And Propositions
AND PROPOSITIONS
Propositions
Props, or proposition wagers are based on the outcome of a possible event.
Example
| Celebrity and Non-sporting Event | ||||||||||||
| Next 3 months Dow Jones indes drop below 10,000? | 9/9/2006 00:01AM | |||||||||||
| In the next 3 months, will the Dow Jones Index drop below 10,000 on a closing level? | ||||||||||||
| 9227 | Yes | +500 | ||||||||||
At +500, if you bet "Yes" for $100, you are betting that by the closing date of the prop (9/9/06), the Dow Index will indeed drop below 10,000. At 5 to 1, if you are right, your $100 will win you $500.
Futures:
Future wagers are based far in advance on the outcome of an event. The main advantage of futures is that you can get appealing odds by betting when oddsmakers first release them or well before an event is decided. For example, placing a Future wager on the Kentucky Derby a month ahead of time can get you a much better price on a horse than betting much closer to the race when the contenders are revealed for all to see.
Example
| Futures | ||||||||||||
| Will the Steelers win Super Bowl XL? | 2/05/2006 | |||||||||||
| Will the Pittsburgh Steelers win the SuperBowl in 2006? | ||||||||||||
| 20526 | Yes | +900 | ||||||||||
Rules for prop bets
• Props or futures cannot be parlayed or placed on If bets.
• Props or futures are for straight bets only.
• In case you take a future you must wait until the entire competition is over. For example, if you take the Colts to win over 10.5 games of regular season and on the first eleven games, they win you would still have to wait until the season is over to get paid.