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Prop betting gives bettors an exciting new way of placing bets that don’t depend on traditional outcomes like who will win, point spreads or total points scored. These bets tend to offer greater potential profits.
NBA prop bets typically focus on player and team performances while MLB bets tend to focus more heavily on stats, such as pitcher strikeout totals and whether or not batters hit homers.
Over/Under bets
Prop bets, also known as proposition bets, are wagers placed exclusively at sportsbooks that cannot be altered by the outcome of a game and can yield significant payouts. Prop bets differ from traditional bets in that their outcome does not influence payouts and, like standard bets, do not depend on player stats such as how many home runs a player will hit or the number of rebounds their team will secure during a game; their odds may fluctuate according to betting action – if more bettors support one choice over another then oddsmakers may raise amounts – meaning bettors need more money in order to break even and break even or break even with bettors need more money in order to break even on these bets compared with standard bets which depend solely on game outcomes.
Prop bets designed more for entertainment than skill are also popular, including coin tosses and betting on how long it will take the national anthem performer to sing their part of the national anthem. These unique props often pop up ahead of major sports events with more creative wagers than just game totals being offered as odds.
Skilled bettors can still find value in Over/Under lines for regular game props, for instance an Over/Under on how many aces pitcher John Isner will serve in a tennis match can be profitable if you know his stats and trends well enough.
Moneyline bets
Moneyline bets offer an easy and straightforward way to place bets without needing to know the outcome of an event beforehand. While these types of wagers tend to be easier than over/under or totals bets, careful research is still required and selecting wisely – remembering to shop around for competitive prices as the vig charged by sportsbooks will directly impact profits and revenues.
Most sportsbooks will offer game, team and player prop bets for every matchup, with many bets covering various aspects of a matchup – and often providing better odds than betting on how many points a certain player will score or their rushing yards total in a given game. For instance, one could try betting on how many rushing yards will a certain player accumulate during a given matchup instead of betting on his scoring stats alone.
Props fall under two categories, fun or skilled, with most being derivative of main betting markets. Many props feature multiple options and may be difficult to handicap. For instance, betting on how many touchdown passes a player will throw could either go Over or Under, yet their odds vary dramatically due to oddsmakers responding to fluctuating levels of action by changing their lines accordingly.
Parlay bets
A parlay bet combines multiple bets into a single wager referred to as a parlay bet, where each individual bet in it is known as a “leg.” Each leg must win for the entire bet to pay off, making parlays an effective way of increasing winnings but take caution – your parlay could end up costing more than it can afford!
Other than game, team and player prop bets, some sites also provide exotic prop bets that don’t directly relate to game outcomes. These bets can often make games more entertaining while making fans more invested. For example, wagering on whether a Super Bowl player will propose during halftime may not yield many winners, but may give fans something fun and interesting to bet on.
Prop bets can be more challenging to predict than moneyline and totals bets, yet still have their place in sports betting. Injury to players or off-field events may affect prop bet odds – for example a striker injury could push up an over/under game total while an injured kicker might reduce assists over/under totals. Therefore, line shopping when placing prop bets is key.
Future bets
Future bets are a type of prop bet placed on events in the future. These bets typically are offered months or even years prior to an event taking place and sportsbooks use expert analysis and massive amounts of data to predict winners, potentially offering much larger potential payouts on futures bets than standard bets.
Futures bets can add an extra level of excitement and anticipation for any sporting event, from picking who will win a championship to wagers that predict who’ll hit a home run during a specific game. But futures bets are more risky than traditional bets since their payout doesn’t occur until after season end.
Futures bets are becoming increasingly common, such as betting the over/under on a team’s number of wins per season in both major league baseball and professional football, though futures bets can also be placed on various other sports events.
Sportsbooks typically release futures odds for the upcoming season shortly after it concludes, usually the Super Bowl and other championships being the first ones released. Other futures might include odds for winning your division or an over/under on player totals for that season.
