What is Prop Betting in Sports? Prop Betting Odds, Tips & Strategies
Proposition betting is an extremely popular way to bet on sports at Stake.com. But what exactly is prop betting, and how does it work for different sports? Find out what you need to know about this online sports betting type before placing your first wager at Stake Online Sportsbook!
What is Prop Betting?
A proposition bet (prop bet for short) is a wager you can place on a sporting fixture or event that isn’t directly tied to the outcome. You can place prop bets on the game itself, either team or the individual players themselves.
Examples include the next player to score or the team to win a specific half or quarter. Let’s look at the wide range of prop markets and types of bets available on a variety of sports at Stake.com.
Types of Prop Bets
From game props to novelty props, there are different types of proposition bets that you can place on your favourite teams, sports, and players:
A game prop is a wager based on the game itself, not necessarily tied to the teams or players. An example of a game prop bet is whether a hockey match will go to overtime or if a playoff round will decide a golf tournament.
Team proposition bets are concerned with the performance of one of the teams in a specific fixture. So, for instance, you could bet on which team will score first or last in a match, which is a common team prop bet in various major sports.
Player prop bets are wagers on instances to occur to a specific player. For example, you could name a player as an anytime goal scorer in a soccer match or someone to score a touchdown in the first quarter of an NFL match.
Exotic prop bets – commonly known as novelty prop bets – are opportunities to bet on slightly obscure occurrences at a sporting event. For example, you can bet on things like the coin toss and how long the national anthem will be.
How do Prop Bets Work for Different Sports?
Fundamentally, prop bets work the same in all major sports – they allow you to bet on an occurrence that isn’t directly tied to the final result. Whether you're an NBA fan, or into NFL, there are plenty of props available to bet on!
Here are some examples of prop bets in popular sports that you can bet on at Stake.com:
American football games and NFL matches are perfect for proposition betting as there are so many different wagers you can place at Stake.com, such as pass/rushing/receiving yards for particular players. Some specific examples may include:
Josh Jacobs over/under 110.5 rushing yards
Joe Burrow over/under 220.5 passing yards
Cincinnati Bengals three or more touchdown scorers
Packers vs Giants – Field goal to be scored in the first quarter
Baseball – MLB prop bets
Major League Baseball (MLB) is one of the most popular leagues at Stake.com for sports bets, and the baseball proposition wagers that you can place include:
Pete Alonso to hit a home run
New York Yankees over/under three runs
Spencer Strider over/under 6.5 strike-outs
Hockey prop bets
Whether you’re betting on the regular season or the post-season playoffs, the NHL is a rich betting market for team and player props. Some examples include:
Auston Matthews first goalscorer
Jason Robertson +2 goals
Sam Bennett over/under 2.5 shots on goal
Soccer prop bets
Soccer is another popular sport with sports fans at Stake, with many leagues and knock-out tournaments occurring throughout the year. Popular soccer props are as follows:
Kylian Mbappe, anytime goalscorer
Granit Xhaka to receive a red card
Newcastle United to score +3 goals
Golf prop bets
Although golf is a sport for individuals and not teams, there are still several proposition bet markets available for you to bet on a single player, including:
Will any player score a hole-in-one?
Tiger Woods to shoot 70 or less at Augusta National
Justin Speith to birdie the next hole
How to Make a Prop Bet
Placing a proposition bet at Stake.com is easy. Here are the steps you can follow:
Add cryptocurrency to your account to get started. Check the different ways to deposit and withdraw crypto at Stake.com here.
Do your research into the sport and specific fixture that you’re going to bet on.
Browse through the available prop betting markets available.
Decide on your bet amount and place your wager.
You can also place multiple prop bets on the single betting slip. This is known as parlay betting and will increase your potential winnings!
How Do You Win at Prop Betting? Proposition Betting Strategies
To improve your chances of winning, it’s helpful to develop a proposition betting strategy to help you. Check out our elite sporting tips to consider below when betting props that can help you to boost your winning chances:
Always do your research. Prop betting is an opportunity to take advantage of statistics, so always check the stats of a team or player before backing them in a prop bet.
Bet with your head and not your heart. While it can be tempting to bet on the team you support, it’s always better to consider which team is most likely to win, as opposed to the one you prefer!
Stay up to date with sports betting bonuses. Make the most of the latest promotions and offers at Stake.com to boost your bankroll when placing proposition bets.
Educate yourself with our sports betting guides. Read our helpful sports betting guides for tips and insights before placing your chosen proposition bets. For other sports betting tips, read our guides on the moneyline, Asian totals, and handicap betting so you can learn the differences, and learn how to use a combination of them to make winning selections.
What are the Benefits of Prop Betting?
The main benefit of proposition betting is using statistics before placing your bets. This is because props are concerned with events and occurrences during the match, not the final result alone.
This means sports bettors can research to bet on things like how many goals will be scored (and who will score them) to potentially win more money when betting on your favourite sports.
How & When are Prop Bets Paid Out? Proposition Betting Odds & Payouts
When you place a proposition bet at Stake.com, you receive a payout if you make the correct prediction. This is the same with all sports bets that you place. When placing your bets, make sure you take notice of the prop odds, especially as they can change as the game approaches or has begun.
As a crypto-only sportsbook, we process withdrawals instantly, meaning you don’t have to wait for an eternity to receive any winnings.
Live Proposition Betting
While it makes sense to research and place proposition bets before the action gets underway, you can also place a range of live prop bets while watching live sports. Examples include things like the next goal scorer or the next yellow/red card in soccer, or the next interception in American football.
Live proposition betting adds excitement to your betting slip and is a great way to stay motivated when your team isn’t playing.
How to Deposit and Withdraw Funds to Bet on Sports
Easily deposit crypto units into your account in order to place prop bets and other sports wagers by following the steps listed below:
Step 1 - Retrieve your deposit address, located in Wallet > Deposit.
Step 2 - Choose the method that suits your needs. Stake.com supports multiple currencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (Doge), Litecoin (LTC), and others.
Step 3 - Use your deposit address as the ‘send to’ location for your crypto wallet or exchange.
Step 4 (Optional) - If you wish to make a deposit via fiat currency, you can buy crypto for Stake via Moonpay.
Stake.com offers live support to players via our customer support staff for help with issues regarding sports betting and depositing and withdrawing units.
Moonpay supports multiple payment options, including Visa, Mastercard, Apple Pay, Google Pay, and others, to buy cryptocurrency to place props and other sports wagers. For a full list of supported payment methods, please refer to the Moonpay documentation.
Final Things to Consider: Sports Betting Rules, Regulations & Security
Stake.com is a licensed and trusted online cryptocurrency sportsbook. Before placing your bets, please read our terms and conditions and acknowledge our anti-money laundering policy.