What are Prop Bets?
One of the benefits of betting online is having the opportunity to bet on all the latest sporting matches, tournaments and global events. To add to this, punters can also choose from a wide range of bets on every single match or event.
Not only does this make the game more exciting, it also offers big winning opportunities. Some of the most popular sporting bets are prop bets. If you are new to the world of sports betting, you may have heard of the term but are unsure of what it means. We take a look at how prop bets work and how to go about betting online in Australia.
What are Prop Bets?
Prop bets, short for proposition bets are wagers placed on sporting events that have nothing to do with the final outcome. These are also known as exotic bets or simply exotics. There are many different types of prop bets, each pertaining to a particular sport and sometimes a particular match. You may be wondering why prop bets exist in the first place? Say for example, there is rugby match between England and Scotland. A traditional bet would simply involve predicting the winner of the match.
What if you wanted to make the betting a little bit more interesting? This is where prop bets come in. In the same match, there would be a number of exotic or prop bets that punters could choose from. This could be anything from which player will make the most tackles to which team will score the first try. Prop bets open up a massive range of betting opportunities where there was previously only a single result.
A Whole New Way to Bet
Let’s take another example. In this example, we are placing a bet on a tennis match between Rafael Nadal and Roger Federer. Instead of choosing who will win the match, we can place a prop bet on specific results in the match. In tennis, some examples of exotic/prop bets can include: Which player will win the first game or which player will win the first set, second set, or final set. Prop bets can extend as far as the bookmakers can conceive. The same tennis match can include bets on which player will hit the most aces, who will concede the most unforced errors, who will have the highest first serve average and if the match will end on three sets or play to five sets.
Why go Exotic?
In Australia, proposition bets are offered on just about every major sport including cricket, golf, rugby, AFL, NRL, soccer, tennis and basketball. The prop bets themselves are standard fixed odds bets with a predetermined payout. For punters, exotic bets give the game a whole new dimension which makes it more exciting and more rewarding. Placing a winning exotic bet requires a lot more research and knowledge about the teams and the players. If you are new to the sport in question, it is best to stick to basic bets until you have a full understanding of the nuances of the game before placing an exotic bet.