How to Place Prop Bets on BetMGM | Complete Guide

ByPat Pickens

Aug 1, 2022

BetMGM has become one of the best options for bettors since the practice of online sports gambling was legalized in the United States in 2018.

BetMGM has an array of betting options, including prop wagers, which are bets that are not tied to a game’s outcome. BetMGM offers a robust number of prop wagers for every game every night, including player props in pro and college games in states where betting on college-player props are legal.

If you are in a state that offers legal online sports betting, it’s likely that BetMGM is offering service where you are. But if you’re nervous or intimidated about placing prop bets with BetMGM, don’t be. We’re here to help.

Here’s a quick look at prop betting with BetMGM.

How to Do Prop Bets on BetMGM

Step 1: Create an Account or Sign In

Start by creating an account. If you have an account already, log into it. If you don’t, sign up using the promo code “GAMEDAY" which is a click away on our BetMGM full review page, to unlock the best offer the sportsbook has.

Remember all sensitive information is secure and is only used to affirm your identity. 

Step 2: Deposit

Enter funds if you haven’t already. Remember that if you deposit using a credit card you may not be able to withdraw your money with that method and will likely need to cash out via check if you deposited by that method.

Step 3: Find Your Prop Bet

Find the game in which you wish to place your wager, peruse the prop options and determine which one you wish to make.

Step 4: Place Your Bet

Tap or click on the wager you wish to make. Enter your stake. Click “Place Bet."

Step 5: Root for it to hit

Cheer for your bet to be successful.

Types of BetMGM Prop Bets

There are two main types of prop bets: player props and game props. Game props are those wagers that do not pertain to the outcome. Player props are usually when a bettor wagers on a specific player to surpass a total in a statistical category like points, passing/rushing/receiving yards, total bases and more.

Player Props

BetMGM, like nearly all online sportsbooks, offers player props for every pro game there is. Player props are when a bettor wagers on a specific player to surpass or fall short of a number in a statistical category, and sportsbooks assign odds and numbers for various stats that players could achieve.

For instance, LeBron James’ over/under for points in a game against the New York Knicks might be 27.5, meaning if he scores 28 or more that bet is successful for over gamblers. If he scores 27 or fewer, the under hits.

In NBA betting, BetMGM offers stats like points, rebounds, assists, blocks as well as stat combos like points-assists-rebounds combined. LeBron’s points-assists-rebounds number for that game might be 47.5, meaning if combines for 48-or-more points, assists and rebounds, that wager is successful.

Player props can be really fun but also really risky, given the prospect of off nights and early-game injuries. Plus, sometimes the odds do not make player props worthwhile in certain sports and categories. For instance, if Mike Trout’s over/under for a regular-season game is 1.5, the odds might be -200 or shorter, making that a very mediocre wager to place.

Game Props

Game props are various wagers that do not center around the final outcome of a specific game. Game props might include when the first goal/points are scored, the first-half or first-quarter moneyline, spread or total or much more.

Bettors might be interested in wagering on game props if they are confident in something other than the final score. For instance, a bettor may wager on a hockey team to win the race to 3, meaning it’ll be the first to score three goals. A basketball bettor may take an underdog to cover a 3.5-point spread in the first half since it isn’t a given that the underdog can stay within the spread for the full game.

A popular trend in baseball prop betting is wagering on whether there will be no runs in the first inning of one game. If either team scores, the bet fails. If neither team does, it is successful.

Novelty Props

Novelty props were invented for Super Bowl betting, since the Super Bowl has no shortage of off-the-wall prop bets. Bettors can wager on the coin toss, the length of the national anthem, the color of Gatorade that the winning coach will be doused with and other unique prop options that center around the Super Bowl.

Novelty props are fun to bet on since they don’t come around often but are a staple of Super Bowl betting.

Team Props

Team props, or team futures, are bets where you gamble on a team’s finish. For instance, you can wager on a team’s over/under win total or whether it will make the playoffs before the season, or you can gamble on your favorite team to win its division, conference or even league championship.

Betting on team props can be a great way to cash in when your favorite team succeeds. My own personal favorite team-prop win came when I wagered on the Minnesota Timberwolves to make the playoffs in 2022 at +610. I adopted the T-Wolves as one of my favorite teams and was ecstatic when they qualified as the No. 7 seed in the Western Conference.

Draft Props

Draft props center around a sport’s draft, especially involving a player’s overall draft pick placement. For instance, if you are wagering on a player to be chose over or under the 13.5 pick that means your over bet hits when he is chosen prior to the 14th pick and the under wager is successful when the player is selected with the 14th pick or later.

BetMGM typically reserves draft props for the NFL and NBA and offers a plethora of great draft-related betting options compared to the competition. For instance, bettors have the opportunity to wager on a specific player to be chosen with the Nos. 1, 2 and 3 picks as well, how many players from an individual college may be chosen as well as the aforementioned over/unders.

Does BetMGM Have Player Props?

Yes! And a lot too. Bettors can place player-prop bets on every pro sporting event every day.

For instance, bettors may take a player to surpass a number in a specific statistical category like runs, hits, points, rebounds, assists, goals, rushing/passing/receiving yards, touchdown passes and much more.

Where Are Player Props on BetMGM?

If you’re looking for player props on the BetMGM app you have to click on the game you wish to wager on then tap on the player-props section. There you’ll be able to find the vast array of player prop options.

If nothing catches your fancy then toggle to another game and peruse the player props for that matchup.

