Since our company is named “PROP” we sometimes take for granted the definition of the word. PROP is short for proposition – and refers to both players and bets.
PROP players, are ‘professionals’ who are paid by the house to sit and play a game. They play with their own money, but are compensated with an hourly wage to sit in and play.
PROP bets, are all the crazy sidebets and games that can go on in the gambling world.
As a general rule, if you can think of something, you can bet on it. There can be a ‘line’ created for just about any scenario – sports related or not. You can bet on the length of the national anthem, the outcome of the coin toss, or even whether or not Janet Jackson will have another wardrobe malfunction. Bets can be fun, weird, hilarious, embarrassing, challenging, nerve racking, and impossible. They’ll always put a smile on at least one persons face (generally the winner of the ridiculousness).
Often, the highest stakes poker games in the world have a constant running side prop game. The game can get complicated, and it is the players responsibility to call their prop – if they ‘sleep’ a prop – they get whatever was decided as the predetermined penalty. For example, Phil Ivey and Daniel Negreanu are playing heads up – Phil has ‘red’ and Daniel has ‘black’ for the flop. So if the flop comes out majority black, then Daniel would win the point. The value of the points vary from a few bucks to several thousand. You can also pick sets of numbers (or suits or str8s), and can get multiple bonuses when more than one number hits, or if say you pick ‘5’s’ and three 5’s hit the flop.
Why do people play props? For fun. To make money. And because it creates more action. Sometimes poker can be boring and straightforward – this ensures that every flop has some dollars riding on it.
So next time your feeling a little bored, challenge your buddy to a foot race or a milk chugging contest to spice things up. You’ll have fun, and maybe even win a little money.
Common sports betting terminology:
Tease – lets you move or ‘tease’ the line in your favor – so if the Bears are -4 and the Chiefs are +7 don’t look attractive, combine 2-15 picks and ‘tease’ the lines by as many points as you need. Think of it as diversifying your bet a little.
Pleasers – lets say you have a lock on a game, and the line seems overly generous – well you can give back points against the line, in return for a greater payout – let the buyer beware, but hey if your sitting in the locker room with some inside knowledge, go for it.
Live Betting – allows you to bet on sports action as the game is progressing, the line will constantly change throughout the game, so you can keep the excitement going even during the 20 point blow outs.
Quarters – you can bet on game results for first halves, halftimes, and quarters. You team is a second quarter team? Put your money where your mouth is.
Now that you have all this betting knowledge, you are ready to go take on the lines! Just remember, that people spending a lot more time researching this stuff are making the lines…they’re generally pretty good. But whether you bet to make a living, or bet for fun, there is always money to be made. GL!