This guide explains what fanduel prop bets are, how common prop markets are organized, and why settlement and state rules matter when you evaluate prices. It is written for U.S. sports fans and bettors who want practical, evidence-based steps to read prop markets and manage risk when placing prop-focused wagers.

Prop bets focus on in-game events and are grouped into player, team, game, and novelty markets.

State rules, including actions on college player props, influence which markets a sportsbook can offer.

Converting American odds to implied probability helps you compare prices and judge value.

What are fanduel prop bets? Definition and context

Quick definition

At their core, fanduel prop bets are wagers on specific occurrences inside a game rather than on the final winner or point spread. This includes bets on player statistics, team scoring milestones, or discrete game events, and is the structure most U.S. books use to present side markets to customers FanDuel Research.

Compared with a straight match bet, a prop targets a narrow outcome, for example whether a quarterback will pass for more than a stated number of yards or whether a particular player will score at any time. Props can settle to official statistics, alternate timing rules, or event-specific finish conditions depending on the operator and the match rules Investopedia explainer.

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Keep reading for simple examples, how American odds work, and a short checklist to confirm a market is available where you live.

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Props are commonly grouped into a few practical categories to help bettors find and compare markets quickly. The headings you will see in menus usually separate player props, team props, game props, and novelty or special-event props, which makes it easier to scan for the outcome you want to evaluate FanDuel Research.

Because props focus on units inside a match, sportsbooks often explain how a market will be settled and which official stat provider they rely on. That matters for bettors because a player listed as out, a substitution, or a stat reversal can change whether a prop wins, loses, or is voided under the house rules Investopedia explainer.

How prop bets differ from straight match bets

In practice, straight bets ask who wins or whether a team covers a spread. Prop bets instead isolate an event or statistic inside the matchup. That difference changes the information you use to evaluate the price: for props you concentrate on opportunity and usage rather than only overall team strength FanDuel Research.

Because prop markets are narrower, they can offer more variety and more frequent opportunities to target perceived edges, but that also means settlement rules and local availability play a larger role in whether a market exists and how it resolves Investopedia explainer.

Player props focus on individual performance lines such as over/under passing or rushing yards and whether a player will score a touchdown. These are typically shown in a player props section and are among the most common markets offered on U.S. books FanDuel Research.

One common form is a stat line over/under, for example a listed number of receiving yards, and another common option is an anytime scorer bet which pays if the player scores at any point in the event Investopedia explainer.

Team props

Team props center on team-level outcomes like a team total points line, team to score first, or whether a team will cover a particular team-only range. Team totals let bettors focus on how many points a single team will produce without committing to the full-game total or final result FanDuel Research.

Team props are useful when matchup context suggests one team will dominate or when in-game factors such as pace of play or rotation changes a teams expected output Investopedia explainer.

Game props and novelty markets

Close up mobile sportsbook player props screen showing receiving yards line and American odds with a small settlement rules note minimal Funded Plays aesthetic dark background fanduel prop bets

Game props cover match-level events such as the method of first score, the winning margin, or whether the game goes to overtime. These markets often appear in a separate section and are popular for single-game interest rather than season-long predictions FanDuel Research.

Novelty props are event-limited markets that apply to special occasions or off-field events. Availability can vary and some novelty offers are restricted by jurisdiction or the event host, so check availability in your area before assuming they appear in the menu FanDuel Research.

Player props: common examples, settlement rules, and college-specific cautions

Stat line props and scoring props

Typical player prop examples include over/under passing yards for a quarterback, rushing or receiving yard totals for skill players, and anytime touchdown scorer markets that pay if the player reaches the end zone. These lines are straightforward in concept but their value depends on expected usage, matchup, and role in the game FanDuel Research.

Player props can be attractive when a player has a clear role or predictable workload, but bettors should avoid assuming a high-profile name always creates value without checking context such as injuries or rotation plans Investopedia explainer.

How player props are settled

Sportsbooks commonly resolve player props using official stat providers and a stated resolution time, which means a stat reversal or a play credited differently by the provider may affect the result. The operators house rules list which provider controls settlement and what happens when a player does not play FanDuel Research. For details on DNP treatment see FanDuel support.

For example, if a listed player is inactive or listed as DNP, the house rules explain whether the bet is voided, graded as a loss, or resolved by another method. That is why reading settlement language before placing a prop is important Investopedia explainer.

