The Revis Betting Academy

PointsBetting 101

PointsBetting takes a traditional wager like a spread (which requires the favored team to win by a predetermined number of points), a total (the cumulative number of expected points in a given matchup) or a prop (a wager related to player performance) and adds a unique twist whereby a bettor’s potential winnings or losses aren’t fixed, but variable right until the end of the game.

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 that was wagered on.

For example, consider a bettor who wagers $1 on Team X as a favorite of 7 points. If Team X wins by 13 points — covering the spread by 6 points — that bettor will earn a profit of $6 (or 6x his or her original $1 stake). Conversely, if Team X wins by just 1 point — failing to cover the spread by 6 points — that bettor will lose $6 (or 6x the original $1 stake).

Each market available for wagering has its own unique “multiplier cap,” which varies based on the volatility of that specific market. For example, some markets may allow for a win/loss multiplier of up to 250x, while other markets could be capped at 10x. Depending on the multiplier cap of a given market, part of a bettor’s balance is withheld to cover potential losses. Regardless of the cap, bettors are always shown the “Balance withheld,” “Max win level,” and “Max loss level” of a market before finalizing a PointsBetting wager.

Risk-averse bettors also have the option of choosing their own customized multiplier caps — or “stop losses” — which limit the potential win/loss multipliers for a specific wager. So if a bettor chooses a stop loss of 5x and makes a PointsBetting wager of $1, he or she can win or lose no more than $5 regardless of the outcome of the game.

Moneyline Betting 101

A moneyline bet is a wager placed on a team to win the game outright.

Because it’s rare that two teams are rated equally by oddsmakers, bettors are required to pay a premium to wager on the better team in a given matchup. Conversely, a bet on the worse team is incentivized by higher potential returns.

For example, if Team X is a -300 favorite on the moneyline, a bettor would have to wager $3 in order to earn a profit of $1 (for a total return of $4 — original stake plus winnings). On the other hand, if Team X is a +300 underdog on the moneyline, the same $3 bet would result in a $9 profit (for a total return of $12 when factoring in the $3 stake).

Moneyline bets represent one of the most common types of wagers, in particular due to their popularity as part of parlay bets. In those scenarios, bettors can combine two or more moneylines in a parlay to create higher potential payouts

Spread Betting 101

The spread (also known as the “side”) is the method oddsmakers use to equalize two teams for wagering purposes. This is achieved by requiring the better team to win by a predetermined number of points in order for a bet on that team to cash.

For example, if Team X is favored by 6.5 points over Team Y, a bet on the favorite “giving” 6.5 points means Team X would have to win by at least 7 points for the bet to cash. On the other hand, a bet on the underdog “getting” 6.5 points means Team Y could lose by as many as 6 points and the bet would still be a winner.

Spread bets are typically priced at -110 odds on both the favorite and underdog, meaning a bettor must risk $1.10 to produce a net win of $1 (for a total return of $2.10 — original stake plus winnings).

The most traditional types of wagers, a spread can be bet as a single-game wager or become part of a parlay. In those scenarios, bettors can combine two or more spreads in a parlay to create higher potential payouts.

Total Betting 101

The total, also known as the “over/under,” refers to the cumulative number of expected points in a given matchup. Bettors have the option of wagering on the combined score of the two teams either going “over” or “under” the listed total.

For example, say oddsmakers list a total of 47 points for a matchup between Team X and Team Y. If a bettor were to make a wager on the over, a winning bet would require at least 48 combined points to be scored. If the total ends up at 46 or fewer the bet would lose, while a hypothetical final score of 27-20 — for exactly 47 points — would result in a “push,” meaning the bettor’s stake would be refunded.

Similar to spread bets, totals are usually priced at -110 odds on both the over and the under, meaning a bettor must risk $1.10 to earn a profit of $1 (for a total return of $2.10 — original stake plus winnings).

In addition to their popularity as single-game bets, totals are also often used as part of parlays. In those scenarios, bettors can combine two or more totals in a parlay to create higher potential payouts.

Prop Betting 101

A prop bet is a wager on a specific player- or team-related event during a game, with corresponding odds assigned to the potential outcomes of that event. Also known as a “proposition,” the easiest way to understand a prop bet is to think of it as a scenario that an oddsmaker presents to bettors, who then decide whether or not that scenario will occur.

For a player-related example, “Player X will score a touchdown” represents a common football prop. A bettor can take a “Yes” or “No” position on the prop, with the odds of each outcome varying depending on the player. If, for instance, oddsmakers assign +130 odds to the “Yes” outcome and Player X scores a touchdown, then a bettor who wagers $1 on that prop would earn a net win of $1.30 (for a total return of $2.30 — original stake plus winnings).

For a team-related example, “Team X will score first in its matchup vs. Team Y” is another common prop. If the odds of taking a “No” position are -130, then a bettor would have to wager $1.30 in order to produce a net win of $1. If Team X does not score first, the bet would cash for a total return of $2.30 — original stake plus winnings.

