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Proposition bets

By: JAR
10/02/2011

As I mentioned in previous articles, there are a lot of betting types that players can adopt depending on the sport in which they want to bet, and depending on their different needs.In this article we will talk about the Proposition bets.

What is a proposition bet? in gambling terms we can describe a propositional bet as a bet made on an outcome or a proposition. In general, these kind of bets are also called side bets prop bets, prop, or exotic bets.

These bets are really interesting and can be applied in many different areas, I mean, you can bet on almost everything with a prop bet. They are mainly used in casinos (side bets), Some experienced players are not interested on side bets because they say with them the house edge will be higher than with a simple casino bet. For example:

On games like Black Jack and craps the house edge far exceeds the player's edge on the normal game. A clear example of this can be found if you play and bet in blackjack on the 7's side bet, because blackjack has a house edge of 12.6%, while blackjack itself has a house edge of less than 1%. In case that the player uses a basic strategy, you can see it.

In case that you play craps, it is important to consider, the prop bets also give casino a good advantage over the player in long term, therefore, even if there are promises of good pay not get paid true odds (the bets you can make, depends on a score that can be drawn given rarely.)

It's important to take in consideration that most of the times we make bets' choices based on assumptions and previous decisions we have made and this affect our judge, for good or bad.

In this cases, when we are (in many cases) betting on the side bets thus increase commitment to the main bet.

A player must have the perfect knowledge when make side bets that these wagers depends entirely of the main bet, so side bets, even without knowing it

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