Competition in the sports betting market is great for consumers. One of the more aggressive and interesting sports betting apps has come to Indiana and that is PointsBet. The Australia-based company made its United States debut in New Jersey not long after PASPA was overturned by the Supreme Court in May 2018 and PointsBetting has been a trailblazing development in this new frontier.
PointsBet was approved by the Indiana Gaming Commission in January and managed to get everything in place to get started before March Madness. At its core, PointsBet is a traditional sportsbook with all of the fixed odds stuff that you are accustomed to seeing, but it is also so much more than that. PointsBetting allows users to really explore their personal risk tolerance because you can actually win more or lose more depending on the outcome.
Let’s say that you bet an NBA game with a total of 210. If you opt to go with the PointsBetting option as opposed to the fixed odds, you can still bet over or under, but your winnings are based on how far over or how far under the game goes. If you utilize PointsBetting, bet the over, and the total lands 220, you would win 10 times the amount that you bet. Of course, the other side of that coin is that a total that lands 200 would cost you 10 times the amount that you bet.
Because of the risk-reward option offered by PointsBet, it has been one of the fastest-growing and most exciting sportsbook operators in legalized sports betting. PointsBet has been operating in New Jersey and Iowa, but has now made its debut in Indiana just in time for a state crazy about college basketball to start betting the major conference tournaments like the ACC, Big Ten, Big East, SEC, Pac-12, and Big 12 and also for March Madness, the NIT, CBI, and CIT.
In other words, PointsBet couldn’t have timed it any better. PointsBet is tied in with Penn National Gaming and owns its license in the state of Indiana through the Hollywood Casino in Lawrenceburg.
Ever since Indiana moved from just retail betting to online betting, the handle has gotten off the charts big. Bettors want the convenience of being able to bet from home, work, or while on the go.
PointsBet has also gained favor with bettors with some savvy PR decisions, including refunds on the awful pass interference non-call in the NFC Championship Game between the Rams and Saints and also the bets that were made on the Yankees to win the World Series in 2019 after it was announced that the Astros had been cheating with their sign stealing operation.
There are a lot of other redeeming qualities about PointsBet in the three states where they operate. They are willing to take big action on game days of up to $10,000 on MLB, NBA and NHL playoff games, and NFL money line and spread bets. We’ll see what they are willing to offer up for the March Madness games, but this is a book that already takes an aggressive stance based on that PointsBet system. They are willing to embrace some risk for the sake of growing the brand, but also for the sake of their reputation as a relative newcomer to the US betting markets. Even places like DraftKings and FanDuel that weren’t in sports betting, but operated some high-dollar fantasy contests, already had a reputation for handling big players. PointsBet had to work its way into that discussion and has done so in spectacular fashion.
For those that don’t live in Indiana, New Jersey, or Iowa and want to use PointsBet, have no fear. As legalization continues to sweep across the country, PointsBet is continuing to expand its reach. There are already plans in place to launch in Illinois soon and also Colorado and Michigan sometime in 2020.
For more on PointsBet, you can read our full review based on PointsBet NJ and take advantage of the excellent promo codes offered exclusively to our ATS readers.