Points betting is a whole different system of betting. Luckily, it's also super easy to understand! PointsBet, an Australian company started in 2017, brought points betting to the NJ online sports betting market. Yes, PointsBet NJ is another fresh addition to growing online sports betting market.
In this type of betting you can get big rewards but also take bigger risks. Every time you enter a bet, your winnings or losses can change with every second of the game. This can affect your balance significantly, so always bet only what you can afford to lose.
What is Points Betting?
Let’s answer the question of what is points betting. So the basic difference between points betting and your usual types of bets is the fact that in this case winnings or losses are not fixed. They change with every minute of the game, depending on whether the score is moving away or toward what you predicted in your bet.
Points Betting Example
Let’s say you want to bet $10. There’s your favorite team A, and you are betting that it will beat the opposing team B, by more than 10 points. Let’s look at different scenarios. If it’s exactly 10 points, you don’t win or lose. If team A wins by 13 points, your stake will be multiplied by three.
That’s because 3 the multiplier, in this case, is the difference between the 10 points from the bet and the result of the game. You will win 3 times of your $10 stake, which is $30. If Team A wins only by five points, your loss will be also multiplied. In this case by five – the difference between the spread (10) and the actual result (5). The bettor will lose $50.
The multipliers’ caps vary, depending on which type of market the bet was placed. That means that maximum win and maximum loss are set for each market. PointsBet has sometimes hundreds of markets per game.
Their specialties are the classics: NFL, NBA, and MLB. But they offer points betting on other sports too.
- The big three: NFL, NBA, MLB
Types of Bets
- Total points scored during the game
- First 3-pointer of a specific player
- Player’s shootings percentage
- Points scored by a player
- The first touchdown of the game
- Quarterback plays
- Specific player rushing/receiving yards
- The result after the first, third, or fifth inning
- A specific player hitting a home run
- Pitcher accuracy
These are just examples, but PointsBet brags on their website that they can offer up to 500 bet types for just one game.
Worried about taking too big of a risk? PointsBet NJ has a solution for you: stop loss. It allows you to mitigate how much you lose. Say you bet $10 they will win by more than 10 points. Instead, they lose by 10 points. Luckily, you had a hunch and took a precaution to set a stop loss at 5 points.
This means you will not lose 10 times your stake, but just five times.
Since points betting can be a crazy ride, also for the sportsbook, he too has to cover his back. PointBet, to prepare for bettors’ possible losses, withholds a proportional amount of money from their account.
Every time you place a bet the information about the amount withheld will appear.
Try Points Betting
If just watching football points grow during the game is not enough excitement for you, try points betting. Yes, it’s more fun and more risk, but it also makes each football point scored that much more thrilling. And it applies to all other sports. Each second of the game, each point scored, each attempted goal or an assist, it all matters suddenly so much more.
When you sign up with PointsBet, benefit from a special bonus if you use the PointsBet Promo Code: 2 risk-free bets worth up to $1,000.
Watching any sports event, when you have wagered your money through points betting system, is a guaranteed adrenaline ride. Have fun!