Your sportsbook can have thousands of betting options at any given time. The sportsbook pay per head solution can automatically generate wagering options for you. However, new beginners tend to focus on common wager types, and they overlook a lucrative market – prop bets.
Most “How to Be a Bookie” tutorials talk about customizing the sportsbook operations based on the bookie’s preferences or players’ likings. However, you must understand how all betting types work. Otherwise, you are at risk of losing money because the odds are not right.
Guide to Prop Bets
What is a prop bet? It is a type of wager that’s not made on the result of the game. Instead, it is based on an event or player in the game or tournament. According to sportsbook pay per head experts, almost all wagers on a game can be a prop bet, except for total, moneyline, and point spread.
Based on bookie pay per head reviews and tutorials, a football game’s prop bet might be how many passing yards a specific player will have. The options for the proposition would be over or under the total posted by your bookie software. You can offer prop bets in every sport. Often, they are placed before the start of the game.
Prop bets can be mixed with parlays and other wagers. It could also be the gender of a celebrity couple’s baby, the result of a reality TV show, or the elections. However, prop bets are challenging to analyze. Thus, sharp players tend to ignore them, based on bookie PPH sources.
If you are using the best sportsbook software, your players can make custom prop bets. It is a way for friends to have fun while wagering on sports. Although they bring lots of fun, they bring tremendous value to your bookie business.
