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PROPOSITON BETTINGProposition Betting, also known as prop betting, allows you to place bets based on the outcome of special events. All bets are final. There will be no payouts until the conclusion of the specified event. If your selection (person, team, etc.) does not participate in the event for any reason, the bet is considered a loss. The odds offered by the sports book may change between the time the you placed your bet and the time the event starts; regardless, the bet is subject to the odds displayed at the time you placed your bet. In the event of a dead heat for first place, stakes will be divided by the number of selections dead heating with the divided stake settled at full odds; remaining stake money is lost. The dead heat rule only applies to future bets. If the tie was a betting option, the dead heat rule does not apply. When you place a proposition bet, you lay 11 to win 10, though the stretch can be even higher. That means for you to win $100, you have to wager $110. If you win, you collect $210 - your $110 initial wager plus your $100 winnings. This 10% commission, also called a vigorish (aka vig or juice), is the compensation taken by the sportsbook on every proposition bet wagered. |
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