e.g., field goal, 3-pointer)
  • Combined score at half
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Example: Game Prop

Celtics vs. Knicks — 1st Half Winner & Over/Under 109.5 Points
You could bet on:
  • Boston Celtics & Over 109.5
  • New York Knicks & Under 109.5
For the first option to win:
  1. The Celtics must lead at halftime
  1. The first-half total must exceed 109.5 points
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Example: Player Prop

Al Horford – Over 1.5 3PT Field Goals (odds: 1.909)
  • Bet wins if Horford makes 2 or more three-pointers
Other options in the same market:
  • Over 7.5 points
  • Over 6.5 rebounds
  • Derrick White Over 1.5 3PT Field Goals

How Prop Bets Work

  • Each prop has specific conditions to win
  • Combo props require both conditions to be met (e.g., team win + points total)
  • Odds reflect the implied probability of success

FAQs

What does “prop” mean?
“Prop” is short for “proposition,” referring to bets on proposed outcomes within the game.
Where can I place a prop bet?
Most legal sportsbooks offer them: Pinnacle, BetMGM, DraftKings, FanDuel, etc.
What’s the difference between props and futures?
Props resolve in a single game. Futures resolve over weeks or months (e.g., MVP, championship winner).
Do prop bets include overtime?
It depends. Always check bet terms. Player stats often include OT; team totals may not.
Can I parlay prop bets?
Sometimes. Some sportsbooks limit same-game parlays with props due to correlation.
What happens if a player doesn’t play?
Usually the bet is void. However, if the player appears in the game—even briefly—the bet may stand.
Are prop bets beginner-friendly?
Yes. Many are simple Over/Under bets, especially player props.
How are prop bet lines set?
Books use stats, matchups, and models. Odds shift based on betting volume and news updates.
Can I cash out a prop bet early?
In some sportsbooks, yes. Cash out may be offered if the bet is still live and not yet settled.
Are prop bets riskier than standard bets?
They can be, due to narrower outcomes and lower limits. But they also allow more targeted decision-making.

Learn More

For deeper breakdowns of how betting markets operate—including spreads, totals, and odds movement—visit The Advantage, your trusted resource for sports betting education.