Proposition bet
Encyclopedia
In gambling
, the term "proposition bet" (prop bet, prop, or exotic or a side bet in the first context below) has two definitions.
for money; phrased in terms of the above definition, the bet is on whether the "dared" person will make a given event happen. If the "dared" person accepts the bet, he will collect if he succeeds or pay if he fails.
For an example detailed in the book The Professor, the Banker, and the Suicide King
, David Grey
once bet Howard Lederer
, a professional poker player who became vegetarian following gastric bypass surgery
, $10,000 that Lederer would not eat a cheeseburger
. Lederer accepted the wager, ate the cheeseburger, and won the bet.
Gambling
Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...
, the term "proposition bet" (prop bet, prop, or exotic or a side bet in the first context below) has two definitions.
Primary definition
In most contexts, "proposition bet" denotes a bet made regarding the occurrence or non-occurrence during a game (usually a gambling game) of an event not directly affecting the game's final outcome. Examples include:- Betting on which specific sub-outcomes occur during a game in which multiple sub-outcomes normally have the same value, for example:
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- Betting on which team scores first in a match
- Betting on the specific face value of one or more individual dice in crapsCrapsCraps is a dice game in which players place wagers on the outcome of the roll, or a series of rolls, of a pair of dice. Players may wager money against each other or a bank...
- Betting on which cards will make up the flop in a hand of pokerPokerPoker is a family of card games that share betting rules and usually hand rankings. Poker games differ in how the cards are dealt, how hands may be formed, whether the high or low hand wins the pot in a showdown , limits on bet sizes, and how many rounds of betting are allowed.In most modern poker...
- Betting on which cards are dealt in blackjackBlackjackBlackjack, also known as Twenty-one or Vingt-et-un , is the most widely played casino banking game in the world...
: Over 35 different blackjack side bets are widely recognized in casinos. On some bets, such as the "Lucky Ladies" side bet that wins only if a player is dealt the queen of hearts and the dealer receives blackjack, the odds offered may be as high as 1000-to-1. These bets are rarely favored by experienced gamblers as the house edge on them typically exceeds the edge in a normal game. , while blackjack itself has a house edge of less than 1% if the player follows basic strategy.- Betting on specific aspects of the pageantry surrounding a sporting event, such as a) the duration of the word "brave" in the pregame performance of the U.S. national anthemThe Star-Spangled Banner"The Star-Spangled Banner" is the national anthem of the United States of America. The lyrics come from "Defence of Fort McHenry", a poem written in 1814 by the 35-year-old lawyer and amateur poet, Francis Scott Key, after witnessing the bombardment of Fort McHenry by the British Royal Navy ships...
or b) the color of the GatoradeGatoradeGatorade is a brand of sports-themed food and beverage products, built around its signature product: a line of sports drinks. Gatorade is currently manufactured by PepsiCo, distributed in over 80 countries...
or other sports drinkSports drinkA sports drink beverage is designed to help athletes rehydrate when fluids are depleted after training or competition. Electrolyte replacement promotes proper rehydration, which is important in delaying the onset of fatigue during exercise...
dumped on the winning team's coach in the traditional practical joke and victory ritual known as "icing"
- Betting on specific aspects of the pageantry surrounding a sporting event, such as a) the duration of the word "brave" in the pregame performance of the U.S. national anthem
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Secondary definition
Less commonly, "proposition bet" (in this context also "one-of-a-kind bet") denotes a dareDare
-Arts and entertainment:* Dan Dare, a classic British science fiction comics hero* Dare , a 1965 novel by Philip José Farmer* Dare, a 2007 novel by BET host Abiola Abrams* Dare , a 2009 film- Music :...
for money; phrased in terms of the above definition, the bet is on whether the "dared" person will make a given event happen. If the "dared" person accepts the bet, he will collect if he succeeds or pay if he fails.
For an example detailed in the book The Professor, the Banker, and the Suicide King
The Professor, the Banker, and the Suicide King
The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time is a 2005 book by Michael Craig detailing billionaire Andrew Beal's series of high stakes poker games with Las Vegas' top professional poker players. The book title refers to some of the professional...
, David Grey
David Grey
David F. Grey is an American professional poker player from Henderson, Nevada.Grey is best known as a cash-game player, but he also has several notable poker tournament wins to his name....
once bet Howard Lederer
Howard Lederer
Howard Henry Lederer is an American professional poker player and brother of poker professional Annie Duke, and author and poet Katy Lederer. On September 20, 2011, the U.S...
, a professional poker player who became vegetarian following gastric bypass surgery
Gastric bypass surgery
Gastric bypass procedures are any of a group of similar operations that first divides the stomach into a small upper pouch and a much larger lower "remnant" pouch and then re-arranges the small intestine to allow both pouches to stay connected to it. Surgeons have developed several different ways...
, $10,000 that Lederer would not eat a cheeseburger
Cheeseburger
A cheeseburger is a hamburger with cheese that has been added to it. Traditionally, the cheese is placed on top of the patty, but the burger can include many variations in structure, ingredients, and composition...
. Lederer accepted the wager, ate the cheeseburger, and won the bet.