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.
- Betting On Spread
- Understanding Point Spread Betting
- Nfl Point Spread Betting Explained
- Point Spread Betting Rules Against
- Point Spread Betting Rules Poker
When betting the spread, you are essentially betting on a player to perform as well as expected or better. The spread acts as a kind of handicap to even the odds, literally. Spread bets pay close to even money. If the final score is Dallas 12, Pittsburgh 6, when we adjust for the POINT SPREAD, the final score becomes 12-12 (Dallas 12, Pittsburgh 6 + 6 = 12). This effectively results in a tie and the “PUSHED”. In a point spread, you have to bet against the forecasted outcome one way or the other, you cannot just pick a team to win lose or it without laying down a lot of money or it would be too easy to beat a highly. The most common betting line for a point spread is -110. A -110 line on either side is like paying a tax or commission to the sportsbook. Bettors would pay 10 percent (aka.
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.
Betting On Spread
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.
When it comes to sports betting lines, you probably are wondering what the lingo of lines, odds, and spreads really mean. Understanding what these terms mean is essential to making proper picks on your favorite teams. For the most part these rules apply to all the main sports such as football, basketball, soccer, and hockey. But there are some key differences when betting against the big leagues like the NFL, NBA, and MLB.
Super Bowl and Stanley Cup Betting Odds
A betting line is another terminology for point spread, which is tied to the outcome of the event. It is a forecasted prediction of how many points an anticipated stronger team will win by against a weaker team. In the betting world the stronger team is referred to as the favorite, and the weaker team is referred to as the underdog. These collectively are referred to as spreads.
NHL, Baseball, WNBA Playoffs Betting Picks
In a point spread, you have to bet against the forecasted outcome one way or the other, you cannot just pick a team to win lose or it without laying down a lot of money or it would be too easy to beat a highly likely winner. Instead if a team is predicted to win by 7 points, the spread would be -7 towards that team. You then must place on a bet on whether you think the favorite would beat the underdog by at least 7 points, or if you think the underdog could cover and lose by less than 7 or win. Sometimes a game is considered highly contested and balanced that you might have what is called a pick-em where you simple pick which team will win. Point spreads are common in the NFL.
NBA Point Spreads and NCAA Lines Reviewed
After point spreads are established, you can then look at the moneyline bet. This is generally correlated to the point spread except it shows how money you can win based on your wager. Some sports do not use a point spread but rather just stick to a moneyline bet. For example, a team that was a -7 favorite would likely have a moneyline negative as well, say -200. That means, you would have to bet $100 to win $200. Alternatively there is a plus bet that goes with the underdog, say at 250. That means if you bet 100 and the underdog wins, you can win $250. Moneyline bets generally involve a higher wager to make money as opposed to point spreads. Moneyline picks are the most common wager instrument in the major sports of NBA, MLB, hockey, and soccer.
Understanding Point Spread Betting
Nascar, PGA Golf and MMA UFC Betting Lines
Nfl Point Spread Betting Explained
In unique situations, where a game has a lot of prestige such as the NFL super bowl , NBA playoffs, or the Stanley Cup, you can bet on prop bets which are bets on specific things that could happen during a game. This is a play strictly based on odds of something happen against it not happening. An example might be whether a field goal would be the first type of score in the football game. At any time as people are betting one way or the other, the odds will adjust as people make picks one way or the other.
Point Spread Betting Rules Against
Premier League, British Open Championship and College Football Odds Every Week
Point Spread Betting Rules Poker
Opening lines generally come out a week before an event but for major events like the Superbowl, it might be out for two weeks once the matchup is established. Football events opening lines generally come out on a Tuesday after all the previous weeks games have been played and is usually the sport most heavily used to gamble on. Basketball and MLB have games more frequently and usually the opening line might only exist for the day of an event.