Making The Most Of Poker Prop Bets

Anyone who is experienced with poker knows that the overall goal is to maximize the amount of money they can earn in an hour. Now, the best way to do this, of course, is to use a mathematically sound strategy and make the absolute best possible decisions with every single hand. There is another way in which you can earn some extra cash on the hour, though, and you can do this with what are known as poker prop bets. A prop bet is a wager on something other than the outcome of the hand that can be beneficial in many ways.

There are all kinds of things that constitute poker prop bets. For one, individuals may choose to place a wager on the color of the flop. Not everyone at the table has to agree to this, though. As an example, let's say that person A wants to place a $5 stake on all of the flop cards being red. Now, assume that person B agrees and person C declines. If this prediction comes true, then B owes A $5. Conversely, if the prediction is incorrect, then A will owe B the $5. Of course, neither person actually has an advantage here because the odds of each outcome are the same.

The trick is to ensure that your proposed payout ratio exceeds the actual advantage that the person you're wagering against has over you. Using the above example, the odds against the same-color flop (either red or black) are going to be 3.25:1 when all of the variables are considered. So, what you'll need to do is convince your adversary to take a payout ratio that is less than that. In the end, rather than $5 each time, you'll want to convince this person to pay you $3 each time all three cards are the same color and take a payout of $1 each time they do not. This will give you an average per-hand profit of $0.06.

Now, before you go and try to outwit the others at a table somewhere, you'll need to think it through. If it sounds like you've been plotting this in your head all along - or even if it sounds like it's something that you tend to do often - these people are going to refuse you thinking that you have something up your sleeve. You will need to make it sound completely spontaneous and in the flow of the conversation at hand.

Finally, if someone else at your table offers up poker prop bets, you'll need to consider them carefully before accepting. After all, it's possible that this individual has used the same strategy you have and unless you're a genius, it'll be difficult for you to calculate the odds versus the payout potential in your head. In most cases, you should be the person offering the prop. Of course, if someone makes an offer you simply can't refuse and the odds are obviously in your favor, then take them up on it. After all, their loss is your gain.