Originally Posted by BigCountryAA
I have however seen a couple players that refused to get in on prop bets during cash games even when they were being harassed by the entire table.
One of them being Chris Ferguson. He refused to play seven deuces prop bet and when confronted with the size of his bankroll he replied,"yes I wanna keep it that way".
That's how I look at it. I play poker for fun and to make money. I don't wanna lose it all gambling on dumb shit.
Barry Greenstein actually put forward an interesting perspective on this in his book - he suggested that sometimes, even if it's something you wouldn't normally do, it's a good thing to participate in those kind of bets in the interest of keeping the loose / loosing players at the table. If you show through participation in their side or prop bets that you're willing to gamble with them, then there's a good chance they're more likely to be willing to play with you and pay you off during real hands.
Obviously you don't want to be taking wildly -EV bets on that basis but if it's something that's pretty harmless (like 0EV bets on the predominant colour of the flop, or a small bounty on the seven-deuce game, which can actually work in the favour of tight players) then it might be worth reconsidering.