Are college player prop bets allowed in all U.S. states?

No. The NCAA urged states to prohibit college player prop bets and several jurisdictions adopted restrictions or bans, so legality and availability vary by state and operator.

Because college player props have been subject to regulatory attention, bettors should confirm whether a market is offered in their state and how the sportsbook resolves related outcomes NCAA announcement. To review which states currently allow or limit these markets see which states allow betting on college player props.

College player prop restrictions

Starting in 2024 the NCAA publicly urged states to prohibit college player prop bets, and several states pursued or adopted measures that restrict or ban these markets. This changed how and where college player props are offered in subsequent years, so availability remains dependent on state policy and operator compliance NCAA announcement. For a state-by-state summary see college betting rules by state.

Some states implemented explicit bans that removed college player props from the market. If you plan to evaluate college lines, confirm the current status for your state and the sportsbooks local menu before assuming the market exists Ohio regulatory notice.

Team and game props: common markets and how they work

Team totals and team scoring props

Team props include lines such as a team total points over/under, team to score first, and team-specific scoring ranges. These are useful when you want to concentrate on one side of a matchup and ignore the opposing teams contribution FanDuel Research.

Team totals are often adjusted based on pace, matchup, and projected rotation. When a coach signals a change in usage or resting players, those factors can move team-side prices quickly, so check for late changes before locking in a bet Investopedia explainer.

Game props: margin, first scoring method, and others

Game-level props cover outcomes such as the winning margin, first scoring method, whether both teams will score in a half, or whether the game goes to overtime. These markets appear separately and rely on play-by-play events that are often settled by an official provider FanDuel Research.

Because these markets depend on single events inside the game, they attract bettors seeking discrete results that are not tied to the full-game outcome. Availability varies by event and jurisdiction, and some markets are offered only for major events or in states that permit them Colorado sports betting catalog.

Reading prop odds: American odds, implied probability, and simple conversions

What positive and negative American odds mean

American odds are the standard presentation for many U.S. props. Positive odds show how much profit a $100 stake would produce, while negative odds show how much you must stake to win $100. Understanding this helps translate a listed price into a straightforward payout expectation American odds explainer.

For example a +150 price indicates a $100 bet would profit $150 if the selection wins, and a -150 price indicates you must stake $150 to profit $100. That simple interpretation is useful when comparing prices across props or converting to implied probability American odds explainer.

Converting odds to implied probability

To convert American odds to implied probability use the standard formulas. For positive odds the implied probability is 100 divided by (odds plus 100), then multiplied by 100. For negative odds the formula is the absolute value of the odds divided by the absolute value plus 100, then multiplied by 100, which gives a quick estimate of the market-implied chance American odds explainer.

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Applying these conversions lets you compare a prop price to your own probability estimate of the event. If your assessment suggests a higher chance than the market-implied probability, the prop may represent value, subject to bankroll and settlement rules FanDuel Research.

Where availability changes: state wagering catalogs and regulatory limits

State catalogs and permitted proposition wagers

State wagering catalogs list which proposition markets regulators permit and how operators must report or list them. Those catalogs differ by state and are the authoritative reference for what an operator can offer to residents inside that jurisdiction Colorado sports betting catalog.

Because these catalogs are regulatory documents, they are useful when you need to confirm whether a specific prop type is allowed where you live. Operators must follow local rules and may suppress markets in states that restrict certain categories.

Examples of state and NCAA actions

The NCAA urged states to prohibit college player prop bets to protect student-athletes, and several jurisdictions responded by removing or restricting those markets. That regulatory pressure changed the availability and placement of college lines across multiple books after 2024 NCAA announcement.

Ohio is an example of a state that moved to ban college player prop bets, demonstrating how individual state decisions can directly remove markets that bettors previously saw on national apps Ohio regulatory notice.

How FanDuel lists and settles prop markets in the app and site

Where to find prop bet menus and educational explainers

FanDuel organizes prop markets in menu sections that separate player, team, and game markets and publishes educational explainers and house rules that describe settlement methods and provider preferences. Those help users find markets and understand how outcomes are graded FanDuel Research. For additional resources see Funded Plays.

In the app you can usually open an event and view a player props tab or a game props list. The presentation and available markets change depending on your registered location since local rules determine what can be shown to you Colorado sports betting catalog.

