Proposition bet: Difference between revisions
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added a new section about the prop betting ban happening over the last few months in college sports. |
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{{Short description|Bet on an event not directly affecting a game's final outcome}} |
{{Short description|Bet on an event not directly affecting a game's final outcome}} |
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{{Refimprove|date=August 2011}} |
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In [[gambling]], a "'''proposition bet'''" ('''prop bet''', '''prop''', '''novelty''', or a '''side bet''') is a bet made regarding the occurrence or non-occurrence during a game (usually a gambling game) of an event not directly affecting the game's final outcome. |
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In gambling, bloquiarvy remober |
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Proposition bets in sports are differentiated from the general bets for or against a particular team or regarding the total number of points scored. Traditionally, proposition bets can be made on outcomes such as the number of strikeouts a [[pitcher]] will accumulate in a [[baseball]] game, whether a non-[[American football positions#Offense|offensive]] player will score in an [[American football]] game, which team will score the first points of the game,<ref>{{cite web| url=http://www.sportsbettingpal.com/intro-to-proposition-and-matched-betting/ | title=An Introduction to Proposition and Matched Betting |publisher=SB Pal |accessdate=10 November 2013}}</ref> the discipline record of teams in a match, the timing of certain events, the number of specific events per team or in the entire match, realistically any statistically discrete event contained in a match or game could be bet on. |
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Fixing part of a match for a certain result in a proposition bet is called [[spot-fixing]]. |
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== Examples == |
== Examples == |
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:*The specific face value of one or more individual dice in [[craps]] |
:*The specific face value of one or more individual dice in [[craps]] |
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:*Which cards will make up the [[Flop (poker)|flop]] in a hand of [[poker]] |
:*Which cards will make up the [[Flop (poker)|flop]] in a hand of [[poker]] |
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:*Which cards are dealt in [[blackjack]] |
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:*Which cards are dealt in [[blackjack]]: Over 35 different blackjack side bets are widely recognized in casinos. On some bets, such as the "Lucky Ladies" side bet that wins only if the first two cards dealt to a player equal 20.<ref>{{cite web|url=http://wizardofodds.com/blackjack/appendix8.html |title=Blackjack Side Bets |work=WizardofOdds.com |accessdate=2010-08-20}}</ref> These bets are rarely favoured by experienced gamblers as the house edge on them typically exceeds the edge in a normal game. For example, the "Super 7s" side bet in blackjack has a house edge of 12.6%,<ref>{{cite web|url=http://wizardofodds.com/games/blackjack/appendix/8/#supersevens |title=Blackjack Side Bets - Super Sevens |work=WizardofOdds.com |accessdate=2013-08-29}}</ref> while blackjack itself has a house edge of around 1% if the player follows [[basic strategy]]. There are side bets however that have very low house advantages such as "The 18 Bet" at the Eureka Casino in [[Mesquite, Nevada|Mesquite]] which is almost under 2%. |
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:*Specific aspects of the pageantry surrounding a sporting event |
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:*Specific aspects of the pageantry surrounding a sporting event, such as ''a'') the duration of the word "brave" in the pregame performance of the [[The Star-Spangled Banner|U.S. national anthem]] or ''b'') the colour of the [[Gatorade]] or other [[sports drink]] dumped on the winning team's coach in the traditional practical joke and victory ritual known as a [[Gatorade shower]] |
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Some jurisdictions do not allow casinos to offer any type of non-sport related proposition bets, |
Some jurisdictions do not allow casinos to offer any type of non-sport related proposition bets, but these kinds of prop bets can often be found online.{{cn|date=April 2024}} |
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==Dare for money== |
==Dare for money== |
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Less commonly, "proposition bet" (in this context also "one-of-a-kind bet") denotes a dare for money. The bet is on whether the "dared" person will make a given event happen. If the "dared" person accepts the bet, they will collect if they succeed or pay if they fail. |
Less commonly, "proposition bet" (in this context also "one-of-a-kind bet") denotes a dare for money. The bet is on whether the "dared" person will make a given event happen. If the "dared" person accepts the bet, they will collect if they succeed or pay if they fail. |
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For an example detailed in the book ''[[The Professor, the Banker, and the Suicide King]]'', [[David Grey]] once bet [[Howard Lederer]], a professional poker player who became [[vegetarian]] following [[gastric bypass surgery]], $10,000 |
For an example detailed in the book ''[[The Professor, the Banker, and the Suicide King]]'', [[David Grey]] once bet [[Howard Lederer]], a professional poker player who became [[vegetarian]] following [[gastric bypass surgery]], $10,000 for Lederer to eat an offered [[cheeseburger]]. Lederer accepted the wager, ate the cheeseburger, and won the bet. |
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==Spot fixing== |
==Spot fixing== |
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The fact that these minor events often contribute a minor or non-existent impact on the score or result of a game makes recruiting players for spot fixing an easier attraction than attempting to fix an entire match that may consist of dozens of players. |
The fact that these minor events often contribute a minor or non-existent impact on the score or result of a game makes recruiting players for spot fixing an easier attraction than attempting to fix an entire match that may consist of dozens of players. |
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==Props On College Athletes== |
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While [[sports betting]] wagers often involve player prop bets, sportsbooks have taken a step back in their offerings. Due to past scandals, [[National Collegiate Athletic Association|NCAA]] president [[Charlie Baker]] called for a ban on prop bets in college sports in early 2024.<ref>{{Cite news |last=Ubben |first=David |title=Charlie Baker wants prop bets banned in college sports |url=https://www.nytimes.com/athletic/5372615/2024/03/27/ncaa-president-charlie-baker-prop-betting/ |access-date=2024-08-23 |work=The New York Times |language=en-US |issn=0362-4331}}</ref>Some states followed suit and adjusted their laws while other states did not change any regulations. Stating "[we have an] obligation to protect the safety and the integrity of college athletes and college athletics as a whole", the chairman of the Louisiana Gaming Control Board, [[Ronnie Johns (politician)|Ronnie Johns]], was quick to abide by the request.<ref>{{Cite web |title=Why did Louisiana ban prop betting? Gaming chairman explains |url=https://www.ktalnews.com/news/why-did-louisiana-ban-prop-betting-gaming-chairman-explains/}}</ref> The proposition bet ban on college athletes ranges from state to state in many ways: no bets on players from local universities, no college prop bets at all, no futures wagers on awards, etc.<ref>{{Cite web |date=2024-07-26 |title=States With College Football Props {{!}} What States Have CFB Props |url=http://www.collegefootballprops.com/states/ |access-date=2024-08-23 |language=en-US}}</ref> |
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==References== |
==References== |
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Revision as of 13:44, 23 August 2024
 | This article needs additional citations for verification. (August 2011) |
In gambling, a "proposition bet" (prop bet, prop, novelty, or a side bet) is a bet made regarding the occurrence or non-occurrence during a game (usually a gambling game) of an event not directly affecting the game's final outcome.
