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Prop betting and professional sports go together like peanut butter and jam; they seem naturally made for each other. With every sports season comes the betting season, and millions of dollars in bets are wagered every year against odds on game score outcomes, point spreads, and stats.

Decades ago, in the days of bookmaking, it was common to place odds mainly on the outcome of a game, but thanks to innovations, and mainly due to online accessibility, the world of betting has been transformed. Now, a popular and common way to bet on sports is called prop betting (also known as specials betting). Prop betting involves placing a wager on the outcome of elements of the game other than the final score. This could be things like pitting the performances of two quarterbacks against each other in a season, betting on how many touchdowns a player scores in a game, or on the outcome of a coin toss before a game.

Prop betting is fairly easy once you understand it. Here are a few things to keep in mind if you’re making a prop bet.

Prop Bets Can Be Anything

Prop betting seemingly has no limit. Anything that can possibly be contested can qualify as prop betting. Will the QB score more or less than 2.5 touchdowns? Will the anthem be longer or shorter than two and a half minutes? Will each team get a touchdown in the first quarter? All of these have the potential for lucrative payouts.

Prop Bets Can Be Pure Chance

Usually, bets on games deal with odds based on stats and performances, making a team either favored or an underdog. This means it’s fairly easy to predict likelihoods. Prop betting can involve stats-based bets – say, if you pit one quarterback’s total season touchdowns against those of another on a different team – but many “fun” props bets are pure chance, like what color the Gatorade dumped on the winning coach will be, what clothing a halftime performer is going to sport, how long the anthem will be, or, as mentioned, the coin toss. For these, odds are nearly impossible to calculate, making these prop bets pure chance.

Find a Website or App with a Selection of Popular Prop Bets

Usually, there will be websites organized around a list of popular prop bets. Prop betting on these websites is a fairly simple process. First, you have to create an account and register. You will then have to select a payment option (PayPal, Visa or MasterCard, Bitcoin). Once these rudimentary steps are out of the way, there will generally be a list of the popular prop bets. Some of them will be for single games, and some will be season-long totals. In many cases, making the prop bet is as simple as clicking the “for” or “against” options next to the bet listings.

Find an Edge

Finally, if you are more inclined toward skills-based prop betting, you can give yourself an advantage if you know your stats. The better you know your stats, the better your odds will be that your predictions will pay off.

Do it Wisely

Betting can be mostly innocent fun, and it can be really exciting when you get a big win. However, it requires responsibility. Never bet more than you can afford, and never bet any money you wouldn’t be willing to lose. If you are in financial straits, don’t engage in prop betting.

Now that you know the ropes, you’re ready to enter the world of prop betting! For the best daily player prop bets, go with No House Advantage, available from the Apple App store or Google Play.