Prop bets online
I've always seen these so called prop bet threads, but I never really understood how they work? How you determine a winner and a loser? How the funds are paid out, how the odds
come about? Don't get me wrong, I understand the concept of it, but I don't understand the workings of the actual prop bet itself..
So lets say for instance I wanted to do one, so exactly how would I go about doing one? And how do I go about getting the correct odds for my prob bet? Than how do the funds get put aside in-order to keep the prop bet funds separate from the rest of the funds? So I once again, kinda understand the odds of the prop bets, but I don't understand how they come about that figure itself.What I mean is I get the idea that the harder the challenge the higher your odds should be correct, or am I missing something?
Anyways if you all could let me understand this I'd appreciate it.
Thanks once again