How PointsBetting Works
Points Betting is a new and exciting way to bet where your winnings or losses from a bet are not determined until the very end of a game. Points Betting is a unique sports betting option available only at PointsBet, a sportsbook founded in 2017 in Australia that has opened its doors in New Jersey and many other US states. began trading solely as a spread betting service. Continue reading to learn how pointsbetting works, where winnings or losses aren’t fixed, but depend on how correct your bet is.
What is Points Betting?
Points Betting is a new way to bet where your winnings or losses from a bet are not determined until the very end of a game. This allows you to win big if your sports predictions are correct.
In short, spread betting allows you to place wagers on almost any occurrence throughout the course of a sporting event, the amount of times it will happen or the time it will occur.
The concept is very easy. The more you’re right, the more you win. The more you’re wrong, the more you lose.
A Points Betting wager allows a bettor to win or lose based on the outcome of the wager. Whether the wager is based on a point spread, total, or player prop, the wager isn’t known until the end of the game.
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.
How Pointsbetting Works
Points Betting takes a spread, total, or prop bet, and makes it a variable bet until the end of the game. The idea is the more correct a bettor is, the more they win, and visa versa.
For example, let’s say you bet $10 on the Kansas City Chiefs (-3) against the New England Patriots (+3).
If Kansas City wins 35-30:
You covered the spread and won by two points. This means you multiply your $10 wager by two, for a total win of $20.
If Kansas City wins 43-30
You covered the spread and won by thirteen points. This means you multiply your $10 wager by thirteen, for a total win of $130.
If Kansas City loses 25-29
You lost the spread by seven points (the four New England won by plus the three the Chiefs was favored by). This means you multiply your $10 wager by seven, for a total loss of $70.
There are caps on each sport/market. Some markets may have a win/loss multiplier of up to 250X, while other markets can be capped at 10X.
Of course, bettors can stop their stop losses parameters, more or less like what happens with financial trading. For instance, if you place a stop loss of 15X and make a pointsbetting wager of $20, your maximum gain or loss can only go up/down to $300.
PointsBetting Market Types
There are also bets you can make based against times of certain outcomes happening.
In an NBA game, it might be the time in seconds of the first field goal made.
In soccer, it could be the time of the first goal. You can place wagers against the times: for example, if you think Liverpool will score early, you can bet on the first goal to be scored in a certain time, and any minutes lower than that number will add to your winnings.
PointsBet, as already mentioned, arethe points betting leading operator and they offer a range of markets based around time in minutes or seconds. They specialise in NBA betting offering up to 300 markets per game including over 100 markets that are not offered anywhere globally.
Sports covered & markets
NBA: Time of first free throws to be made by players and teams, time of first 3PT FG by teams and players, time of first 2PT FG for teams and players, time for players to pass 3pts, 5pts, 10pts, 15pts, time of first fouls committed and much more.
AFL: Time of first goal, time of first behind, time of team passing 10pts, 20pts.
League/Union: Time of first try, time of team first try’s.
Ice Hockey: Time of first goal, time of team goals, time of first penalty, time of first shot.
Soccer: Time of team and match first goal, time of second goal, time of third goal.
PointsBet offer Player Stats Markets across all major sports. From NBA player shooting percentages (2PT, 3P, FT) to player points, rebounds and assists. Player fantasy points in AFL, player points totals and disposal totals. Player try minutes in NRL and Union and even player strike rates in cricket.
Multiplier markets allow you to really back your predictions and get maximum leverage on your bet. It really is an edge of your seat, heart in mouth type of betting experience for the entirety of a sporting event. Multipliers are available across a range of statistics or points markets for most major sports.
More about PointsBet
PointsBet is licensed and regulated by the NJ Division of Gaming Enforcement.
Now, PointsBet is one of the top entries in the New Jersey sports betting marketplace, having launched in 2019 under a partnership with Meadowlands Racetrack. At present, it is live in New Jersey, Iowa, Indiana, Illinois, Colorado, and Michigan.
PointsBet is an Australian company that is one of the newest entrants in the New Jersey sports betting market. It is partnering with Meadowlands Racetrack in New Jersey for its first foray into the US.
The site currently lists 17 sports on which it is offering markets. These markets include all of North America’s most popular sports:
- Motor Racing
PointsBet offers a range of bet types based around time in minutes or seconds. It specialises in NBA betting offering up to 500 bet types per game including over 100 bet types using seconds or minutes as the units for multipliers.
PointsBet features a straightforward rewards program in which your wagering activity earns points that can later be redeemed for bonus bets. First, points are earned for every wager placed at the PointsBet website or through the mobile app as follows:
- Fixed odds wagering: Earn 1 Reward Point for every $5 wagered
- Parlay wagers: Earn 1 Reward Point for every $1 wagered
- PointsBetting wagers: 1 Reward Point for every $1 won or lost