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Proposition betting
A prop or proposition bet is a wager with two or
more outcomes that are not directly related to the final score of an event.
One notable characteristic of props is that they are rarely allowed to be
placed in any type of combo bet. Bets such as these are also called exotics.
Most featured props are usually single bets only
For example, a bet on how many yards Peyton
Manning will throw in his next game: less than 100; 101-150; 151-200;
201-250; 251-300 or 300+. There will be posted odds for each outcome.
A common entry in Prop Bets is a Field entry.
This is a catch-all category for any competitor not specifically listed in
the prop, but is competing in the event.
For example, a prop on a PGA event might list
odds for the best 30 players: Tiger Woods 1/1, David Duval 5/1, etc. As PGA
events often have 75 or more competitors, the other 45+ players that do not
have odds posted individually would be listed indirectly as part of the
Field. If any of the players in the Field win, the Field would be declared
the winner for wagering purposes.
Payouts
Payouts for a proposition bet will depend on
the odds given by the house for each bet you have placed. The type of wager,
whether the bet is a moneyline, multiplier, or basic odds, will dictate your
payout accordingly.
To calculate a payout, simply translate the
odds (a moneyline such as -110, -180, +140 etc., or fixed odds such as 3/1)
to a multiplier (the Payoff Price plus one). Take the multiplier and multiply
this by your bet to determine your Payout or Win Amount (Payoff Price plus
your original bet).
Rules
- Player(s)
in a 1 or 2 player prop must enter game for wagers to have action. (e.g.
Head-to-Head Passing Yards.)
- In a prop with 3 or more players, all wagers have
action even if a player does not play for any reason. (e.g. Super Hoops.)
How to Place a Prop Bet
- Choose the Prop event type you want
to bet by clicking on the sport/event type link on the sportsbook schedule.
A list of available Props events will be displayed, along with the odds for
each available competitor in the event.
- Choose the wager you would like by clicking in the
check box next to one of the available competitors then click the "Single"
button above the events, or click directly on the odds. The Enter Bet
Amount screen will be displayed. (You will be asked to login if you have
not already done so.)
- Enter in the desired risk or win amount and click
"Next". The Confirm Bet page will be displayed.
- Confirm you have the correct team and bet amount
then select "Confirm Bet". The Bet Placed page will be displayed.
- Wager has been confirmed and accepted by Bodog. Make
a note of your Wager Reference Number for future reference.
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