PointsBetting can be intimidating for the novice bettor because the payout is variable, not fixed. But here’s the bottom line: The more you’re right, the more you win.
WHAT IS POINTSBETTING?
PointsBetting takes a traditional wager like a spread, total or prop and adds a unique twist: A bettor’s potential winnings or losses are not determined until the final buzzer, horn or gun goes off. Or until the last pitch or shot has been recorded.
The idea behind PointsBetting is simple: The more bettors are correct in their predictions, the higher the winnings. Conversely, the more bettors are off in their predictions, the higher the losses. That’s because a bettor’s stake is multiplied — either positively or negatively — by whatever the difference is between the final result and the original spread, total or prop.
HERE’S AN EXAMPLE OF POINTSBETTING
Consider a bettor who wagers $5 on the Chicago Bulls vs. Denver Nuggets total points over 220. If the total points at the end of the game is 225, the bettor gets 5X their original stake of $5 to equal $25. If the total gets to 230 points, the bettor gets 10X their $5 stake for $50. If the total gets to 240 points, the bettor would get 20X their $5 for $100 winnings! Conversely, if the total only reaches 219 points —that bettor will lose $5 (or 1x the original $5 stake).
Every single point matters and your payout is only determined at the final buzzer!
WHAT ARE OTHER WAYS TO POINTSBET?
Football bettors can pointsbet offerings such as passing yards and team turnovers. Hoops wagerers can get creative with things like the number of seconds until the first field goal is made – or attempted. And golfing aficionados can pointsbet a player’s leaderboard finish.
HOW MUCH CAN I WIN OR LOSE?
Risk-averse bettors also have the option with select offerings to choose their own customized multiplier caps — or “stop losses” — which limit the potential wins and losses for a specific wager. So if a bettor chooses a stop loss of 15x and makes a PointsBetting wager of $1, he or she can win or lose no more than $15 regardless of the outcome of the game.
Each available offering has its own “multiplier cap,” which varies based on its volatility. Some markets may allow for a win/loss multiplier of up to 1000x, while other markets could be capped at 10x.
Regardless of the cap, bettors are always shown “Balance withheld,” “Max win level,” and “Max loss level” before finalizing a PointsBetting wager. Your “Balance withheld” is the amount needed in your account to ensure a percentage of loss would be covered.
HOW TO DO IT
1) Select your event
2) Choose PointsBetting on the event top menu, rather than Fixed Odds
3) Choose the offering and enter the betting amount
4) When applicable, slide the stop loss adjuster to the desired max win/loss level