Points betting is a unique type of wager you don’t get to see often. It was created by the PointsBet company, but many have adjusted to the format, allowing you to wager with other brands as well.
The main thing is that it is much more difficult than regular types of betting. But once you get a hang of it, you can wager on various types of sports. Without further ado, here is our points betting explained article with all the ins and outs about this betting format.
What Exactly is Points Betting?
In points betting, the margin of a win or loss actually determines your return or how much you lose. In theory, you can win up to x50 your stake, but you can also lose as much as well. Making this type of betting style a bit risky.
For that reason, you need to know exactly how things work and analyze the situation before placing a bet. Points betting is usually available on spread bets and totals. Additionally, there are other complex types that are truly for the veterans of the game.
| Betting Type | Features of Bet |
|---|---|
| Points Betting | Betting on over 150 points in an NBA game – you win your stake x how many points. Over 150 – for 153 points, your stake is x3 |
| Moneyline | You bet on who wins the NBA game |
|
Points Spread | Betting on over 150 points in an NBA game – you win your stake x the odds on the over |
Pointsbet Sports Betting
The Points betting system was originally developed by PointsBet. The original idea was to reward you for the level at which you are correct when placing a bet. However, it also works the other way, making your losses larger the more wrong you are.
So, for instance, if the Sacramento Kings are playing the Memphis Grizzlies with the over line given at 210 points. It just so happens that you win your bet by a single point, 211. That means your return would be x1 your wager. Of course, if the result is 220, your return goes up to x10 your wager.
However, the same thing goes if the bet is a losing one. If the score is 209, you lose 1x your wager. But if the score is 200, your losses tally up to x10 your wager.
The more you are right, the more you win – but the more you are wrong, the more you lose. You can watch this video, which explains the system.
How to Place Bets Using Points Betting
Points betting is considered to be generally difficult to get right. But the actual concert of creating a bet slip is easy. It does not differ compared to a standard over/under bet, for instance.
Both the advantages and the disadvantages of this type of bet are self-explanatory. It is a high-risk type of bet with potentially higher returns. Wins are much higher compared to regular types of bets. But the losses can increase and get you to lose much more than you expected in the first place.
Points Betting Examples
Let’s now go through a points betting football example. The Dallas Cowboys are the favorites against the Baltimore Ravens, with the line set at -7. Every point the Cowboys cover or fail to do so activates a multiplier.
If the Cowboys manage to cover the line by two points, your return would be x2 your bet. However, if they fail to do so by two points, your loss would be x2 your bet.
Stop-Loss Feature
Operators allow a fail-safe system called the stop-loss adjuster. You will be able to activate it once you add your wager to the bet slip. Players can set their maximum payout or loss by moving the bar from x10 to x50.
You can set it depending on how you are feeling that day. If you think that the bet is a good one, you can set it up to high. If you are not sure about your bet, you can set it to low, and that way, avoid incurring additional losses.
FAQ
Read a few answers about this very interesting betting system below.
Points betting actually involves betting on the margin of victory. Basically, it allows you to get potentially higher returns if you are right. However, the more wrong you are, the higher the losses you incur.
Points betting is a betting system that allows you to bet on the margin of victory or loss and, that way, get potentially bigger returns. Unfortunately, it also may result in bigger losses if you are wrong.
