{"id":125457,"date":"2020-01-27T18:05:24","date_gmt":"2020-01-28T02:05:24","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=125457"},"modified":"2020-01-28T08:20:52","modified_gmt":"2020-01-28T16:20:52","slug":"prop-bets-no-longer-just-for-the-super-bowl-draftkings-exec-avello-says","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/prop-bets-no-longer-just-for-the-super-bowl-draftkings-exec-avello-says\/","title":{"rendered":"Prop Bets No Longer Just for the Super Bowl, DraftKings Executive Johnny Avello Says"},"content":{"rendered":"

Super Bowl LIV is now less than a week away, and as we get closer to the big game between the Kansas City Chiefs and San Francisco 49ers, sportsbooks are starting to release more proposition bets.<\/p>\n

\"\"
For the Super Bowl, DraftKings is offering nearly two dozen betting opportunities on the teams’ quarterbacks, San Francisco’s Jimmy Garoppolo (above) and Kansas City’s Patrick Mahomes. (Image: 49ers.com)<\/figcaption><\/figure>\n

Once derided as gimmick bets, with some focusing \u2013 or ridiculing \u2013 such opportunities as the outcome of the coin toss, prop bets now generate as much interest, if not more, than the actual game odds itself.<\/p>\n

(By the way, if you\u2019re still into the traditional odds, the Chiefs remain a 1.5-point favorite over the 49ers.)<\/p>\n

The first prop bet originated 34 years ago, when the Chicago Bears faced the New England Patriots in Super Bowl XX. Sportsbooks in Nevada offered odds of 20-1 or higher on defensive lineman William \u201cThe Refrigerator\u201d Perry scoring a touchdown, and when the big man went through the line and into the endzone, it changed the way fans and bettors consume the big game.<\/p>\n

Now, prop betting isn\u2019t just limited to the Super Bowl. Nor is it limited to football games. As sports betting has expanded across the nation, so has the availability of betting options that sportsbooks used to only offer for the big games.<\/p>\n

\u201cWe offer prop bets, multiple prop bets every single day of the week,\u201d Johnny Avello, the director of sportsbook operations for DraftKings<\/a>, told Casino.org<\/em> on Monday. \u201cWhether we’re taking, two basketball players and we’re boosting the odds from what we would normally offer 3-1 to 3.5-1, we do that on a nightly basis. You\u2019re seeing more content in those offerings.\u201d<\/p>\n

Props to Analytics<\/h2>\n

Though you can find prop bets on pretty much any type of sporting event, the Super Bowl still remains the top biggest day for them.<\/p>\n

Right now, DraftKings online sportsbook offers more than 400 different betting opportunities for the Super Bowl. That includes nearly two dozen opportunities on the quarterbacks, Kansas City\u2019s Patrick Mahomes and San Francisco\u2019s Jimmy Garoppolo, with nine of those being head-to-head bets.<\/p>\n

Who will throw the first interception? DraftKings offers Garoppolo at -182, meaning a $182 bet nets $100. Mahomes draws odds of +145, meaning a $100 bet nets $145.<\/p>\n

If you can think of a statistic or play, DraftKings likely offers some type of bet. The online sportsbook offers +2500 odds on a successful onside kick in the game. For a missed extra point, the odds are +300 for yes and -455 for no.<\/p>\n

Avello tells Casino.org that the advancements in analytics are helping fuel the new wave \u2013 and scale \u2013 of prop bets.<\/p>\n

Most of these props were done by hand, and when I say by hand I mean going and doing the research to find out Mahomes averages 281 passing yards a game,\u201d Avello said. \u201cSo you go back, and you do that research and then you have to do more research and see how he does against teams with better defenses. Whereas a lot of that can be done for you now in the analytics.\u201d<\/p><\/blockquote>\n

And from a non-analytical perspective, there are still opportunities. DraftKings is offering odds on the color of \u201cfirst\u201d Gatorade shower the winning coach receives. Red is the current favorite at +150. No shower garners odds of +1500.<\/p>\n

As for the coin flip, either choice is available at -103.<\/p>\n

Top Props<\/h2>\n

As of Monday afternoon, the five most popular Super Bowl<\/a> prop bets at DraftKings were:<\/p>\n

\n

KC\u2019s Tyreek Hill to get the longest reception (+350)
\nMahomes to throw the most interceptions (+158)
\nChiefs receiver Mecole Hardman to get the longest reception (+1100)
\nKC\u2019s Tyrann Mathieu to snag the first interception (+800)
\nSan Francisco\u2019s Richard Sherman to get the first interception (+900)<\/p>\n<\/div>\n

In early betting among DraftKings\u2019 Indiana bettors for Super Bowl MVP honors, Mahomes (+115) is the public\u2019s choice, as he\u2019s garnered 37 percent of the handle and 22 percent of the tickets. San Francisco\u2019s most popular pick is Raheem Mostert (+900), who has received 14 percent of the bets and 15 percent of the handle.<\/p>\n

The Super Bowl will kick off Sunday at 6:30 pm ET. Fox will broadcast the game.<\/p>\n","protected":false},"excerpt":{"rendered":"

Super Bowl LIV is now less than a week away, and as we get closer to the big game between the Kansas City Chiefs and San Francisco 49ers, sportsbooks are starting to release more proposition bets. Once derided as gimmick bets, with some focusing \u2013 or ridiculing \u2013 such opportunities as the outcome of the […]<\/p>\n","protected":false},"author":45,"featured_media":125470,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,1074],"tags":[],"acf":[],"yoast_head":"\nProp Bets No Longer Just for the Super Bowl, DraftKings Exec Avello Says<\/title>\n<meta name=\"description\" content=\"Once thought of as just gimmicks, prop bets now generate as much interest, if not more, than the traditional odds on the Super Bowl.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/prop-bets-no-longer-just-for-the-super-bowl-draftkings-exec-avello-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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