Props/Futures
Propositions:
Props, or proposition wagers are based on the outcome of a possible event.
Example:
| Celebrity and Non-sporting Events |
| Next 3 months Dow Jones indes drop below 10,000? | 9/9/2006 00:01AM |
| In the next 3 months, will the Dow Jones Index drop below 10,000 on a closing level? |
| 9227 | Yes | +500 |
At +500, if you bet "Yes" for $100, you are betting that by the closing date of the prop (9/9/06), the Dow Index will indeed drop below 10,000. At 5 to 1, if you are right, your $100 will win you $500.
Futures:
Future wagers are based far in advance on the outcome of an event. The main advantage of futures is that you can get appealing odds by betting when oddsmakers first release them or well before an event is decided. For example, placing a Future wager on the Kentucky Derby a month ahead of time can get you a much better price on a horse than betting much closer to the race when the contenders are revealed for all to see.
Example:
For example, if bettors were able to take the Steelers to win the Super Bowl at the start of the 2005-06 NFL season at these odds, they were getting them as high as 9 to 1.
| Futures |
| Will the Steelers win Super Bowl XL? | 2/05/2006 |
| Will the Pittsburgh Steelers win the SuperBowl in 2006? |
| 20526 | Yes | +900 |