PointsBet sports betting launched in Australia in 2017 and recently launched in the New Jersey market as well. What sets them apart from their competitors is the fact that they don’t only offer traditional fixed odds, but that they also offer an innovative type of sports betting called ‘points betting’.
Points Betting basically means that the outcome of the bet is rather dependant on HOW MUCH right or wrong the bet placed tends to be. In other words, the amount of winnings is tallied down to the specific amount of points the bet tends to be right or wrong by – so one can really lose big, but alternatively, one could also win very big indeed!
How to bet on PointsBet Sportsbook:
As previously mentioned, PointsBet sports betting offers a type of bet called points betting. Points betting is a unique type of Online Sports Betting in NJ that is based on variables instead of fixed outcomes. This means that your potential winnings or losses from a bet aren’t fixed and remain variable up until the game, match, or event, is completely finished.
Here are a few examples of how points betting works:
- If your bet wins by one point, you will win 1 times your initial bet amount.
- If your bet wins by 2 points, you will win 2 times your initial bet amount.
- If your bet wins by 20 points, you will win 20 times your initial bet amount.
- If your bet loses by 1 point, you will lose 1 times your initial bet amount.
- If your bet loses by 5 points, you will lose 5 times your initial bet amount.
- If your bet loses by 10 points, you will lose 10 times your initial bet amount.
As you can tell from the above examples, it is not like normal betting. You have a way larger amount that you could stand to lose or win based on multiple variables.
To protect yourself and your bankroll, all of the bets have maximum win and maximum loss levels available for you to see when you place your bet.
This ensures you will always know how much you could possibly win and how much you could potentially lose – and can adjust your bet accordingly!
You can also place stops on your PointsBet sports betting to further limit the variables.
For instance, you can put a 10 point stop on your bet, which means that even if you are wrong by 20 points, you will only lose 10 times your initial bet, but it also means that if you are right by 20 points, you will only win 10 times your initial bet.
If you think you are ready to jump right into the exciting world of Points Betting, then here’s a step by step guide to get you started:
- Sign up and create your PointsBet Sportsbook account; don’t forget to sign up with a promo code
- Decide how big your betting bankroll is and make your first deposit
- Pick a bet (maybe add a stop until you get the hang of it)
- Wait for the results.
Pros and Cons of PointsBet Sportsbook
Overall, we thoroughly enjoyed testing out the PointsBet Sportsbook. The interface is easy to interact with and there were more than enough help resources available.
This includes wild and unique betting options, such as Quarterback Completion %, Time of First Touchdown/Basket, Player Points Multiples and more!
What we didn’t enjoy about PointsBet sports betting was probably only down to there being limited deposit options (only Visa, MasterCard and Online Banking), as well as the limited entertainment/niche markets available to bet on and that you can only cancel bets via telephone.
|1. Points betting||1. Limited deposit options|
|2. Lots of NBA and NFL markets||2. Can only cancel bets via telephone|
|3. Easy to navigate website||3. Limited niche/entertainment markets|