Odd Betting Glossary

 
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Prop Bets
Also known as proposition, side, or exotic bets, these are bets that are made on an outcome or a proposition. Prop bets could be on statistics or one-time events, or quirky and extraordinary bets as well (will any actor to receive an Oscar trip and fall when getting on stage).

Prop bets are exclusive to online gambling sites and are not offered by Las Vegas bookies. The law prohibits Vegas casinos from offering any bets on events that can be controlled.