What Are Prop Bets? Guide for Colorado Sports Bettors

What is a Prop Bet? Prop Betting Guide for Colorado Sports Bettors

One of the most popular betting types on the Colorado sports betting market are prop bets. Prop bets, or just "props", offer a unique way of sports gambling no matter what sport you're betting on.

This guide is tailored for Colorado residents new to sports betting, explaining what prop bets are, how they work, and how you can participate in this fun betting format.

What Are Prop Bets?

Proposition bets, commonly known as prop bets or props, are wagers placed on specific events or outcomes within a game or event that are not directly correlated to the final score or whether a team wins or loses. These bets can range from predicting which player will score the first touchdown in a Denver Broncos game to guessing the total number of strikeouts a pitcher will throw in a Colorado Rockies game.

Example of a Prop Bet

Imagine betting on the Denver Nuggets, and instead of betting on their NBA Finals odds, you wager on whether Nikola Jokić will score over or under a certain number of points. Or, during the college football season, you might bet on whether the Colorado State Rams' quarterback will throw more or less than a specific number of touchdown passes in a game.

How Prop Bets Work in Sports Betting

Prop bets work by offering bettors specific scenarios or outcomes to wager on. Colorado betting apps set the odds for these outcomes based on the probability of them happening in any game.

Nearly all legal operators in Colorado offer some sort of props for sporting events whether before or during the game. You can bet on Javonte Williams rushing for over 59.5 yards before the game and watch the lines live to see if you can double down based on the game script. Additionally you'll see props for specific sporting events such as the Swiftie Specials bet365 Colorado offered during Super Bowl 58.

First Bet Safety Net Up To $1,000

Must be 21+ to participate & present in CO. Gambling problem? Call 1-800-GAMBLER. T&Cs Apply.

How to Read Props

Prop bets are listed with the scenario and the odds for each potential outcome. For example:

NBA Prop Bet	Odds
Nikola Jokić to score over 25.5 points	+110
Nikola Jokić to score under 25.5 points	-130

In the example above, betting on Jokić to score over 25.5 points would yield a higher payout due to the positive odds (+110), indicating it's considered slightly less likely to happen. Betting on the under has negative odds (-130), meaning Jokić would have to score 25 points or less and you'd have to bet $130 to win $100, reflecting its perceived higher chance of the scenario happening.

Sportsbooks in Colorado Offering Prop Bets

Colorado boasts a competitive sports betting market, with several operators offering CO sportsbook promos and a wide range of prop bets on both professional and collegiate sports you can use bonus codes on. Some of the notable platforms include:

DraftKings

When using DraftKings Colorado sportsbook, you might explore prop bets such as predicting whether Broncos' quarterback will throw over or under a certain number of yards in a game.

FanDuel

FanDuel Sportsbook Colorado offers Avalanche fans and bettors the chance to bet on specific outcomes, like whether Nathan MacKinnon will score a goal in an upcoming game against the Seattle Kraken. This gives NHL and all hockey fans a fun way to follow and cheer on your favorite players.

BetMGM

Over on the BetMGM CO sportsbook, they cater to the basketball crowd, with props such as whether Jamal Murray of the Nuggets will score a certain number of points. You can often pair props together, such as scoring more or less points or pulling down more or less rebounds.

All of the sportsbooks you see on this page operate legally within Colorado and provide a regulated space for placing any of your prop bets.

Tips for Betting on Prop Bets

Do Your Research: Knowledge is key when it comes to successful prop betting. Understanding player statistics, team trends, and specific matchup details can give you an edge.
Manage Your Bankroll: Prop bets can be fun, but it's important to bet responsibly and within your means. Set a budget and stick to it.
Shop for the Best Odds: Different sportsbooks offer different odds for the same prop bets. Comparing odds can help maximize your potential winnings.

Bet And Get Up to $1,000 in No Sweat Bets

Must be 21+ to participate. T&Cs Apply. Play Responsibly. Gambling problem? Call 1-800-GAMBLER

Conclusion on Prop Betting in Colorado

Prop bets add a layer of excitement and engagement to Colorado sports betting, allowing fans to connect with the games and teams they love in a new way. Whether you're predicting performance outcomes for the Denver Broncos or wagering on individual achievements in a CU Buffaloes game, prop bets offer a unique and entertaining betting experience. Remember to bet responsibly and enjoy the thrill of the game!

Colorado Prop Betting FAQs

Prop bets, or "props", are wagers placed on specific events or outcomes within an actual game, match, or event that's not directly correlated to the final score or outcome. Props can range from specific game props to player props.

Prop bets for Colorado sports teams can range from individual player performances, such as the number of touchdowns a Denver Broncos quarterback will throw, to team-based outcomes like the total number of goals the Colorado Avalanche will score in a game. There are also unique props, such as the first team to score or specific in-game events.

Yes, you can place prop bets on college sports teams in Colorado, including outcomes related to the Colorado Buffaloes, Colorado State Rams, Air Force Falcons, and more. However, the availability of specific prop bets may vary by each sportsbook so looking for props on multiple operators is recommended.

Yes, prop bets are legal in Colorado as part of the state's sports betting laws. Bettors can place prop bets through all the licensed and regulated sportsbooks that operate in the state.

Do research and compare recommended legal sportsbooks available in the state. Compare the lines offered by the operators such as DraftKings, FanDuel, bet365 and BetMGM. Odds can vary between platforms, so line shopping can help maximize potential earnings.

Author

Editorial Staff

@Bet_Colorado

The experts at BetColorado who bring you the latest updates in Colorado sports betting. We pull together decades of experience to give you analysis as well as comparisons of the best CO online gambling apps.