Proposition bets in sports are differentiated from the general bets for or against a particular team or regarding the total number of points scored. Traditionally, proposition bets can be made on outcomes such as the number of strikeouts a pitcher will accumulate in a baseball game, whether a non-offensive player will score in an American football game, which team will score the first points of the game,[1] the discipline record of teams in a match, the timing of certain events, the number of specific events per team or in the entire match, realistically any statistically discrete event contained in a match or game could be bet on.
Fixing part of a match for a certain result in a proposition bet is called spot-fixing.
Examples
There are a wide range of events or outcomes commonly bet on, including:
- Which specific sub-outcomes occur during a game in which multiple sub-outcomes normally have the same value, for example:
- The number of balls/strikes thrown by a baseball pitcher
- Which team scores first in a match
- The specific face value of one or more individual dice in craps
- Which cards will make up the flop in a hand of poker
- Which cards are dealt in blackjack
- Specific aspects of the pageantry surrounding a sporting event
Some jurisdictions do not allow casinos to offer any type of non-sport related proposition bets, but these kinds of prop bets can often be found online.[citation needed]
Dare for money
Less commonly, "proposition bet" (in this context also "one-of-a-kind bet") denotes a dare for money. The bet is on whether the "dared" person will make a given event happen. If the "dared" person accepts the bet, they will collect if they succeed or pay if they fail.
For an example detailed in the book The Professor, the Banker, and the Suicide King, David Grey once bet Howard Lederer, a professional poker player who became vegetarian following gastric bypass surgery, $10,000 for Lederer to eat an offered cheeseburger. Lederer accepted the wager, ate the cheeseburger, and won the bet.
Spot fixing
Spot-fixing is an illegal activity where a person involved in the game takes steps to ensure a certain result for a proposition bet. Instead of fixing an entire match, or shaving points, spot fixing can be done with as little as one player, and can involve ensuring a certain outcome on only a single play, and may be completely unrelated to the points/results in a game.
Examples include Matt Le Tissier attempting to fix the time of a throw-in by kicking it out immediately after the game started,[2] or Ryan Tandy attempting to fix the first point scored method in a rugby league game, failing after the opposition decided against kicking a penalty goal and instead scored a try.[3] Multiple cricket players on teams at all levels of the sport have also attempted to fix events, such as the number of wides or no-balls in an over or the number of runs scored.
The fact that these minor events often contribute a minor or non-existent impact on the score or result of a game makes recruiting players for spot fixing an easier attraction than attempting to fix an entire match that may consist of dozens of players.
Props On College Athletes
While sports betting wagers often involve player prop bets, sportsbooks have taken a step back in their offerings. Due to past scandals, NCAA president Charlie Baker called for a ban on prop bets in college sports in early 2024.[4]Some states followed suit and adjusted their laws while other states did not change any regulations. Stating "[we have an] obligation to protect the safety and the integrity of college athletes and college athletics as a whole", the chairman of the Louisiana Gaming Control Board, Ronnie Johns, was quick to abide by the request.[5] The proposition bet ban on college athletes ranges from state to state in many ways: no bets on players from local universities, no college prop bets at all, no futures wagers on awards, etc.[6]
References
- ^ "An Introduction to Proposition and Matched Betting". SB Pal. Retrieved 10 November 2013.
- ^ "Le Tissier in failed betting scam". BBC Sport. 3 September 2009. Retrieved 2 June 2010.
- ^ "Tandy guilty in NRL fixing scam". ABC News (Australian Broadcasting Corporation). Abc.net.au. 6 October 2011. Retrieved 28 April 2014.
- ^ Ubben, David. "Charlie Baker wants prop bets banned in college sports". The New York Times. ISSN 0362-4331. Retrieved 23 August 2024.
- ^ "Why did Louisiana ban prop betting? Gaming chairman explains".
- ^ "States With College Football Props | What States Have CFB Props". 26 July 2024. Retrieved 23 August 2024.
External links