All You Need to Know about: Prop Betting
Tired of just picking the winner in sports betting? Prop betting lets you wager on specific in-game events, adding excitement beyond the final score. If you're new to prop bets, there's a bit to learn, but the potential rewards are worth it! How do prop bets work, and what's the best strategy? How can you boost your chances of winning? We've compiled everything Kiwi punters need to know about prop betting right here. We've also scouted out the top prop betting sites available to New Zealand players. So, let's dive in and explore the world of prop bets!
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Prop Bets Explained for Kiwi Bettors
Prop Betting, also known as Proposition Betting, adds an extra layer of excitement to sports wagering for players in New Zealand. Instead of betting on the final outcome, Prop Bets allow you to wager on specific events happening within a game. This makes them super popular because sportsbooks often let you combine multiple prop bets, potentially leading to bigger wins and much larger payouts than you'd find with standard sports betting.
How to Know if a Betting Provider is Trustworthy
Your experience with online betting largely depends on the sportsbooks you choose. Selecting trusted sites for Prop Bets is crucial for New Zealanders to minimise risk and ensure a positive online gambling experience. If you don't use a reputable site, you could be scammed, face delays in payouts, or encounter unfair terms and conditions. Thankfully, most online sports betting sites are safe. Here are the features to look for on a sportsbook site to help you determine if it's legitimate and trustworthy:
- Licensed by reputable authorities like the Malta Gaming Authority, UK Gambling Commission, or the Swedish Gambling Authority.
- Carries quality seals of approval from organisations like Certified Fair Gambling and eCOGRA.
- Adheres to strict regulations set by governmental bodies.
- Uses website security certificates, such as SSL encryption, to protect your data.
Understanding Prop Betting Odds
Prop bet odds are similar tothe betting oddsfound on other sports bets. Your chosen New Zealand sportsbook will typically display your prop bet odds in Fractional, Decimal, or American formats. There are many kinds of Prop Bets available, opening up possibilities for some very intriguing and unconventional wagers. However, Prop Bets can generally be narrowed down into three main categories: Game Props, Player Props, and Novelty Props. Let's dive into each of these types:
Game Props
Game props focus on events within the game that are tied to team performances. This could be as simple as predicting which rugby team will score the first try or which cricket team will hit the first boundary. These props often involve over/under scenarios, moneyline elements, or simple 'yes' or 'no' outcomes.
Player Props
Player props are straightforward. This type of bet is based on a specific player's individual performance, statistics, or outcome. It could range from how many goals a star striker will score to the number of assists a netball player will achieve. Most of the time, player props involve an over-and-under total.
Novelty Props
Novelty props are often seen during major sporting events, like the Rugby World Cup final, and are known for being the most unique types of proposition bets. These prop bets often have little to do with the game's actual result. Instead, they focus on quirky moments, such as coin tosses, pre-game entertainment, or even the colour of confetti that falls. A classic example is predicting the winner of the 'x factor' before a major sporting event. However, most sportsbooks typically have lower betting limits on novelty props compared to other types.
Other Prop Betting Options
Team Props
Team props are quite similar to game props, but their focus is on a single team's performance rather than both. An example of a team prop could bepicking a teamto lead at halftime during a major rugby match.
How to Place Prop Bets Online in NZ
- Log in to your online sportsbook account.
- Navigate to the 'Prop Bets' or relevant category from the menu. This might be under specific sports like rugby, cricket, or general sports.
- When you're ready to bet, research your options thoroughly. Choose a wager you understand well or have researched extensively.
- Take the time to do your homework. Research every aspect of your potential prop bet to make the most informed choices.
- Limit your wagers. If you're considering multiple bets, carefully assess your options to select the best ones.
- Add your chosen bet to your betting slip. Most sites require you to add a bet to your slip before you can finalize it, though some allow immediate wager placement.
- Next, decide on your wagering amount.
- Finally, submit your bet!
Unique Features of Top Prop Betting Platforms
Just as there are many sports and players to choose from, there are also numerous popular online betting sites with unique offerings for New Zealand players. Here are some of the special features you might find:
Bonuses and Promotions
The bonus offers on popular Prop Betting software are often less restrictive and come with fewer terms and conditions compared to some other online sportsbooks. These sites may also offer bonuses more frequently, giving Kiwi bettors more value.
Better layout
Popular Prop Betting sportsbooks have more modern layouts and are easier to navigate. They may contain the latest technology - making the user experience much more enjoyable.
Wide variety
Popular Prop Betting software often has more of a variety of sports and additional events on which bettors can place their bets.
How to Pick the Best Online Prop Bet Site
As previously mentioned, a bettor's experience will depend on their choice of an online sportsbook. Selecting the best online Prop Bets sites is critical to ensure players minimize risk and have a positive experience while gambling. Here are six key things to look out for when making your selection:
Bonuses
You want to ensure that the Prop Bet site you select has the best bonus offers. The type and number of bonuses differ from one sports betting casino to the next.
