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What is Proposition (prop) bet in poker?

A type of bet made on an abstract topic, often not related to poker itself. However, prop bets are very common in the poker world. For example, one famous prop bet between Matt Savage and Mike Noori, propositioned whether Mike Noori could eat $1,000 worth of McDonald's food in 36 hours.
Other terms
Pot committed Pot odds Preflop Probe bet Progressive Knockout Tournament (PKO) Protection Punt Pure mistake Pure strategy