One distinguishing characteristic of a prop bet is that the outcome of the prop doesn’t always affect the outcome of the game. However there’s often correlation between the two.

In the example above — “Team X will score first in its matchup vs. Team Y” — the “Yes” outcome would naturally correlate to Team X winning the game due to the early lead it would have established against Team Y. Bettors should therefore consider the potential for similar correlations when assessing props.

Parlay Betting 101

A parlay involves betting on two or more outcomes at once and combining the bets into a more involved wager with escalating returns.

Bettors can choose from moneylines (a bet placed on a team to win the game outright), spreads (which require the favored team to win by a predetermined number of points) and totals (the cumulative number of expected points in a given matchup) to add as “legs” of their parlay. The most important thing to know about a parlay is that each individual leg must win for the parlay to cash.

For example, consider a bettor who makes a 3-leg parlay containing the Team X moneyline at -175 odds, the Team Y moneyline at +140 odds, and the Team Z spread at -6 with -110 odds. A $1 bet on this parlay would result in a profit of $6.20 (for a total return of $7.20 — original stake plus winnings). However, that’s assuming all three legs hit; if Team X and Team Y both win but Team Z fails to cover the 6-point spread, the parlay would not be a winner.

As illustrated in the example above, parlays are tough bets to win. But because of their low-risk high-reward potential, they nonetheless represent preferred wagers for many recreational bettors.

Parlay payouts, which vary depending on the odds of each leg.

Pick Your Own Spread 101

While it’s standard practice for oddsmakers to establish a spread (also known as a “side”) for any matchup before accepting wagers from bettors, a unique feature of the PointsBet Sportsbook empowers bettors to initiate that process themselves.

This is achieved by permitting bettors to determine the precise spread they would prefer for a given matchup, and then assigning corresponding odds to that customized number.

For example, say Team X is posted as a 7-point favorite vs. Team Y at -110 odds but a bettor prefers to wager on Team X as a 3-point favorite instead. That bettor merely needs to utilize the Pick Your Own Spread feature to request his or her preferred spread, and the customized spread will be honored at an adjusted price.

Bettors should keep in mind that they will have to pay a premium when requesting a customized spread that provides a higher probability of winning than the posted spread (such as in the example above). Conversely, requesting a customized spread that has a lower probability of winning than the posted spread will result in escalating potential returns.

Pick Your Own Total 101

While it’s standard practice for oddsmakers to list a total (also known as an “over/under”) for any matchup before accepting wagers from bettors, a unique feature of the PointsBet Sportsbook empowers bettors to initiate that process themselves.

This is achieved by permitting bettors to determine the precise total they would prefer for a given matchup. Bettors then receive corresponding odds to that customized number.

For example, say the total is posted at 47 points in a matchup between Team X and Team Y but a bettor prefers a total of 43 in order to make a wager on the “over” more winnable. That bettor merely needs to utilize the Pick Your Total feature to request his or her preferred total, and the customized total will be honored at an adjusted price.

Bettors should keep in mind that they will have to pay a premium when requesting a customized total that provides a higher probability of winning than the posted total (such as in the example above). Conversely, requesting a customized total that has a lower probability of winning than the posted total will result in escalating potential returns.

Pick Your Own Prop 101

While it’s standard practice for oddsmakers to list props (also known as “propositions”) related to player performances before accepting wagers from bettors, a unique feature of the PointsBet Sportsbook empowers bettors to initiate that process themselves.

This is achieved by permitting bettors to determine the precise performance-related prop they would prefer for a given player. Bettors then receive corresponding odds to that customized number.

For instance, say Player X is assigned a scoring prop of 20 points but a bettor prefers a scoring prop of 15 points in order to make a wager on the “over” more winnable. That bettor merely needs to utilize the Pick Your Prop feature to request his or her preferred prop, and the customized prop will be honored at an adjusted price.

Bettors should keep in mind that they will have to pay a premium when requesting a customized prop that provides a higher probability of winning than the posted prop (such as in the example above). Conversely, requesting a customized prop that has a lower probability of winning than the posted prop will result in escalating potential returns.

Futures Betting 101

A futures bet involves making a wager on a player- or team-related outcome that won’t be settled until the conclusion of that season. The most common futures bet involves wagering on a team to win its respective league championship.

Sportsbooks will typically release “futures odds” for the upcoming season soon after the conclusion of the previous season, and then accordingly update and adjust the odds throughout the offseason as more information becomes known about each team.

The benefit of wagering on futures is that bettors can turn a small amount of money into a significant payout if they place their bet on the right long shot.

The most famous example of a futures bet turning into a windfall of cash came when Leicester City won the 2015-16 English Premier League title after beginning the season with 5,000-1 odds, which is to say a mere $1 bet on Leicester City before the season would have resulted in a $5,000 win.

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