Prop Bets - How do Prop Bets work?

Prop Bets are private wagers between individuals with certain conditions to decide a winner. For example, two people may have a Prop Bet on who lasts longer in a poker tournament. This is settled when one of the players is eliminated, declaring the other player the winner.

These can also occur between large groups of players and are a fun way to add a little 'side action' to a game.