UX Experience
Bettors want to ensure that their chosen Prop Bet site has modern layouts, the latest technology available and is easy to navigate. This will make the user's experience more positive and enjoyable.
Wide Variety
More sports to bet on means more fun! You want to look out for online Prop Bets sites that offer a wide variety of sports and additional events on which bettors can place their bets.
Licensed By Trusted Body
You want to ensure that the online Prop Bet site can be trusted and will follow regulations. This can be established by being licensed by trusted bodies such as the Malta Gambling Authority, the United Kingdom Gambling Commission, or the Swedish Gambling Authority.
Different Sports to Prop Bet on
Generally speaking, prop betting is one of the most popular forms of sports betting out there. However, not all sports props are the same. Let us take a look at the variations of sports to prop bet on:
American Football
This is one of the most sought after sports when it comes to prop gambling. The NFL is known to attract more wagers than any other professional league. There may be multiple variations of a single NFL prop bet. However, this depends on the sportsbook site. NFL prop bets can be:
- Touchdowns
- Pass attempts or completions
- Passing or receiving yards
- Total receptions
- Rushing yards
Baseball
Props bets in baseball are a little more limited but still popular among bettors. The most popular props are pitcher strikeout totals and yes or no markets for individual hitters to get a home run. Examples of MLB prop bets include:
- How many strikeouts will a certain player throw?
- Will a certain player steal a base?
- How many hits will a certain player have?
- Which team will score two runs first?
Basketball
After the NBL, the NBA is known for having the second most props to pick from. There are countless opportunities to wager on basketball props. This is mostly because there are numerous games played. Here are the most popular basketball prop bets:
- Points
- Rebounds
- Assists
- Steals
- Blocks
- First basketball scorer
- Three-pointers
- Double-doubles
- Triple-doubles
- Winning margin
Football
Football or soccer is another popular sport with great leagues that provide exciting prop betting opportunities. Many sportsbooks offer football prop bets. Here are popular examples of soccer prop bets including:
- First team to score
- Player to score the most goals in the match
- Player to make an assist
- Yellow or red cards
Hockey
NHL prop bets are also available on various sportsbooks, but may be hard to find. When a person can find a sportsbook that has NHL props available, here are some popular bets they can place:
- Player to be credited with +1 total assists
- Player to be credited with +1 total points
- Both teams score
- Method of victory
- Penalty minutes
- Goalie saves
Prop Betting Tips and Tricks for Success
While this form of betting can be lots of fun, there may be learning curves if you are new to it. If you want to be successful with Prop Bets, it is imperative that you are well rehearsed. Here are three tips and tricks for a successful sports betting experience:
Do your homework
It is crucial that you take the time to do your research on the various teams you will be gambling on. This will help you determine which props are most likely to play into those outcomes. Basically, you need to learn what makes teams tick and how to apply this information to the prop odds. The internet is a virtually infinite data well. The number of bloggers, vloggers, websites, journalists, data analytics, etc is vast. But, not every source has valuable insights. This is why it is important to spread your view, be objectively critical, and keep track of your sources.
Manage your money
Prop bets can be very attractive. With so many props available, players might become excited about the number of bets that can be placed. During major sports events, you might be tempted to take it a notch higher. However, it is advisable that players do not bet based on emotions. The correct way to go about prop betting is to set aside a portion of your money spent specifically on betting and divide out your props.
The more sportsbooks the better
It is never a bad idea to have numerous betting sites on hand. This is especially the case when it comes to prop betting. Bettors will find that odds will be comparable from one sportsbook to the next, while prop odds will vary greatly. We recommend that players look for props that support their point of view.
FAQ
What exactly is a Prop Bet, then?
Prop bets, short for proposition bets, give Kiwi punters the chance to wager on specific events within a game, rather than just the final result. Think of it as betting on whether a certain player will score a try in a rugby match, or if the first ball in a cricket over will be a boundary.
How popular is Prop Betting in New Zealand?
Extremely! Prop betting has become a favourite way for sports fans in New Zealand to add extra excitement to the games they're watching. It's a fun way to get involved, even if you're not usually a big gambler.
Which sport offers the easiest prop bets for beginners?
Rugby is a great starting point for prop betting in New Zealand. There are plenty of straightforward options, like betting on the first try scorer or whether a specific player will score in the match. Plus, it's a sport most Kiwis know and love!
What are the most common types of Prop Bets I'll find?
You'll typically find game props (bets on events happening within the game), player props (bets on individual player performance), and novelty props (more unusual and fun bets).
Where can I get reliable info to help me make smarter prop bets?
The internet is a treasure trove! Look for sports news websites, stats sites, and even social media accounts that focus on sports analysis. Just remember to check the source and make sure the information is credible before you place your bets.