BetMGM Player Props Rules

BetMGM has some house rules involving player props, including:

  • Voids: A player prop is voided if the player doesn’t participate in the game or if his prop bet pushes, meaning the stake is returned back to the bettor

You have to be careful though because if a player is injured while the game is ongoing, or enters the game at all, the wager is live.

BetMGM Prop Bets for NFL

BetMGM has an array of prop wagers for NFL bettors for every game every week. Football is the king of sports betting, and props are a great way to get profitable odds for football betting since sportsbooks have NFL oddsmaking down to a science.

BetMGM offers both boosted parlays and props for NFL bettors every week and makes them easy to find on its app and website.

Super Bowl

Since the Super Bowl is the event for prop betting, BetMGM offers a competitive array of prop options for people interested in wagering on the big game. Bettors can wager on novelty props, like the coin toss and national anthem length, and a plethora of player and game props.

Best BetMGM Prop Bets

Figuring out which is the best prop bet is a matter of personal preference and betting style. If you love long-odds gambles, BetMGM enables bettors to choose One Game Parlays, a practice that allows them to choose a collection of wagers from one game or event, including game and player props.

If you are a more conservative bettor, try your hand at player props like for an athlete to go over or under on his points prop. There are dozens of player-prop options for games every day, with markets available in every team and individual sport.

But when looking for any bet, including prop wagers, seek out value. Try and find the wager that seems most likely to hit at the best odds. If there’s a prop you love, take advantage. If there’s a different type of bet that makes too much sense to pass up on, try that too. The best bets are the ones we love.

How to Find the Best Prop Bets

Finding the best prop bets is easy, especially on BetMGM. Do some research. If you know there’s a backup quarterback starting that should be overmatched, target his interceptions prop. If an elite defender is sitting out due to injury or rest, target the other team’s star to surpass his points total. Trends are your friend in betting, especially in the prop space.

As stated above, seek out value. Does Dak Prescott’s rushing prop looks too low? Take it. Are the odds for Tom Brady’s passing-touchdowns props plus-money? Take a stab at it.

If you’re going to bet props make sure to find the ones that are a bit off and mash them. Those will be the ones that net the best and most rewarding payouts.

Prop Bet Strategies

Do your homework. Does a mediocre batter have great lifetime stats against an ace starter? Target that guy’s props. Does a quarterback tend to struggle against a particular opponent? Stay away from his props if he does.

There are dozens of prop-betting options for every game. It can be overwhelming. Again, target value. You don’t want to place a player prop with -200 odds that may not hit. You want the market inefficiency bet, like a too-low rushing yards prop at +100. Or the boosted prop you think will hit that’s going off at +120.

If you know a team is prone to fast starts but aren’t sure it is capable of closing, take its first-half or first-quarter spread or moneyline prop. If you know a team is prone to starting slow, bet against it on the first-quarter moneyline.

It goes without saying, hopefully, always shop around your sportsbooks available to find the best opportunities for your money.

But the best strategy is to have fun and enjoy the ride. Don’t forget to be responsible too.

Prop Betting for Beginners

Start small. Place a small wager on a player prop bet that you think will hit. If it does, try something a bit broader like a game prop. Or if you start to feel comfortable with player props, stick with those until you want to move onto something else.

There are great lessons to be learned simply with trial and error. Obviously, you don’t want to lose money by placing a silly wager or sitting out a wager that made too much sense. But if you can learn from your mistakes and figure out what makes sense and what doesn’t prop betting can be extremely fun and lucrative.

How to Calculate Prop Odds?

Prop odds can vary, but they are mostly -110 or -115, which is a coin flip for the purposes of a sportsbook. Some player prop may have longer or shorter odds, but if you’re betting on standard props, a -115 bet will pay out $0.87 on every $1 wagered and a -110 bet will cash in at $0.90 per dollar.

Fortunately, BetMGM has an odds calculator that informs bettors exactly what they will win if their wager hits.

Why Are Props a Good Bet?

Because they can pay out even if what you think will happen is wrong. For instance, if you were a New England Patriots fan interested in betting on Super Bowl LII, you would’ve lost if you wagered on the Patriots to cover 4.5 points against the Philadelphia Eagles. But if you had bet on Tom Brady to throw for more than 2.5 touchdowns, your bet would’ve hit, and if you wagered for Brady to surpass his passing-yards prop, that would’ve hit too since he threw for a record 505 yards in that game.

Can Props Be a Bad Bet?

They can be. Like anything, there needs to be balance in your betting. If you simply target prop wagers you’re going to get bitten by outliers and off-nights, especially odd occurrences like injuries. If you’re superstitious you might think boosted props are bad luck.

Like every other betting market, be sure you really like what you’re putting your money on.

What Sports Are Available for Props?

All of them. BetMGM offers player and game props for every team sports, including the NBA, MLB, NHL and soccer. Golf and tennis are great sports to bet props, and there are player and game prop options for those options too.

Online sports betting is perfect for prop betting since apps and websites can provide thorough lines that an in-person sportsbook can’t. BetMGM is a super option for prop betting for all sports, including global sports like snooker, rugby and motorsports.

Is There Bet Insurance on Props?

Not often. Unless you’re using your new-user, risk-free bet on a prop, BetMGM doesn’t typically offer insurance on props.

Author

Pat Pickens

Pat Pickens is a seasoned sportswriter who has covered the NHL since 2013 for various websites, including The New York Times, NHL.com, Sportsnet.ca, USA Today, the Associated Press and many others. His debut book, titled "The Whalers" about the history of the NHL's Hartford Whalers, was released in October 2021. His greatest successful wager was an LA Kings puck-line bet (+200) in Game 1 of the 2012 Western Conference Final.