Proposition bets are a type of wager that doesn't revolve around the game's outcome. Would you like to know more? Join us as we take a closer look at prop betting, what it is, and how to place a prop bet on any of your favorite legal sportsbooks. However, this type of bet is the polar opposite of high-stakes.ĭue to the small wager sizes and variable options, proposition bets are ideal for beginners and small stakes players. This type of wager is one of the most versatile types on the market and offers many opportunities that other wagers don't. It's been steadily gaining popularity in recent years, but many people are still unfamiliar with how proposition bets work. Prop betting is a popular but somewhat unconventional form of wagering.