High Stakes Poker??? what are props ???

If you dont know what i am talking about watch this episode??
YouTube - High Stakes Poker Season 2 Episode 14

They are side betting on something using a sheet of paper... Something called props ?? what are they betting on?

Proposition bets. Someone suggests a wager on anything

Yeah, proposition bets.

The one's your referring to are the one I thin Negreanu talked about in his blog awhile back.

Basically each player picked some numbers. If those three numbers are on the flop I win X amount of money.
For example, let's say that you picked 3, 4, & 7.
If the flop was 3/5/7 you net nothing.
If the flop was 3/4/7 you get X.
If the flop was 3/3/7 or 4/7/7 you still get X because it only had your numbers.
I think there's some bonus, like 10X, if the the flop is 3/3/3 or 4/4/4 or 7/7/7.

I'm probably messing it up, but that's the general idea.
When they played those during the big game, if you didn't declare your win you "slept" the prop and they don't have to pay you off, so it forces you to pay attention to hands you aren't a part of. But during High Stakes Poker they couldn't really give the prop bets much attention as they'd interfere with the show. Hence, they wrote them down.

Eventually the producers found even that too distracting, and banned those prop bets.

oh ok...awesome explanation! Thanks for taking the time to write it out.

it can be anything... anything at all...

For example... first person to go to the loo? first to swear. who the waitress serves last... anything at all...

Bigsmak is correct. Prop (proposition) bets are wagers on anything at all. The superbowl is notorious for its prop bets. There's always an over/under on how long the national anthem will be, first catch, odd or even points, etc.

There was a great WSOP episode last year where Helmuth was at a final table & made 3-4 prop bets with Phil Ivey in the audience. Everytime he called an all in, he make a sidebet with Ivey about whether his hand would hold.

He ended up losing more money to Ivey then he made in the tourney.