Use the help and house rules to confirm market availability and settlement details

Market name
Jurisdiction
Settlement rule

Confirm location and official stat provider

When a market is listed the operators event page or the house rules will note which official statistic provider governs settlement. If that detail matters to your evaluation, confirm it before placing a wager so you know what source will be used in a reversal or a stat challenge FanDuel Research.

Because availability is location dependent, make sure your app location settings and registered state are correct. The menu you see should match the markets you can lawfully place from your state; if it does not, contact support or review the regulatory catalog for clarity Colorado sports betting catalog.

A simple decision framework for picking prop bets

Check availability and settlement rules

Start by confirming the market is offered in your jurisdiction and by your operator, and then read the settlement rules to see which official provider controls outcomes and what happens in a DNP or an overturned stat FanDuel Research.

Next, convert the listed American odds to implied probability so you can compare the market price to your estimate of the events chance of occurring. This gives a direct, apples-to-apples comparison for value analysis American odds explainer.

Assess price versus implied probability

If your probability estimate exceeds the market-implied probability after conversion, the prop may offer value, subject to bankroll sizing and variance. Confirm your stake fits a disciplined plan and that the settlement rules do not introduce avoidable risk FanDuel Research.

Short-term tracking helps you learn which markets you read well. Keep stakes small while you build a record, and remember that no strategy guarantees returns because settlement rules and availability can change Investopedia explainer.

When to adjust or stop a strategy

If a market type stops producing expected outcomes, pause and check whether changes in lineup usage, coaching, or regulation explain the shift. A disciplined review process protects capital and prevents chasing short-term variance FanDuel Research.

Maintain conservative sizing for props because they are discrete outcomes with higher variance than match bets, and use your log to measure whether your approach is statistically sustainable over a meaningful sample.

Novelty props and special-event markets: what to expect

Types of novelty markets

Novelty markets cover unique or one-off outcomes related to special events or off-field matters, and they are often created for major events or publicity moments. These markets can be fun but are commonly limited by the sportsbook and by state rules FanDuel Research.

Why availability is limited

Regulatory constraints and the event-specific nature of novelty markets mean they may not be available in every jurisdiction. Check the operators event list and the applicable state catalog when you want to explore novelty lines Colorado sports betting catalog.

When props are voided or changed: settlement exceptions to watch

Player DNP, suspended outcomes, and official statistics

Common void or exception scenarios include player DNP, event cancellation, or a stat reversal by the official provider. Operators document these possibilities in their house rules and resolution policies, which should be reviewed before you place a bet FanDuel Research.

If a player does not play the operator may void the market or grade it according to specific rules; understanding those outcomes helps avoid surprises when a last-minute scratch affects a settlement Investopedia explainer.

Resolution rules are usually found in the sportsbooks help or legal section and listed with event-specific notes. If you cannot find a clear answer, contact customer support or consult the state catalog for guidance on permitted settlement methods Colorado sports betting catalog.

Summary: key takeaways about fanduel prop bets

Quick recap

fanduel prop bets focus on in-game events rather than final outcomes and are grouped into player, team, game, and novelty markets that each require different evaluation approaches FanDuel Research.

State rules, particularly those addressing college player props, can restrict availability, and American odds are the standard U.S. format used to express prices and implied probabilities Colorado sports betting catalog.

Next steps for readers

Before placing props, confirm market availability in your state, read the settlement rules for the event you plan to use, convert prices to implied probability, and log results so you can measure which markets you reliably understand American odds explainer.

Are college player prop bets allowed everywhere?

No. Availability varies by state. The NCAA encouraged states to prohibit college player props and some jurisdictions have implemented bans, so check local rules first.

How do I convert American odds to implied probability?

Use the standard formulas: for positive odds implied probability = 100 / (odds + 100) and for negative odds implied probability = |odds| / (|odds| + 100).

What happens if a player is scratched after I place a prop?

Settlement depends on the sportsbook’s house rules; common outcomes include voiding the bet or grading according to a specified policy, so read resolution rules before betting.

If you plan to use prop markets, confirm your local rules and the sportsbook’s settlement policies before placing wagers. Keep stakes disciplined, track your results, and treat regulatory changes as part of the landscape rather than an unexpected surprise.