Points Betting is a unique sports betting option available only at PointsBet Sportsbook (currently in New Jersey and Iowa). This kind of point spread wager is based on the margin of victory or loss and can be very volatile, depending on how much risk a bettor wants to take on a game.
During the first week of the 2019 NFL season, one bettor decided to take a massive leap into Points Betting. One massive bet on the Ravens gave a lot of exposure to this relatively new form of point spread betting.
🚨BIG POINTSBETTING BET ALERT🚨
A client has placed a PointsBetting wager of $30,000 per point for the Ravens (-6) v. the Dolphins on Sunday! ⬇️
-Max Win/Loss: $600,000 👀 pic.twitter.com/akPHG3Xcvt
— PointsBet Sportsbook (@PointsBetUSA) September 6, 2019
This Points Betting wager was for $30,000 per point on the Baltimore Ravens -6 at Miami Dolphins. Unlike a point spread wager, the margin of victory in the game dictates how much the bettor wins or loses. The size of the win in this bet depended on the final score of the game. The Ravens covered and defeated the Dolphins 59-10.
The risk in this wager was capped at $600,000 for the bettor and PointsBet. Thanks to the unique wager and 49 point margin of victory, the bettor won $600,000. If this was a traditional -110 wager the bettor would have won $27,272.73. At the same time, this bettor could have also lost $600,000 if the result was reversed.
Points Betting is a unique way to wager on sports that’s unique to PointsBet Sportsbook. Betting on point spreads with a -110 moneyline isn’t for everyone. The traditional wager can seem boring since there’s a fixed win or loss. Every point or yard in a football game could change how much is won or lost.
A Points Betting wager allows a bettor to win or lose based on the outcome of the wager. The excitement of not knowing the potential amount of a win (or loss) can be exhilarating. Whether the wager is based on a point spread, total, or player prop, the wager isn’t known until the end of the game.
Point spread points betting
Points Betting is different depending on the type of wager placed. Here’s how a point spread wager would differ depending on the final score:
- If a wager wins by one (1) point, a bettor would win 1x the original wager.
- If a wager wins by two (2) points, a bettor would win 2x the original wager.
- When a wager wins by wins by 10 points, a bettor would win 10x the original wager.
The same Points Betting multiplier rules apply if the wager loses by those points. If a bettor is on the wrong side of the wager they will lose the same amount.
The Ravens game versus the Dolphins had different parameters since the maximum win or loss was set at $600,000. The bettor had a 20x limit on their $30,000 Points Betting wager. This game was the largest payout in the short history of PointsBet operating in the US.
Points betting other markets
Points Bet offers more wagering markets than many US sportsbooks. Including alternative game odds and player props, there are often more than 200 ways to wager on games at PointsBet. There are also Points Betting options for player or game prop bets.
This is where Points betting really becomes a wagering opportunity that’s different from any other sportsbook. Here are some examples of individual Points Betting opportunities for football games:
- Receiving yards: How many yards will Antonio Brown have versus the Dolphins?
- Fantasy Points: How many points will Odell Beckham Jr. score versus the Jets?
- Rushing yards: How many yards will Ezekiel Elliott have against the Redskins?
PointsBet will set a number and the person making the Points Bet will choose how much to risk above or below. The win or loss will be determined based on the final results of each player.
Points betting market limits
Points Betting wagers can get out of control quickly as noted in the Ravens game versus the Dolphins. All Points Betting markets have a cap on the maximum win and maximum loss. This is different for each type of Points Betting scenario and is displayed on the bet slip.
The limits allow bettors to see potential winnings or losses. Predicting sports outcomes isn’t easy or everyone would be a winner. Sometimes games have unexpected results. While a huge win is great, a huge loss can hurt a bettor beyond the wallet. The Points Betting market limits allow the bettor to see the potential loss and protect themselves by keeping a wager within budget.