Proposition bet which is also called a side bet, prop bet, prop, or exotic is a bet made on an outcome or a proposition. These can be anything from statistics and happenstance in a regular game to personal, one-of-a-kind bets. Examples of the former include betting on which team scores first in a match, or which cards are flopped in poker.
One of well known online gaming guru Mark Pilarski introduce some of the the best proposition bets on a craps game that he personally used.
Popular Craps Proposition Wagers
Any Seven
The actual odds of an Any Seven wager are 5 to 1, but the bet payoff is 4 to 1. The house edge on this one roll bet is 16.67% to one, the absolute worst on the crap game.
Snake Eyes or Boxcars
There is only one way to make a 2 or a 12. The odds against either are 35 to one, but the house payoff is 30 to one. The house edge on this one roll bet is 13.89%.
Any Craps
Craps are the numbers 2, 3, and 12. The 2 and 12 can be made just one way, the 3 two ways. The odds against any craps happening are 36 to 4 or 9 to 1. The correct payoff should be 8 to 1, but the casino is only willing to part with 7 to 1. The house edge on this one-roll bet is 11.1%.
Ace-Duece (1, 2) or the Yo Eleven (11)
There are two ways that the three and eleven can be made out of the 36 possible number combinations. The odds of making either are 36 to two or 18 to one. The correct odds are 17 to one but the house payoff is 15 FOR one. The house edge on this one roll bet is 11.1%.
Hardways
Hardways allows the player to bet that the numbers 4, 6, 8 and 10 will show on the dice as matched pairs (2 and 2, 3 and 3, 4 and 4, 5 and 5) before the 7 occurs, or an easy way 4, 6, 8, and 10 (using six as an example: 2 and 4, 4 and 2, 5 and 1, 1 and 5). For the hard 6 and 8, the correct odds on these two numbers is 10 to 1, with the payoff being 9 to 1, and a house edge of 9.1%. As for the hard four and 10, the correct odds on these numbers is 8 to 1, but the payoff is only 7 to 1 giving the casino an 11.1% edge.
Proposition bet or also known as the side bet is a great opportunity to earn winnings aside from the main bet.
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