Prop Bets calculation and formula

BY markoh February 28, 2024

Proposition bets, often called prop bets, are specific bets usually centered around an event that doesn’t necessarily affect the game’s final outcome. Below, I’ll outline the basic calculation and formula and provide examples of prop bets.

1. Calculation:

  – Prop bets are typically straightforward to calculate as they involve a yes/no or over/under scenario. The odds are usually presented as a fraction or decimal.

2. Formula:

  – To calculate the potential profit or return on a prop bet, use the following formula:

   *Potential Profit = (Stake x (Decimal Odds – 1))*

3. Examples:

  – Example 1: Coin Toss in a Football Game

    – If the odds for Heads are 2.00 (even odds) and you bet $10 on Heads:

     *Potential Profit = ($10 x (2.00 – 1)) = $10*

     If you win, you will receive a $10 stake back and a $10 profit.

  – Example 2: Total Points Scored Over/Under in a Basketball Game

    – If the over/under for total points scored in a game is set at 200 points with odds of 1.90 for the over and you bet $20 on the over

     *Potential Profit = ($20 x (1.90 – 1)) = $8*

     If the total points scored exceed 200, you will receive your $20 stake back plus an $8 profit.

4. Tips for Betting on Prop Bets:

  – Research the event or statistics related to the prop bet to make an informed decision.

  – Understand the odds and the potential returns to manage your bankroll effectively.

  – Be wary of placing too many prop bets, as they have higher inherent risks than traditional bets on game outcomes.

Remember that prop bets can be a fun way to add excitement to games, but it’s important to gamble responsibly and within your limits.

 

betting & odds

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